Overview
What is Indiana Construction Roundtable Foundation Inc?
Indiana Construction Roundtable Foundation Inc is a nonprofit organization situated in Indianapolis, Indiana, specifically at 6510 Telecom Drive Ste 200. Their mission is to inspire, motivate, and empower individuals to pursue careers in the construction industry and related fields, aiming to foster a more sustainable workforce. To achieve this, they provide construction training courses, which cover topics such as basic safety, tools, construction drawings, and communication skills. Participants can earn up to four industry certifications, engage with industry professionals, and attend a hiring fair upon completion of the course. The program is available in Spanish and even in corrections facilities. Funding for these initiatives comes from a 2-year grant provided by the State of Indiana. The nonprofit also supports other charitable and educational purposes, as permitted by law, and contributes to organizations that share similar exempt statuses.
Official website here: www.indianaconstructionfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
The Indiana Construction Roundtable Foundation Inc. has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial transparency. While the organization scores well in areas such as having a fully independent board and a low liabilities-to-assets ratio, it has significant shortcomings in financial documentation and governance policies. The lack of financial statements and missing conflict of interest and whistleblower policies are particularly notable concerns.
Despite these limitations, the foundation demonstrates a strong commitment to its mission, as evidenced by its high program expense ratio of 86.22%. This suggests that a substantial portion of its resources is directed toward its programs rather than administrative costs. However, the organization would benefit from improving its financial reporting and establishing necessary governance policies to enhance its credibility and trustworthiness.
Overall, while the Indiana Construction Roundtable Foundation Inc. shows potential with its operational focus, addressing the identified gaps in accountability and transparency will be crucial for future growth and stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Construction Roundtable Foundation Inc legitimate?
Indiana Construction Roundtable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Construction Roundtable Foundation Inc 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.
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Official website here: www.indianaconstructionfoundation.org
What is the mission statement of Indiana Construction Roundtable Foundation Inc?
The Indiana Construction Roundtable Foundation Inc's mission is centered around enlightening individuals about career opportunities in the construction industry and related fields. This mission aims to foster a more sustainable workforce. The foundation works towards educating the public about the availability of skilled trades education, training, and job placement in the construction sector. They also raise funds from various sources to support their mission and provide financial assistance to other charitable and educational organizations. Additionally, they engage in activities that serve other charitable and educational purposes, provided they are permitted by law.
Official website here: www.indianaconstructionfoundation.org
Who is the CEO of Indiana Construction Roundtable Foundation Inc?
Chris Price is the Vice Chair And Director of Indiana Construction Roundtable Foundation Inc.
Official website here: www.indianaconstructionfoundation.org
What is the revenue of Indiana Construction Roundtable Foundation Inc?
Indiana Construction Roundtable Foundation Inc's revenue in 2022 was $2,019,781.
Official website here: www.indianaconstructionfoundation.org
Who are the executives of Indiana Construction Roundtable Foundation Inc and what are their salaries?
There 11 volunteers at Indiana Construction Roundtable Foundation Inc.
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Official website here: www.indianaconstructionfoundation.org
Where can I find the form 990 for Indiana Construction Roundtable Foundation Inc?
Indiana Construction Roundtable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indianaconstructionfoundation.org
Learn more at the official website: www.indianaconstructionfoundation.org
Mission Statement of Indiana Construction Roundtable Foundation Inc
Indiana Construction Roundtable Foundation Inc, as a nonprofit organization, is committed to three primary objectives. Firstly, it aims to enlighten individuals about the various career opportunities available in the construction industry and related fields. This mission is driven by a desire to cultivate a more sustainable workforce.
Secondly, Indiana Construction Roundtable Foundation Inc strives to educate the general public about the availability of skilled trades education, training, and job placement. By raising funds from various sources, the foundation supports organizations that align with its charitable and educational purposes, as permitted by applicable law.
Lastly, the foundation provides financial and other forms of assistance to organizations that are exempt from federal income taxation. It also engages in activities that serve other charitable and educational purposes, all while adhering to the guidelines set by code section 501(c)(3). In essence, Indiana Construction Roundtable Foundation Inc is dedicated to fostering a skilled workforce in the construction industry, promoting education and training opportunities, and supporting other charitable organizations.
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Impact
July, 2024
Indiana Construction Roundtable Foundation Inc's impact is significant in educating the general public about skilled construction craft professional employment opportunities and the availability of skilled trades education training. Through its adult programming, the foundation offers construction training courses that equip individuals with essential skills such as safety, construction math, tool proficiency, and communication. Adult learners can earn up to four industry certifications, engage with industry professionals, and access job placement opportunities through hiring fairs. The program's reach extends to Spanish-speaking individuals and correctional facilities, helping to empower diverse communities with valuable construction industry knowledge and resources.
This information is meant to be a general summary of Indiana Construction Roundtable Foundation Inc. 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: $403,349
- Gross Receipts: $2,019,781
Assets and Liabilities:
- Total Assets: $1,002,258
- Total Liabilities: $172,370
- Net Assets: $829,888
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Event Revenue
Revenue
$403,349
Organization Details
Founding Year
2015
Phone
(317) 686-2669Principal Officer
Chris Price
Main Address
6510 Telecom Drive Ste 200, Indianapolis, IN, 46268
NTEE Category
Code: J22 - Employment
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