Overview
What is Local 103 Ibew Educational Corp?
Local 103 IBEW Educational Corp is a nonprofit organization situated in Dorchester, Massachusetts. Its primary mission is to offer educational courses to the members of Local 103, an electrical and telecommunication industry union known as IBEW. The nonprofit operates a state-of-the-art training facility, where union members can enhance and maintain their trade skills. The organization's activities aim to improve the members' expertise in the electrical and telecommunication sectors, ensuring they remain competitive and up-to-date in their respective fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Local 103 Ibew Educational Corp has received a commendable Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is derived solely from its accountability and finance practices, which have been rated at 86%. This indicates a solid commitment to transparency and responsible financial management.
The organization showcases exemplary governance with 100% of its board members being independent, ensuring unbiased decision-making. Additionally, the financial statements have been audited successfully, and there are no reported issues regarding the diversion of assets. The charity maintains comprehensive document retention policies and keeps detailed minutes of board meetings, further highlighting its commitment to accountability.
One of the strengths of Local 103 Ibew Educational Corp is its high program expense ratio of 90.79%, meaning that a significant portion of its resources is directed toward its programs rather than administrative costs. However, while the organization shows strong scores in various financial metrics, continuous monitoring and improvement in governance and program impact could further enhance its reputation and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Local 103 Ibew Educational Corp legitimate?
Local 103 Ibew Educational Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 103 Ibew Educational Corp 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
What is the mission statement of Local 103 Ibew Educational Corp?
Local 103 IBEW Educational Corp operates a state-of-the-art training facility to support the members of Local 103 IBEW in maintaining and enhancing their skills in the electrical and telecommunication industries. The corporation's primary mission is to provide educational courses that enable these professionals to stay updated and excel in their respective fields. By offering these opportunities, Local 103 IBEW Educational Corp aims to empower its members to uphold the high standards of their trade and contribute effectively to their industry. The corporation's efforts contribute to the continued growth and success of the electrical and telecommunication sectors, ultimately benefiting society as a whole.
Who is the CEO of Local 103 Ibew Educational Corp?
Kevin W Monahan is the Treasurer of Local 103 Ibew Educational Corp.
What is the revenue of Local 103 Ibew Educational Corp?
Local 103 Ibew Educational Corp's revenue in 2022 was $1,390,293.
Who are the executives of Local 103 Ibew Educational Corp and what are their salaries?
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $251,596
- Other: $63,304
- Compensation: $0
- Related: $189,247
- Other: $64,731
- Compensation: $0
- Related: $187,929
- Other: $64,731
- Compensation: $0
- Related: $187,413
- Other: $64,731
- Compensation: $0
- Related: $33,719
- Other: $18,004
- Compensation: $0
- Related: $19,871
- Other: $9,585
- Compensation: $0
- Related: $20,727
- Other: $9,968
- Compensation: $0
- Related: $12,005
- Other: $5,763
- Compensation: $0
- Related: $9,491
- Other: $3,587
- Compensation: $0
- Related: $8,720
- Other: $1,802
- Compensation: $0
- Related: $13,172
- Other: $5,934
- Compensation: $0
- Related: $191,912
- Other: $64,696
- Compensation: $0
- Related: $181,910
- Other: $64,731
- Compensation: $0
- Related: $181,910
- Other: $64,731
- Compensation: $0
- Related: $181,910
- Other: $64,731
- Compensation: $0
- Related: $182,660
- Other: $64,731
- Compensation: $0
- Related: $181,910
- Other: $64,731
Where can I find the form 990 for Local 103 Ibew Educational Corp?
Local 103 Ibew Educational Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 103 Ibew Educational Corp
Local 103 IBEW Educational Corp, a renowned organization, is committed to providing a state-of-the-art training facility for its members, hailing from the Local 103 IBEW, in the electrical and telecommunication industry. The primary mission of this nonprofit entity is to help its members maintain and enhance their trade skills. Through a comprehensive range of educational courses, Local 103 IBEW Educational Corp empowers its members to improve their proficiency in their respective fields, ensuring they remain competent and updated in the constantly evolving electrical and telecommunication industries. By offering these educational opportunities, the organization plays a significant role in fostering professional growth and development among its members, ultimately contributing to the overall strength and success of the industry.
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Impact
October, 2024
Local 103 IBEW Educational Corp significantly enhances the skillset of its members in the electrical and telecommunication fields through its state-of-the-art training facilities. By offering targeted educational courses, it empowers members to maintain and improve their trade skills, ensuring they stay competitive in a rapidly evolving industry. This ongoing professional development not only fosters personal growth but also contributes to higher standards of safety, efficiency, and innovation in electrical and telecommunications work. The organization plays a pivotal role in cultivating a well-trained workforce that meets the demands of contemporary infrastructure and technology. Additionally, its focus on education strengthens the overall community by ensuring skilled professionals are available to tackle local projects and challenges effectively.
This information is meant to be a general summary of Local 103 Ibew Educational Corp. 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: $577
- Gross Receipts: $1,390,293
Assets and Liabilities:
- Total Assets: $15,229,324
- Total Liabilities: $3,731,301
- Net Assets: $11,498,023
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Organization Details
Founding Year
1989
Phone
(617) 436-5150Principal Officer
Kevin W Monahan
Main Address
194 FREEPORT STREET, DORCHESTER, MA, 02122
NTEE Category
Code: B00 - Education
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