Overview
What is The Edward J Malloy Initiative For Construction Skills Inc?
The Edward J Malloy Initiative for Construction Skills is a nonprofit organization committed to bridging the gap between students and potential careers in the construction industry. Through pre-apprenticeship programs, they strive to equip students with the necessary skills and knowledge, ultimately preparing them for apprenticeship opportunities within this sector. The organization's goal is to broaden the horizons of young individuals, offering them a pathway towards a rewarding and stable career in construction.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Edward J Malloy Initiative For Construction Skills Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The charity's overall score is entirely based on its impressive accountability and finance metrics, demonstrating effective management and transparency in its operations.
With an independent board consisting of 12 members and a perfect score in conflict of interest and whistleblower policies, the organization emphasizes ethical governance. It also maintains a solid program expense ratio of 84.61%, indicating that the majority of its expenditures are directed towards its mission activities rather than administrative costs.
One notable strength is the absence of any material diversion of assets, alongside robust financial statements and oversight practices. However, while the organization excels in financial accountability, further insights into its programmatic effectiveness and impact on the community served could enhance its overall profile.
This AI summary has been generated from information found on Charity Navigator.
Is The Edward J Malloy Initiative For Construction Skills Inc legitimate?
The Edward J Malloy Initiative For Construction Skills Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Edward J Malloy Initiative For Construction Skills Inc 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: $159,511
Professional Fundraising Fees: $0
Other Salaries and Wages: $169,469
For more financial information, click here
What is the mission statement of The Edward J Malloy Initiative For Construction Skills Inc?
The Edward J Malloy Initiative for Construction Skills strives to increase student exposure to potential careers in the building and construction sectors by implementing pre-apprenticeship programs. The organization's objectives include readying students for apprenticeships within the industry. In essence, its mission is to provide a platform that encourages and equips students with the necessary skills and knowledge for successful careers in construction.
Who is the CEO of The Edward J Malloy Initiative For Construction Skills Inc?
Gary Labarbera is the President And Ceo of The Edward J Malloy Initiative For Construction Skills Inc. The CEO's salary of The Edward J Malloy Initiative For Construction Skills Inc is $0 and their total compensation is $0.
What is the revenue of The Edward J Malloy Initiative For Construction Skills Inc?
The Edward J Malloy Initiative For Construction Skills Inc's revenue in 2022 was $1,285,466.
Who are the executives of The Edward J Malloy Initiative For Construction Skills Inc and what are their salaries?
The average compensation at The Edward J Malloy Initiative For Construction Skills Inc during 2022 was $109,660. There are 3 employees at The Edward J Malloy Initiative For Construction Skills Inc.
Here are 13 key members and their salaries (The Edward J Malloy Initiative For Construction Skills Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $159,511
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- Other: $80,940
Where can I find the form 990 for The Edward J Malloy Initiative For Construction Skills Inc?
The Edward J Malloy Initiative For Construction Skills Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Edward J Malloy Initiative For Construction Skills Inc
The Edward J Malloy Initiative For Construction Skills Inc is a nonprofit organization with a mission to enlighten students about potential career paths within the building and construction industries. They accomplish this goal through their pre-apprenticeship programs. By engaging with this organization, students are equipped to thrive in apprenticeship programs, ultimately setting them on a path towards successful careers in the construction sector. The Edward J Malloy Initiative For Construction Skills Inc's activities are focused on fulfilling its exempt purpose, which is to prepare students for future opportunities in the construction industry.
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Impact
October, 2024
The Edward J Malloy Initiative for Construction Skills Inc significantly impacts students by providing pre-apprenticeship programs that enhance their exposure to career opportunities in the building and construction industries. By equipping students with the skills and knowledge necessary to pursue apprenticeship programs, the initiative plays a vital role in preparing the next generation of skilled workers. This foundational training not only opens pathways for career development but also contributes to addressing the labor needs of the construction sector. Through its efforts, the initiative fosters a more informed and prepared workforce, ultimately benefiting both students and the industry as a whole.
This information is meant to be a general summary of The Edward J Malloy Initiative For Construction Skills Inc. 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.
- Gross Receipts: $1,329,562
Assets and Liabilities:
- Total Assets: $2,149,206
- Total Liabilities: $224,568
- Net Assets: $1,924,638
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Organization Details
Founding Year
1999
Phone
(212) 647-0700Principal Officer
Gary Labarbera
Main Address
350 WEST 31ST STRETT SUITE 700, NEW YORK, NY, 10001
NTEE Category
Code: B30 - Education
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