Overview
What is Carpenters Apprenticeship Reimbursement Program?
The Carpenters Apprenticeship Reimbursement Program, referred to as CAR PROGRAM, is a nonprofit initiative based in Detroit, Michigan. Its primary objective is to financially support eligible employers by reimbursing the wages and benefits they pay to apprentices during their training within the Michigan Statewide Carpenters & Millwrights Joint Apprenticeship and Training Fund's courses. This program aims to incentivize employers to invest in apprenticeships, fostering the development of skilled carpenters and millwrights in the industry.
Is Carpenters Apprenticeship Reimbursement Program legitimate?
Carpenters Apprenticeship Reimbursement Program is a legitimate nonprofit organization registered as a 501(c)(5) entity. Carpenters Apprenticeship Reimbursement Program 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: $0
For more financial information, click here
What is the mission statement of Carpenters Apprenticeship Reimbursement Program?
The Carpenters Apprenticeship Reimbursement Program's mission is to reimburse eligible employers for the wages and additional benefits they pay to their apprentices during their training period with the Michigan Statewide Carpenters & Millwrights Joint Apprenticeship and Training Fund. This initiative aims to support employers in their investment in apprenticeship programs, thereby fostering skilled labor development in the carpentry and millwrights sectors. The program encourages employers to provide on-the-job training and further education to apprentices, ultimately contributing to a skilled workforce in these trades.
What is the revenue of Carpenters Apprenticeship Reimbursement Program?
Carpenters Apprenticeship Reimbursement Program's revenue in 2024 was $591,241.
Who are the executives of Carpenters Apprenticeship Reimbursement Program and what are their salaries?
There 6 volunteers at Carpenters Apprenticeship Reimbursement Program.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $253,390
- Other: $118,623
- Compensation: $0
- Related: $141,486
- Other: $96,727
- Compensation: $0
- Related: $129,764
- Other: $85,430
- Compensation: $0
- Related: $129,281
- Other: $85,380
- Compensation: $0
- Related: $128,881
- Other: $85,430
- 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
Where can I find the form 990 for Carpenters Apprenticeship Reimbursement Program?
Carpenters Apprenticeship Reimbursement Program's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Carpenters Apprenticeship Reimbursement Program
The Carpenters Apprenticeship Reimbursement Program is an initiative designed to provide financial assistance to eligible employers. Its mission is to reimburse these employers for the wages and fringe benefits they pay to their apprentices while they attend the courses offered by the Michigan Statewide Carpenters & Millwrights Joint Apprenticeship and Training Fund. This program aims to support employers in their investment in the education and training of their apprentices, thereby fostering the development of skilled carpenters and millwrights in the workforce. By reimbursing employers for these expenses, the Carpenters Apprenticeship Reimbursement Program helps to alleviate some of the financial burden associated with apprenticeship programs, making it more accessible for both employers and apprentices.
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Impact
October, 2024
The Carpenters Apprenticeship Reimbursement Program significantly impacts both employers and apprentices within the construction industry. By reimbursing qualifying employers for wages and fringe benefits paid to apprentices during their training, the program alleviates financial burdens that can deter companies from hiring and training new workers. This support encourages more employers to engage in workforce development through apprenticeships, leading to a larger pool of skilled carpenters.
For apprentices, the program provides a smoother transition into the workforce, as they can gain practical skills without the fear of inadequate financial support for their employers. As apprentices attend courses with the Michigan Statewide Carpenters & Millwrights Joint Apprenticeship and Training Fund, they not only enhance their knowledge and skillsets but also contribute to their employers' productivity. Ultimately, this creates a more competent labor force and addresses skill shortages in the carpentry field, fostering growth and sustainability in the industry.
This information is meant to be a general summary of Carpenters Apprenticeship Reimbursement Program. 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 2024.
- Investment Income: $28,110
- Program Service Revenue: $563,131
- Gross Receipts: $591,241
Assets and Liabilities:
- Total Assets: $1,177,006
- Total Liabilities: $75,221
- Net Assets: $1,101,785
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$563,131
Organization Details
Founding Year
2000
Principal Officer
Thomas Lutz
NTEE Category
Code: J40 - Employment
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