Overview
What is Lorain County Electrical Joint?
Lorain County Electrical Joint, also known as the Apprenticeship and Training Trust, is a nonprofit organization situated in Lorain, Ohio. Their primary mission is to provide training and development opportunities for electrical apprentices, aiming to transform them into qualified electrical journeymen. In 2021-22, they carried out this mission under a working agreement between IBEW Local 129 and NECA. The organization, with a small team of 4 employees, operates with a focus on empowering individuals in the electrical field, ultimately contributing to the growth and advancement of the industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating).
The Lorain County Electrical Joint has received a high rating of 94%, indicating strong performance in financial accountability and transparency. This score is based entirely on its Accountability & Finance metrics, suggesting that the organization effectively manages its finances and adheres to rigorous standards of oversight. With a perfect score in several areas, it reflects a commitment to maintaining the integrity of its operations.
The organization boasts a fully independent board, which is a key strength that contributes to its governance quality. With all eight board members being independent, it ensures impartial decision-making. The charity also excels in financial oversight, as evidenced by its perfect score for its Audit and Oversight Committee, indicating robust controls in place to safeguard assets.
On the operational side, Lorain County Electrical Joint effectively utilizes its funds, as indicated by a high program expense ratio of 93.42%. This suggests that a significant portion of its budget goes directly to its programs, benefitting its mission. Overall, while the organization performs well in accountability and program execution, the data does not highlight any notable limitations or areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Lorain County Electrical Joint legitimate?
Lorain County Electrical Joint is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lorain County Electrical Joint 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: $116,743
For more financial information, click here
What is the mission statement of Lorain County Electrical Joint?
The Lorain County Electrical Joint, as an organization, is committed to providing training and development opportunities for apprentices who aspire to become qualified electrical journeymen. This mission is carried out through a collaborative working agreement between IBEW Local 129 and NECA. In the 2021-22 period, they offered training to electrical apprentices, aiming to equip them with the necessary skills to become proficient electrical journeymen. The organization's primary goal is to foster the growth and capabilities of aspiring electrical professionals.
Who is the CEO of Lorain County Electrical Joint?
Andrew Kasubienski is the Principal Officer of Lorain County Electrical Joint.
What is the revenue of Lorain County Electrical Joint?
Lorain County Electrical Joint's revenue in 2022 was $717,715.
Who are the executives of Lorain County Electrical Joint and what are their salaries?
The average compensation at Lorain County Electrical Joint during 2022 was $29,186. There are 4 employees at Lorain County Electrical Joint.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
Where can I find the form 990 for Lorain County Electrical Joint?
Lorain County Electrical Joint's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lorain County Electrical Joint
Lorain County Electrical Joint, a notable entity, is dedicated to providing training and development opportunities for individuals eager to become qualified electrical journeymen. This organization's mission is centered around nurturing the skills and knowledge of apprentices in the electrical field, aiming to transform them into competent professionals. Under a collaborative agreement between IBEW Local 129 and NECA, the fund provided essential training to electrical apprentices in the 2021-22 period.
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Impact
October, 2024
The Lorain County Electrical Joint plays a significant role in the community by providing essential training and development for aspiring electrical journeymen. Through its partnership with IBEW Local 129 and NECA, the organization equips apprentices with the skills and knowledge needed to excel in the electrical trade. The impact of this initiative is multi-faceted: it not only fosters a highly skilled workforce that meets the demands of the local economy but also contributes to job creation and stability in Lorain, Ohio. By investing in the training of future electrical professionals, the Lorain County Electrical Joint enhances employment opportunities and supports the overall growth of the community.
This information is meant to be a general summary of Lorain County Electrical Joint. 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: $1,113
- Gross Receipts: $717,715
Assets and Liabilities:
- Total Assets: $1,556,987
- Total Liabilities: $110,314
- Net Assets: $1,446,673
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Organization Details
Founding Year
2000
Phone
(440) 233-7156Principal Officer
Andrew Kasubienski
Main Address
2235 WEST PARK DRIVE, LORAIN, OH, 44053
NTEE Category
Code: J22 - Employment
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