Overview
What is Ironworkers Joint Appenticeship Trust Fund 550?
Ironworkers Joint Apprenticeship Trust Fund 550 is a nonprofit organization dedicated to educating and training aspiring Ironworkers. Over a four-year period, they equip apprentices with the necessary skills to become Journeyman Ironworkers. Their mission emphasizes providing high-quality education and training to all their apprentices. Furthermore, they offer re-training programs for existing Journeymen Ironworkers to adapt to new technology. This nonprofit's activities contribute to the advancement and competence of the ironworking industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star Rating
The Ironworkers Joint Apprenticeship Trust Fund 550 has received a Two-Star rating, indicating a moderate level of accountability and financial health. The rating is derived solely from its Accountability & Finance score, which stands at 71%. This score reflects the organization’s commitment to transparency and responsible financial practices, though it highlights areas for improvement.
Strengths of the organization include a high program expense ratio of 79.37%, indicating that a significant portion of its expenses directly supports its mission. Additionally, the organization has effective governance policies in place, such as a conflict of interest policy and a whistleblower policy, both of which received full points in the evaluation. However, the charity lacks sufficient financial transparency, as indicated by the absence of financial statements available to the public and a missing website link on its tax form.
Despite its strengths, the absence of publicly accessible financial documents and a limited number of independent board members could raise concerns about oversight and transparency. While the organization has demonstrated capability in key areas, these limitations could hinder its overall effectiveness and public trust in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Ironworkers Joint Appenticeship Trust Fund 550 legitimate?
Ironworkers Joint Appenticeship Trust Fund 550 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ironworkers Joint Appenticeship Trust Fund 550 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: $72,532
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,948
For more financial information, click here
What is the mission statement of Ironworkers Joint Appenticeship Trust Fund 550?
Ironworkers Joint Apprenticeship Trust Fund 550 is dedicated to educating and training apprentices, transforming them into skilled Journeyman Ironworkers over a four-year period. The organization's mission is centered around delivering high-quality education and training to all its apprentices. Moreover, it extends its services to offer re-training programs for experienced Journeymen Ironworkers, helping them adapt to utilizing new technology. By doing so, Ironworkers Joint Apprenticeship Trust Fund 550 contributes significantly to the development and advancement of the ironworking industry.
Who is the CEO of Ironworkers Joint Appenticeship Trust Fund 550?
William Sherer Ii is the Trustee of Ironworkers Joint Appenticeship Trust Fund 550.
What is the revenue of Ironworkers Joint Appenticeship Trust Fund 550?
Ironworkers Joint Appenticeship Trust Fund 550's revenue in 2022 was $689,542.
Who are the executives of Ironworkers Joint Appenticeship Trust Fund 550 and what are their salaries?
The average compensation at Ironworkers Joint Appenticeship Trust Fund 550 during 2022 was $9,899. There are 15 employees at Ironworkers Joint Appenticeship Trust Fund 550.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $84,388
- Other: $0
- Compensation: $0
- Related: $81,236
- Other: $0
- Compensation: $72,532
- Related: $0
- Other: $0
- Compensation: $0
- Related: $10,110
- 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 Ironworkers Joint Appenticeship Trust Fund 550?
Ironworkers Joint Appenticeship Trust Fund 550's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ironworkers Joint Appenticeship Trust Fund 550
The Ironworkers Joint Apprenticeship Trust Fund 550 is dedicated to the education and training of apprentices, with a primary goal of transforming them into proficient Journeyman Ironworkers. This nonprofit organization is committed to delivering top-notch instruction and learning opportunities, ensuring that every apprentice receives a comprehensive four-year program. Beyond the training of newcomers, the Ironworkers Joint Apprenticeship Trust Fund 550 also offers re-training programs for Journeymen Ironworkers, enabling them to adapt to new technologies and stay at the forefront of their field.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Ironworkers Joint Apprenticeship Trust Fund 550's impact is significant in the field of ironworking and construction. By providing a comprehensive four-year program for apprentices to become Journeyman Ironworkers, they are equipping individuals with the skills and knowledge needed for a successful career in this specialized trade. Additionally, by offering programs for re-training Journeymen Ironworkers in utilizing new technology, they are ensuring that workers stay current and competitive in an evolving industry. Overall, Ironworkers Joint Apprenticeship Trust Fund 550 plays a crucial role in supporting employment and skill development within the ironworking sector.
This information is meant to be a general summary of Ironworkers Joint Appenticeship Trust Fund 550. 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: $553
- Program Service Revenue: $582,389
- Gross Receipts: $689,542
Assets and Liabilities:
- Total Assets: $1,691,618
- Total Liabilities: $550,265
- Net Assets: $1,141,353
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ironworkers Internation
Revenue
$582,389
Organization Details
Founding Year
1971
Principal Officer
William Sherer Ii
Main Address
618 High Avenue NW, Canton, OH, 44703
NTEE Category
Code: J22 - Employment
If you are a representative of Ironworkers Joint Appenticeship Trust Fund 550 and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.