Overview
What is Operating Engineers Local 150 Apprenticeship Fund?
Operating Engineers Local 150 Apprenticeship Fund is a nonprofit organization based in Wilmington, Illinois, approximately 50 miles south of Chicago. The primary mission of this organization is to instruct, train, and improve the capabilities of individuals who aspire to become operating engineers, ensuring compliance with the Fair Labor Standards Act of 1938 and the regulations issued thereunder. Their expansive training center covers over 300 acres and provides 342,000 square feet of space, including an indoor training area. This comprehensive program aims to equip trainees with the necessary skills to excel in their chosen field and enhance the capabilities of existing operating engineers.
Official website here: www.asiplocal150.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Operating Engineers Local 150 Apprenticeship Fund has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The score is entirely derived from a high Accountability & Finance rating, indicating effective management of resources and transparency in operations.
Key strengths of the organization include a fully independent board, which consists of 12 members, ensuring unbiased governance. The fund also excels in financial oversight, having undergone rigorous audit processes and maintaining a low liabilities-to-assets ratio, demonstrating fiscal stability. Additionally, it maintains comprehensive policies regarding conflicts of interest, whistleblowing, and document retention.
While the organization shows robust financial practices and transparency, specifics on program outcomes or community impact are not detailed in the rating, which may be of interest to potential donors seeking information on effectiveness beyond financials. Overall, the Operating Engineers Local 150 Apprenticeship Fund stands out for its financial integrity and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Operating Engineers Local 150 Apprenticeship Fund legitimate?
Operating Engineers Local 150 Apprenticeship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operating Engineers Local 150 Apprenticeship 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: $6,006
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,789,387
For more financial information, click here
Official website here: www.asiplocal150.org
What is the mission statement of Operating Engineers Local 150 Apprenticeship Fund?
The Operating Engineers Local 150 Apprenticeship Fund is dedicated to instructing and training individuals who aspire to become operating engineers, as well as enhancing the capabilities of existing operating engineers. They adhere to the Fair Labor Standards Act of 1938 and the regulations issued thereafter. Their comprehensive program focuses on apprenticeship and skill improvement. The training center offers ample space for indoor instruction, ensuring a conducive learning environment.
Official website here: www.asiplocal150.org
Who is the CEO of Operating Engineers Local 150 Apprenticeship Fund?
James M Sweeney is the Chairman of Operating Engineers Local 150 Apprenticeship Fund.
Official website here: www.asiplocal150.org
What is the revenue of Operating Engineers Local 150 Apprenticeship Fund?
Operating Engineers Local 150 Apprenticeship Fund's revenue in 2022 was $38,017,713.
Official website here: www.asiplocal150.org
Who are the executives of Operating Engineers Local 150 Apprenticeship Fund and what are their salaries?
The average compensation at Operating Engineers Local 150 Apprenticeship Fund during 2022 was $85,392. There are 103 employees at Operating Engineers Local 150 Apprenticeship Fund.
Here are 18 key members and their salaries:
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- Compensation: $152,716
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- Other: $124,269
Official website here: www.asiplocal150.org
Where can I find the form 990 for Operating Engineers Local 150 Apprenticeship Fund?
Operating Engineers Local 150 Apprenticeship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asiplocal150.org
Learn more at the official website: www.asiplocal150.org
Mission Statement of Operating Engineers Local 150 Apprenticeship Fund
Operating Engineers Local 150 Apprenticeship Fund is a dedicated organization focused on instructing and training individuals with a desire to become operating engineers. Complying with the Fair Labor Standards Act of 1938 and the regulations that follow, this program is committed to improving the capabilities of both new recruits and existing operating engineers.
Located on a expansive 300-acre property in Illinois, the Apprenticeship Fund's training center is equipped with an impressive 342,000 square feet of space. This substantial indoor training area is where the next generation of operating engineers hones their skills and knowledge under expert guidance. Through a combination of theoretical and practical learning, these apprentices gain the necessary expertise to excel in their chosen profession.
The Operating Engineers Local 150 Apprenticeship Fund is more than just a training program; it is a platform for continuous skill improvement. By investing in the development of its members, the organization ensures that the operating engineering industry remains at the forefront of technological advancements and best practices. By fostering a culture of excellence and providing opportunities for growth, Operating Engineers Local 150 Apprenticeship Fund is shaping the future of the industry and the careers of its apprentices.
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Impact
October, 2024
The Operating Engineers Local 150 Apprenticeship Fund plays a crucial role in developing the next generation of skilled operating engineers. Through its comprehensive apprenticeship programs, individuals seeking to enter the field receive extensive hands-on training and education designed to equip them with the necessary skills for success.
Set on over 300 acres in Wilmington, Illinois, the training center features 342,000 square feet of facilities, including an extensive indoor training area. This state-of-the-art environment allows apprentices to gain practical experience with the latest equipment and technology, ensuring they are well-prepared for the demands of the industry.
Additionally, the fund emphasizes ongoing skill improvement, providing retraining opportunities for current operating engineers to enhance their capabilities and adapt to evolving industry standards. By aligning with the Fair Labor Standards Act, the program not only adheres to regulations but also promotes fair labor practices in its training initiatives.
The impact of the Operating Engineers Local 150 Apprenticeship Fund extends beyond individual employment; it strengthens the workforce, supports economic growth, and uplifts local communities by fostering a robust and well-trained labor pool. This commitment to education and skill development empowers individuals and contributes to the overall advancement of the construction and engineering sectors.
This information is meant to be a general summary of Operating Engineers Local 150 Apprenticeship 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,335,318
- Program Service Revenue: $35,978,174
- Gross Receipts: $60,306,833
Assets and Liabilities:
- Total Assets: $69,850,177
- Total Liabilities: $2,357,639
- Net Assets: $67,492,538
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$35,725,839
INSTRUCTOR SALARY REIMBURSEMENTS
Revenue
$143,055
APPLICATION AND COURSE FEES
Revenue
$109,280
Organization Details
Founding Year
1967
Phone
(708) 482-7300Principal Officer
James M Sweeney
Main Address
6150 JOLIET ROAD, COUNTRYSIDE, IL, 60525
Website
www.asiplocal150.orgNTEE Category
Code: J220 - Employment
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