Overview
What is Buffalo Laborers Training Fund?
The Buffalo Laborers Training Fund is a nonprofit organization situated in Cheektowaga, New York. Its primary mission is to offer vocational instruction to laborers, including apprentices, employed by contractors contributing to the fund. The training encompasses various courses such as hazardous waste removal, asbestos removal, CPR, OSHA 10 and OSHA 30, hoisting and rigging, and other relevant topics in the construction and heavy highway field. Successful participants receive certifications from the Department of Labor and the New York State Health Department. The training fund reportedly served approximately 700 participants, enhancing their skills and competencies in the laborers' field.
Official website here: www.laborers210benefits.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Buffalo Laborers Training Fund has received a solid Three-Star rating from Charity Navigator, reflecting a good level of accountability and finance management. The score is calculated entirely from the Accountability & Finance beacon, indicating a strong focus on transparency and ethical financial practices. The organization has scored particularly well in areas such as financial statements, conflict of interest policy, and the presence of a whistleblower policy, demonstrating its commitment to good governance.
Strengths of the organization include a robust audit process and a clear policy framework, contributing to its strong performance in financial oversight. The organization has effectively maintained no material diversion of assets and has a favorable liabilities to assets ratio. This suggests that the Buffalo Laborers Training Fund is well-managed and operates with care regarding its financial responsibilities.
However, the program expense ratio stands at 64.14%, which indicates that while a majority of the funding is directed towards programs, there may be room for improvement in this area. Overall, the organization's performance on financial accountability reflects positively, but stakeholders may wish to see an increase in the proportion of funds utilized directly for programmatic purposes.
This AI summary has been generated from information found on Charity Navigator.
Is Buffalo Laborers Training Fund legitimate?
Buffalo Laborers Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo Laborers 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: $185,727
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,507
For more financial information, click here
Official website here: www.laborers210benefits.com
What is the mission statement of Buffalo Laborers Training Fund?
The Buffalo Laborers Training Fund's mission is to offer formal vocational instruction to laborers and apprentices employed by contributing contractors. This training encompasses various safety and skill-based courses, including hazardous waste removal, asbestos removal, CPR, OSHA 10 and OSHA 30 courses, hoisting and rigging, and other relevant training in the construction and heavy highway field. Participants who successfully complete the courses and pass the necessary examinations receive certifications from the Department of Labor and the NYS Health Department.
Official website here: www.laborers210benefits.com
Who is the CEO of Buffalo Laborers Training Fund?
Thomas L Panek is the Fund Administrator of Buffalo Laborers Training Fund.
Official website here: www.laborers210benefits.com
What is the revenue of Buffalo Laborers Training Fund?
Buffalo Laborers Training Fund's revenue in 2023 was $782,339.
Official website here: www.laborers210benefits.com
Who are the executives of Buffalo Laborers Training Fund and what are their salaries?
The average compensation at Buffalo Laborers Training Fund during 2023 was $87,558. There are 4 employees at Buffalo Laborers Training Fund.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $133,400
- Other: $53,115
- Compensation: $94,749
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- Other: $84,201
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.laborers210benefits.com
Where can I find the form 990 for Buffalo Laborers Training Fund?
Buffalo Laborers Training Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.laborers210benefits.com
Learn more at the official website: www.laborers210benefits.com
Mission Statement of Buffalo Laborers Training Fund
The Buffalo Laborers Training Fund, as its name suggests, is dedicated to providing formal vocational instruction to laborers, including apprentices, who are employed by contractors contributing to the fund. Its mission is to equip these workers with essential skills, ensuring their safety and competence in various construction and heavy highway-related tasks. The training offered by the Buffalo Laborers Training Fund encompasses a wide range of courses, such as hazardous waste removal, asbestos removal, CPR, OSHA 10 and OSHA 30 courses, hoisting and rigging, and other relevant training for the laborers' field in construction and heavy highway.
Upon completing these courses and successfully passing any associated exams, participants receive certifications from the Department of Labor and the NYS Health Department. These certifications serve as tangible evidence of their newfound skills and knowledge, enhancing their employability and contributing to the overall safety and efficiency of the construction industry. By providing this comprehensive training program, the Buffalo Laborers Training Fund plays a vital role in promoting the professional development of its participants, thereby strengthening the workforce in the construction sector.
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Impact
October, 2024
The Buffalo Laborers Training Fund significantly enhances workforce readiness and safety among laborers in the construction and heavy highway sectors. By providing formal vocational instruction to approximately 700 participants, the training fund equips workers with essential skills and certifications such as hazardous waste removal, asbestos removal, CPR, OSHA 10 and OSHA 30 courses, and hoisting and rigging. This training ensures that laborers are not only knowledgeable about safety protocols but also compliant with industry regulations.
Participants receive valuable certifications from both the Department of Labor and the New York State Health Department, which increases their employability and enhances workplace safety standards. Through this training, the program fosters a more skilled labor force, contributing to safer job sites and improved overall efficiency in construction projects. The impact extends beyond individual participants to the broader community by promoting a culture of safety and professionalism in the labor sector.
This information is meant to be a general summary of Buffalo Laborers 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 2023.
- Investment Income: $20,783
- Program Service Revenue: $694,129
- Gross Receipts: $782,339
Assets and Liabilities:
- Total Assets: $1,035,751
- Total Liabilities: $7,840
- Net Assets: $1,027,911
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$691,750
PENALTY AND LATE FEES - EMPLOYERS
Revenue
$2,379
Organization Details
Founding Year
1973
Phone
(716) 894-8061Principal Officer
Thomas L Panek
Main Address
25 TYROL DRIVE - SUITE 200, CHEEKTOWAGA, NY, 14227
Website
www.laborers210benefits.comNTEE Category
Code: J22 - Employment
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