Overview
What is Local 126 Ibew Occupationalsafety Health & Education Trust?
Local 126 IBEW Occupationalsafety Health & Education Trust is a nonprofit organization headquartered in Collegeville, Pennsylvania. With a small team of five individuals, its primary mission is to offer occupational training, education, and testing to members of IBEW Local #126. The programs offered by this trust encompass various aspects, including occupational safety, work education and training sessions, health education, and license training. By providing these services, the trust aims to equip its members with the necessary skills and knowledge to enhance their professional growth and ensure a safer working environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
Local 126 Ibew Occupationalsafety Health & Education Trust has received a low rating of 50% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has notably failed to demonstrate transparency, as it lacks a conflict of interest policy, a whistleblower policy, and proper documentation of board meeting minutes on its website. These shortcomings contribute to its low overall score and suggest potential governance issues.
Despite some strengths, such as a good liabilities to assets ratio and a well-structured independent board, the charity has been criticized for its poor program expense ratio, indicating that a minimal portion of its budget is allocated to its actual programs. This aspect raises questions about the effectiveness and impact of the organization’s operations on its target populations.
Overall, while the organization meets some basic financial oversight criteria, its lack of fundamental governance practices and transparency is a significant limitation. Potential donors and stakeholders may want to consider these factors seriously before engaging with the charity.
This AI summary has been generated from information found on Charity Navigator.
Is Local 126 Ibew Occupationalsafety Health & Education Trust legitimate?
Local 126 Ibew Occupationalsafety Health & Education Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 126 Ibew Occupationalsafety Health & Education Trust 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: $591,333
For more financial information, click here
What is the mission statement of Local 126 Ibew Occupationalsafety Health & Education Trust?
The Local 126 IBEW Occupationalsafety Health & Education Trust is dedicated to providing occupational training, education, and testing for the members of IBEW Local #126. This mission is carried out through various programs, such as occupational safety sessions, work education and training, health education, and license training. The goal is to equip the members with the necessary skills and knowledge to ensure their safety and professional growth in their respective fields.
Who is the CEO of Local 126 Ibew Occupationalsafety Health & Education Trust?
Steve W Lutz is the Management Trustee of Local 126 Ibew Occupationalsafety Health & Education Trust.
What is the revenue of Local 126 Ibew Occupationalsafety Health & Education Trust?
Local 126 Ibew Occupationalsafety Health & Education Trust's revenue in 2022 was $8,344,100.
Who are the executives of Local 126 Ibew Occupationalsafety Health & Education Trust and what are their salaries?
The average compensation at Local 126 Ibew Occupationalsafety Health & Education Trust during 2022 was $118,267. There are 5 employees at Local 126 Ibew Occupationalsafety Health & Education Trust.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $517,344
- Other: $118,566
- Compensation: $0
- Related: $188,575
- Other: $78,445
- Compensation: $0
- Related: $227,816
- Other: $88,016
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $193,248
- Related: $0
- Other: $74,776
- Compensation: $179,851
- Related: $0
- Other: $71,526
Where can I find the form 990 for Local 126 Ibew Occupationalsafety Health & Education Trust?
Local 126 Ibew Occupationalsafety Health & Education Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 126 Ibew Occupationalsafety Health & Education Trust
The Local 126 IBEW Occupationalsafety Health & Education Trust is dedicated to providing occupational training, education, and testing for members of IBEW Local #126. This nonprofit organization's mission is to equip its members with the necessary skills and knowledge to ensure their safety and competence in their respective industries. The Trust offers a variety of programs, including occupational safety training, work education and training sessions, health education, and license training. These initiatives aim to empower members with the necessary knowledge and certifications to excel in their careers and work environments, thereby enhancing their overall safety and effectiveness.
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Impact
October, 2024
Local 126 IBEW Occupational Safety Health & Education Trust plays a crucial role in enhancing the skills and safety awareness of its members. By providing comprehensive occupational training and education, the fund ensures that members of IBEW Local #126 are well-prepared to meet the demands of their profession.
The impact of this trust manifests in various ways:
1. **Workplace Safety**: Through training sessions focused on occupational safety, members are equipped with the knowledge needed to navigate potentially hazardous environments, significantly reducing the risk of accidents and injuries on the job.
2. **Professional Development**: The trust offers educational programs that foster the professional growth of members, ensuring they stay up-to-date with industry standards and advancements. This not only benefits the individuals involved but also enhances the overall expertise of the workforce.
3. **Health Education**: By prioritizing health education, the fund addresses vital health issues that can affect workers' performance and quality of life. This proactive approach helps members maintain better health, leading to increased productivity and job satisfaction.
4. **Licensing and Certification**: The trust provides necessary testing and training for various licenses, ensuring that members are qualified to perform their duties. This credentialing is essential for career advancement and job security within the industry.
5. **Community Influence**: As members become safer and more skilled, the overall community benefits from a workforce that adheres to high standards of safety and professionalism, fostering a positive reputation for the electrical industry in the region.
Overall, the Local 126 IBEW Occupational Safety Health & Education Trust effectively contributes to the development of a safer, skilled, and knowledgeable workforce, creating a lasting impact on its members and the broader community in Collegeville, PA.
This information is meant to be a general summary of Local 126 Ibew Occupationalsafety Health & Education Trust. 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: $186,203
- Program Service Revenue: $8,050,627
- Gross Receipts: $24,831,684
Assets and Liabilities:
- Total Assets: $33,254,767
- Total Liabilities: $4,024
- Net Assets: $33,250,743
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$8,050,627
Organization Details
Founding Year
1973
Phone
(610) 489-3990Principal Officer
Steve W Lutz
Main Address
3455 GERMANTOWN PIKE, COLLEGEVILLE, PA, 19426
NTEE Category
Code: J22 - Employment
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