Overview
What is Central New York Electrical Training Alliance?
The Central New York Electrical Training Alliance is a nonprofit organization situated in Clay, New York, specifically at 4566 Waterhouse Road. Its primary purpose is to offer financial support for the education and training of apprentices and established union members engaged in the electrical trade within the Central New York region. This support extends to ongoing education as well, ensuring that these professionals remain updated with the latest advancements in their field. The organization employs a team of 20 individuals, committed to fostering professional growth and excellence in the electrical trade.
Official website here: www.cnyjatc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Central New York Electrical Training Alliance has achieved a Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With an overall score of 88%, the organization demonstrates solid financial management principles, including a high program expense ratio of 81.39%, indicating that a significant portion of its resources is directed towards its mission-driven programs.
Strengths of the organization include a well-structured independent board and comprehensive financial audits, earning top scores in those respective categories. The presence of various policies—such as conflict of interest and whistleblower policies—also highlights the organization’s commitment to transparency and ethical governance.
However, one noted limitation is the lack of majority independent board members, which could affect the objectivity of governance. Additionally, the organization did not post its tax form on its website, which could hinder transparency. Overall, while the Central New York Electrical Training Alliance shows strong accountability practices, addressing these areas could enhance its overall rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Central New York Electrical Training Alliance legitimate?
Central New York Electrical Training Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central New York Electrical Training Alliance 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: $163,775
Professional Fundraising Fees: $0
Other Salaries and Wages: $331,479
For more financial information, click here
Official website here: www.cnyjatc.org
What is the mission statement of Central New York Electrical Training Alliance?
The Central New York Electrical Training Alliance was established with a mission to provide financial support for the training of apprentices and continuing education for established union members working in the electrical trade within their region. This organization is dedicated to fostering the professional development of its members, aiming to enhance their skills and knowledge in the electrical field. They strive to equip these individuals with the necessary tools to excel in their careers, ultimately contributing to the growth and success of the electrical trade industry.
Official website here: www.cnyjatc.org
Who is the CEO of Central New York Electrical Training Alliance?
Joseph Lormand is the Chairman of Central New York Electrical Training Alliance.
Official website here: www.cnyjatc.org
What is the revenue of Central New York Electrical Training Alliance?
Central New York Electrical Training Alliance's revenue in 2022 was $2,175,054.
Official website here: www.cnyjatc.org
Who are the executives of Central New York Electrical Training Alliance and what are their salaries?
The average compensation at Central New York Electrical Training Alliance during 2022 was $24,763. There are 20 employees at Central New York Electrical Training Alliance.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $121,660
- Other: $74,344
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $132,934
- Other: $74,344
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $95,558
- Related: $75
- Other: $58,802
- Compensation: $13,405
- Related: $225
- Other: $0
Official website here: www.cnyjatc.org
Where can I find the form 990 for Central New York Electrical Training Alliance?
Central New York Electrical Training Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cnyjatc.org
Learn more at the official website: www.cnyjatc.org
Mission Statement of Central New York Electrical Training Alliance
The Central New York Electrical Training Alliance, a notable organization, was established with the primary objective of funding the education and training of apprentices, as well as providing continuing education opportunities, for union members engaged in the electrical trade within the Central New York area. This nonprofit is committed to ensuring the professional growth and development of its members, thereby strengthening the electrical trade industry as a whole. By offering comprehensive training programs, the Alliance empowers its members with the necessary skills and knowledge to excel in their respective roles, thereby contributing positively to their careers and the community at large.
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Impact
October, 2024
The Central New York Electrical Training Alliance significantly enhances the electrical trade by providing vital funding for the training of apprentices and the continued education of established union members in the Central New York area. This initiative fosters a skilled workforce, ensuring that apprentices gain the necessary competencies to succeed and that seasoned professionals maintain up-to-date knowledge in an evolving industry. By investing in training and education, the alliance contributes to job readiness and creates opportunities for career advancement, ultimately boosting the local economy and ensuring the reliability and safety of electrical services in the community.
This information is meant to be a general summary of Central New York Electrical Training Alliance. 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: $20,680
- Program Service Revenue: $2,110,322
- Gross Receipts: $2,175,054
Assets and Liabilities:
- Total Assets: $2,598,374
- Total Liabilities: $88,417
- Net Assets: $2,509,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,827,934
SLA INCOME
Revenue
$148,863
TEXTBOOK SALES
Revenue
$133,525
Organization Details
Founding Year
1995
Phone
(315) 546-0221Principal Officer
Joseph Lormand
Main Address
4566 WATERHOUSE ROAD, CLAY, NY, 13041
Website
www.cnyjatc.orgNTEE Category
Code: J22Z - Employment
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