Overview
What is Neca-Ibew 176 Jatc Jnt Appren & Trng Fd?
Neca-Ibew 176 Jatc Jnt Appren & Trng Fd is a nonprofit organization situated in Joliet, Illinois. With a team of 16 individuals, they are dedicated to providing apprenticeship and journey-level training for electricians. Their primary mission is to educate and develop skilled electricians, ensuring they meet the industry's standards and demands. By offering comprehensive training programs, they contribute to the growth and advancement of the electrical trade, ultimately benefiting both the workers and the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% - Three-Star out of Four Star Rating
Neca-Ibew 176 Jatc Jnt Appren & Trng Fd has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization scored an impressive 86% overall, showcasing robust governance practices with a fully independent board and comprehensive financial oversight mechanisms.
The nonprofit excels in its financial management, evidenced by a low liabilities to assets ratio of 0.65% and a high program expense ratio of 79.68%. These figures suggest that a significant portion of its funds is directed towards its training programs, reflecting its commitment to the mission of supporting apprentices in the electrical industry.
While the organization demonstrates strong accountability, potential donors and supporters might look for additional qualitative data on the impact of its training programs. Overall, Neca-Ibew 176 Jatc Jnt Appren & Trng Fd appears to be a well-managed nonprofit making effective use of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Neca-Ibew 176 Jatc Jnt Appren & Trng Fd legitimate?
Neca-Ibew 176 Jatc Jnt Appren & Trng Fd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neca-Ibew 176 Jatc Jnt Appren & Trng Fd 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: $893,665
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Neca-Ibew 176 Jatc Jnt Appren & Trng Fd?
Neca-Ibew 176 Jatc Jnt Appren & Trng Fd is committed to providing apprenticeship and journey-level training and education for electricians. The organization's mission is centered around equipping electricians with the necessary skills and knowledge to excel in their careers. This is achieved through a comprehensive training program designed to foster the development of electricians, from apprentices to journeymen. The goal is to ensure a competent workforce that can meet the demands of the electrical industry. The organization's activities primarily focus on providing a robust educational environment where electricians can gain practical and theoretical knowledge, ultimately contributing to the advancement of the electrical field.
What is the revenue of Neca-Ibew 176 Jatc Jnt Appren & Trng Fd?
Neca-Ibew 176 Jatc Jnt Appren & Trng Fd's revenue in 2023 was $2,707,934.
Who are the executives of Neca-Ibew 176 Jatc Jnt Appren & Trng Fd and what are their salaries?
The average compensation at Neca-Ibew 176 Jatc Jnt Appren & Trng Fd during 2023 was $52,569. There are 17 employees at Neca-Ibew 176 Jatc Jnt Appren & Trng Fd.
Here are 11 key members and their salaries:
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- Compensation: $116,011
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- Other: $89,945
- Compensation: $116,011
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- Other: $89,945
Where can I find the form 990 for Neca-Ibew 176 Jatc Jnt Appren & Trng Fd?
Neca-Ibew 176 Jatc Jnt Appren & Trng Fd's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Neca-Ibew 176 Jatc Jnt Appren & Trng Fd
Neca-Ibew 176 Jatc Jnt Appren & Trng Fd is dedicated to providing apprenticeship and journeyman training and education for electricians. The organization's mission is to equip individuals with the necessary skills and knowledge to excel in the electrical field as either apprentices or journeymen. Through a comprehensive training program, Neca-Ibew 176 Jatc Jnt Appren & Trng Fd is committed to shaping the future of the electrical industry by nurturing talented and skilled professionals. The organization's focus on both apprenticeship and journeyman training ensures that it caters to the needs of electricians at various stages of their careers, thereby fostering a continuous learning environment.
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Impact
October, 2024
Neca-Ibew 176 Jatc Jnt Appren & Trng Fd significantly impacts the electrical trade by providing comprehensive apprenticeship and journeyman training for electricians. Located in Joliet, Illinois, the organization equips individuals with the necessary skills and knowledge to excel in their careers. Through structured education and hands-on experience, it ensures that apprentices receive valuable training that aligns with industry standards.
The program enhances workforce quality by producing skilled electricians who are well-prepared to meet the demands of the job market. This training not only aids individual career advancement but also strengthens the local economy by ensuring a consistent supply of qualified professionals. By fostering a culture of continuous learning and high safety standards, Neca-Ibew 176 Jatc Jnt Appren & Trng Fd plays a crucial role in elevating the professionalism within the electrical industry.
This information is meant to be a general summary of Neca-Ibew 176 Jatc Jnt Appren & Trng Fd. 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 2023.
- Investment Income: $296,982
- Program Service Revenue: $2,309,837
- Gross Receipts: $5,261,869
Assets and Liabilities:
- Total Assets: $8,694,850
- Total Liabilities: $56,737
- Net Assets: $8,638,113
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTOR CONTRIBUTIONS
Revenue
$2,309,837
Organization Details
Founding Year
1968
Principal Officer
Dean Goselin
NTEE Category
Code: B30 - Education
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