Overview
What is Operating Engineers Local 520 Joint Apprenticeship And Training Fund?
The Operating Engineers Local 520 Joint Apprenticeship and Training Fund is a nonprofit organization situated in Saint Jacob, Illinois. Their primary mission is to educate and upskill its members in the trade of Operating Engineers. They offer essential training and education to new local members, aiming to improve their proficiency in this field. The fund's activities are centered around equipping its members with the necessary skills to excel in their trade, thereby contributing positively to their professional growth.
Official website here: www.oe520.org
What are the reviews and ratings of this charity?
88% rating from Charity Navigator indicates a Three-Star out of Four Star rating for Operating Engineers Local 520 Joint Apprenticeship And Training Fund. This score reflects strong accountability and financial practices, particularly with a high program expense ratio of 98.34%, indicating that the majority of its funds are directed towards its programs.
The organization boasts an entirely independent board, scoring full points for board independence and financial oversight. Additionally, it has demonstrated no material diversion of assets and has robust audit processes in place. However, the absence of a conflict of interest policy and a whistleblower policy raises concerns regarding internal governance.
While the financial health appears sound, with a low liabilities to assets ratio of 14.74%, the lack of certain transparency measures, such as posting tax forms on its website, may limit public trust. Overall, while the organization shows commendable financial responsibility, addressing governance policies could enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Operating Engineers Local 520 Joint Apprenticeship And Training Fund legitimate?
Operating Engineers Local 520 Joint Apprenticeship And Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operating Engineers Local 520 Joint Apprenticeship And 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $525,539
For more financial information, click here
Official website here: www.oe520.org
What is the mission statement of Operating Engineers Local 520 Joint Apprenticeship And Training Fund?
The Operating Engineers Local 520 Joint Apprenticeship and Training Fund is committed to providing education to its members. Their mission is to equip members with the skills necessary to excel in the trade of Operating Engineers. This is achieved by offering comprehensive education and training programs for both new and experienced members. The aim is to enhance their abilities and enable them to perform their duties effectively. This organization is dedicated to fostering the growth and development of its members, thereby strengthening the Operating Engineers community as a whole.
Official website here: www.oe520.org
Who is the CEO of Operating Engineers Local 520 Joint Apprenticeship And Training Fund?
Rusty Redman is the Chairman of Operating Engineers Local 520 Joint Apprenticeship And Training Fund.
Official website here: www.oe520.org
What is the revenue of Operating Engineers Local 520 Joint Apprenticeship And Training Fund?
Operating Engineers Local 520 Joint Apprenticeship And Training Fund's revenue in 2023 was $2,190,626.
Official website here: www.oe520.org
Who are the executives of Operating Engineers Local 520 Joint Apprenticeship And Training Fund and what are their salaries?
The average compensation at Operating Engineers Local 520 Joint Apprenticeship And Training Fund during 2023 was $65,692. There are 8 employees at Operating Engineers Local 520 Joint Apprenticeship And Training Fund.
Here are 9 key members and their salaries:
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- Compensation: $130,353
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- Other: $106,506
Official website here: www.oe520.org
Where can I find the form 990 for Operating Engineers Local 520 Joint Apprenticeship And Training Fund?
Operating Engineers Local 520 Joint Apprenticeship And Training Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oe520.org
Learn more at the official website: www.oe520.org
Mission Statement of Operating Engineers Local 520 Joint Apprenticeship And Training Fund
The Operating Engineers Local 520 Joint Apprenticeship and Training Fund is dedicated to providing education to its members. This nonprofit organization's mission is to equip its members with the necessary skills to excel in the trade of Operating Engineers. It offers comprehensive education and training programs for new local members, aiming to enhance their proficiency in the field. The fund's mission is not limited to novice members; it also seeks to enhance the skills of experienced members, ensuring they remain at the forefront of their trade.
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Impact
October, 2024
The Operating Engineers Local 520 Joint Apprenticeship and Training Fund plays a vital role in enhancing the skill sets of both new and experienced members in the field of operating engineering. By providing comprehensive education and training, it ensures that local members in Saint Jacob, IL, are well-equipped to perform their trade effectively and safely.
This training program not only prepares newcomers for the demands of the industry but also offers experienced members opportunities to enhance their skills, keeping them competitive and up-to-date with the latest technologies and practices. This commitment to education significantly contributes to the workforce's overall competency, promoting safety and efficiency on job sites, and ultimately benefiting the broader community through a skilled workforce.
By fostering a well-trained labor pool, the Fund supports job opportunities, drives economic growth, and contributes to higher standards in the construction and engineering industries within the region.
This information is meant to be a general summary of Operating Engineers Local 520 Joint Apprenticeship And 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $146,250
- Program Service Revenue: $1,999,327
- Gross Receipts: $2,190,626
Assets and Liabilities:
- Total Assets: $13,118,428
- Total Liabilities: $1,933,780
- Net Assets: $11,184,648
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,999,327
Organization Details
Founding Year
1972
Phone
(618) 644-5282Principal Officer
Rusty Redman
Main Address
1969 TRIAD ROAD, ST JACOB, IL, 62281
Website
www.oe520.orgNTEE Category
Code: J22 - Employment
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