Overview
What is Commercial Employees - Local 94-94A 94B Training Fund?
Commercial Employees - Local 94-94A 94B Training Fund is a nonprofit organization situated at 331-337 WEST 44TH STREET, NEW YORK, NY 10036. Their primary mission is to offer training, skill enhancement, and safety education to eligible individuals. The fund dedicates its resources to this purpose, aiming to improve both the professional and personal growth of its participants. With a workforce of 28 employees, the organization plays a significant role in fostering the development of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Commercial Employees - Local 94-94A 94B Training Fund has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization is recognized for its excellent governance, as evidenced by its perfect score of 100% for having an entirely independent board. Additionally, the training fund has demonstrated robust financial oversight and sound management of assets, which is vital for maintaining donor trust.
Strengths of the organization include a high program expense ratio of 82.04%, indicating that a significant portion of its funds is directed towards its mission-related activities. The presence of comprehensive policies on conflict of interest and whistleblowing further highlights its commitment to ethical practices and transparency. The audit and oversight committee's effectiveness also contributes to the fund's financial integrity, as highlighted by its perfect scores in financial statement evaluations.
While the organization demonstrates many strengths, it is important for potential donors to consider the impact of its programs in addition to financial metrics. While no significant limitations or issues were reported in the data, ongoing transparency and community feedback are essential for continued improvement and trust. Overall, this nonprofit stands out for its exceptional financial management and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Commercial Employees - Local 94-94A 94B Training Fund legitimate?
Commercial Employees - Local 94-94A 94B Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commercial Employees - Local 94-94A 94B Training 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $849,839
For more financial information, click here
What is the mission statement of Commercial Employees - Local 94-94A 94B Training Fund?
The Commercial Employees - Local 94-94A 94B Training Fund is committed to providing training, skill enhancement, and safety education to eligible participants. Its primary objective is to empower individuals by equipping them with necessary skills and knowledge, thereby promoting safety in their respective fields. The fund serves as a vital resource for participants, contributing to their professional growth and development. By offering these educational opportunities, the Training Fund aims to enhance the overall competency and safety standards within the relevant industries.
Who is the CEO of Commercial Employees - Local 94-94A 94B Training Fund?
William Faranda is the Executive Dir. of Commercial Employees - Local 94-94A 94B Training Fund.
What is the revenue of Commercial Employees - Local 94-94A 94B Training Fund?
Commercial Employees - Local 94-94A 94B Training Fund's revenue in 2022 was $2,640,353.
Who are the executives of Commercial Employees - Local 94-94A 94B Training Fund and what are their salaries?
The average compensation at Commercial Employees - Local 94-94A 94B Training Fund during 2022 was $30,351. There are 28 employees at Commercial Employees - Local 94-94A 94B Training Fund.
Here are 12 key members and their salaries:
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- Other: $89,619
- Compensation: $198,666
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- Other: $82,274
- Compensation: $190,677
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- Other: $81,080
Where can I find the form 990 for Commercial Employees - Local 94-94A 94B Training Fund?
Commercial Employees - Local 94-94A 94B Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Commercial Employees - Local 94-94A 94B Training Fund
Commercial Employees - Local 94-94A 94B Training Fund is committed to providing eligible participants with essential training, skill enhancement, and safety education. The primary objective of this organization is to equip individuals with the necessary skills and knowledge to enhance their professional growth and ensure a safe working environment. This nonprofit organization prioritizes the development of its participants, recognizing the importance of continuous learning and safety awareness in various industries.
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Impact
August, 2024
The Commercial Employees - Local 94-94A 94B Training Fund has a significant impact on the workforce by providing training, skill improvement, and safety education to eligible participants. This helps individuals enhance their skills, stay up-to-date with industry standards, and ensure they can perform their jobs effectively and safely. By offering these opportunities, the fund contributes to a more skilled and competent workforce in the commercial sector.
This information is meant to be a general summary of Commercial Employees - Local 94-94A 94B Training 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: $339,905
- Program Service Revenue: $2,188,001
- Gross Receipts: $4,865,527
Assets and Liabilities:
- Total Assets: $9,162,540
- Total Liabilities: $366,238
- Net Assets: $8,796,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS CONTRIB.
Revenue
$2,106,701
TUITION FEES
Revenue
$81,300
Organization Details
Founding Year
1979
Phone
(212) 541-9880Principal Officer
William Faranda
Main Address
331-337 WEST 44TH STREET, NEW YORK, NY, 10036
NTEE Category
Code: J220 - Employment
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