Overview
What is Local 147 Training Fund?
Local 147 Training Fund is a nonprofit organization situated in the Bronx, New York, specifically at 4332 Katonah Avenue. Its primary mission is to provide training and education to the members of Local 147, a construction worker union. Through conferences and educational classes, the fund aims to educate its members about various safety features on construction sites. This initiative is instrumental in ensuring the welfare and safety of the construction workers associated with Local 147. With a small team of just one employee, the Fund is dedicated to enhancing the skills and safety awareness of its members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (53%)
The Local 147 Training Fund has received a low rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is derived entirely from a single beacon score that reflects poor performance in various areas. Notably, the organization has no independent board members, which contributes to its low accountability rating.
While the Training Fund has shown strong program expense ratios, with nearly 86% of its expenditures directed towards programs, it lacks essential governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy raises red flags about its operational transparency. Furthermore, the organization's website is missing from its tax form, which diminishes accessibility to important information.
Overall, while the Local 147 Training Fund exhibits a commitment to program spending, the lack of independent oversight and critical governance frameworks suggests a need for substantial improvement in its accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Local 147 Training Fund legitimate?
Local 147 Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 147 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: $20,338
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Local 147 Training Fund?
The Local 147 Training Fund is committed to providing training and education to its construction worker members. This organization's mission is centered around conducting conferences and educational classes, with a focus on educating members about various safety features on the job. The objective is to enhance the skills and knowledge of the construction workers, thereby improving their work environment and overall safety.
Who is the CEO of Local 147 Training Fund?
Christopher Fitzsimmons is the Union Trustee of Local 147 Training Fund.
What is the revenue of Local 147 Training Fund?
Local 147 Training Fund's revenue in 2022 was $60,883.
Who are the executives of Local 147 Training Fund and what are their salaries?
The average compensation at Local 147 Training Fund during 2022 was $20,338. There is 1 employee at Local 147 Training Fund.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $258,245
- Other: $250,129
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $13,384
- Other: $6,455
- Compensation: $20,338
- Related: $400
- Other: $5,898
Where can I find the form 990 for Local 147 Training Fund?
Local 147 Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 147 Training Fund
The Local 147 Training Fund is committed to providing education and training to its members who are involved in construction work. Its primary goal is to ensure that these workers are equipped with the necessary skills and knowledge to perform their jobs safely and efficiently. To achieve this, the organization conducts conferences and educational classes, focusing on teaching all safety features relevant to the construction sector. By investing in the development of its members, the Local 147 Training Fund aims to contribute to a safer and more competent workforce within the construction industry.
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Impact
August, 2024
Local 147 Training Fund's impact is significant in equipping members of Local 147 construction workers with the necessary skills and knowledge to enhance workplace safety and job performance. Through conferences and educational classes, the training fund plays a crucial role in educating members about safety features on the job, thereby reducing workplace accidents and promoting a culture of safety within the construction industry. This not only benefits the individual workers by increasing their expertise but also contributes to the overall safety and efficiency of construction projects in the Bronx, NY area.
This information is meant to be a general summary of Local 147 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: $25,318
- Program Service Revenue: $35,565
- Gross Receipts: $60,883
Assets and Liabilities:
- Total Assets: $1,406,701
- Total Liabilities: $9,911
- Net Assets: $1,396,790
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS CONTRIBUTION
Revenue
$35,565
Organization Details
Founding Year
2000
Phone
(718) 994-6664Principal Officer
Christopher Fitzsimmons
Main Address
4332 KATONAH AVENUE, BRONX, NY, 10470
NTEE Category
Code: B60 - Education
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