Overview
What is Iron Workers Local 40 & 361 Apprenticesh?
Iron Workers Local 40 & 361 Apprenticeship is a nonprofit organization located in Astoria, New York, specifically at 35-23 36th Street. Its primary objective is to educate and train apprentices to enhance their skills, ultimately transitioning them into journey-level workers. The program is comprehensive, featuring skilled instructors, rented classrooms, and all essential learning materials, enabling apprentices to master their craft effectively. The entity's mission is to provide a nurturing environment that fosters personal and professional growth for its apprentices, contributing to the ironworking industry as a whole. With a small workforce of 13 individuals, Iron Workers Local 40 & 361 Apprenticeship is committed to nurturing the next generation of skilled ironworkers.
Official website here: www.nycironworkers.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Iron Workers Local 40 & 361 Apprenticeship has achieved a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This rating is derived solely from their accountability and finance score, which is 94%, indicating robust financial health and operational transparency. The organization has demonstrated a commitment to ethical governance with 100% of its board members being independent, which fosters impartial decision-making.
The nonprofit exhibits strong financial practices, as evidenced by a high program expense ratio of 86.38%. This suggests that a significant portion of their funds is directed towards their core mission rather than administrative costs. Additionally, the organization has a favorable liabilities to assets ratio of just 2.02%, indicating sound financial management and minimal debt relative to its assets.
No significant weaknesses have been noted in the data, as the organization has implemented comprehensive policies for conflict of interest, whistleblower protections, and document retention, further underscoring its dedication to accountability. Overall, Iron Workers Local 40 & 361 Apprenticeship stands out as a reliable and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Iron Workers Local 40 & 361 Apprenticesh legitimate?
Iron Workers Local 40 & 361 Apprenticesh is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iron Workers Local 40 & 361 Apprenticesh submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $694,501
Professional Fundraising Fees: $0
Other Salaries and Wages: $616,673
For more financial information, click here
Official website here: www.nycironworkers.org
What is the mission statement of Iron Workers Local 40 & 361 Apprenticesh?
The mission of Iron Workers Local 40 & 361 Apprenticeship is centered around educating and developing the skills of apprentices, with the ultimate goal of helping them transition into becoming journey-level workers. This is achieved through a comprehensive program that includes the guidance of instructors, the rental of classrooms, and the provision of all necessary materials. The apprenticeship aims to enhance their abilities in various trade-related skills, thereby preparing them for a successful career in their respective fields.
Official website here: www.nycironworkers.org
What is the revenue of Iron Workers Local 40 & 361 Apprenticesh?
Iron Workers Local 40 & 361 Apprenticesh's revenue in 2023 was $2,000,143.
Official website here: www.nycironworkers.org
Who are the executives of Iron Workers Local 40 & 361 Apprenticesh and what are their salaries?
The average compensation at Iron Workers Local 40 & 361 Apprenticesh during 2023 was $100,860. There are 13 employees at Iron Workers Local 40 & 361 Apprenticesh.
Here are 15 key members and their salaries:
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- Compensation: $108,785
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- Other: $131,779
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- Compensation: $272,741
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- Other: $181,196
- Compensation: $130,628
- Related: $0
- Other: $89,815
Official website here: www.nycironworkers.org
Where can I find the form 990 for Iron Workers Local 40 & 361 Apprenticesh?
Iron Workers Local 40 & 361 Apprenticesh's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nycironworkers.org
Learn more at the official website: www.nycironworkers.org
Mission Statement of Iron Workers Local 40 & 361 Apprenticesh
Iron Workers Local 40 & 361 Apprenticeship is committed to educating and training apprentices, with the ultimate goal of helping them enhance and develop the necessary skills required to become journey-level craftsmen. The organization accomplishes this mission by employing instructors, securing classrooms for instruction, and providing all essential materials. The program aims to equip apprentices with a solid foundation in the trade, preparing them for a successful career in the ironworking industry.
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Impact
July, 2024
Iron Workers Local 40 & 361 Apprenticeship program has a significant impact on the community by providing trade school training to apprentices. Their mission is to instruct and train apprentices to enhance and develop the skills necessary to become journeymen in the ironworking industry. By offering a structured program that includes instructors, classroom rentals, and all essential materials, they are equipping individuals with the expertise needed to secure employment in this field. This not only benefits the apprentices by enhancing their career prospects but also contributes to the growth and sustainability of the local workforce.
This information is meant to be a general summary of Iron Workers Local 40 & 361 Apprenticesh. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $76,883
- Program Service Revenue: $1,623,242
- Gross Receipts: $2,000,143
Assets and Liabilities:
- Total Assets: $16,258,842
- Total Liabilities: $329,283
- Net Assets: $15,929,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,623,242
Organization Details
Founding Year
1944
Principal Officer
Bryan Brady
Website
www.nycironworkers.orgNTEE Category
Code: J22Z - Employment
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