Overview
What is Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd?
Operating Engineers Local No 825 Apprenticeship Training & Retraining Fund is a nonprofit organization situated in Springfield, New Jersey. The primary focus of this organization is to offer comprehensive training programs for apprentices and participants. Located at 65 Springfield Avenue, Second Floor, they provide a conducive learning environment to hone the skills of aspiring individuals in their respective fields. With a team of 40 dedicated professionals, their mission revolves around equipping trainees with the necessary knowledge and practical skills to excel in their chosen careers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Operating Engineers Local No 825 Apprenticeship Training & Retraining Fund has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization demonstrates robust governance practices, with a fully independent board of directors and effective oversight mechanisms in place. Its financial statements are audited, and there is no indication of any material diversion of assets, which adds to its credibility.
The fund has a high program expense ratio of 75.16%, indicating that a significant portion of its resources is directed towards its core mission of training and retraining apprentices. This commitment to programmatic spending is essential for ensuring that funds are used effectively to support workforce development in the operating engineering field.
Despite its strengths, the organization's financial practices and governance are consistent with best practices in the nonprofit sector, allowing it to maintain a solid reputation. Overall, the Operating Engineers Local No 825 Apprenticeship Training & Retraining Fund is positioned as a trustworthy entity focused on enhancing the skills and employability of its members.
This AI summary has been generated from information found on Charity Navigator.
Is Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd legitimate?
Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd 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: $259,644
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,550,901
For more financial information, click here
What is the mission statement of Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd?
The Operating Engineers Local No 825 Apprenticeship Training & Retraining Fund is dedicated to providing comprehensive training for apprentices and participants. Their mission is to equip individuals with the necessary skills and knowledge through various training programs. By offering these educational opportunities, they aim to contribute to the development of a skilled workforce within the industry. The organization's activities primarily revolve around the creation and delivery of these training programs, ensuring that both apprentices and participants are well-prepared for their roles.
Who is the CEO of Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd?
Christine Medich is the Union Trustee, Co-Chairman of Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd.
What is the revenue of Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd?
Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd's revenue in 2022 was $8,761,018.
Who are the executives of Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd and what are their salaries?
The average compensation at Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd during 2022 was $95,264. There are 40 employees at Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd.
Here are 15 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $24,364
- Related: $0
- Other: $2,287
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $233,530
- Other: $61,543
- Compensation: $194,745
- Related: $0
- Other: $64,899
- Compensation: $151,219
- Related: $0
- Other: $61,126
- Compensation: $175,332
- Related: $0
- Other: $64,227
- Compensation: $185,264
- Related: $0
- Other: $65,393
- Compensation: $153,509
- Related: $0
- Other: $61,151
- Compensation: $155,350
- Related: $0
- Other: $61,518
Where can I find the form 990 for Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd?
Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd
Operating Engineers Local No 825 Apprenticeship Training & Retraining Fund is committed to delivering educational programs aimed at equipping apprentices and participants with necessary skills. Its primary mission is to offer training opportunities, serving as a platform for individuals to acquire the knowledge and abilities required in their respective fields. By providing these training programs, the fund aims to empower the trainees, enabling them to contribute positively to their respective industries. The organization's dedication to education and skill development is a testament to its commitment to fostering growth and development within the community.
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Impact
October, 2024
Operating Engineers Local No 825 Apprenticeship Training & Retraining Fund plays a crucial role in shaping the workforce within the construction and engineering sectors. By providing comprehensive training programs for apprentices and participants, it equips individuals with the essential skills and knowledge necessary for operating heavy machinery and maintaining safety standards on job sites.
The impact of this training program is multifaceted. First, it enhances the employability of participants, giving them the technical expertise that employers seek. As a result, it contributes to a more skilled workforce in the industry.
Additionally, the training promotes safety and efficiency in operations, reducing the likelihood of accidents and improving overall productivity. By preparing workers for the demands of the job, the program supports economic growth and sustainability in the construction sector.
Moreover, it fosters a culture of ongoing education and development, which is vital in a rapidly changing industry. This commitment to training ensures that participants remain competitive and can adapt to new technologies and techniques over time.
In summary, the impact of Operating Engineers Local No 825 Apprenticeship Training & Retraining Fund extends beyond individual participants, influencing the entire industry by cultivating a highly skilled, safety-conscious workforce.
This information is meant to be a general summary of Operating Engineers Local No 825 Apprenticeship Training & Retraining Fd. 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: $81,586
- Program Service Revenue: $8,354,828
- Gross Receipts: $19,010,200
Assets and Liabilities:
- Total Assets: $21,649,166
- Total Liabilities: $515,933
- Net Assets: $21,133,233
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$8,314,391
RENTAL INCOME FROM AFFILIATES
Revenue
$40,437
Organization Details
Founding Year
1966
Phone
(973) 921-1661Principal Officer
Christine Medich
Main Address
65 SPRINGFIELD AVENUE SECOND FLOOR, SPRINGFIELD, NJ, 07081
NTEE Category
Code: J22 - Employment
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