Overview
What is Local 580- Educational Fund?
Local 580-Educational Fund is a nonprofit organization located at 501 WEST 42ND STREET, NEW YORK, NY 10036. Their primary mission is to provide training, skill enhancement, and safety education to eligible participants, which includes apprentices and journeymen of Local 580. Their activities are centered around operating training and education programs, offering retraining and additional training to journeymen to enhance their skills and knowledge in their respective trades. With a team of 19 dedicated individuals, Local 580-Educational Fund is committed to fostering professional growth and ensuring safety in their field.
Is Local 580- Educational Fund legitimate?
Local 580- Educational Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Local 580- Educational 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: $332,949
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,254,021
For more financial information, click here
What is the mission statement of Local 580- Educational Fund?
The Local 580-Educational Fund's mission is centered around providing educational opportunities and skill enhancement. Their primary goal is to operate training programs for apprentices affiliated with Local 580. Additionally, they offer retraining and further education to journeymen within the same local union. Their aim is to equip eligible participants with necessary skills and safety knowledge, thereby contributing to their professional growth and development.
Who is the CEO of Local 580- Educational Fund?
Brendan Tormey is the Fund Administrator of Local 580- Educational Fund.
What is the revenue of Local 580- Educational Fund?
Local 580- Educational Fund's revenue in 2022 was $4,285,268.
Who are the executives of Local 580- Educational Fund and what are their salaries?
The average compensation at Local 580- Educational Fund during 2022 was $83,525. There are 19 employees at Local 580- Educational Fund.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $195,781
- Other: $137,169
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $182,370
- Related: $0
- Other: $96,258
- Compensation: $170,322
- Related: $0
- Other: $92,899
- Compensation: $0
- Related: $177,159
- Other: $120,324
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Local 580- Educational Fund?
Local 580- Educational Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 580- Educational Fund
The Local 580-Educational Fund is committed to providing training, skill improvement, and safety education to eligible participants. This nonprofit organization operates training and education programs specifically designed for apprentices affiliated with Local 580. Furthermore, the Fund offers retraining and additional training opportunities for journeyworkers within the same local union. By offering these programs, the Local 580-Educational Fund aims to enhance the skills and knowledge of its participants, ultimately contributing to their professional growth and development within the construction industry.
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Impact
October, 2024
Local 580- Educational Fund plays a crucial role in enhancing the skills and safety knowledge of workers in the New York area. By offering comprehensive training programs, the Fund supports apprentices of Local 580 and provides retraining opportunities for journeymen. This focus on skill improvement not only helps individuals advance in their careers but also contributes to higher safety standards in the workplace. The Fund's initiatives ensure that workers are well-equipped to meet the evolving demands of their industry, ultimately fostering a more skilled and safe workforce in the region.
This information is meant to be a general summary of Local 580- Educational 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: $674,528
- Program Service Revenue: $3,390,851
- Gross Receipts: $19,121,333
Assets and Liabilities:
- Total Assets: $41,465,615
- Total Liabilities: $109,045
- Net Assets: $41,356,570
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$3,100,046
MAP PROGRAM REIMBURSEMENT
Revenue
$290,805
Organization Details
Founding Year
1969
Phone
(212) 695-5206Principal Officer
Brendan Tormey
Main Address
501 WEST 42ND STREET, NEW YORK, NY, 10036
NTEE Category
Code: J40 - Employment
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