Overview
What is Construction Industry Education Foundation Inc?
Construction Industry Education Foundation Inc is a nonprofit organization committed to fostering educational growth and opportunities within the construction sector. They offer scholarships and recognition awards to individuals either entering or already employed in this industry. Their mission revolves around providing essential training, aiming to equip and empower the construction workforce, thereby contributing to the industry's development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating. This rating indicates significant concerns regarding the organization's accountability and financial health. While it has strengths such as a fully independent board and no material diversion of assets, the overall score suggests room for improvement in various financial practices.
The Construction Industry Education Foundation Inc has demonstrated positive governance practices, including an independent board that meets all criteria for independence and size. However, it falls short in crucial areas such as transparency and policy documentation. The absence of important policies like conflict of interest and whistleblower protections raises questions about the organization's operational integrity.
Financially, the program expense ratio is lower than ideal, with only 57.21% of its expenses directed towards programs, which highlights a potential inefficiency in utilizing funds for its intended purpose. Additionally, the missing tax form on the nonprofit's website contributes to a lack of transparency. Overall, while the organization has a solid governance structure, it needs to address its financial management and policy compliance to enhance trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Construction Industry Education Foundation Inc legitimate?
Construction Industry Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Construction Industry Education Foundation 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.
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What is the mission statement of Construction Industry Education Foundation Inc?
The Construction Industry Education Foundation Inc is committed to providing educational training and opportunities for individuals aiming to join the construction industry and those currently employed within it. Their mission is to empower these individuals through various educational programs and opportunities, such as scholarships and craftsman awards. The foundation's goal is to contribute to the overall development of the construction industry by nurturing and supporting its workforce.
Who is the CEO of Construction Industry Education Foundation Inc?
Joseph Benedict is the Director of Construction Industry Education Foundation Inc.
What is the revenue of Construction Industry Education Foundation Inc?
Construction Industry Education Foundation Inc's revenue in 2022 was $81,206.
Who are the executives of Construction Industry Education Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Construction Industry Education Foundation Inc?
Construction Industry Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Construction Industry Education Foundation Inc
The Construction Industry Education Foundation Inc is dedicated to providing educational training and opportunities for individuals who are either preparing to join or are already employed in the construction industry. The organization's mission is to foster growth and development within this sector by offering a range of educational resources and opportunities. By doing so, the Construction Industry Education Foundation Inc aims to equip individuals with the necessary skills and knowledge to thrive in the construction industry. This is achieved through the provision of scholarships and craftsmen awards, which serve as incentives for individuals to pursue a career in construction and to recognize and reward excellence within the industry.
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Impact
October, 2024
Construction Industry Education Foundation Inc significantly impacts individuals and communities by providing essential educational training and opportunities for both aspiring and current workers in the construction industry. Through its programs, the foundation equips individuals with the skills and knowledge necessary to succeed in this vital sector, enhancing their employability and career prospects.
The foundation also offers scholarships and craftsmen awards, supporting individuals in overcoming financial barriers to education and professional development. By fostering a skilled workforce, the foundation contributes to the overall growth and sustainability of the construction industry in Buffalo, NY, and beyond. This commitment not only benefits participants but also strengthens the local economy, ensuring a steady supply of qualified professionals to meet industry demands.
This information is meant to be a general summary of Construction Industry Education Foundation 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.
- Investment Income: $28,554
- Gross Receipts: $176,125
Assets and Liabilities:
- Total Assets: $663,165
- Total Liabilities: $0
- Net Assets: $663,165
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Organization Details
Founding Year
1998
Phone
(716) 874-4744Principal Officer
Joseph Benedict
Main Address
2660 WILLIAM STREET, BUFFALO, NY, 14227
NTEE Category
Code: P20 - Human services
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