Plumbers & Pipefitters Local 553 Training Fund

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

EIN: 371030670 ✦ East alton, IL ✦ Designated as a 501(c)(5)

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Overview

What is Plumbers & Pipefitters Local 553 Training Fund?

The Plumbers & Pipefitters Local 553 Training Fund serves as a labor union-affiliated educational institution, situated within their union. Its primary purpose is to offer technical training to apprentices, enabling them to master the necessary skills for their trade. Moreover, the facility is accessible to Journeymen, providing an opportunity to upgrade their expertise with the latest technologies. This nonprofit institution plays a crucial role in fostering the development of skilled workforce in the plumbing and pipefitting sector.

Is Plumbers & Pipefitters Local 553 Training Fund legitimate?

Plumbers & Pipefitters Local 553 Training Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Plumbers & Pipefitters Local 553 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: $160,956

For more financial information, click here

What is the mission statement of Plumbers & Pipefitters Local 553 Training Fund?

The Plumbers and Pipefitters Local 553 Training Fund serves as a labor union training school, dedicated to providing technical education. Its primary objective is to assist apprentices in honing the necessary skills for their trade. Additionally, the facility is accessible to Journeymen, offering them an opportunity to upgrade their skills with the latest technologies. The mission of the Plumbers and Pipefitters Local 553 Training Fund is to equip its students with the necessary tools and knowledge to excel in their field.

Who is the CEO of Plumbers & Pipefitters Local 553 Training Fund?

Matt Toner is the Trustee of Plumbers & Pipefitters Local 553 Training Fund.

What is the revenue of Plumbers & Pipefitters Local 553 Training Fund?

Plumbers & Pipefitters Local 553 Training Fund's revenue in 2022 was $1,869,770.

Who are the executives of Plumbers & Pipefitters Local 553 Training Fund and what are their salaries?

The average compensation at Plumbers & Pipefitters Local 553 Training Fund during 2022 was $53,652. There are 3 employees at Plumbers & Pipefitters Local 553 Training Fund.


Here are 5 key members and their salaries:


Matt Toner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Declue Iii (Employer Truste)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Loellke (Employer Truste)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Schwalb (Business Rep)
  • Compensation: $0
  • Related: $0
  • Other: $0
Herbert H Frohock (Business Mgr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Plumbers & Pipefitters Local 553 Training Fund?

Plumbers & Pipefitters Local 553 Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Plumbers & Pipefitters Local 553 Training Fund

Plumbers & Pipefitters Local 553 Training Fund, serving as a labor union training school, is dedicated to providing technical education. This institution plays a crucial role in nurturing apprentices, enabling them to master the essential skills required in their trade. Moreover, the Training Fund extends its services to Journeymen, offering them an opportunity to upgrade their skills with the latest technologies. By doing so, the Plumbers & Pipefitters Local 553 Training Fund empowers its students with the necessary tools to excel in their respective fields.

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Impact




October, 2024

The Plumbers & Pipefitters Local 553 Training Fund significantly impacts the workforce by providing essential technical education to apprentices, equipping them with the skills necessary to excel in their trade. The training program ensures that new entrants into the plumbing and pipefitting professions receive hands-on experience and instruction tailored to meet industry standards. Additionally, the Fund offers ongoing education for Journeymen, enabling them to stay current with the latest technologies and practices. This continuous skill development not only enhances individual careers but also contributes to a more competent and efficient workforce, ultimately benefiting the community and economy in East Alton, IL, and beyond.




This information is meant to be a general summary of Plumbers & Pipefitters Local 553 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.

Revenue
$1,869,770 (2022)
Expenses
$478,659 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $38,371
  • Program Service Revenue: $722,281
  • Gross Receipts: $1,886,049

Assets and Liabilities:

  • Total Assets: $3,488,376
  • Total Liabilities: $48,216
  • Net Assets: $3,440,160

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Programs

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

NET TRAINING ASSESSMENTS

Revenue

$722,281

Organization Details

Founding Year

1977

Principal Officer

Matt Toner

Main Address

2 SOUTH WESLEY, EAST ALTON, IL, 62024

NTEE Category

Code: J40 - Employment

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