Overview
What is Northeastern Joint Apprenticeship & Training Trust Fund?
The Northeastern Joint Apprenticeship & Training Trust Fund is a nonprofit organization situated in Douglassville, Pennsylvania. With a staff of 16 individuals, their primary mission is to offer comprehensive training and educational resources to apprentices, journeyworkers, and other professionals in the external electrical industry. Their activities are centered around providing essential learning materials and programs that equip these professionals with the necessary skills to excel in their respective roles within this industry.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 40%, Zero-Star out of Four Star rating.
The Northeastern Joint Apprenticeship & Training Trust Fund received a low rating of 40% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization boasts a fully independent board and has effective oversight mechanisms in place for financial statements, it struggles with its financial ratios, particularly in areas such as program expenses and fundraising efficiency.
Despite having a solid governance structure, the program expense ratio stands at 41.61%, which raises questions about the effectiveness of program spending in relation to total expenses. Additionally, a fundraising efficiency ratio of $0.00 suggests that the organization may not be engaging successfully in fundraising activities, potentially impacting its financial sustainability and ability to deliver on its mission.
Executive compensation is notably high, with salaries for key personnel reaching upwards of $237,000, which may draw scrutiny in light of the organization’s financial challenges. Overall, while there are strengths in governance and policy adherence, the organization's financial metrics highlight significant areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Northeastern Joint Apprenticeship & Training Trust Fund legitimate?
Northeastern Joint Apprenticeship & Training Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeastern Joint Apprenticeship & Training Trust 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: $2,465,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $451,616
For more financial information, click here
What is the mission statement of Northeastern Joint Apprenticeship & Training Trust Fund?
The Northeastern Joint Apprenticeship & Training Trust Fund's primary mission is to offer educational resources and training to apprentices, journeyworkers, and other individuals within the outside electrical industry. This organization is committed to providing comprehensive learning materials and practical training sessions to enhance their professional skills and knowledge in this field. By doing so, it aims to contribute to the continuous development and improvement of the outdoor electrical industry.
Who is the CEO of Northeastern Joint Apprenticeship & Training Trust Fund?
Jason Lauze is the Area Coordinator of Northeastern Joint Apprenticeship & Training Trust Fund.
What is the revenue of Northeastern Joint Apprenticeship & Training Trust Fund?
Northeastern Joint Apprenticeship & Training Trust Fund's revenue in 2022 was $9,208,385.
Who are the executives of Northeastern Joint Apprenticeship & Training Trust Fund and what are their salaries?
The average compensation at Northeastern Joint Apprenticeship & Training Trust Fund during 2022 was $182,319. There are 16 employees at Northeastern Joint Apprenticeship & Training Trust Fund.
Here are 10 key members and their salaries:
- Compensation: $53,272
- Related: $0
- Other: $31,326
- Compensation: $138,520
- Related: $0
- Other: $66,532
- Compensation: $237,593
- Related: $0
- Other: $87,960
- Compensation: $187,844
- Related: $0
- Other: $75,860
- Compensation: $188,094
- Related: $0
- Other: $76,257
- Compensation: $187,944
- Related: $0
- Other: $74,840
- Compensation: $187,794
- Related: $0
- Other: $84,401
- Compensation: $184,436
- Related: $0
- Other: $76,845
- Compensation: $188,044
- Related: $0
- Other: $74,827
- Compensation: $184,436
- Related: $0
- Other: $78,667
Where can I find the form 990 for Northeastern Joint Apprenticeship & Training Trust Fund?
Northeastern Joint Apprenticeship & Training Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeastern Joint Apprenticeship & Training Trust Fund
The Northeastern Joint Apprenticeship & Training Trust Fund is dedicated to providing essential training and literature to individuals in the outside electrical industry. Specifically, their mission encompasses supporting apprentices, journeyworkers, and other professionals within this field. Through this commitment, the Trust Fund aims to equip these individuals with the necessary skills and knowledge needed to excel in their respective roles, thereby contributing to the growth and success of the outside electrical industry as a whole.
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Impact
October, 2024
The Northeastern Joint Apprenticeship & Training Trust Fund significantly enhances the electrical industry by providing essential training and resources for apprentices and journeymen. Based in Douglassville, PA, it focuses on delivering comprehensive educational programs tailored for the outside electrical industry. This training equips individuals with the necessary skills and knowledge to excel in their careers, thereby fostering a highly skilled workforce. By offering literature and hands-on training opportunities, the Trust Fund not only supports the professional development of workers but also contributes to improving safety and efficiency standards within the industry. Its impact resonates through enhanced employment prospects for individuals and an overall strengthening of the electrical sector.
This information is meant to be a general summary of Northeastern Joint Apprenticeship & Training Trust 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.
- Investment Income: $475,309
- Gross Receipts: $9,315,565
Assets and Liabilities:
- Total Assets: $22,629,060
- Total Liabilities: $0
- Net Assets: $22,629,060
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Organization Details
Founding Year
1972
Phone
(610) 326-2860Principal Officer
Jason Lauze
Main Address
1513 BEN FRANKLIN HIGHWAY, DOUGLASSVILLE, PA, 19518
NTEE Category
Code: J22 - Employment
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