Overview
What is Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund?
Sheet Metal Air Rail and Transportation Workers Local 63 Educational Fund is a nonprofit organization situated in Springfield, Massachusetts, specifically at 32 Stevens Street. Their primary mission is to offer educational benefits to apprentices and members within their union and beyond. To accomplish this, they procure essential premises, facilities, learning materials, supplies, and necessary equipment. Their activities are geared towards providing comprehensive training programs for sheet metal apprentices and other union and non-union members, contributing to their professional growth and development. The nonprofit is operated by a team of 19 dedicated individuals.
Official website here: www.smwsmartlocal63.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
The Sheet Metal Air Rail and Transportation Workers Local 63 Educational Fund has received an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 96%, the organization demonstrates a high level of transparency and financial health, indicating it effectively utilizes its resources to fulfill its mission.
One of the notable strengths of this nonprofit is its governance structure, featuring a board comprised entirely of independent members. This independence fosters objective decision-making and ensures that the organization operates without conflicts of interest. Additionally, the Fund has maintained exemplary financial practices, with no material diversion of assets and a low liabilities-to-assets ratio, which suggests sound financial management.
However, while the organization shows strong program expense ratios, it is essential for potential donors and beneficiaries to consider the overall impact and effectiveness of its educational programs. Despite its financial strengths, ongoing assessments of program outcomes and community impact will be crucial for maintaining its positive reputation and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund legitimate?
Sheet Metal Air Rail And Transportation Workers Local #63 Educational Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheet Metal Air Rail And Transportation Workers Local #63 Educational 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: $1,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.smwsmartlocal63.org
What is the mission statement of Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund?
The Sheet Metal Air Rail and Transportation Workers Local 63 Educational Fund's primary mission is to offer educational benefits to apprentices and members. They achieve this by acquiring the necessary premises, facilities, books, pamphlets, supplies, and equipment to support their educational initiatives. This non-profit organization operates training programs, providing educational resources to both union and non-union sheet metal apprentices.
Official website here: www.smwsmartlocal63.org
What is the revenue of Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund?
Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund's revenue in 2023 was $788,236.
Official website here: www.smwsmartlocal63.org
Who are the executives of Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund and what are their salaries?
The average compensation at Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund during 2023 was $50. There are 21 employees at Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund.
Here are 6 key members and their salaries:
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Official website here: www.smwsmartlocal63.org
Where can I find the form 990 for Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund?
Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.smwsmartlocal63.org
Learn more at the official website: www.smwsmartlocal63.org
Mission Statement of Sheet Metal Air Rail And Transportation Workers Local 63 Educational Fund
The Sheet Metal Air Rail and Transportation Workers Local 63 Educational Fund is committed to providing educational benefits for all apprentices and members. To accomplish this mission, the fund acquires necessary premises, facilities, books, pamphlets, supplies, and equipment. In essence, the fund aims to establish a conducive learning environment that caters to the needs of its apprentices and members, ensuring they have the required resources to further their education and skills development in the field of sheet metal work and related trades. The fund operates training programs for sheet metal apprentices and other union and non-union members, thereby fostering a culture of continuous learning and professional growth within the industry.
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Impact
October, 2024
The Sheet Metal Air Rail and Transportation Workers Local 63 Educational Fund significantly impacts the vocational training landscape by offering comprehensive educational programs for apprentices and members. It facilitates the acquisition of essential resources such as premises, facilities, books, pamphlets, and equipment, ensuring that individuals receive high-quality training in sheet metal work. These initiatives not only enhance the skill sets of union and non-union members but also contribute to workforce development, resulting in improved employment opportunities within the industry. By focusing on education and hands-on training, the Fund plays a critical role in fostering a skilled workforce, which ultimately benefits the economy in Springfield, MA, and beyond.
This information is meant to be a general summary of Sheet Metal Air Rail And Transportation Workers Local 63 Educational 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: $13,272
- Gross Receipts: $788,236
Assets and Liabilities:
- Total Assets: $1,598,456
- Total Liabilities: $39,623
- Net Assets: $1,558,833
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Organization Details
Founding Year
1973
Principal Officer
Michael Lafleur
Website
www.smwsmartlocal63.orgNTEE Category
Code: J22Z - Employment
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