Overview
What is Operating Engineers Local No 101 Apprenticeship Fund?
Operating Engineers Local No 101 Apprenticeship Fund is a nonprofit organization based in Platte City, Missouri. With a modest team of 10 individuals, their primary mission is to equip and enhance the occupational skills of 55 apprentices and existing members. This is achieved through comprehensive training programs, aimed at fostering competence and growth in their respective fields. The organization's focus is on providing and developing the necessary skills for its members, thereby contributing to their professional development and overall success.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star rating)
The Operating Engineers Local No 101 Apprenticeship Fund has been recognized with a Three-Star rating, indicating a solid level of accountability and financial health. With a score of 82%, the organization demonstrates strong practices in governance and financial management, including a fully independent board and robust oversight mechanisms.
Strengths of the organization include a high program expense ratio of 83.09%, which signifies that a significant portion of its funds directly supports its mission. The organization also excels in its liability to assets ratio, showcasing solid financial stability. The commitment to documenting board meeting minutes and maintaining transparent operations further enhances its credibility.
While the organization shows strong performance in many areas, the ratings reflect an opportunity for growth to achieve a higher star rating. Continuous improvement in fundraising efforts and expanding outreach could help enhance its impact and support for apprentices in the field.
This AI summary has been generated from information found on Charity Navigator.
Is Operating Engineers Local No 101 Apprenticeship Fund legitimate?
Operating Engineers Local No 101 Apprenticeship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operating Engineers Local No 101 Apprenticeship 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: $130,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $822,916
For more financial information, click here
What is the mission statement of Operating Engineers Local No 101 Apprenticeship Fund?
The Operating Engineers Local No 101 Apprenticeship Fund is committed to providing and enhancing the occupational skills of its members. This is achieved by offering training to apprentices and upskilling existing members, aiming to equip them with the necessary skills for their respective trades. The fund's mission is centered around the development and advancement of the workforce, ensuring they are well-equipped to meet the demands of their professions. At present, the fund is providing occupational skills to 55 apprentices and improving the skills of existing members, demonstrating their ongoing commitment to this mission.
Who is the CEO of Operating Engineers Local No 101 Apprenticeship Fund?
Damon Cook is the Trustee of Operating Engineers Local No 101 Apprenticeship Fund.
What is the revenue of Operating Engineers Local No 101 Apprenticeship Fund?
Operating Engineers Local No 101 Apprenticeship Fund's revenue in 2022 was $4,447,296.
Who are the executives of Operating Engineers Local No 101 Apprenticeship Fund and what are their salaries?
The average compensation at Operating Engineers Local No 101 Apprenticeship Fund during 2022 was $95,356. There are 10 employees and 6 volunteers at Operating Engineers Local No 101 Apprenticeship Fund.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $138,594
- Related: $0
- Other: $55,226
- Compensation: $128,837
- Related: $0
- Other: $60,216
- Compensation: $127,822
- Related: $0
- Other: $60,350
- Compensation: $120,090
- Related: $0
- Other: $59,336
- Compensation: $129,115
- Related: $0
- Other: $60,140
- Compensation: $115,105
- Related: $0
- Other: $58,315
Where can I find the form 990 for Operating Engineers Local No 101 Apprenticeship Fund?
Operating Engineers Local No 101 Apprenticeship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Operating Engineers Local No 101 Apprenticeship Fund
Operating Engineers Local No 101 Apprenticeship Fund is committed to enriching the occupational skills of its members. This nonprofit organization primarily focuses on two groups: apprentices and existing members. Its mission is to provide and enhance the technical abilities of its members, ensuring they are well-equipped to excel in their respective fields. The Fund accomplishes this by training 55 apprentices and continuously improving the skills of the existing members. This dedicated approach to education and skill development equips Operating Engineers Local No 101 members with the necessary tools to excel in their careers, contributing positively to their personal growth and the broader industry.
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Impact
October, 2024
Operating Engineers Local No 101 Apprenticeship Fund plays a vital role in enhancing the skills and employability of its members in the construction and heavy equipment operation sectors. By providing occupational skills training to 55 apprentices, the fund ensures that new entrants to the field are well-equipped with the necessary expertise to succeed.
Furthermore, the program enhances the skills of existing members, promoting continual professional development. This dual focus not only helps individual members advance their careers but also strengthens the overall workforce in the region. The initiatives contribute to higher standards of safety and efficiency in operations, ultimately benefiting employers and the community in Platte City, MO, and its surroundings.
The fund is an essential catalyst for workforce development, fostering job readiness and enhancing employment prospects for skilled professionals. By investing in both new and seasoned members, it contributes significantly to the competitiveness and quality of the local construction industry.
This information is meant to be a general summary of Operating Engineers Local No 101 Apprenticeship 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: $97,758
- Program Service Revenue: $4,196,420
- Gross Receipts: $4,447,296
Assets and Liabilities:
- Total Assets: $9,493,828
- Total Liabilities: $41,893
- Net Assets: $9,451,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$4,196,420
Organization Details
Founding Year
1968
Phone
(816) 640-2336Principal Officer
Damon Cook
Main Address
PO BOX 197, PLATTE CITY, MO, 64079
NTEE Category
Code: J22 - Employment
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