Overview
What is Local 649 Operating Engineers Apprenticeship Fund?
The Local 649 Operating Engineers Apprenticeship Fund is a nonprofit organization dedicated to providing comprehensive apprentice training. Acting as an employment training organization, their primary focus lies in educating and developing future professionals in their field. The Fund achieves this through the operation of a specialized training program, with the ultimate goal of empowering and preparing apprentices for successful careers.
Official website here: www.iuoe649.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
The Local 649 Operating Engineers Apprenticeship Fund has received an impressive Four-Star rating, reflecting high standards in accountability and finance. The organization has demonstrated a strong commitment to governance, evidenced by having a fully independent board and effective oversight mechanisms, which are crucial for maintaining trust and transparency.
Financially, the organization excels with a low liabilities-to-assets ratio of just 0.03%, indicating solid financial health. Additionally, a program expense ratio of 88.65% shows that a significant majority of its funds are directed toward its core mission of apprenticeship training, rather than administrative costs.
Overall, the fund displays robust practices in managing resources and maintaining accountability. There are no noted limitations in the data, reinforcing the fund's reputation as a reliable nonprofit within its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Local 649 Operating Engineers Apprenticeship Fund legitimate?
Local 649 Operating Engineers Apprenticeship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 649 Operating Engineers 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: $98,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $650,144
For more financial information, click here
Official website here: www.iuoe649.org
What is the mission statement of Local 649 Operating Engineers Apprenticeship Fund?
The Local 649 Operating Engineers Apprenticeship Fund, as an employment training organization, is dedicated to its mission of training apprentices. This is accomplished through the operation of a well-structured training program. The primary focus of this organization is to equip and prepare apprentices for their respective careers in the industry. The fund serves as a vital platform for imparting necessary skills and knowledge to these aspiring professionals, thereby contributing to the overall development of the workforce.
Official website here: www.iuoe649.org
Who is the CEO of Local 649 Operating Engineers Apprenticeship Fund?
Darren Smith is the Trustee of Local 649 Operating Engineers Apprenticeship Fund.
Official website here: www.iuoe649.org
What is the revenue of Local 649 Operating Engineers Apprenticeship Fund?
Local 649 Operating Engineers Apprenticeship Fund's revenue in 2023 was $4,601,454.
Official website here: www.iuoe649.org
Who are the executives of Local 649 Operating Engineers Apprenticeship Fund and what are their salaries?
The average compensation at Local 649 Operating Engineers Apprenticeship Fund during 2023 was $62,382. There are 12 employees at Local 649 Operating Engineers Apprenticeship Fund.
Here are 8 key members and their salaries:
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- Compensation: $98,661
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- Other: $85,511
Official website here: www.iuoe649.org
Where can I find the form 990 for Local 649 Operating Engineers Apprenticeship Fund?
Local 649 Operating Engineers Apprenticeship Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iuoe649.org
Learn more at the official website: www.iuoe649.org
Mission Statement of Local 649 Operating Engineers Apprenticeship Fund
The Local 649 Operating Engineers Apprenticeship Fund is dedicated to the mission of educating and training apprentices. Acting as an employment training organization, its primary focus is on providing comprehensive apprentice training programs. This nonprofit organization is committed to equipping its trainees with the necessary skills and knowledge required to excel in their chosen fields. By operating a structured training program, the Local 649 Operating Engineers Apprenticeship Fund plays a crucial role in fostering the professional growth of its apprentices, ultimately contributing to a skilled workforce.
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Impact
October, 2024
The Local 649 Operating Engineers Apprenticeship Fund has a significant impact by providing comprehensive training programs for apprentices in the operating engineering field. By equipping individuals with the necessary skills and knowledge, this training program not only enhances the workforce but also contributes to the professional development of aspiring engineers.
Based in Bartonville, IL, the fund plays a crucial role in addressing the skill gap in the construction and heavy machinery sectors. Through hands-on experience and specialized training, apprentices gain valuable insights into the operation of complex machinery, safety protocols, and industry best practices. This preparation enables them to enter the workforce with confidence and competence.
Furthermore, the emphasis on apprentice training creates a pathway for economic mobility, allowing participants to secure stable employment and advance their careers. This, in turn, positively affects the local economy by fostering a skilled labor force that is essential for the infrastructure development of the region. Overall, the Local 649 Operating Engineers Apprenticeship Fund is instrumental in shaping a capable workforce, driving economic growth, and ensuring the sustainability of the operating engineering profession.
This information is meant to be a general summary of Local 649 Operating Engineers 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 2023.
- Investment Income: $93,739
- Program Service Revenue: $4,492,187
- Gross Receipts: $4,608,717
Assets and Liabilities:
- Total Assets: $12,471,154
- Total Liabilities: $4,542
- Net Assets: $12,466,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$4,492,187
Organization Details
Founding Year
1969
Phone
(309) 697-1357Principal Officer
Darren Smith
Main Address
7121 W SCHOOLHOUSE RD, BARTONVILLE, IL, 61607
Website
www.iuoe649.orgIf you are a representative of Local 649 Operating Engineers Apprenticeship Fund 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.