Common Arc Corporation

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

EIN: 363595141 ✦ Geneva, IL ✦ Designated as a 501(c)(5)

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Overview

What is Common Arc Corporation?

Common Arc Corporation, based in Geneva, Illinois, is a nonprofit organization that serves the construction industry by promoting high standards of quality and performance for welders. With a mission to foster and advance the interests of construction boilermaker employers, they have developed a voluntary system of certifying welders employed by construction companies. This certification system aims to ensure that welders meet the required standards, resulting in successful tracking of welder continuity for over 9,000 welders so far. Beyond certification, Common Arc Corporation also collects and disseminates relevant information concerning the industry, including welder employment status. Their workforce consists of four dedicated individuals.


Official website here: www.commonarc.com

Is Common Arc Corporation legitimate?

Common Arc Corporation is a legitimate nonprofit organization registered as a 501(c)(5) entity. Common Arc Corporation 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: $259,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,390

For more financial information, click here


Official website here: www.commonarc.com

What is the mission statement of Common Arc Corporation?

Common Arc Corporation's mission is centered around supporting construction boilermaker employers and improving the quality of work in the construction industry, specifically for welders. One of their primary objectives is to foster and advance the interests of these employers. They also aim to promote high standards of quality and performance for welders within the construction industry. To achieve this, Common Arc Corporation has developed a voluntary system for certifying welders employed by construction boilermaker employers. This certification process helps ensure consistent quality in welding work. Furthermore, the corporation collects and disseminates relevant information concerning the industry, including the certification and employment status of welders. They also conduct studies and report on the benefits of welder qualification and performance certification. Their overall goal is to contribute to the overall improvement and success of the construction industry, particularly in terms of welding standards and workforce qualifications.


Official website here: www.commonarc.com

Who is the CEO of Common Arc Corporation?

Unavailable


Official website here: www.commonarc.com

What is the revenue of Common Arc Corporation?

Common Arc Corporation's revenue in 2022 was $1,057,480.


Official website here: www.commonarc.com

Who are the executives of Common Arc Corporation and what are their salaries?

The average compensation at Common Arc Corporation during 2022 was $115,478. There are 4 employees at Common Arc Corporation.


Here are 7 key members and their salaries:


Ronald Traxler (Exec Admin)
  • Compensation: $259,520
  • Related: $0
  • Other: $0
Mike Bray (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Simmons (Secretary/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Sullivan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Laube (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Fultz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheldon Traxler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.commonarc.com

Where can I find the form 990 for Common Arc Corporation?

Common Arc Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.commonarc.com

Learn more at the official website: www.commonarc.com

Mission Statement of Common Arc Corporation

Common Arc Corporation, a nonprofit organization, is dedicated to advocating for and enhancing the interests of construction boilermaker employers. One of its primary objectives is to elevate the standards of quality and performance within the construction industry, particularly for welders. To achieve this, Common Arc Corporation has established a voluntary system for certifying welders employed by construction boilermaker firms.

This certification process aims to ensure a consistent level of competence among welders, thereby enhancing the overall performance of the construction industry. Additionally, Common Arc Corporation serves as a hub for distributing relevant information concerning the industry. This includes data related to the certification and employment status of welders, among other industry-related topics. The organization also conducts studies on the benefits of welder qualification and performance certification, contributing to the continuous improvement of the construction industry. In summary, Common Arc Corporation plays a pivotal role in promoting high standards of quality and performance within the construction industry, particularly for welders, and provides valuable information and resources to its stakeholders.

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Impact




October, 2024

Common Arc Corporation significantly impacts the construction industry by fostering the interests of Boilermaker employers and elevating the standards for welders. By implementing a voluntary certification system, they ensure quality and performance among welders, contributing to enhanced safety and efficiency on construction projects. Their efforts have successfully tracked the continuity of over 9,000 welders, providing vital data that reinforces their credentials and employment status.

The organization serves as a crucial resource for both employers and welders, facilitating access to relevant industry information and best practices. This commitment to high standards not only benefits the employers—who can trust in a certified workforce—but also empowers welders by validating their skills and enhancing their employability. Furthermore, their research on the benefits of welder qualification and performance certification informs industry standards and policies, ultimately leading to a more competent and reliable construction sector. Through these initiatives, Common Arc Corporation plays a pivotal role in advancing workforce quality and fostering economic growth within the construction industry.




This information is meant to be a general summary of Common Arc Corporation. 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
$1,057,480 (2022)
Expenses
$1,042,848 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $410
  • Program Service Revenue: $1,057,070
  • Gross Receipts: $1,057,480

Assets and Liabilities:

  • Total Assets: $302,469
  • Total Liabilities: $108,062
  • Net Assets: $194,407

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Programs

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

SUPPORT - M.O.S.T.

Revenue

$1,057,070

Organization Details

Founding Year

1988

Main Address

2600 Keslinger Rd Ste 16, GENEVA, IL, 60134

NTEE Category

Code: J40 - Employment

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