Overview
What is Plumbers And Steamfitters Local 489 Training Fund?
The Plumbers and Steamfitters Local 489 Training Fund is a nonprofit organization situated in Cumberland, Maryland. Its primary purpose is to educate and equip union members in the field of pipefitting and plumbing. They manage an apprenticeship program, offer training to journeymen, and aid in adjusting to industry modifications and adhering to new regulations. The mission of this fund is to empower union members by enhancing their skills in their respective craft.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Plumbers And Steamfitters Local 489 Training Fund has achieved a remarkable 94% rating, indicating a strong commitment to accountability and financial management. This high score reflects the organization’s effective governance, with a board composed entirely of independent members and robust policies in place to manage conflicts of interest and ensure transparency.
Strengths of the organization include a low liabilities-to-assets ratio of 0.11%, suggesting sound financial health. Additionally, the program expense ratio stands at 75.37%, demonstrating a strong focus on utilizing funds for its core mission. The organization has also implemented comprehensive policies concerning whistleblower protections and document retention, which further reinforce its commitment to ethical operations.
While the rating is highly favorable, the data does not highlight specific areas for improvement. However, the overall performance indicates that the training fund is well-managed and dedicated to its mission of providing quality training for plumbers and steamfitters.
This AI summary has been generated from information found on Charity Navigator.
Is Plumbers And Steamfitters Local 489 Training Fund legitimate?
Plumbers And Steamfitters Local #489 Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plumbers And Steamfitters Local #489 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: $0
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What is the mission statement of Plumbers And Steamfitters Local 489 Training Fund?
The Plumbers and Steamfitters Local 489 Training Fund's mission is centered around educating and empowering union members in their respective crafts of pipefitting and plumbing. They oversee an apprenticeship program and offer training to journeymen, ensuring they stay updated with industry changes and adhere to new regulations. The primary objective of the fund is to equip union members with the necessary skills, enabling them to adapt to the evolving demands of their profession.
Who is the CEO of Plumbers And Steamfitters Local 489 Training Fund?
Scott Upole is the Trustee of Plumbers And Steamfitters Local #489 Training Fund.
What is the revenue of Plumbers And Steamfitters Local 489 Training Fund?
Plumbers And Steamfitters Local 489 Training Fund's revenue in 2023 was $164,072.
Who are the executives of Plumbers And Steamfitters Local 489 Training Fund and what are their salaries?
There are 18 employees at Plumbers And Steamfitters Local 489 Training Fund.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Plumbers And Steamfitters Local 489 Training Fund?
Plumbers And Steamfitters Local 489 Training Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Plumbers And Steamfitters Local 489 Training Fund
Plumbers and Steamfitters Local 489 Training Fund is dedicated to fulfilling a vital mission. This mission involves administering and overseeing an apprenticeship program, providing essential training to union members in the specialized crafts of pipefitting and plumbing. The primary objective of this nonprofit organization is to equip these union members with the necessary skills to adapt to industry advancements and adhere to new regulations in their respective fields. By doing so, Plumbers and Steamfitters Local 489 Training Fund aims to empower its members, ensuring they remain competent and up-to-date in their chosen profession.
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Impact
October, 2024
The Plumbers and Steamfitters Local 489 Training Fund has a significant impact on the workforce in its community by providing essential training and apprenticeship programs for union members specializing in pipefitting and plumbing. By administering comprehensive training for both apprentices and journeymen, the organization equips workers with the skills necessary to adapt to evolving industry standards and regulations. This ensures a skilled labor force that can meet the demands of modern plumbing and pipefitting challenges, ultimately enhancing the quality of work performed in the field.
In addition to fostering individual professional growth, the training programs contribute to the overall economic health of the region by enhancing job readiness and creating a more capable workforce. This not only benefits the members by improving their career prospects but also supports local businesses and the community by ensuring that plumbing and steamfitting projects are completed efficiently and to high standards. The Training Fund’s focus on continual education and compliance with industry changes further positions its members at the forefront of the trade, establishing a reputation for excellence in Cumberland, MD, and beyond.
This information is meant to be a general summary of Plumbers And Steamfitters Local 489 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 2023.
- Investment Income: $2,738
- Program Service Revenue: $161,334
- Gross Receipts: $164,072
Assets and Liabilities:
- Total Assets: $363,678
- Total Liabilities: $1,072
- Net Assets: $362,606
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTORS ASSESSMENTS
Revenue
$161,091
Organization Details
Founding Year
1967
Phone
(301) 722-8515Principal Officer
Scott Upole
Main Address
2 PARK STREET, CUMBERLAND, MD, 21502
NTEE Category
Code: J22 - Employment
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