Overview
What is Teamsters Local 237 Training & Education Fund?
Teamsters Local 237 Training & Education Fund is a nonprofit organization situated in New York, specifically at 216 WEST 14TH ST, NY 10011. Its primary mission is to provide training and educational benefits to its participants, aiming to enhance their job efficiency and facilitate job advancement. This nonprofit organization, with a workforce of 37 individuals, focuses on empowering its participants through educational programs, ultimately contributing to their professional growth.
What are the reviews and ratings of this charity?
Charity Navigator rating: 0 stars (27%)
The Teamsters Local 237 Training & Education Fund has received a low rating of 27%, reflecting significant concerns in its accountability and financial management practices. The absence of independent board members and various missing governance policies raises questions regarding transparency and oversight, which are essential for maintaining trust with donors and stakeholders.
Despite scoring well in certain areas such as the audit and oversight committee, the overall picture reveals a lack of essential organizational structures. The high liabilities to assets ratio and a low program expense ratio indicate that a minimal percentage of funds are directed towards their core mission, which could hinder the effectiveness of their training and educational initiatives.
These weaknesses highlight critical areas for improvement. The nonprofit would benefit from establishing independent board members and implementing missing policies to enhance accountability and financial stewardship. Addressing these issues could potentially improve their rating and overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Teamsters Local 237 Training & Education Fund legitimate?
Teamsters Local 237 Training & Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teamsters Local 237 Training & Education Fund 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: $244,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $326,789
For more financial information, click here
What is the mission statement of Teamsters Local 237 Training & Education Fund?
The Teamsters Local 237 Training & Education Fund's mission is centered around providing training and educational benefits to its participants. This mission is aimed at enhancing the job efficiency of these individuals, ultimately facilitating their advancement in their respective careers. The fund aims to equip participants with the necessary skills and knowledge, thereby contributing to their professional growth and development. The primary goal is to empower individuals to excel in their roles and further their careers. The fund offers various training programs and educational resources to help participants achieve their career objectives.
Who is the CEO of Teamsters Local 237 Training & Education Fund?
Gregory Floyd is the Trustee/Chairman of Teamsters Local 237 Training & Education Fund.
What is the revenue of Teamsters Local 237 Training & Education Fund?
Teamsters Local 237 Training & Education Fund's revenue in 2022 was $857,125.
Who are the executives of Teamsters Local 237 Training & Education Fund and what are their salaries?
The average compensation at Teamsters Local 237 Training & Education Fund during 2022 was $15,441. There are 37 employees at Teamsters Local 237 Training & Education Fund.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $250,694
- Other: $18,153
- Compensation: $0
- Related: $178,805
- Other: $12,335
- Compensation: $0
- Related: $184,366
- Other: $36,271
- Compensation: $0
- Related: $243,190
- Other: $17,560
- Compensation: $0
- Related: $228,933
- Other: $18,205
- Compensation: $208,797
- Related: $0
- Other: $35,743
- Compensation: $137,713
- Related: $0
- Other: $15,568
Where can I find the form 990 for Teamsters Local 237 Training & Education Fund?
Teamsters Local 237 Training & Education Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters Local 237 Training & Education Fund
Teamsters Local 237 Training & Education Fund is dedicated to providing training and educational benefits to its participants. The primary objective of this nonprofit organization is to enhance the job efficiency of its participants, thereby facilitating their potential for job advancement. By offering suitable training and educational programs, Teamsters Local 237 Training & Education Fund aims to empower its participants, equipping them with the necessary skills to excel in their respective professional domains.
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Impact
August, 2024
Teamsters Local 237 Training & Education Fund has a significant impact on individuals by providing training and educational benefits aimed at increasing job efficiency and fostering opportunities for job advancement. Through its programs, participants are equipped with the skills and knowledge needed to excel in their respective fields, ultimately enhancing their career prospects and overall success in the workforce. This proactive approach to workforce development not only benefits participants themselves but also contributes to a more skilled and competent workforce, positively impacting businesses, industries, and the economy as a whole.
This information is meant to be a general summary of Teamsters Local 237 Training & Education Fund. 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 2022.
- Investment Income: $4,235
- Program Service Revenue: $710,821
- Gross Receipts: $2,332,639
Assets and Liabilities:
- Total Assets: $742,670
- Total Liabilities: $1,106,022
- Net Assets: -$363,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOCAL 237 CONTRIBUTIONS
Revenue
$376,093
EMPLOYER CONTRIBUTION
Revenue
$334,728
Organization Details
Founding Year
1979
Phone
(212) 924-2000Principal Officer
Gregory Floyd
Main Address
216 WEST 14TH ST, NEW YORK, NY, 10011
NTEE Category
Code: J200 - Employment
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