Pipefitters Local Union No 274 Education Fund

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 226092927 ✦ Hopatcong, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Pipefitters Local Union No 274 Education Fund?

Pipefitters Local Union No 274 Education Fund is a small nonprofit organization situated in Hopatcong, New Jersey, with a specific focus on offering pipefitting training and continuous education to eligible apprentices and journeymen associated with Pipefitters Local 274. This educational fund operates under a trust agreement between the Mechanical Contractors Association and Pipefitters Local 274. The primary mission of this organization is to equip and empower its participants with the necessary skills and knowledge through comprehensive apprenticeship training programs and ongoing educational opportunities.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 82% - Three-Star out of Four Stars

Pipefitters Local Union No 274 Education Fund has received a solid rating of 82%, reflecting strong accountability and financial practices. The rating is derived entirely from its performance in the Accountability & Finance category, indicating a commitment to transparency and effective governance. The majority of the board members are independent, which enhances the organization’s credibility and reduces potential conflicts of interest.

The organization scored particularly well in several key areas, such as having an independent board, thorough financial oversight, and a strong program expense ratio of 86.34%. This demonstrates that a significant portion of its resources is directed towards its educational mission rather than administrative costs. Additionally, the absence of any material diversion of assets further underscores its financial integrity.

Despite its strengths, the overall score being based solely on Accountability & Finance may indicate limited insight into other operational dimensions, such as program effectiveness or community impact. Nevertheless, the organization maintains a commendable financial standing and governance structure, which reflects positively on its overall mission.


This AI summary has been generated from information found on Charity Navigator.

Is Pipefitters Local Union No 274 Education Fund legitimate?

Pipefitters Local Union No 274 Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pipefitters Local Union No 274 Education 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: $274,614

For more financial information, click here

What is the mission statement of Pipefitters Local Union No 274 Education Fund?

The mission of Pipefitters Local Union No 274 Education Fund is centered around providing high-quality apprenticeship training and ongoing education opportunities for eligible journeymen. This non-profit organization is dedicated to equipping these professionals with the necessary skills and knowledge to excel in their field, thereby contributing to the pipefitting industry's growth and development. The fund's activities are designed to enhance the capabilities of journeymen, thereby fostering their career advancement and long-term success.

Who is the CEO of Pipefitters Local Union No 274 Education Fund?

Warren Stella is the Trustee of Pipefitters Local Union No 274 Education Fund.

What is the revenue of Pipefitters Local Union No 274 Education Fund?

Pipefitters Local Union No 274 Education Fund's revenue in 2022 was $977,321.

Who are the executives of Pipefitters Local Union No 274 Education Fund and what are their salaries?

The average compensation at Pipefitters Local Union No 274 Education Fund during 2022 was $137,307. There are 2 employees at Pipefitters Local Union No 274 Education Fund.


Here are 10 key members and their salaries:


Warren Stella (Trustee)
  • Compensation: $0
  • Related: $164,091
  • Other: $120,734
Edward Driscoll (Trustee)
  • Compensation: $0
  • Related: $166,295
  • Other: $118,333
Michael Stiles (Trustee)
  • Compensation: $0
  • Related: $137,085
  • Other: $92,064
Doanld Bryne (Coordinator)
  • Compensation: $144,309
  • Related: $0
  • Other: $79,935
Daniel Fanuel (Instructor)
  • Compensation: $130,307
  • Related: $0
  • Other: $79,935
Chester Rozmus (Trustee)
  • Compensation: $0
  • Related: $44,391
  • Other: $32,791
Daniel Mcleavey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Petillo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Durr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Armistead (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Pipefitters Local Union No 274 Education Fund?

Pipefitters Local Union No 274 Education Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Pipefitters Local Union No 274 Education Fund

Pipefitters Local Union No 274 Education Fund is dedicated to delivering comprehensive apprenticeship training and ongoing education for eligible journeymen. This nonprofit organization, as outlined in its mission statement, focuses on providing these vital resources to ensure the continuous development of skilled pipefitters. By offering these programs, the Pipefitters Local Union No 274 Education Fund aims to equip journeymen with the necessary skills and knowledge to excel in their profession, thereby contributing to the industry's growth and success. The education fund's activities are governed by a Trust Agreement between the Mechanical Contractors Association and Pipefitters Local 274, ensuring a comprehensive and reliable training program for its participants.

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Impact




October, 2024

Pipefitters Local Union No 274 Education Fund significantly enhances the skills and employability of individuals in the pipefitting industry. By offering comprehensive apprenticeship training, it prepares new entrants for successful careers while also providing continuing education opportunities for seasoned journeymen. This ongoing education ensures that workers remain up-to-date with the latest techniques and standards in the field, promoting both personal growth and industry advancement. The fund's initiatives create a more competent workforce, ultimately contributing to higher standards and safety within the mechanical contracting sector. Located in Hopatcong, NJ, it serves as a vital resource for eligible participants looking to forge and advance their careers in pipefitting.




This information is meant to be a general summary of Pipefitters Local Union No 274 Education 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.

Revenue
$977,321 (2022)
201120122013201420152016201720182019202020212022$0$2M$4M$6M$8M
Expenses
$1,041,962 (2022)
201120122013201420152016201720182019202020212022$0$300k$600k$900k$1.2M
Efficiency
2011201220132014201520162017201820192020202120220%9%18%27%44%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,880
  • Program Service Revenue: $913,889
  • Gross Receipts: $977,321

Assets and Liabilities:

  • Total Assets: $8,281,624
  • Total Liabilities: $11,693
  • Net Assets: $8,269,931

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Employer Contributions

Revenue

$658,636

Rental Income

Revenue

$187,289

Training Fund

Revenue

$67,964

Organization Details

Founding Year

1967

Principal Officer

Warren Stella

Main Address

36 HOPATCHUNG ROAD, HOPATCONG, NJ, 07843

NTEE Category

Code: J22 - Employment

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