Overview
What is Sioux City Iowa Joint Apprenticeship & Training Trust?
The Sioux City Iowa Joint Apprenticeship & Training Trust is a community-focused nonprofit organization located in Iowa. Its primary mission is to educate and train electrical apprentices through comprehensive employment programs. By providing hands-on learning opportunities, the trust plays a vital role in shaping the skills and knowledge of future electrical professionals, contributing to the local workforce and the broader industry. The trust's commitment to apprenticeship training ensures a steady supply of skilled workers, bolstering the economic growth and development of the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Sioux City Iowa Joint Apprenticeship & Training Trust has earned an 87% rating, indicating strong performance in accountability and finance. The organization boasts a fully independent board, ensuring unbiased governance. High scores in areas such as financial oversight, conflict of interest policy, and material diversion of assets reflect their commitment to transparency and effective management.
Their program expense ratio stands at 67.73%, suggesting a significant portion of their budget is directed towards programs rather than administrative costs. Additionally, the organization has demonstrated sound financial health with a low liabilities-to-assets ratio of 0.43%, which indicates stability and effective resource management.
While the organization shows commendable strengths, continuous monitoring of their program expenses and further enhancements in financial management practices could help increase their overall impact. Overall, the Sioux City Iowa Joint Apprenticeship & Training Trust appears to be a reliable nonprofit focused on providing apprenticeship and training opportunities.
This AI summary has been generated from information found on Charity Navigator.
Is Sioux City Iowa Joint Apprenticeship & Training Trust legitimate?
Sioux City Iowa Joint Apprenticeship & Training Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sioux City Iowa Joint Apprenticeship & Training 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: $76,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,450
For more financial information, click here
What is the mission statement of Sioux City Iowa Joint Apprenticeship & Training Trust?
The Sioux City Joint Apprenticeship and Training Trust focuses on a mission to educate and train electrical apprentices through their employment-based programs. By providing this training, the organization seeks to equip individuals with the necessary skills to excel in the electrical field. The trust's activities primarily revolve around delivering practical, hands-on learning experiences, aiming to prepare apprentices for successful careers in the electrical industry.
Who is the CEO of Sioux City Iowa Joint Apprenticeship & Training Trust?
Richard Moon is the Principal Officer of Sioux City Iowa Joint Apprenticeship & Training Trust.
What is the revenue of Sioux City Iowa Joint Apprenticeship & Training Trust?
Sioux City Iowa Joint Apprenticeship & Training Trust's revenue in 2023 was $500,173.
Who are the executives of Sioux City Iowa Joint Apprenticeship & Training Trust and what are their salaries?
The average compensation at Sioux City Iowa Joint Apprenticeship & Training Trust during 2023 was $65,650. There are 3 employees and 6 volunteers at Sioux City Iowa Joint Apprenticeship & Training Trust.
Here are 7 key members and their salaries:
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- Compensation: $76,500
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- Other: $24,936
Where can I find the form 990 for Sioux City Iowa Joint Apprenticeship & Training Trust?
Sioux City Iowa Joint Apprenticeship & Training Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sioux City Iowa Joint Apprenticeship & Training Trust
The Sioux City Iowa Joint Apprenticeship & Training Trust is committed to educating electrical apprentices through its employment training programs. This nonprofit organization's mission is to provide a platform for individuals seeking to learn and excel in the electrical field. By offering employment-based training, the Trust enables apprentices to gain practical experience while simultaneously acquiring theoretical knowledge, thereby preparing them for a successful career in the electrical industry.
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Impact
July, 2024
Sioux City Iowa Joint Apprenticeship & Training Trust's impact lies in providing high-quality training for electrical apprentices through their employment training programs. By equipping apprentices with the skills and knowledge needed for successful careers in the electrical field, the trust contributes to a skilled workforce in Sioux City, Iowa. This not only benefits the apprentices themselves by providing them with valuable career opportunities, but also contributes to the overall economic development and growth of the community.
This information is meant to be a general summary of Sioux City Iowa Joint Apprenticeship & Training 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 2023.
- Investment Income: $9,618
- Program Service Revenue: $473,469
- Gross Receipts: $500,173
Assets and Liabilities:
- Total Assets: $909,840
- Total Liabilities: $3,994
- Net Assets: $905,846
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING & SUPPORT FEES
Revenue
$372,816
APPRENTICE ADMIN FEES
Revenue
$45,325
FINES, BOOKS, EXAM FEES
Revenue
$3,528
TRAINING REIMBURSEMENT
Revenue
$51,800
Organization Details
Founding Year
2014
Phone
(712) 274-8733Principal Officer
Richard Moon
Main Address
4647 STONE AVE, SIOUX CITY, IA, 51102
NTEE Category
Code: B30 - Education
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