Overview
What is Hobart Institute Of Welding Technology?
The Hobart Institute of Welding Technology is a nonprofit organization situated in Troy, Ohio, dedicated to excelling in welding training and education. Committed to providing marketable welding skills at an affordable cost, the institute offers high-quality training in the utilization and application of various welding technologies. Its mission extends beyond instruction, as it develops and disseminates welding training materials and conducts certification research and qualifications for the welding industry. The institute consistently seeks to innovate and improve welding training methods, making them accessible to all. Currently, the organization employs 61 individuals in its mission to advance welding education.
Official website here: www.welding.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% (Four-Star out of Four Stars)**
The Hobart Institute of Welding Technology has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The rating is based entirely on its financial practices, showcasing a majority of independent board members and effective oversight. The organization demonstrates transparency, as evidenced by the presence of conflict of interest and whistleblower policies.
In terms of financial performance, the Institute has a strong program expense ratio of over 89%, indicating that the majority of its funds are directed towards its educational programs. The fiscal health is further bolstered by low liabilities relative to assets, suggesting a solid financial foundation. However, it is noted that the organization has not scored in areas like impact and measurement, culture and community, and leadership adaptiveness.
User reviews from GreatNonprofits are not available at this time, which limits insights into public sentiment regarding their programs and services. However, the solid rating from Charity Navigator reflects a robust commitment to accountability and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Hobart Institute Of Welding Technology legitimate?
Hobart Institute Of Welding Technology is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hobart Institute Of Welding Technology 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: $414,446
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,089,434
For more financial information, click here
Official website here: www.welding.org
What is the mission statement of Hobart Institute Of Welding Technology?
The Hobart Institute of Welding Technology, being a nonprofit organization, is dedicated to achieving excellence in welding training and education. Its primary mission is to assist individuals in developing marketable welding skills through high-quality, affordable training. The institute educates and trains individuals in the use and application of various welding technologies. Additionally, Hobart Institute engages in research and development to create better welding training methods and materials. It strives to make these training resources accessible to all, aiming to advance the welding industry by conducting certification research and setting qualification standards.
Official website here: www.welding.org
Who is the CEO of Hobart Institute Of Welding Technology?
Scott Mazzulla is the President of Hobart Institute Of Welding Technology.
Official website here: www.welding.org
What is the revenue of Hobart Institute Of Welding Technology?
Hobart Institute Of Welding Technology's revenue in 2022 was $10,377,174.
Official website here: www.welding.org
Who are the executives of Hobart Institute Of Welding Technology and what are their salaries?
The average compensation at Hobart Institute Of Welding Technology during 2022 was $57,441. There are 61 employees and 5 volunteers at Hobart Institute Of Welding Technology.
Here are 8 key members and their salaries:
- Compensation: $206,909
- Related: $0
- Other: $26,937
- 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: $160,792
- Related: $0
- Other: $19,808
- Compensation: $115,441
- Related: $0
- Other: $22,960
Official website here: www.welding.org
Where can I find the form 990 for Hobart Institute Of Welding Technology?
Hobart Institute Of Welding Technology's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.welding.org
Learn more at the official website: www.welding.org
Mission Statement of Hobart Institute Of Welding Technology
The Hobart Institute of Welding Technology is a nonprofit organization devoted to excelling in welding education and training. Its mission is to help individuals acquire marketable welding skills through high-quality instruction at an affordable cost. The institute serves this purpose by educating and training individuals in the utilization and application of various welding technologies. Additionally, the Hobart Institute develops and disseminates welding training materials, conducts research and establishes qualifications for the welding industry, and strives to innovate and improve welding training methods and materials, making them accessible to all.
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Impact
October, 2024
Hobart Institute of Welding Technology significantly impacts the welding industry by providing high-quality education and training that equips individuals with essential welding skills. Located in Troy, Ohio, the institute focuses on fostering excellence in welding technology through comprehensive programs designed to meet the needs of the workforce.
The institute's commitment to affordable training ensures that a diverse range of students can access valuable resources and instruction without financial barriers. By developing and disseminating advanced welding training materials, Hobart Institute enhances the learning experience, preparing students for various welding applications in real-world scenarios.
Additionally, the institute conducts crucial certification research and qualifications, ensuring that graduates meet industry standards and are ready to contribute effectively to their roles. Through continuous improvement in training methods and materials, Hobart Institute promotes innovation in welding education, ultimately strengthening the industry as a whole and addressing the skills gap in the workforce.
This information is meant to be a general summary of Hobart Institute Of Welding Technology. 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: $154,215
- Program Service Revenue: $8,764,858
- Gross Receipts: $11,514,460
Assets and Liabilities:
- Total Assets: $24,037,388
- Total Liabilities: $1,536,421
- Net Assets: $22,500,967
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$8,764,858
Organization Details
Founding Year
1930
Phone
(800) 332-9448Principal Officer
Scott Mazzulla
Main Address
400 TRADE SQUARE EAST, TROY, OH, 45373
Website
www.welding.orgNTEE Category
Code: B41 - Education
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