Overview
What is Plumbers & Steamfitters 577 Jatc Trust Fund?
The Plumbers & Steamfitters 577 Jatc Trust Fund is a nonprofit organization situated in Portsmouth, Ohio, specifically at 1236 Gallia Street. Its primary mission is to offer apprenticeship training programs to the employees of organizations that are part of the associated employer group and are subject to the collective bargaining agreement. This training encompasses both apprenticeships and job-related programs, aimed at enhancing the skills and capabilities of the participating workforce. The nonprofit, with a staff of seven individuals, plays a crucial role in upskilling the employees in the plumbing and steamfitting industries, thereby contributing to their professional development and career growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%, Two-Star out of Four Star rating)
The Plumbers & Steamfitters 577 Jatc Trust Fund has received a rating indicating it needs improvement, with a total score of 64%. The organization shows a strong Program Expense Ratio of 92.49%, suggesting that a significant portion of its resources is directed towards its programs. However, the rating reflects critical weaknesses in governance, specifically the lack of independent board members and missing financial statements, which raises concerns about transparency and accountability.
While the nonprofit does have policies for conflict of interest, whistleblower protection, and document retention, it fails to provide essential financial documentation on its website, impacting its score in accountability. The absence of any independent board members is particularly noteworthy, as it suggests a potential lack of oversight that could affect decision-making processes.
Despite these challenges, the organization reports no material diversion of assets and maintains a solid liabilities to assets ratio of 0.00%, indicating a favorable financial health in that regard. Overall, while the Trust Fund demonstrates commendable program spending, it must address its governance and transparency shortcomings to improve its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Plumbers & Steamfitters 577 Jatc Trust Fund legitimate?
Plumbers & Steamfitters 577 Jatc Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plumbers & Steamfitters 577 Jatc 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: $249,203
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,663
For more financial information, click here
What is the mission statement of Plumbers & Steamfitters 577 Jatc Trust Fund?
The Plumbers & Steamfitters 577 JATC Trust Fund's mission is centered around providing comprehensive training programs for employees. This includes both apprenticeship training and job-related courses. These programs are offered to employees working for members of the employer association and other participating employers, all under the collective bargaining agreement. The primary goal is to equip these employees with the necessary skills, enhancing their professional growth and contributing to the overall success of their respective industries.
Who is the CEO of Plumbers & Steamfitters 577 Jatc Trust Fund?
Kenneth R Bailey is the Coordinator of Plumbers & Steamfitters 577 Jatc Trust Fund.
What is the revenue of Plumbers & Steamfitters 577 Jatc Trust Fund?
Plumbers & Steamfitters 577 Jatc Trust Fund's revenue in 2022 was $980,572.
Who are the executives of Plumbers & Steamfitters 577 Jatc Trust Fund and what are their salaries?
The average compensation at Plumbers & Steamfitters 577 Jatc Trust Fund during 2022 was $37,267. There are 7 employees at Plumbers & Steamfitters 577 Jatc Trust Fund.
Here are 7 key members and their salaries:
- Compensation: $91,856
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Plumbers & Steamfitters 577 Jatc Trust Fund?
Plumbers & Steamfitters 577 Jatc Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Plumbers & Steamfitters 577 Jatc Trust Fund
Plumbers & Steamfitters 577 JATC Trust Fund is dedicated to providing apprenticeship training and job-related courses for employees working under the collective bargaining agreement for participating employers. This nonprofit organization's mission is centered around equipping employees with the necessary skills and knowledge in their respective trades. By offering comprehensive training programs, Plumbers & Steamfitters 577 JATC Trust Fund aims to empower its members and other participating employers with the tools needed to excel in their professional lives. This commitment to education and skill development not only benefits individual employees but also contributes to the overall success and competitiveness of the industries they serve.
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Impact
October, 2024
Plumbers & Steamfitters 577 Jatc Trust Fund significantly impacts the workforce by providing comprehensive apprenticeship and job-related training programs. These initiatives cater to employees of member employers and other participating organizations under the collective bargaining agreement, ensuring that workers are well-equipped with the skills and knowledge required for their roles.
The fund enhances job readiness by focusing on quality training that encompasses both foundational skills and specialized knowledge in plumbing and steamfitting. As a result, participants not only gain essential expertise that bolsters their individual careers but also contribute to a more skilled and efficient labor force in the industry. This commitment to education ensures that the standards of service remain high, benefiting employers and the community at large in Portsmouth, OH, and beyond. Overall, the Trust Fund plays a crucial role in bridging skill gaps and fostering professional development within the trades.
This information is meant to be a general summary of Plumbers & Steamfitters 577 Jatc 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 2022.
- Investment Income: $414
- Program Service Revenue: $633,798
- Gross Receipts: $980,572
Assets and Liabilities:
- Total Assets: $1,417,976
- Total Liabilities: $0
- Net Assets: $1,417,976
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$633,798
Organization Details
Founding Year
2009
Phone
(740) 357-6631Principal Officer
Kenneth R Bailey
Main Address
1236 GALLIA STREET, PORTSMOUTH, OH, 45662
NTEE Category
Code: B30 - Education
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