Overview
What is Colorado Laborers & Contractors E&T Education And Training Fund?
The Colorado Laborers & Contractors E&T Education and Training Fund is a nonprofit organization dedicated to educating and training individuals in the construction industry. Their mission involves providing programs that cover various aspects, including payroll, related taxes, and fringe benefits. Moreover, they cover training-related expenses, ensuring that individuals in this sector receive comprehensive support. The fund's activities aim to upskill workers, thereby contributing positively to the construction industry in Colorado.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39%, Zero-Star out of Four Star rating.
The Colorado Laborers & Contractors E&T Education And Training Fund has received a low rating due to significant issues in accountability and finance. With a score of just 39%, the organization struggles particularly with board independence, having no independent members on its board, which raises concerns about governance and oversight. While it has shown compliance in certain areas like conflict of interest and whistleblower policies, the absence of an independent board could limit its effectiveness and transparency.
Despite having a good score for its audit and oversight practices, the organization falls short in transparency measures, notably lacking a website link on its tax form and failing to post its tax filings online. This lack of accessible financial information may hinder potential donors' ability to assess its operations. Additionally, the program expense ratio indicates that nearly half of its budget is allocated towards program expenses, which could be seen as a positive, but this figure alone does not offset the broader financial concerns.
Overall, while the Colorado Laborers & Contractors E&T Education And Training Fund has established policies that protect against conflicts of interest, its governance structure and transparency practices need significant improvement to enhance accountability and gain donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Laborers & Contractors E&T Education And Training Fund legitimate?
Colorado Laborers & Contractors E&T Education And Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Laborers & Contractors E&T Education And Training 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $297,443
For more financial information, click here
What is the mission statement of Colorado Laborers & Contractors E&T Education And Training Fund?
The Colorado Laborers & Contractors E&T Education and Training Fund's mission is centered around educating individuals in the construction industry. This is achieved through various programs that encompass topics such as payroll, related taxes, fringe benefits, and training-related expenses. The primary goal of this fund is to equip individuals within the construction sector with the necessary skills and knowledge, thereby contributing to the growth and development of the industry.
Who is the CEO of Colorado Laborers & Contractors E&T Education And Training Fund?
Anthony Trujillo is the Employee Trustee of Colorado Laborers & Contractors E&T Education And Training Fund.
What is the revenue of Colorado Laborers & Contractors E&T Education And Training Fund?
Colorado Laborers & Contractors E&T Education And Training Fund's revenue in 2022 was $1,208,443.
Who are the executives of Colorado Laborers & Contractors E&T Education And Training Fund and what are their salaries?
The average compensation at Colorado Laborers & Contractors E&T Education And Training Fund during 2022 was $49,574. There are 6 employees at Colorado Laborers & Contractors E&T Education And Training Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Colorado Laborers & Contractors E&T Education And Training Fund?
Colorado Laborers & Contractors E&T Education And Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Colorado Laborers & Contractors E&T Education And Training Fund
The Colorado Laborers & Contractors E&T Education and Training Fund is committed to educating and training individuals in the construction industry. Its mission is to provide programs that cover various aspects related to payroll, taxes, and fringe benefits, in addition to training-related expenses. This nonprofit organization aims to equip individuals working in the construction sector with the necessary skills and knowledge to excel in their respective roles, thereby contributing positively to the industry.
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Impact
October, 2024
The Colorado Laborers & Contractors E&T Education and Training Fund significantly impacts the construction industry by providing essential training and education to individuals entering this field. Their programs focus on critical areas such as payroll management, understanding related taxes, and navigating fringe benefits, which are vital for developing a skilled workforce.
By equipping participants with the knowledge and skills necessary for success in the construction sector, the fund helps enhance the overall quality of labor, ensuring that workers are not only proficient in their technical skills but also well-versed in the financial aspects of their employment. This comprehensive approach to training fosters a more informed workforce, potentially leading to improved job performance, increased safety awareness, and greater job satisfaction among workers.
Located in Brighton, Colorado, the fund plays a crucial role in strengthening the local economy by preparing individuals for sustainable careers in construction. By addressing both the technical and administrative components of employment in this industry, the Colorado Laborers & Contractors E&T Education and Training Fund supports workforce development and contributes to the long-term viability of the construction sector in the region.
This information is meant to be a general summary of Colorado Laborers & Contractors E&T Education And Training 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: $50,496
- Program Service Revenue: $1,156,906
- Gross Receipts: $1,600,838
Assets and Liabilities:
- Total Assets: $4,067,879
- Total Liabilities: $22,621
- Net Assets: $4,045,258
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$1,156,906
Organization Details
Founding Year
1969
Phone
(303) 287-3116Principal Officer
Anthony Trujillo
Main Address
10505 Havana, Brighton, CO, 80601
NTEE Category
Code: J22I - Employment
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