Overview
What is Laborers' District Council Education & Training Fund Of The Philadelphia Area?
The Laborers' District Council Education & Training Fund of the Philadelphia Area is a nonprofit organization dedicated to offering education and training to qualifying members of participating unions and labor associations within the construction industry under a collective bargaining agreement. Based in Exton, Pennsylvania, the organization prides itself on equipping workers with the necessary skills for profitable employment and citizenship, thereby ensuring that employers receive proficient workmen. With a team of 45 employees, the fund prioritizes the provision of training and education in the building and construction trade, focusing on the development of journeyworkers, ultimately benefiting the public by delivering top-quality workmanship.
Official website here: www.ldc-phila-vic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Laborers' District Council Education & Training Fund Of The Philadelphia Area has achieved a strong 92% score, which reflects a commitment to accountability and finance. With a Four-Star rating, the organization demonstrates transparency and responsible financial management, making it a trustworthy choice for donors and supporters.
The organization excels in several key areas, including having an entirely independent board and strong oversight through its audit and financial committees. Additionally, the majority of its expenses are directed toward programs, indicating a focus on fulfilling its mission rather than administrative costs. Most of the organization's policies, including conflict of interest and document retention, are well established.
However, it is important to note that the organization lacks a whistleblower policy, which may be a consideration for some potential donors. Despite this limitation, the overall financial health and governance practices suggest that the organization is well-positioned to effectively utilize contributions for its educational and training initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Laborers' District Council Education & Training Fund Of The Philadelphia Area legitimate?
Laborers' District Council Education & Training Fund Of The Philadelphia Area is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laborers' District Council Education & Training Fund Of The Philadelphia Area 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: $1,717,764
For more financial information, click here
Official website here: www.ldc-phila-vic.org
What is the mission statement of Laborers' District Council Education & Training Fund Of The Philadelphia Area?
The Laborers' District Council Education & Training Fund in the Philadelphia area is dedicated to providing education and training opportunities for eligible members under a collective bargaining agreement. Their mission is multifaceted, aimed at enhancing the skills and capabilities of trainees in the building and construction trade. By offering comprehensive training programs, they equip individuals for profitable employment and citizenship, ensuring a steady stream of proficient workmen for employers. Ultimately, their goal is to deliver top-notch workmanship to the public.
Official website here: www.ldc-phila-vic.org
Who is the CEO of Laborers' District Council Education & Training Fund Of The Philadelphia Area?
Alan Parham is the Principal Officer of Laborers' District Council Education & Training Fund Of The Philadelphia Area.
Official website here: www.ldc-phila-vic.org
What is the revenue of Laborers' District Council Education & Training Fund Of The Philadelphia Area?
Laborers' District Council Education & Training Fund Of The Philadelphia Area's revenue in 2022 was $16,510,639.
Official website here: www.ldc-phila-vic.org
Who are the executives of Laborers' District Council Education & Training Fund Of The Philadelphia Area and what are their salaries?
The average compensation at Laborers' District Council Education & Training Fund Of The Philadelphia Area during 2022 was $38,173. There are 45 employees at Laborers' District Council Education & Training Fund Of The Philadelphia Area.
Here are 8 key members and their salaries:
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Official website here: www.ldc-phila-vic.org
Where can I find the form 990 for Laborers' District Council Education & Training Fund Of The Philadelphia Area?
Laborers' District Council Education & Training Fund Of The Philadelphia Area's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ldc-phila-vic.org
Learn more at the official website: www.ldc-phila-vic.org
Mission Statement of Laborers' District Council Education & Training Fund Of The Philadelphia Area
The Laborers' District Council Education & Training Fund of The Philadelphia Area is a non-profit organization dedicated to providing education and training to eligible members under a collective bargaining agreement. Its mission is threefold: first, to equip individuals with the necessary skills and knowledge in the building and construction trade; second, to train journeyworkers currently in the trade, ensuring they are proficient and prepared for profitable employment; and third, to uphold the promise to employers of delivering competent workers, ultimately contributing to superior workmanship for the benefit of the public. By investing in the education and development of its members, the Laborers' District Council Education & Training Fund strives to empower individuals and enhance their potential for personal growth, as well as ensure a skilled and capable workforce for the construction industry.
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Impact
October, 2024
The Laborers' District Council Education & Training Fund of the Philadelphia Area significantly enhances the construction sector by offering education and training services tailored to qualifying members of participating unions and labor associations. By focusing on the building and construction trades, the Fund equips journeymen with essential skills necessary for profitable employment and effective citizenship.
This initiative not only develops a proficient workforce but also assures employers of skilled workers, thus elevating the overall quality of workmanship available to the public. The training provided helps participants stay relevant in a continually evolving industry, ensuring that they are well-prepared to meet current demands and standards. Ultimately, the Fund plays a vital role in strengthening both the labor force and the community, contributing to economic stability and workforce development in the Philadelphia area.
This information is meant to be a general summary of Laborers' District Council Education & Training Fund Of The Philadelphia Area. 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: $2,521,916
- Program Service Revenue: $13,625,600
- Gross Receipts: $16,517,265
Assets and Liabilities:
- Total Assets: $71,995,191
- Total Liabilities: $20,668,261
- Net Assets: $51,326,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$13,509,273
GRANT & TRAINING REIMBURSEMENTS
Revenue
$116,327
Organization Details
Founding Year
1980
Phone
(610) 524-0404Principal Officer
Alan Parham
Main Address
500 E LINCOLN HIGHWAY, EXTON, PA, 19341
Website
www.ldc-phila-vic.orgNTEE Category
Code: B30 - Education
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