Overview
What is Apprentice And Journeyman Training Trust Fund Of The Electrical Indust?
The Apprentice and Journeyman Training Trust Fund of the Electrical Industry is a nonprofit organization dedicated to educating and enhancing the skills of electrical workers. Based in Madison Heights, Michigan, the trust funded the training of approximately 700 apprentices, providing them with essential electrician basics. Additionally, it upgraded the skills of journey-level electricians through code updates and the application of new methods. The trust's primary mission is to educate electrical construction and telecommunications installation professionals, ensuring they remain up-to-date with industry advancements.
Official website here: www.poweringmichigansfuture.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
The Apprentice And Journeyman Training Trust Fund Of The Electrical Industry has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's overall score is derived entirely from the Accountability & Finance beacon, highlighting its strong financial practices. With an 88% score in this category, the organization demonstrates effective management of resources and a commitment to transparency.
Among its strengths, the organization boasts a fully independent board, scoring full points in board independence and size. Additionally, its financial oversight is robust, with strong scores in financial statements and asset management. The low liabilities to assets ratio and a significant program expense ratio of 98.62% further illustrate its dedication to programmatic activities, ensuring that the majority of funds are directed towards its mission.
However, there are areas for improvement, as the absence of a conflict of interest policy is noted and accounted for in the score. While the charity maintains a whistleblower policy and meets other compliance requirements, addressing this gap could enhance its overall governance framework. Overall, the organization is positioned well, but enhancing certain policies would further strengthen its accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Apprentice And Journeyman Training Trust Fund Of The Electrical Indust legitimate?
Apprentice And Journeyman Training Trust Fund Of The Electrical Indust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Apprentice And Journeyman Training Trust Fund Of The Electrical Indust 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
Official website here: www.poweringmichigansfuture.com
What is the mission statement of Apprentice And Journeyman Training Trust Fund Of The Electrical Indust?
The Apprentice and Journeyman Training Trust Fund of the Electrical Indust's mission is centered around educating electricians in the intricacies of electrical construction and telecommunications installations. The primary objective of the trust is to equip apprentices with fundamental electrician skills and enhance the skills of journeyman electricians through updates in codes and the application of new methods. The trust has successfully funded the education of approximately 700 apprentices and provided training to improve the skills of journeyman electricians, ensuring they stay up-to-date with the latest techniques in the field.
Official website here: www.poweringmichigansfuture.com
Who is the CEO of Apprentice And Journeyman Training Trust Fund Of The Electrical Indust?
E Craig Young is the Benefits Dir of Apprentice And Journeyman Training Trust Fund Of The Electrical Indust.
Official website here: www.poweringmichigansfuture.com
What is the revenue of Apprentice And Journeyman Training Trust Fund Of The Electrical Indust?
Apprentice And Journeyman Training Trust Fund Of The Electrical Indust's revenue in 2023 was $4,541,313.
Official website here: www.poweringmichigansfuture.com
Who are the executives of Apprentice And Journeyman Training Trust Fund Of The Electrical Indust and what are their salaries?
There 6 volunteers at Apprentice And Journeyman Training Trust Fund Of The Electrical Indust.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $350,000
- Other: $52,839
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.poweringmichigansfuture.com
Where can I find the form 990 for Apprentice And Journeyman Training Trust Fund Of The Electrical Indust?
Apprentice And Journeyman Training Trust Fund Of The Electrical Indust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.poweringmichigansfuture.com
Learn more at the official website: www.poweringmichigansfuture.com
Mission Statement of Apprentice And Journeyman Training Trust Fund Of The Electrical Indust
The Apprentice and Journeyman Training Trust Fund of the Electrical Indust is dedicated to educating electricians in the techniques of electrical construction and telecommunications installations. Its primary objective, as stated in its exempt purpose, is to enhance the skills of both apprentices and journeywoman electricians.
The Trust plays a crucial role in the education of approximately 700 apprentices, teaching them the fundamental skills required of an electrician. Beyond apprentices, the Trust also provides training for journeywoman electricians, helping them improve their skills through updates in codes and the application of new methods. This continuous learning and skill development are essential in the ever-evolving field of electrical construction and telecommunications installations.
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Impact
July, 2024
The Apprentice and Journeyman Training Trust Fund of the Electrical Industry has a significant impact on the electrician workforce. It plays a crucial role in educating and training approximately 700 apprentices, thereby ensuring that they acquire the necessary basic skills required for the profession. Additionally, the trust fund also focuses on improving the skills of journeyman electricians by providing training in code updates and new methods of electrical construction and telecommunications installations. This training enables journeyman electricians to stay up-to-date with industry standards and advancements. Overall, the trust fund contributes to enhancing the quality of the electrical workforce, ultimately benefiting the industry as a whole.
This information is meant to be a general summary of Apprentice And Journeyman Training Trust Fund Of The Electrical Indust. 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: $264,761
- Program Service Revenue: $4,276,552
- Gross Receipts: $4,541,313
Assets and Liabilities:
- Total Assets: $12,600,491
- Total Liabilities: $1,059,147
- Net Assets: $11,541,344
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$4,276,552
Organization Details
Founding Year
1965
Phone
(586) 575-9200Principal Officer
E Craig Young
Main Address
PO BOX 71337, MADISON HTS, MI, 480710337
NTEE Category
Code: J200 - Employment
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