Overview
What is Baltimore Elec Jatc Trust Fund?
The Baltimore Elec Jatc Trust Fund is a nonprofit organization situated in Baltimore, Maryland, specifically at 2699 W PATAPSCO AVENUE. Its primary mission is to offer training and education programs for electrical apprentices, journey-level electricians, and other participating members of Local Union No. 24 in the Baltimore area. The fund's activities are dedicated to equipping these individuals with the necessary skills for the electrical industry. With a team of 25 employees, the Baltimore Elec Jatc Trust Fund plays a significant role in nurturing talent and advancing the electrical sector in its local community.
Official website here: www.jatc24.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Baltimore Electric JATC Trust Fund has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scores particularly well in areas such as board independence and financial oversight, reflecting strong governance practices. The lack of a conflict of interest policy and other compliance documents, however, suggests areas for improvement.
The charity demonstrates a commendable program expense ratio of 67.29%, which indicates that a significant portion of its expenses is directed towards its programs. Additionally, the organization has no material diversion of assets and maintains a favorable liabilities to assets ratio of 0.09%, which speaks to its financial stability.
Despite these strengths, the absence of certain policies, such as whistleblower and document retention, raises concerns about transparency and accountability. Addressing these gaps could further enhance the Trust Fund's reputation and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Baltimore Elec Jatc Trust Fund legitimate?
Baltimore Elec Jatc Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baltimore Elec Jatc 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: $119,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $768,857
For more financial information, click here
Official website here: www.jatc24.org
What is the mission statement of Baltimore Elec Jatc Trust Fund?
The Baltimore Elec JATC Trust Fund is committed to educating and training apprentices in the electrical industry. Its primary objective is to provide programs focused on the development of electrical apprentices, journeymen, and other participants from Local Union No. 24, fostering growth and expertise within this field. By offering tailored educational resources, the fund aims to equip these individuals with the necessary skills to excel in their careers.
Official website here: www.jatc24.org
Who is the CEO of Baltimore Elec Jatc Trust Fund?
Neil E Wilford Jr is the Secretary of Baltimore Elec Jatc Trust Fund.
Official website here: www.jatc24.org
What is the revenue of Baltimore Elec Jatc Trust Fund?
Baltimore Elec Jatc Trust Fund's revenue in 2022 was $2,357,559.
Official website here: www.jatc24.org
Who are the executives of Baltimore Elec Jatc Trust Fund and what are their salaries?
The average compensation at Baltimore Elec Jatc Trust Fund during 2022 was $35,522. There are 25 employees at Baltimore Elec Jatc Trust Fund.
Here are 9 key members and their salaries:
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- Compensation: $119,194
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Official website here: www.jatc24.org
Where can I find the form 990 for Baltimore Elec Jatc Trust Fund?
Baltimore Elec Jatc Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jatc24.org
Learn more at the official website: www.jatc24.org
Mission Statement of Baltimore Elec Jatc Trust Fund
The Baltimore Electrical JATC Trust Fund is dedicated to an important mission: to instruct and educate apprentices in the electrical industry within the Baltimore, Maryland area. This nonprofit organization's primary objective is to provide comprehensive training programs for electrical apprentices, journeyworkers, and other participating members of Local Union No. 24. The Baltimore Electrical JATC Trust Fund's commitment to this mission is evident in their diverse range of educational initiatives, which are designed to equip individuals with the necessary skills and knowledge to succeed in the electrical industry.
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Impact
July, 2024
The Baltimore Elec Jatc Trust Fund plays a crucial role in the Baltimore, Maryland area by providing programs for the training and education of electrical apprentices, journeymen, and other individuals participating in Local Union No. 24. Through its efforts, the trust fund contributes to the development of skilled workers in the electrical industry, ultimately enhancing employment opportunities and fostering a stronger workforce in the region.
This information is meant to be a general summary of Baltimore Elec Jatc 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: $59,538
- Program Service Revenue: $2,207,965
- Gross Receipts: $3,356,965
Assets and Liabilities:
- Total Assets: $10,588,788
- Total Liabilities: $47,949
- Net Assets: $10,540,839
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS BY PARTI
Revenue
$2,207,965
Organization Details
Founding Year
1989
Phone
(410) 247-3313Principal Officer
Neil E Wilford Jr
Main Address
2699 W PATAPSCO AVENUE, BALTIMORE, MD, 21230
Website
www.jatc24.orgNTEE Category
Code: J22 - Employment
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