Local 99-99A Iuoe Joint Apprenticeship Trust Fund

Charity Navigator Rating: One-Star out of Four Stars (50%)

The Local 99-99A IUOE Joint Apprenticeship Trust Fund has received a One-Star rating from Charity Navigator, indicating a need for improvement in its overall effectiveness and financial practices. While the organization scores highly in governance with 100% independent board members and a solid conflict of interest policy, its overall score reflects significant weaknesses in financial management, particularly in its program expense ratio.

Strengths of the organization include a fully independent board and an established audit and oversight committee, which contribute positively to its accountability. Additionally, the organization has no material diversion of assets and maintains thorough documentation of board meeting minutes, showing a commitment to transparency and good governance.

However, the organization struggles with a very low program expense ratio of 43.90% and a liabilities to assets ratio of 0.06%, which are concerning indicators of financial health and efficiency. These financial issues suggest that a larger portion of its resources may not be directed towards its core programs, potentially affecting its mission and impact in the community.

This AI summary has been generated from information found on Charity Navigator.

Local 99-99A Iuoe Joint Apprenticeship Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 99-99A Iuoe Joint Apprenticeship 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $369,195

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