Overview
What is Sprinkler Fitters Local 417 Training Fund?
The Sprinkler Fitters Local 417 Training Fund is a nonprofit organization situated in Shoreview, Minnesota. Its primary objective is to facilitate an apprenticeship training program and maintain a school dedicated to the development of employees, journeymen, and instructors within the field. The fund provides essential resources such as facilities, tools, equipment, textbooks, materials, and supplies to support its mission. The Sprinkler Fitters Local 417 Training Fund plays a crucial role in nurturing and equipping professionals in the sprinkler fitting industry.
Official website here: www.local417training.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Sprinkler Fitters Local 417 Training Fund has achieved an impressive 96% score, reflecting its strong accountability and finance protocols. This high rating is solely based on the Accountability & Finance category, indicating the organization’s commitment to ethical management and transparency in its operations.
A significant strength of the organization is its governance structure, which features a board composed entirely of independent members. This independence contributes to robust oversight, as highlighted by perfect scores in areas such as financial audits, conflict of interest policies, and material diversion of assets. The organization also demonstrates effective financial management, with a low liabilities-to-assets ratio and a high program expense ratio, ensuring that the majority of its funds are directed toward programs rather than administrative costs.
However, while the organization excels in accountability, potential donors might want to seek additional information about its programmatic impact and outreach efforts, as the current rating does not encompass these aspects. Overall, the Sprinkler Fitters Local 417 Training Fund stands out as a well-managed nonprofit with exemplary financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Sprinkler Fitters Local 417 Training Fund legitimate?
Sprinkler Fitters Local 417 Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sprinkler Fitters Local 417 Training 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: $519
Professional Fundraising Fees: $0
Other Salaries and Wages: $233,800
For more financial information, click here
Official website here: www.local417training.com
What is the mission statement of Sprinkler Fitters Local 417 Training Fund?
The Sprinkler Fitters Local 417 Training Fund is committed to running an apprenticeship training program and operating a school for the professional development of employees, journeymen, and instructors. The fund provides necessary facilities, tools, equipment, textbooks, materials, and supplies to uphold its mission. Its primary objective is to educate and train individuals in the field of sprinkler fitting, ensuring they are well-equipped to excel in their careers.
Official website here: www.local417training.com
Who is the CEO of Sprinkler Fitters Local 417 Training Fund?
Sean Flaherty is the Trustee of Sprinkler Fitters Local 417 Training Fund.
Official website here: www.local417training.com
What is the revenue of Sprinkler Fitters Local 417 Training Fund?
Sprinkler Fitters Local 417 Training Fund's revenue in 2022 was $612,080.
Official website here: www.local417training.com
Who are the executives of Sprinkler Fitters Local 417 Training Fund and what are their salaries?
The average compensation at Sprinkler Fitters Local 417 Training Fund during 2022 was $21,302. There are 11 employees at Sprinkler Fitters Local 417 Training Fund.
Here are 9 key members and their salaries:
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- Other: $0
- Compensation: $519
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $135,990
- Related: $0
- Other: $77,058
Official website here: www.local417training.com
Where can I find the form 990 for Sprinkler Fitters Local 417 Training Fund?
Sprinkler Fitters Local 417 Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.local417training.com
Learn more at the official website: www.local417training.com
Mission Statement of Sprinkler Fitters Local 417 Training Fund
The Sprinkler Fitters Local 417 Training Fund is dedicated to providing comprehensive apprenticeship training for its members, encompassing both employees and journeymen, as well as instructors. Situated in a school, this nonprofit organization ensures that it has all the necessary facilities, tools, equipment, textbooks, materials, and supplies to fulfill its mission effectively. The Sprinkler Fitters Local 417 Training Fund is committed to fostering continuous learning and skill development within the sprinkler fitting industry.
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Impact
July, 2024
The Sprinkler Fitters Local 417 Training Fund's impact is evident through its robust apprenticeship training program. By providing hands-on training, specialized education, and access to necessary resources and materials, the fund plays a crucial role in developing skilled professionals in the field of sprinkler fitting. This training not only benefits individual apprentices by equipping them with the knowledge and skills needed for success but also contributes to the overall quality of work in the industry. Additionally, by maintaining a school for employee, journeyman, and instructor training, the fund ensures a continuous cycle of learning and knowledge-sharing, fostering a culture of excellence within the industry. Overall, the impact of the Sprinkler Fitters Local 417 Training Fund resonates through the development of competent professionals and the elevation of standards in the field.
This information is meant to be a general summary of Sprinkler Fitters Local 417 Training 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: $9,142
- Program Service Revenue: $569,152
- Gross Receipts: $664,203
Assets and Liabilities:
- Total Assets: $2,917,003
- Total Liabilities: $170,342
- Net Assets: $2,746,661
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$523,085
ITF TRAINING REIMBURSEMENT
Revenue
$26,500
CLASS FEES INCOME
Revenue
$15,112
APPLICATION FEE INCOME
Revenue
$4,455
Organization Details
Founding Year
1998
Phone
(612) 781-5834Principal Officer
Sean Flaherty
Main Address
529 COUNTY ROAD E WEST, SHOREVIEW, MN, 55126
Website
www.local417training.comNTEE Category
Code: B30 - Education
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