Overview
What is Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund?
Smart Local Union No 49 Joint Apprenticeship and Training Trust Fund is a nonprofit organization situated in Albuquerque, New Mexico, specifically at 2300 Buena Vista SE 138. Their primary focus is on providing training and education to apprentice sheet metal workers in the state of New Mexico. This organization, with a workforce of eight individuals, is dedicated to nurturing the skills of future sheet metal workers, contributing to the local workforce and industry.
What are the reviews and ratings of this charity?
Charity Navigator rating: 86%, Three-Star out of Four Star rating.
The Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund has received a commendable score of 86% based solely on its Accountability & Finance metrics. This rating indicates a strong commitment to responsible financial management and transparency, which is crucial for fostering trust among stakeholders and supporters.
The organization demonstrates notable strengths, including a fully independent board and high scores in financial audits and expense ratios. With a program expense ratio of 94.45%, the trust fund allocates a significant portion of its resources directly to its mission, showcasing its effectiveness in managing funds for the benefit of its apprentices.
Despite these strengths, the rating reflects reliance on a single beacon score, which may limit the overall evaluation of the nonprofit's impact or effectiveness in other areas beyond financial accountability. Nonetheless, the organization exhibits a solid foundation of governance and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund legitimate?
Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smart Local Union No 49 Joint Apprenticeship And Training Trust 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: $342,690
For more financial information, click here
What is the mission statement of Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund?
The Smart Local Union No 49 Joint Apprenticeship and Training Trust Fund is committed to providing training and education for apprentice sheet metal workers in New Mexico. This mission aims to equip these individuals with essential skills and knowledge necessary for their professional growth in the sheet metal industry. By offering comprehensive training programs, the fund fosters the development of competent and skilled workers, contributing to the overall growth and advancement of the industry.
Who is the CEO of Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund?
Isaiah Zemke is the Co-Chair, Labor of Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund.
What is the revenue of Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund?
Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund's revenue in 2023 was $2,103,419.
Who are the executives of Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund and what are their salaries?
The average compensation at Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund during 2023 was $42,836. There are 8 employees at Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund.
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Where can I find the form 990 for Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund?
Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Smart Local Union No 49 Joint Apprenticeship And Training Trust Fund
Smart Local Union No 49 Joint Apprenticeship and Training Trust Fund is dedicated to the training and education of apprentice sheet metal workers in New Mexico. Through their mission, they aim to equip these individuals with the necessary skills and knowledge to excel in the sheet metal work field. The organization's primary focus is on providing a comprehensive training program that prepares apprentices for the challenges and opportunities in their chosen profession.
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Impact
October, 2024
Smart Local Union No 49 Joint Apprenticeship and Training Trust Fund plays a crucial role in the training and education of apprentice sheet metal workers in New Mexico. By providing structured apprenticeship programs, it ensures that individuals gain the necessary skills and knowledge required to excel in the sheet metal industry.
The trust fund facilitates hands-on training experiences, mentoring, and theoretical education, contributing to a skilled workforce that meets the demands of the construction and manufacturing sectors. This investment in workforce development not only enhances the career prospects of apprentices but also strengthens the local economy by fostering a highly skilled labor pool.
Furthermore, by promoting standards of excellence in training, the program enhances overall productivity and safety in the industry, benefiting employers and the community at large. The impact extends beyond individual apprentices; it contributes to raising the standards of the profession and supporting sustainable employment opportunities in New Mexico's labor market.
This information is meant to be a general summary of Smart Local Union No 49 Joint Apprenticeship And Training Trust 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 2023.
- Investment Income: $168,831
- Program Service Revenue: $1,934,588
- Gross Receipts: $2,103,419
Assets and Liabilities:
- Total Assets: $3,143,239
- Total Liabilities: $561,222
- Net Assets: $2,582,017
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,719,404
MISCELLANEOUS INCOME
Revenue
$1,537
SALE OF TRAINING SUPPLIES
Revenue
$4,063
STATE OF NEW MEXICO
Revenue
$209,584
Organization Details
Founding Year
1970
Phone
(505) 242-4262Principal Officer
Isaiah Zemke
Main Address
2300 BUENA VISTA SE 138, ALBUQUERQUE, NM, 87106
NTEE Category
Code: J22I - Employment
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