Overview
What is Fair Contracting Foundation Of Minnesota?
The Fair Contracting Foundation of Minnesota is a nonprofit organization situated in St. Paul, Minnesota. It primarily focuses on advocating for fair government contracts, ensuring a robust local industry, and safeguarding the public interest. The foundation offers various services such as assisting with data practice requests, providing monthly project lists by region, conducting legal research, analyzing contract specifications and records, addressing contractor and worker concerns, offering training in bid protesting and follow-ups, and helping collect unpaid wages for workers. By fostering collaboration among Minnesota's construction industry stakeholders, the foundation aims to promote economic competitiveness and improve the overall condition of the unionized industry.
Official website here: www.fcfmn.org
Is Fair Contracting Foundation Of Minnesota legitimate?
Fair Contracting Foundation Of Minnesota is a legitimate nonprofit organization registered as a 501(c)(5) entity. Fair Contracting Foundation Of Minnesota 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: $293,804
Professional Fundraising Fees: $0
Other Salaries and Wages: $421,764
For more financial information, click here
Official website here: www.fcfmn.org
What is the mission statement of Fair Contracting Foundation Of Minnesota?
The Fair Contracting Foundation of Minnesota advances the shared interests of the state's construction industry. It achieves this by educating and advocating to government officials on enforcement matters, identifying work opportunities, promoting economic competitiveness, and serving the betterment of the unionized industry as a whole. The foundation focuses on promoting prevailing wage law education, compliance, and enforcement. It advocates for practices, policies, and laws that ensure fair government contracts, a robust local industry, and protection of the public interest. The foundation performs various tasks, such as assisting with data requests, providing project lists, performing legal research, analyzing contract specifications, and helping collect unpaid wages for workers.
Official website here: www.fcfmn.org
What is the revenue of Fair Contracting Foundation Of Minnesota?
Fair Contracting Foundation Of Minnesota's revenue in 2024 was $1,130,721.
Official website here: www.fcfmn.org
Who are the executives of Fair Contracting Foundation Of Minnesota and what are their salaries?
The average compensation at Fair Contracting Foundation Of Minnesota during 2024 was $119,261. There are 6 employees at Fair Contracting Foundation Of Minnesota.
Here are 24 key members and their salaries:
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Official website here: www.fcfmn.org
Where can I find the form 990 for Fair Contracting Foundation Of Minnesota?
Fair Contracting Foundation Of Minnesota's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.fcfmn.org
Learn more at the official website: www.fcfmn.org
Mission Statement of Fair Contracting Foundation Of Minnesota
The Fair Contracting Foundation of Minnesota advances the mutual interests of Minnesota's construction industry. It achieves this mission by informing and petitioning government officials on enforcement, identifying work opportunities, promoting economic competitiveness, and serving the betterment of the unionized industry as a whole. The foundation's primary goal is to ensure fair government contracts, a strong local industry, and protection of the public interest.
To accomplish this, the Fair Contracting Foundation engages in various activities. It provides education and resources related to prevailing wage laws, advocating for practices, policies, and laws that promote fair contracts. The foundation also performs legal research, analyzes contract specifications and records, and fields telephone calls from contractors and workers. It builds relationships with government agencies and works through difficult bidding issues. Furthermore, the foundation offers free training sessions focusing on performing bid protests properly and using effective follow-up techniques. Additionally, it assists in collecting unpaid wages for workers, demonstrating its commitment to protecting the rights of those in the construction industry.
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Impact
October, 2024
The Fair Contracting Foundation of Minnesota significantly impacts the construction industry by promoting fair practices and ensuring compliance with prevailing wage laws. It enhances the competitiveness of the local construction sector through advocacy for equitable government contracts and robust enforcement of regulations. By assisting with data practices requests, providing monthly project lists, and conducting legal research, it supports contractors and workers alike.
The Foundation plays a crucial role in educating industry stakeholders on proper bidding processes and effective protest techniques, which empowers both contractors and workers to navigate complex bidding environments. Furthermore, its efforts in building relationships with government agencies facilitate cooperation and effective problem-solving for bidding challenges. The Foundation's commitment to collecting unpaid wages for workers not only underscores its role in protecting labor rights but also reinforces the overall integrity of the construction industry in Minnesota. Overall, its initiatives foster economic competitiveness and uphold the public interest within the sector.
This information is meant to be a general summary of Fair Contracting Foundation Of Minnesota. 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: $145,380
- Program Service Revenue: $985,341
- Gross Receipts: $1,130,721
Assets and Liabilities:
- Total Assets: $3,662,747
- Total Liabilities: $36,006
- Net Assets: $3,626,741
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOURLY PAYMENTS
Revenue
$929,112
PER CAPITA
Revenue
$56,229
Organization Details
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