Overview
What is Lake County Jatc?
Lake County Jatc, located at 31290 N US Hwy 45 Unit A, Libertyville, IL 60048, is a nonprofit organization dedicated to educating apprentice and journey-level electricians. Specifically, it serves IBEW Local 150, providing a comprehensive training program to help them develop essential skills in their chosen field. With a team of 18 dedicated individuals, Lake County Jatc plays a vital role in the electrical industry by equipping workers with the knowledge and expertise needed to excel in their careers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Lake County Jatc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 66%. This rating indicates some concerns regarding the nonprofit's accountability and financial practices, despite strengths in board independence and financial oversight. The organization has a fully independent board, with no material diversion of assets, which reflects positively on governance.
However, the nonprofit's program expense ratio stands at 57.48%, suggesting that a significant portion of its budget may not be directed toward program services, which is a concern for potential donors. Additionally, there are several missing policies, including a conflict of interest policy and a whistleblower policy, which are crucial for maintaining transparency and accountability.
Overall, while Lake County Jatc demonstrates strong governance features, the missing policies and lower program expense ratio highlight areas where the organization could improve to enhance trust and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lake County Jatc legitimate?
Lake County Jatc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake County Jatc 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: $419,327
For more financial information, click here
What is the mission statement of Lake County Jatc?
The Lake County Jatc, an entity focused on education, is dedicated to the advancement of apprentice and journey-level electricians affiliated with IBEW Local 150. Their mission primarily revolves around providing comprehensive educational programs for these individuals, thereby enabling them to excel in their respective fields. By offering a structured learning environment, they aim to equip electricians with the necessary skills and knowledge required to succeed in their professional journeys. The organization's primary objective is to contribute to the growth and development of the electrician workforce, ensuring a high standard of competence and proficiency across the industry.
Who is the CEO of Lake County Jatc?
Christopher Haag is the Trustee of Lake County Jatc.
What is the revenue of Lake County Jatc?
Lake County Jatc's revenue in 2023 was $901,529.
Who are the executives of Lake County Jatc and what are their salaries?
The average compensation at Lake County Jatc during 2023 was $23,296. There are 18 employees at Lake County Jatc.
Here are 9 key members and their salaries:
- Compensation: $127,281
- Related: $0
- Other: $101,402
- Compensation: $2,739
- Related: $0
- Other: $1,765
- Compensation: $2,294
- Related: $0
- Other: $1,869
- Compensation: $1,230
- Related: $0
- Other: $1,054
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lake County Jatc?
Lake County Jatc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lake County Jatc
Lake County JATC, short for Lake County Joint Apprenticeship and Training Committee, is dedicated to the educational development of apprentice and journey-level electricians affiliated with IBEW Local 150. Their mission is centered around providing comprehensive training and education to electricians at various stages of their careers, ensuring they meet the industry's standards and expectations. The organization's primary goal is to equip apprentices and journey-level electricians with the necessary skills and knowledge to excel in their respective fields, ultimately contributing positively to the electrical industry.
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Impact
October, 2024
Lake County JATC plays a vital role in shaping the future of the electrical trade by educating apprentice and journeyman electricians for IBEW Local 150. Located in Libertyville, IL, the organization focuses on providing high-quality training that equips individuals with the skills and knowledge necessary for a successful career in the electrical industry. By fostering a skilled workforce, Lake County JATC not only enhances the employability of its graduates but also contributes to the overall strength and safety of the electrical infrastructure in the region.
The training programs offered by Lake County JATC ensure that electricians are well-prepared to meet the demands of modern electrical work, including residential, commercial, and industrial applications. This commitment to education and workforce development directly impacts local economies by creating job opportunities and promoting economic growth. As a result, Lake County JATC plays an essential role in building a capable and efficient workforce that supports the needs of the community and local industries.
This information is meant to be a general summary of Lake County Jatc. 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: -$36,936
- Program Service Revenue: $928,889
- Gross Receipts: $1,501,222
Assets and Liabilities:
- Total Assets: $1,639,000
- Total Liabilities: $3,923
- Net Assets: $1,635,077
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTOR ASSESSMENTS
Revenue
$865,413
PROGRAM FEES
Revenue
$63,476
Organization Details
Founding Year
1978
Principal Officer
Christopher Haag
Main Address
31290 N US HWY 45 Unit A, Libertyville, IL, 60048
NTEE Category
Code: J22Z - Employment
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