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International Union Of Operating Engineers Local 571 Training Fund

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 352271209 ✦ Omaha, NE ✦ Designated as a 501(c)(3)

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Overview

What is International Union Of Operating Engineers Local 571 Training Fund?

The International Union of Operating Engineers Local 571 Training Fund is a nonprofit organization dedicated to enhancing the capabilities of operating engineer apprentices and journeymen. Their primary focus is on providing comprehensive training and education, aiming to elevate their skills and proficiency in their respective fields. By doing so, they contribute to the overall improvement of the operating engineering sector.


Official website here: www.iuoe571.org/training.htm

What are the reviews and ratings of this charity?

Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)

The International Union Of Operating Engineers Local 571 Training Fund has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The evaluation reveals that the charity excels in areas like board independence, financial audits, and asset management, but falls short on certain governance policies such as the lack of a conflict of interest and whistleblower policy.

The organization boasts a fully independent board, which contributes positively to its governance structure, achieving full marks in this area. Furthermore, the fund's financial health is promising, with a low liabilities-to-assets ratio and a high percentage of expenses directed toward programs, suggesting effective use of resources.

However, the absence of key governance policies may raise concerns for some stakeholders. While the organization appears to manage its funds responsibly, enhancing its transparency and accountability through these missing policies could strengthen its overall standing and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is International Union Of Operating Engineers Local 571 Training Fund legitimate?

International Union Of Operating Engineers Local 571 Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Union Of Operating Engineers Local 571 Training 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: $138,148
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,234

For more financial information, click here


Official website here: www.iuoe571.org/training.htm

What is the mission statement of International Union Of Operating Engineers Local 571 Training Fund?

The International Union of Operating Engineers Local 571 Training Fund is committed to providing training and education for operating engineer apprentices and journeymen. Their mission is geared towards enhancing the skills of these individuals, aiming to foster their professional growth and development. The fund serves as a platform for continuous learning, ensuring that operating engineers remain competent and up-to-date in their field.


Official website here: www.iuoe571.org/training.htm

Who is the CEO of International Union Of Operating Engineers Local 571 Training Fund?

Aaron Fichter is the Training Coo of International Union Of Operating Engineers Local 571 Training Fund.


Official website here: www.iuoe571.org/training.htm

What is the revenue of International Union Of Operating Engineers Local 571 Training Fund?

International Union Of Operating Engineers Local 571 Training Fund's revenue in 2023 was $1,291,819.


Official website here: www.iuoe571.org/training.htm

Who are the executives of International Union Of Operating Engineers Local 571 Training Fund and what are their salaries?

The average compensation at International Union Of Operating Engineers Local 571 Training Fund during 2023 was $114,127. There are 3 employees at International Union Of Operating Engineers Local 571 Training Fund.


Here are 9 key members and their salaries:


Walt Wrasse (Training Coo)
  • Compensation: $102,378
  • Related: $0
  • Other: $36,029
Bryan Brabec (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tj Dick (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Fichter (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Fucinaro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Marshall (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Mousseau (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Shamburg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Welchert (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iuoe571.org/training.htm

Where can I find the form 990 for International Union Of Operating Engineers Local 571 Training Fund?

International Union Of Operating Engineers Local 571 Training Fund's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.iuoe571.org/training.htm

Learn more at the official website: www.iuoe571.org/training.htm

Mission Statement of International Union Of Operating Engineers Local 571 Training Fund

The International Union of Operating Engineers Local 571 Training Fund is dedicated to the mission of providing comprehensive training and education for operating engineer apprentices and journeymen. Their primary objective is to enhance the skills of these individuals, thereby contributing to their professional growth and development. By offering various educational programs, the Training Fund aims to equip operating engineers with the necessary tools and knowledge to excel in their field. This commitment to continuous learning and skill improvement is a testament to the Training Fund's dedication to the betterment of its members and the industry as a whole.

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Impact




October, 2024

The International Union of Operating Engineers Local 571 Training Fund significantly enhances the skill set of operating engineers through focused training and education programs for both apprentices and journeymen. By providing comprehensive resources and training opportunities, the Fund ensures that members are well-equipped with the latest techniques and knowledge in their field. This commitment to improving skills not only elevates individual performance but also contributes to higher standards within the industry, promoting safety and efficiency on job sites. As a result, the Fund fosters a more competent workforce, ultimately benefiting the community and the economy in Omaha, NE, and beyond.




This information is meant to be a general summary of International Union Of Operating Engineers Local 571 Training 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.

Revenue
$1,291,819 (2023)
Expenses
$946,711 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $6,869
  • Program Service Revenue: $1,284,180
  • Gross Receipts: $1,333,929

Assets and Liabilities:

  • Total Assets: $2,797,381
  • Total Liabilities: $40,126
  • Net Assets: $2,757,255

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTRACTOR CONTRIBUTIONS

Revenue

$1,284,180

Organization Details

Founding Year

2006

Principal Officer

Aaron Fichter

Main Address

11404 NORTH 72ND STREET, OMAHA, NE, 68122

NTEE Category

Code: B50 - Education

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