Overview
What is Plumbers Local 24 Education Fund?
Plumbers Local 24 Education Fund is a nonprofit organization situated in West Caldwell, New Jersey, at 20 Fairfield Place. Their primary mission revolves around providing comprehensive training and continuing education for eligible apprentices and journeymen within Plumbers Local 24, as stipulated by a trust agreement between the Mechanical Contractors Association and this particular local union. This fund's purpose is to equip these individuals with the necessary skills and knowledge to excel in their plumbing careers, thereby contributing to the industry's growth and development.
What are the reviews and ratings of this charity?
82% rating from Charity Navigator indicates that Plumbers Local 24 Education Fund has a solid standing in terms of accountability and financial management, earning a Three-Star out of Four Star rating. This score reflects a strong emphasis on maintaining transparency and effective governance practices, which are critical for nonprofit organizations.
The organization demonstrates noteworthy strengths, particularly in its board composition, with 100% of members being independent. Additionally, it has a commendable program expense ratio of 85.68%, suggesting that a significant portion of its funds is directed towards its educational initiatives. The absence of material asset diversions further underscores its reliability and integrity in handling donations.
While the charity excels in accountability metrics, the data does not provide insights into its impact or program effectiveness. Therefore, potential donors may want to consider looking into specific outcomes of its educational programs to fully assess the charity's overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Plumbers Local 24 Education Fund legitimate?
Plumbers Local 24 Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plumbers Local 24 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: $364,794
For more financial information, click here
What is the mission statement of Plumbers Local 24 Education Fund?
The Plumbers Local 24 Education Fund is committed to providing apprentice training and continuing education opportunities for eligible participants within the plumbing field. Through this initiative, they aim to upgrade the skills of journeymen, ensuring they remain competent and up-to-date with industry advancements. Their mission is carried out in accordance with a trust agreement between the Mechanical Contractors Association and Plumbers Local No. 24. The fund's primary objective is to equip plumbing professionals with the necessary knowledge and skills, ultimately contributing to the overall growth and development of the plumbing industry.
What is the revenue of Plumbers Local 24 Education Fund?
Plumbers Local 24 Education Fund's revenue in 2024 was $1,448,435.
Who are the executives of Plumbers Local 24 Education Fund and what are their salaries?
The average compensation at Plumbers Local 24 Education Fund during 2024 was $11,400. There are 32 employees at Plumbers Local 24 Education Fund.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $181,990
- Other: $119,941
- Compensation: $0
- Related: $174,913
- Other: $118,901
- Compensation: $0
- Related: $176,130
- Other: $119,421
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $173,187
- Other: $118,901
- Compensation: $0
- Related: $174,222
- Other: $118,901
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $144,843
- Related: $0
- Other: $79,664
Where can I find the form 990 for Plumbers Local 24 Education Fund?
Plumbers Local 24 Education Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Plumbers Local 24 Education Fund
Plumbers Local 24 Education Fund is dedicated to providing comprehensive training and educational opportunities for eligible apprentices and journeymen within the plumbing field. Through a partnership agreement between the Mechanical Contractors Association and Plumbers Local No. 24, this nonprofit organization offers hands-on apprentice training and ongoing education for its participants. By investing in the development of skilled plumbers, Plumbers Local 24 Education Fund contributes to the growth and success of the industry, ensuring that its workforce remains competent and up-to-date with the latest techniques and technologies.
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Impact
October, 2024
The Plumbers Local 24 Education Fund significantly enhances the plumbing industry by providing comprehensive training programs for both apprentices and journeymen. Through its structured apprenticeship training and continuing education initiatives, the Fund ensures that participants gain the necessary skills and knowledge to excel in their careers.
By facilitating hands-on experience and targeted coursework, the Fund equips individuals with the latest techniques and industry standards, promoting safety and professionalism within the field. This training not only benefits the participants by advancing their careers but also contributes to the overall quality of plumbing services in the community.
Moreover, the collaborative effort with the Mechanical Contractors Association underscores the Fund's commitment to fostering strong partnerships that elevate skill levels across the industry, ultimately leading to better job opportunities and economic growth in West Caldwell, NJ, and surrounding areas.
This information is meant to be a general summary of Plumbers Local 24 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $113,248
- Program Service Revenue: $1,335,187
- Gross Receipts: $1,448,435
Assets and Liabilities:
- Total Assets: $6,425,557
- Total Liabilities: $17,442
- Net Assets: $6,408,115
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,181,468
RENTAL INCOME
Revenue
$71,360
GRANT INCOME
Revenue
$62,837
EXPENSE REIMBURSED
Revenue
$19,522
Organization Details
Founding Year
1977
Principal Officer
Jonathan D Levine
NTEE Category
Code: J220 - Employment
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