Overview
What is Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc?
Operating Engineers' Local 324 Journey-Man and Apprentice Training Fund Inc is a nonprofit organization situated in Howell, Michigan. Its primary mission is to offer educational opportunities for both apprentices and experienced operating engineers in the field of heavy equipment operation. Through this fund, participants receive continual training to enhance their skills and understanding of their roles as operating engineers within the union's jurisdiction. The organization is committed to providing valuable learning experiences to contribute to the advancement of the operating engineer trade. With a staff of 60 individuals, they strive to empower their members and promote professional growth in their specialty.
Official website here: www.oe324.org/tag/jatf/
What are the reviews and ratings of this charity?
**: Needs Improvement**ment**
The Operating Engineers' Local 324 Journey-Man and Apprentice Training Fund Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. The organization's score of 73% is based solely on its Accountability & Finance metrics, highlighting that the nonprofit's financial health primarily reflects its efficiency, sustainability, and trustworthiness. However, it lacks a comprehensive evaluation in key areas such as Leadership & Adaptability, Culture & Community, and Impact & Measurement.
Strengths noted include a solid Program Expense Ratio of 88.53%, suggesting that the majority of its funding is directed toward programs rather than administrative costs. Additionally, the organization maintains a low liabilities-to-assets ratio, indicating sound financial stability. However, significant weaknesses are evident in the lack of independent board members and failure to provide financial statements publicly, which raises concerns about transparency and governance.
User reviews from GreatNonprofits could not be fetched to provide further insights into individual experiences. Nonetheless, the current rating emphasizes a call for the organization to enhance transparency and accountability in its operations to build trust among supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc legitimate?
Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc 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: $2,948,033
For more financial information, click here
Official website here: www.oe324.org/tag/jatf/
What is the mission statement of Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc?
The Operating Engineers' Local 324 Journey-Man and Apprentice Training Fund Inc has a mission to provide ongoing educational opportunities for both apprentices and experienced operating engineers in their field. Established for this purpose, the fund is committed to offering training in the operating engineer trade within its jurisdiction. The primary activities involve the collection and administration of contributions, along with the instruction and training of participants in the operation of heavy equipment and the functions and responsibilities associated with being an operating engineer.
Official website here: www.oe324.org/tag/jatf/
Who is the CEO of Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc?
Scott Hart is the Chairman of Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc.
Official website here: www.oe324.org/tag/jatf/
What is the revenue of Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc?
Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc's revenue in 2022 was $10,054,235.
Official website here: www.oe324.org/tag/jatf/
Who are the executives of Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc and what are their salaries?
The average compensation at Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc during 2022 was $49,134. There are 60 employees and 9 volunteers at Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $141,255
- Other: $74,358
- Compensation: $0
- Related: $134,844
- Other: $74,358
- Compensation: $0
- Related: $129,457
- Other: $73,609
- Compensation: $0
- Related: $102,115
- Other: $70,032
- Compensation: $0
- Related: $98,831
- Other: $69,636
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $133,404
- Related: $0
- Other: $94,557
- Compensation: $113,566
- Related: $0
- Other: $87,894
- Compensation: $113,566
- Related: $0
- Other: $87,894
- Compensation: $113,566
- Related: $0
- Other: $87,894
- Compensation: $113,566
- Related: $0
- Other: $87,894
Official website here: www.oe324.org/tag/jatf/
Where can I find the form 990 for Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc?
Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oe324.org/tag/jatf/
Learn more at the official website: www.oe324.org/tag/jatf/
Mission Statement of Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc
Operating Engineers' Local 324 Journey-Man and Apprentice Training Fund Inc is established with a mission to provide educational opportunities for both apprentices and experienced operating engineers in their respective field. This nonprofit organization is dedicated to maintaining and upholding a fund specifically designed for the purpose of training journeyworkers and apprentices within the operating engineer trade, falling under the jurisdiction of the union. Through this fund, contributions are collected and administered to offer instruction and training programs, focusing on the operation of heavy equipment and the functions and responsibilities associated with being an operating engineer. The ultimate goal of this nonprofit is to equip and empower journeyworkers and apprentices in the operating engineer trade, ensuring they possess the necessary skills and knowledge to excel in their profession.
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Impact
July, 2024
Operating Engineers' Local 324 Journey-Man and Apprentice Training Fund Inc's impact lies in providing crucial continuing education opportunities for apprentices and both new and experienced operating engineers. By collecting and administering contributions, the fund facilitates instruction and training related to the operation of heavy equipment and the responsibilities of being an operating engineer. This initiative, based in Howell, MI, plays a vital role in the development and enhancement of skills within the operating engineer trade, ultimately contributing to a more skilled and competent workforce in this sector.
This information is meant to be a general summary of Operating Engineers' Local 324 Journey- Man And Apprentice Training Fund Inc. 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: $44,697
- Program Service Revenue: $9,584,083
- Gross Receipts: $10,067,863
Assets and Liabilities:
- Total Assets: $25,258,732
- Total Liabilities: $534,006
- Net Assets: $24,724,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$9,060,538
TRAINING SERVICE FEES
Revenue
$347,415
TUITION
Revenue
$105,920
RELATED PARTY RENT
Revenue
$70,210
Organization Details
Founding Year
1964
Phone
(517) 546-9610Principal Officer
Scott Hart
Main Address
275 E HIGHLAND ROAD, HOWELL, MI, 48843
Website
www.oe324.org/tag/jatf/NTEE Category
Code: B31Z - Education
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