Overview
What is Finishing Trades Institute Of New York?
Finishing Trades Institute of New York is a nonprofit organization, located at 45 WEST 14TH STREET, NEW YORK, NY 10011. Their primary mission is to offer training and instruction to approximately 7,700 apprentice and journey-person members in the painting and allied trades, which are covered under various collective bargaining agreements with District Council 9, IUPAT. The institute plays a crucial role in equipping its members with the necessary skills, contributing to the growth and development of the respective trades within the region. The organization is staffed by a team of 40 individuals.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
The Finishing Trades Institute Of New York has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial transparency. With a score of 94% in the Accountability & Finance category, the organization demonstrates strong governance practices, including a majority of independent board members and robust financial oversight.
Strengths of the institute include its well-structured policies, such as a conflict of interest policy and whistleblower policy, both of which contribute to a trustworthy operational framework. The institute also maintains a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs.
Despite these strengths, the summary does not highlight any specific limitations or areas for improvement, suggesting that the organization is currently operating at a high standard within the nonprofit sector. Overall, the Finishing Trades Institute Of New York appears to be a reliable and effective organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Finishing Trades Institute Of New York legitimate?
Finishing Trades Institute Of New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finishing Trades Institute Of New York 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: $312,038
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,483,611
For more financial information, click here
What is the mission statement of Finishing Trades Institute Of New York?
The Finishing Trades Institute of New York is committed to providing training and instruction for approximately 7,700 apprentice and journeyperson members in the painting and allied trades. This is undertaken under various collective bargaining agreements with District Council 9, IUPAT. The primary goal is to equip these members with the necessary skills and knowledge to excel in their respective trades. The institute serves as a vital platform for fostering professional growth and development within the industry.
Who is the CEO of Finishing Trades Institute Of New York?
Joseph Azzopardi is the Employer Trustee of Finishing Trades Institute Of New York.
What is the revenue of Finishing Trades Institute Of New York?
Finishing Trades Institute Of New York's revenue in 2022 was $2,771,965.
Who are the executives of Finishing Trades Institute Of New York and what are their salaries?
The average compensation at Finishing Trades Institute Of New York during 2022 was $44,891. There are 40 employees at Finishing Trades Institute Of New York.
Here are 33 key members and their salaries:
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- Other: $114,965
Where can I find the form 990 for Finishing Trades Institute Of New York?
Finishing Trades Institute Of New York's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Finishing Trades Institute Of New York
The Finishing Trades Institute of New York is committed to providing comprehensive training and instruction for approximately 7,700 apprentice and journeyperson members in the field of painting and allied trades. This is carried out under various collective bargaining agreements with District Council 9, IUPAT. The organization's mission is to equip these individuals with the necessary skills and knowledge to excel in their respective trades, ensuring they remain competitive and up-to-date with industry standards. By doing so, the Finishing Trades Institute of New York contributes to the continuous development of the painting and allied trades sector, fostering a workforce that is well-equipped to handle the evolving demands of the industry.
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Impact
October, 2024
The Finishing Trades Institute of New York plays a pivotal role in developing a skilled workforce in the painting and allied trades. By providing comprehensive training and instruction to approximately 7,700 apprentice and journeyperson members, it enhances the professional capabilities of individuals within this sector. This training programs are aligned with various collective bargaining agreements, ensuring that participants not only gain technical skills but also understand industry standards and practices.
The Institute's impact extends beyond individual skill development; it contributes to the overall quality and safety in the construction and finishing trades. By equipping workers with the necessary skills and knowledge, the Finishing Trades Institute helps to elevate industry standards, promote best practices, and ensure competitive performance in the marketplace.
Furthermore, the Institute fosters economic growth within the community by preparing a workforce that meets the demands of employers. This strengthens the labor market and provides members with valuable opportunities for advancement in their careers. Overall, the Finishing Trades Institute of New York is instrumental in shaping the future of the painting and allied trades, benefiting its members and the broader industry as a whole.
This information is meant to be a general summary of Finishing Trades Institute Of New York. 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: $11,664
- Program Service Revenue: $2,602,180
- Gross Receipts: $2,771,965
Assets and Liabilities:
- Total Assets: $26,019,535
- Total Liabilities: $11,543,328
- Net Assets: $14,476,207
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,566,824
IUPAT-FTI REIMBURSEMEN
Revenue
$35,356
Organization Details
Founding Year
1993
Phone
(212) 255-2950Principal Officer
Joseph Azzopardi
Main Address
45 WEST 14TH STREET, NEW YORK, NY, 10011
NTEE Category
Code: B30 - Education
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