Overview
What is Electrical Industry Education Fund?
The Electrical Industry Education Fund is a nonprofit organization situated in Orchard Park, New York, specifically at S 3546 California Road. Its primary objective is to promote education and training within the electrical industry, benefitting both employees and other relevant individuals. By offering educational programs and resources, the fund aims to cover various aspects of the electrical industry, thereby fostering professional growth and development. With a dedicated workforce of 18 individuals, the Electrical Industry Education Fund is committed to enhancing the skills and knowledge of professionals in this field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Electrical Industry Education Fund has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. This rating is based entirely on a high score in the Accountability & Finance category, reflecting sound fiscal management practices and responsible governance. The organization scored a perfect 100% for having an independent board, ensuring effective oversight and decision-making.
Financially, the organization demonstrates strong performance with a program expense ratio of 71.92%, meaning a significant portion of its funds is directed toward its educational programs. Additional strengths include robust policies for conflict of interest, whistleblower protection, and document retention, all of which contribute to a transparent operational framework. The low liabilities to assets ratio of 0.56% further underscores its solid financial standing.
Overall, the Electrical Industry Education Fund exhibits exemplary practices in financial accountability and governance, positioning it as a responsible nonprofit in the educational sector. However, continued focus on maintaining transparency and program effectiveness will be crucial for sustaining this positive reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Electrical Industry Education Fund legitimate?
Electrical Industry Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Electrical Industry Education 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: $174,159
For more financial information, click here
What is the mission statement of Electrical Industry Education Fund?
The Electrical Industry Education Fund's mission is centered around providing education and training opportunities for employees and others, encompassing various aspects of the electrical industry. Their primary goal is to foster a well-informed workforce, ensuring they have the necessary skills and knowledge to thrive within this sector. Their activities are focused on advancing the understanding and proficiency of individuals involved in the electrical industry.
Who is the CEO of Electrical Industry Education Fund?
Michael Gaiser is the Chairman of Electrical Industry Education Fund.
What is the revenue of Electrical Industry Education Fund?
Electrical Industry Education Fund's revenue in 2022 was $887,589.
Who are the executives of Electrical Industry Education Fund and what are their salaries?
The average compensation at Electrical Industry Education Fund during 2022 was $9,676. There are 18 employees and 6 volunteers at Electrical Industry Education Fund.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Electrical Industry Education Fund?
Electrical Industry Education Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Electrical Industry Education Fund
The Electrical Industry Education Fund is committed to a mission of providing education and training for individuals in various aspects of the electrical industry. This nonprofit organization strives to equip employees and other interested parties with the necessary knowledge and skills required to excel in this field. By offering educational programs, the Fund aims to contribute significantly to the growth and development of the electrical industry.
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Impact
October, 2024
The Electrical Industry Education Fund (EIE Fund) significantly impacts the electrical sector by enhancing the skills and knowledge of its workforce. By providing comprehensive education and training programs, it ensures that both employees and prospective workers are well-equipped to meet the evolving demands of the industry. This focus on training encompasses various aspects of the electrical field, leading to a more competent and efficient workforce.
Moreover, the EIE Fund plays a crucial role in addressing the skills gap in the electrical industry, which is essential for fostering innovation and ensuring safety standards are met. By investing in the education and development of workers, the fund not only boosts individual careers but also strengthens the overall industry's capacity to adapt to new technologies and practices. Through its efforts, the EIE Fund contributes to a more qualified and proficient workforce, ultimately benefiting the electrical industry as a whole while enhancing employment opportunities for individuals in the field.
This information is meant to be a general summary of Electrical Industry Education 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: $105,287
- Program Service Revenue: $765,563
- Gross Receipts: $887,589
Assets and Liabilities:
- Total Assets: $3,065,440
- Total Liabilities: $16,990
- Net Assets: $3,048,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$765,563
Organization Details
Founding Year
1974
Phone
(716) 662-6122Principal Officer
Michael Gaiser
Main Address
S 3546 CALIFORNIA ROAD, ORCHARD PARK, NY, 14127
NTEE Category
Code: J22 - Employment
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