Overview
What is Finishing Trades Institute Of The Upper Midwest Trust Fund?
The Finishing Trades Institute of the Upper Midwest Trust Fund is a nonprofit organization that focuses on providing specialized training for individuals in various trades. Its primary mission involves managing an Apprenticeship Training Fund and an Apprenticeship and Training Program. This nonprofit organization establishes and sustains apprenticeship and journeyman training programs for individuals interested in fields such as painting, decorating, drywall finishing, glazing, and glassworking, among others. The trustees have the authority to determine which areas will be covered by these programs. The purpose of these initiatives is to equip individuals with the necessary skills and expertise to excel in their chosen trades.
Official website here: www.ftium.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Finishing Trades Institute Of The Upper Midwest Trust Fund has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. With an overall score derived entirely from its Accountability & Finance metrics, the organization demonstrates strong governance practices, including a fully independent board and robust financial oversight mechanisms.
The organization excels in several key areas, such as having no material diversion of assets, satisfactory liabilities to assets ratio, and thorough documentation of board meeting minutes. However, there are some gaps noted in its policies, particularly the absence of a whistleblower policy, which could enhance transparency and trust.
Despite these limitations, the Trust Fund maintains a commendable program expense ratio, indicating a significant portion of its resources is directed towards its mission. Overall, while there are areas for improvement, the organization shows a commitment to responsible management and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Finishing Trades Institute Of The Upper Midwest Trust Fund legitimate?
Finishing Trades Institute Of The Upper Midwest Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finishing Trades Institute Of The Upper Midwest Trust 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: $991,827
For more financial information, click here
Official website here: www.ftium.edu
What is the mission statement of Finishing Trades Institute Of The Upper Midwest Trust Fund?
The Finishing Trades Institute of the Upper Midwest Trust Fund is dedicated to providing apprenticeship and training programs for individuals in various trades, such as painting, decorating, drywall finishing, glazing, and glassworking. Their mission, as expressed through their Apprenticeship Training Fund and Apprenticeship and Training Program, is to establish and maintain these educational initiatives, aiming to develop skilled workers in these fields. The trust fund serves as a vital resource for individuals seeking to enter and advance in these trades, contributing to the overall growth and development of the relevant industries.
Official website here: www.ftium.edu
Who is the CEO of Finishing Trades Institute Of The Upper Midwest Trust Fund?
Jeff Stark is the Chairman of Finishing Trades Institute Of The Upper Midwest Trust Fund.
Official website here: www.ftium.edu
What is the revenue of Finishing Trades Institute Of The Upper Midwest Trust Fund?
Finishing Trades Institute Of The Upper Midwest Trust Fund's revenue in 2022 was $2,697,111.
Official website here: www.ftium.edu
Who are the executives of Finishing Trades Institute Of The Upper Midwest Trust Fund and what are their salaries?
The average compensation at Finishing Trades Institute Of The Upper Midwest Trust Fund during 2022 was $58,343. There are 17 employees at Finishing Trades Institute Of The Upper Midwest Trust Fund.
Here are 19 key members and their salaries:
- 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: $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: $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: $101,902
- Related: $0
- Other: $56,716
- Compensation: $101,820
- Related: $0
- Other: $56,716
Official website here: www.ftium.edu
Where can I find the form 990 for Finishing Trades Institute Of The Upper Midwest Trust Fund?
Finishing Trades Institute Of The Upper Midwest Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ftium.edu
Learn more at the official website: www.ftium.edu
Mission Statement of Finishing Trades Institute Of The Upper Midwest Trust Fund
The Finishing Trades Institute of the Upper Midwest Trust Fund is committed to carrying out an Apprenticeship Training Fund and an Apprenticeship and Training Program. This nonprofit organization focuses on establishing and maintaining apprenticeship and journeyman training programs for individuals in various trades, such as painting, decorating, drywall finishing, glazing, and glassworking. The trustees of the fund have the authority to determine which other areas will fall under their purview. The primary objective of the Finishing Trades Institute of the Upper Midwest Trust Fund is to equip individuals with the necessary skills and knowledge in these trades, thereby providing them with valuable career opportunities. The trust fund's mission is instrumental in fostering a skilled workforce in the finishing trades, contributing to the overall development and growth of the industry.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The impact of the Finishing Trades Institute of the Upper Midwest Trust Fund is significant in providing quality education and training opportunities through its Apprenticeship Training Fund. By establishing and continuing apprenticeship and journeyman training programs in various finishing trades such as painting, decorating, drywall finishing, glazing, and glassworking, the institute plays a vital role in preparing individuals for successful careers in these fields. This directly contributes to the growth and professionalism of the finishing trades industry by producing skilled and knowledgeable workers who can meet the demands of the market.
This information is meant to be a general summary of Finishing Trades Institute Of The Upper Midwest Trust 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,811
- Program Service Revenue: $2,513,949
- Gross Receipts: $2,697,111
Assets and Liabilities:
- Total Assets: $3,359,502
- Total Liabilities: $185,588
- Net Assets: $3,173,914
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,485,280
STAR FUND REIMBURSEMEN
Revenue
$10,644
TUITION
Revenue
$10,325
REIMB FROM AFFILIATED
Revenue
$5,700
VETERANS AFFAIRS RECEI
Revenue
$2,000
Organization Details
Founding Year
1977
Phone
(651) 379-9600Principal Officer
Jeff Stark
Main Address
3205 COUNTRY DRIVE 150, LITTLE CANADA, MN, 55117
Website
www.ftium.eduNTEE Category
Code: B30 - Education
If you are a representative of Finishing Trades Institute Of The Upper Midwest Trust Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.