Overview
What is Liuna Local 731 Training Fund?
Liuna Local 731 Training Fund is a collectively bargained, multi-employer organization situated in Astoria, New York. With a focus on employee development, the fund offers training, retraining, and educational benefits to the workforce of contributing employers and their dependents. Established through collective bargaining, the fund aims to enhance the skills and knowledge of its members, thereby contributing to their professional growth. The fund employs a total of 12 individuals, demonstrating its commitment to supporting the workforce in New York.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82%, Three-Star out of Four Star rating.
The Liuna Local 731 Training Fund has received a commendable rating of 82%, reflecting strong accountability and financial management. The overall score is based entirely on the Accountability & Finance beacon, indicating that the organization effectively manages its resources and operations. A significant highlight is the 100% independence of its board members, which speaks to the transparency and governance structure in place.
The organization demonstrates robust financial practices, with a perfect score in key areas such as the audit and oversight committee, financial statements, and a favorable liabilities to assets ratio. Additionally, the program expense ratio stands at an impressive 100%, suggesting that all expenses are directed towards its training programs, maximizing the impact of funds received.
However, while the organization excels in financial accountability, the rating does not provide insights into program outcomes or community impact. It is essential for potential supporters to consider both financial health and the effectiveness of the training programs when evaluating the overall contribution of the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Liuna Local 731 Training Fund legitimate?
Liuna Local 731 Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Liuna Local 731 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: $1,684,346
For more financial information, click here
What is the mission statement of Liuna Local 731 Training Fund?
The Liuna Local 731 Training Fund, through its collectively bargained multi-employer structure, offers training, retraining, and education benefits to the employees of contributing employers and their dependents. Its mission is centered around enhancing the skills and knowledge of these individuals, aiming to support their professional growth and development. By providing these benefits, the fund contributes to the overall improvement of the workforce, ultimately benefiting the contributing employers as well.
Who is the CEO of Liuna Local 731 Training Fund?
Dominic Valdner is the Union Truste of Liuna Local 731 Training Fund.
What is the revenue of Liuna Local 731 Training Fund?
Liuna Local 731 Training Fund's revenue in 2022 was $6,806,306.
Who are the executives of Liuna Local 731 Training Fund and what are their salaries?
The average compensation at Liuna Local 731 Training Fund during 2022 was $140,362. There are 12 employees at Liuna Local 731 Training Fund.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $358,573
- Other: $204,359
- Compensation: $0
- Related: $355,267
- Other: $201,821
- Compensation: $0
- Related: $352,184
- Other: $201,821
- Compensation: $226,156
- Related: $0
- Other: $101,254
- Compensation: $198,921
- Related: $0
- Other: $101,254
- Compensation: $198,721
- Related: $0
- Other: $101,254
- Compensation: $185,301
- Related: $0
- Other: $101,254
- Compensation: $178,676
- Related: $0
- Other: $101,254
- Compensation: $175,053
- Related: $0
- Other: $101,254
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Liuna Local 731 Training Fund?
Liuna Local 731 Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Liuna Local 731 Training Fund
Liuna Local 731 Training Fund is a collectively bargained multi-employer organization that serves a significant role in providing training, retraining, and education benefits for the employees of contributing employers and their dependents. Its mission is to ensure that these individuals have access to the necessary skills and knowledge necessary to excel in their respective fields. By doing so, the fund aims to contribute to the overall growth and development of the workforce and the communities they serve. Through its collective bargaining power, Liuna Local 731 Training Fund is able to negotiate and provide a wide range of training opportunities, ensuring that employees have the opportunity to advance their careers and enhance their skillsets. This, in turn, benefits the contributing employers by providing a more skilled and capable workforce, ultimately leading to increased productivity and competitiveness. In essence, Liuna Local 731 Training Fund plays a vital role in the continued education and development of its beneficiaries, thereby contributing to the overall prosperity of the workforce and the communities they serve.
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Impact
October, 2024
Liuna Local 731 Training Fund significantly enhances the skills and workforce readiness of employees across various contributing employers. By providing comprehensive training, retraining, and education benefits, the Fund equips workers with the tools they need to excel in their roles and adapt to the evolving demands of the job market.
This initiative not only benefits the employees but also enhances the productivity and competitiveness of the employers involved. The Fund's focus on both current workers and their dependents fosters a culture of continuous learning and career advancement within the community. By investing in education and skills training, Liuna Local 731 Training Fund plays a crucial role in ensuring a well-prepared workforce and contributing to economic growth in Astoria, NY, and beyond.
This information is meant to be a general summary of Liuna Local 731 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: $477,279
- Program Service Revenue: $6,319,076
- Gross Receipts: $8,510,512
Assets and Liabilities:
- Total Assets: $34,235,772
- Total Liabilities: $629,488
- Net Assets: $33,606,284
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$6,319,076
Organization Details
Founding Year
1996
Phone
(718) 752-9860Principal Officer
Dominic Valdner
Main Address
34-11 35TH AVENUE, ASTORIA, NY, 11106
NTEE Category
Code: J22 - Employment
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