Overview
What is Construction Education Trust?
Construction Education Trust, operating as SEMCA-Southeastern Michigan Construction Academy, is a nonprofit organization situated in Madison Heights, Michigan. Their primary mission is to prepare the future workforce by educating and training individuals in various construction-related fields. This includes offering courses in carpentry, electrical work, drywall, sheet metal, plumbing, welding, and heating/cooling. The organization is committed to fostering a skilled, motivated, and safety-conscious workforce, aiming to contribute positively to the construction industry. With a team of 37 dedicated individuals, Construction Education Trust is dedicated to shaping the next generation of construction professionals.
Official website here: www.semcaschool.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Construction Education Trust has received a Three-Star rating from Charity Navigator, which indicates a solid performance in the accountability and finance category. The charity's score is based entirely on its accountability and finance metrics, where it earned a score of 77%. This rating reflects the organization's commitment to transparency and responsible financial practices.
Strengths of the organization include a fully independent board, with 100% of its members not having any conflicts of interest, and no material diversion of assets reported. The charity demonstrates strong fiscal management with a program expense ratio of 94.33%, ensuring that the majority of its resources are directed towards its mission. Additionally, key policies pertaining to document retention and board meeting transparency are in place.
However, one notable limitation is the absence of a whistleblower policy, which may raise concerns regarding internal accountability. While the organization demonstrates strong practices in many areas, the presence of such a policy is considered best practice for nonprofits to safeguard against misconduct. Overall, the Construction Education Trust is performing well, but addressing the gap in its policies could enhance its accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Construction Education Trust legitimate?
Construction Education Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Construction Education Trust 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: $285,988
For more financial information, click here
Official website here: www.semcaschool.org/
What is the mission statement of Construction Education Trust?
The Construction Education Trust's mission is centered around preparing the workforce of tomorrow. Their objective is to develop a skilled, motivated, and safety-conscious workforce. To achieve this, they offer an apprenticeship program, providing courses in various trades such as carpentry, electrical work, drywall, sheet metal, plumbing, welding, and heating/cooling. This training aims to equip the future workforce with the necessary skills and safety awareness to excel in their chosen fields.
Official website here: www.semcaschool.org/
Who is the CEO of Construction Education Trust?
Rob Molnar is the Principal Officer of Construction Education Trust. The CEO's salary of Construction Education Trust is $0 and their total compensation is $171,298.
Official website here: www.semcaschool.org/
What is the revenue of Construction Education Trust?
Construction Education Trust's revenue in 2022 was $1,686,854.
Official website here: www.semcaschool.org/
Who are the executives of Construction Education Trust and what are their salaries?
The average compensation at Construction Education Trust during 2022 was $7,729. There are 37 employees and 6 volunteers at Construction Education Trust.
Here are 7 key members and their salaries (Construction Education Trust's CEO's salary is $0 and their total compensation is $171,298):
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $157,923
- Other: $13,375
Official website here: www.semcaschool.org/
Where can I find the form 990 for Construction Education Trust?
Construction Education Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.semcaschool.org/
Learn more at the official website: www.semcaschool.org/
Mission Statement of Construction Education Trust
Construction Education Trust, as a nonprofit organization, is committed to a mission of shaping tomorrow's workforce. This mission is centered around equipping the future workforce with essential skills, motivating them, and instilling a strong sense of safety consciousness. By offering various apprenticeship programs, Construction Education Trust provides courses in different trades such as carpentry, electrical work, drywall, sheet metal, plumbing, welding, and heating/cooling systems. Through these programs, the organization aims to prepare the next generation of workers to excel in their respective fields, fostering a motivated and competent workforce.
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Impact
July, 2024
Construction Education Trust plays a crucial role in shaping the workforce of tomorrow by providing extensive training programs in various skilled trades. Through their apprenticeship program, they offer courses in carpentry, electrical work, drywall installation, sheet metal work, plumbing, welding, and heating/cooling systems. By equipping students with the necessary skills and knowledge in these trades, Construction Education Trust is actively contributing to the development of a skilled, motivated, and safety-conscious workforce. Their impact extends beyond just educating individuals; it influences the construction industry as a whole by ensuring a steady supply of competent workers ready to meet the demands of the field.
This information is meant to be a general summary of Construction Education Trust. 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.
- Program Service Revenue: $1,204,954
- Gross Receipts: $1,686,854
Assets and Liabilities:
- Total Assets: $1,923,037
- Total Liabilities: $83,486
- Net Assets: $1,839,551
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,171,621
ABC LEASE
Revenue
$33,333
Organization Details
Founding Year
1994
Phone
(248) 298-3600Principal Officer
Rob Molnar
Main Address
31800 SHERMAN AVENUE, MADISON HEIGHTS, MI, 48071
Website
www.semcaschool.org/NTEE Category
Code: B32Z - Education
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