Overview
What is Finishing Trades Institute Of Midwest Trust?
The Finishing Trades Institute of Midwest Trust, situated in Chesterfield, Missouri, is a nonprofit organization primarily focused on providing skill training programs. This institution is dedicated to the well-being and safety of its members, who are part of the International Brotherhood of Painters and Allied Trades. Their mission revolves around offering comprehensive training programs, aiming to enhance the competencies and safeguard the health of their members in the finishing trades sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
The Finishing Trades Institute of Midwest Trust has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain governance and transparency areas. The overall score of 67% reflects acceptable financial management, with a program expense ratio of 89%, suggesting that a significant portion of its budget is allocated towards its programs.
However, the organization faces notable weaknesses in accountability and governance. It has 0% independent board members, which raises concerns about the effectiveness of oversight. Additionally, several essential policies, including conflict of interest, whistleblower, and document retention, are missing, which can impact the organization's overall transparency and ethical standing.
On a positive note, the institute has received full marks in financial statement audits and has no material diversion of assets, indicating sound financial practices in those areas. Nonetheless, the absence of a website link on the tax form and other documentation issues emphasizes the need for improved communication and governance practices to bolster public trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Finishing Trades Institute Of Midwest Trust legitimate?
Finishing Trades Institute Of Midwest Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finishing Trades Institute Of Midwest 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: $670,164
For more financial information, click here
What is the mission statement of Finishing Trades Institute Of Midwest Trust?
The Finishing Trades Institute Of Midwest Trust is dedicated to providing training programs, focusing on the health and safety of its members who belong to the International Brotherhood of Painters and Allied Trades. These programs aim to equip the members with necessary skills, ensuring their well-being and safety in their respective trades. The mission is centered around enhancing the competency and safety of its members, thereby contributing to a secure and proficient workforce within the trade community.
Who is the CEO of Finishing Trades Institute Of Midwest Trust?
Carl Ferrell is the Union Trustee of Finishing Trades Institute Of Midwest Trust.
What is the revenue of Finishing Trades Institute Of Midwest Trust?
Finishing Trades Institute Of Midwest Trust's revenue in 2022 was $1,790,910.
Who are the executives of Finishing Trades Institute Of Midwest Trust and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Finishing Trades Institute Of Midwest Trust?
Finishing Trades Institute Of Midwest Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Finishing Trades Institute Of Midwest Trust
The Finishing Trades Institute of Midwest Trust is dedicated to providing skill training for its members. Their mission is centered around the wellbeing and safety of the members affiliated with the International Brotherhood of Painters and Allied Trades. Through their training programs, they strive to enhance the competence and proficiency of their members, ensuring they operate in a secure and healthy environment.
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Impact
July, 2024
The impact of the Finishing Trades Institute of Midwest Trust is significant in providing skills training for members of the International Brotherhood of Painters and Allied Trades. By offering training programs focused on the health and safety of its members, the institute plays a crucial role in equipping individuals with the necessary skills to succeed in their respective trades. This not only enhances the employability of these individuals but also contributes to creating a safer work environment within the industry. Overall, the institute's impact lies in empowering members to excel in their professions while prioritizing their well-being.
This information is meant to be a general summary of Finishing Trades Institute Of Midwest 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.
- Investment Income: $52,088
- Program Service Revenue: $1,557,138
- Gross Receipts: $1,790,910
Assets and Liabilities:
- Total Assets: $6,795,410
- Total Liabilities: $1,843,523
- Net Assets: $4,951,887
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTORS' CONTRIBUT
Revenue
$1,557,138
Organization Details
Founding Year
1977
Phone
(314) 647-3327Principal Officer
Carl Ferrell
Main Address
18036 EADS AVENUE, CHESTERFIELD, MO, 63005
NTEE Category
Code: J22I - Employment
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