Overview
What is Qualified Elevator Inspector Training Fund?
The Qualified Elevator Inspector Training Fund is a nonprofit organization situated in Columbia, Maryland, specifically at 7154 Columbia Gateway Drive. Its primary mission is to offer an educational and training program for eligible beneficiaries, aiming to certify qualified elevator inspectors. By providing this service, the fund contributes to ensuring the safety and maintenance of elevators, ultimately promoting public safety.
Official website here: www.qeitf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 41%, Zero-Star out of Four Stars
The Qualified Elevator Inspector Training Fund has received a low rating of 41%, which indicates significant issues in its accountability and financial management practices. The overall score is derived solely from the Accountability & Finance category, with no points awarded in key areas like independent board size and program expense ratio. This suggests that while the organization meets some basic governance standards, it lacks effective financial oversight and transparency.
The charity has strengths in certain governance aspects, such as having a majority of independent board members and a solid audit process. However, critical shortcomings include the absence of crucial policies like conflict of interest and whistleblower protection. This raises concerns about the organization's commitment to ethical practices and transparency, which are vital for donor trust and effective operations.
Additionally, the organization shows a concerningly low program expense ratio of 12.84%, which means a significant portion of its funds may not be directed towards its stated mission. This factor, combined with the low liabilities to assets ratio, highlights potential financial sustainability issues that could impact its operations and effectiveness in fulfilling its charitable goals.
This AI summary has been generated from information found on Charity Navigator.
Is Qualified Elevator Inspector Training Fund legitimate?
Qualified Elevator Inspector Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Qualified Elevator Inspector 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.qeitf.org
What is the mission statement of Qualified Elevator Inspector Training Fund?
The Qualified Elevator Inspector Training Fund's primary mission is to offer an educational and training program to eligible beneficiaries. The objective is to certify qualified elevator inspectors. By providing this program, the fund aims to ensure the safety and maintenance of elevators, thereby promoting public safety and confidence in elevator systems. The training program is designed to equip individuals with the necessary skills and knowledge to effectively inspect and maintain elevators, contributing to the overall safety and reliability of elevators in various settings.
Official website here: www.qeitf.org
Who is the CEO of Qualified Elevator Inspector Training Fund?
R Allen Spears is the Director of Qualified Elevator Inspector Training Fund.
Official website here: www.qeitf.org
What is the revenue of Qualified Elevator Inspector Training Fund?
Qualified Elevator Inspector Training Fund's revenue in 2022 was $1,665,946.
Official website here: www.qeitf.org
Who are the executives of Qualified Elevator Inspector Training Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.qeitf.org
Where can I find the form 990 for Qualified Elevator Inspector Training Fund?
Qualified Elevator Inspector Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.qeitf.org
Learn more at the official website: www.qeitf.org
Mission Statement of Qualified Elevator Inspector Training Fund
The Qualified Elevator Inspector Training Fund is committed to offering an educational and training program aimed at qualifying eligible beneficiaries to become certified elevator inspectors. This mission is crucial in ensuring the safety and maintenance of elevators in various settings. The fund provides a comprehensive program that equips individuals with the necessary skills and knowledge to carry out thorough inspections, ensuring the reliability and functionality of elevators. By certifying qualified elevator inspectors, the Fund contributes to the overall safety and well-being of building occupants, reducing the risk of accidents and promoting a secure environment.
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Impact
October, 2024
The Qualified Elevator Inspector Training Fund significantly impacts the elevator inspection industry by offering a comprehensive education and training program aimed at certifying qualified elevator inspectors. By focusing on professional development, the fund enhances the skills and knowledge of eligible beneficiaries, ensuring they meet industry standards. This investment in training not only elevates individual careers but also improves public safety and compliance within the elevator sector, contributing to a safer built environment. The program plays a crucial role in addressing the ongoing need for skilled professionals equipped to uphold the necessary regulations and standards in elevator operation and maintenance.
This information is meant to be a general summary of Qualified Elevator Inspector 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.
- Program Service Revenue: $165,946
- Gross Receipts: $1,665,946
Assets and Liabilities:
- Total Assets: $593,395
- Total Liabilities: $74,157
- Net Assets: $519,238
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CERTIFICATION FEES
Revenue
$112,615
CONTINUING ED FEE
Revenue
$53,331
Organization Details
Founding Year
2006
Phone
(888) 511-3113Principal Officer
R Allen Spears
Main Address
7154 COLUMBIA GATEWAY DRIVE, COLUMBIA, MD, 21046
Website
www.qeitf.orgNTEE Category
Code: B30 - Education
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