Overview
What is Fairbanks Pipeline Training Center Trust?
Fairbanks Pipeline Training Center Trust is a nonprofit organization situated in Fairbanks, Alaska. Its primary mission is to prepare a skilled workforce for Alaska's oil and gas industry by providing comprehensive and integrated career and technical education programs. The trust offers training opportunities for adults and high school students, enabling them to enter federally registered apprenticeship programs in various sectors, including construction, pipeline operation, and maintenance. The training center's courses are tailored to meet market demands in all sectors of Alaska's oil and gas industry, covering pipelines, gathering lines, pump stations, and related facilities. Cooperation with various entities, such as the U.S. Department of Labor, educational institutions, and industry employers, ensures that the trust delivers high-quality, up-to-date training to equip Alaskans with the necessary skills for successful careers in the pipeline and construction industries. The trust currently employs a team of four individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Fairbanks Pipeline Training Center Trust has achieved a remarkable 94% rating, reflecting strong performance in accountability and finance. The organization showcases a commitment to transparency and governance, with an independent board composed entirely of independent members. Their financial practices are sound, with no material diversions of assets and robust oversight mechanisms in place.
The charity's program expense ratio of 72.69% indicates a significant portion of their funds is directed towards programs rather than administrative costs, reinforcing their dedication to effective use of resources. They have established comprehensive policies, including conflict of interest and whistleblower policies, ensuring ethical operations and trustworthiness.
While the organization scores highly across all evaluated areas, the reliance on a single beacon score means that other aspects of their impact or effectiveness might not be reflected in their rating. Overall, the Fairbanks Pipeline Training Center Trust demonstrates solid financial health and governance practices, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Fairbanks Pipeline Training Center Trust legitimate?
Fairbanks Pipeline Training Center Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairbanks Pipeline Training Center Trust 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: $108,461
Professional Fundraising Fees: $0
Other Salaries and Wages: $186,964
For more financial information, click here
What is the mission statement of Fairbanks Pipeline Training Center Trust?
The Fairbanks Pipeline Training Center Trust's mission is to prepare a competent workforce in Alaska by developing and delivering comprehensive and integrated career and technical education programs. This is achieved by collaborating with various entities such as the U.S. Department of Labor, Alaska Department of Labor and Workforce Development, and construction and oil and gas industry pipeline employers. The trust also works with labor unions, native and tribal organizations, and educational institutions to offer opportunities for individuals to participate in federally registered apprenticeship programs in the building, highway, and pipeline industry.
What is the revenue of Fairbanks Pipeline Training Center Trust?
Fairbanks Pipeline Training Center Trust's revenue in 2024 was $4,159,823.
Who are the executives of Fairbanks Pipeline Training Center Trust and what are their salaries?
The average compensation at Fairbanks Pipeline Training Center Trust during 2024 was $59,085. There are 5 employees and 11 volunteers at Fairbanks Pipeline Training Center Trust.
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Where can I find the form 990 for Fairbanks Pipeline Training Center Trust?
Fairbanks Pipeline Training Center Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Fairbanks Pipeline Training Center Trust
The Fairbanks Pipeline Training Center Trust is dedicated to preparing a skilled workforce in Alaska. They achieve this mission by developing and delivering comprehensive and integrated career and technical education programs. This organization collaborates with various entities, including the U.S. Department of Labor, Alaska Department of Labor and Workforce Development, construction and oil and gas industry pipeline employers, labor unions, native and tribal organizations, and educational institutions. Their primary goal is to provide opportunities for Alaskans to enter federally registered apprenticeship programs in the building, highway, and pipeline industry. By working together, the Fairbanks Pipeline Training Center Trust is committed to fostering a skilled workforce that can contribute positively to Alaska's industries.
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Impact
October, 2024
Fairbanks Pipeline Training Center Trust plays a pivotal role in preparing a skilled workforce in Alaska by delivering comprehensive and integrated career and technical education programs. Its impact is particularly significant for adults and high school students in both urban and rural communities, providing valuable training and career exploration opportunities.
The center focuses on facilitating access to federally registered apprenticeship programs, specifically tailored to the oil and gas, and construction industries. By aligning its training programs with market demands across various sectors of Alaska's oil and gas industry, including pipeline construction, operation, and maintenance, the Trust effectively contributes to the local workforce's readiness and adaptability.
Collaboration is key to the Trust’s approach, as it works closely with federal and state entities, industry employers, labor unions, tribal organizations, and educational institutions. This cooperative effort ensures that the training provided meets the evolving needs of the sector, ultimately enhancing job prospects for Alaskans and fostering economic growth in the region. The Fairbanks Pipeline Training Center Trust not only develops skilled professionals but also strengthens the pipeline and construction industries, contributing significantly to Alaska's workforce landscape.
This information is meant to be a general summary of Fairbanks Pipeline Training Center Trust. 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 2024.
- Investment Income: $143,324
- Gross Receipts: $4,167,916
Assets and Liabilities:
- Total Assets: $23,564,291
- Total Liabilities: $110,148
- Net Assets: $23,454,143
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Organization Details
Founding Year
2008
Principal Officer
John Denny
NTEE Category
Code: J22 - Employment
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