Overview
What is Service Contract Education And Training Trust Fund?
The Service Contract Education and Training Trust Fund is a joint labor-management initiative, established in 1978 by the Laborers' International Union of North America (LIUNA) and various associated employers. Based in Washington D.C., this nonprofit organization primarily aims to enhance the employability, productivity, skills, and knowledge of workers in the service contract industry. It achieves this goal through various training methods such as on-the-job training, classroom sessions, and collaborations with third-party training providers. The Trust Fund, with a modest workforce of 4 individuals, is dedicated to providing education and job training benefits to contribute to the overall growth and development of its members.
Official website here: www.scettf.org
Is Service Contract Education And Training Trust Fund legitimate?
Service Contract Education And Training Trust Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Service Contract Education And Training 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: $185,654
Professional Fundraising Fees: $0
Other Salaries and Wages: $232,818
For more financial information, click here
Official website here: www.scettf.org
What is the mission statement of Service Contract Education And Training Trust Fund?
The Service Contract Education and Training Trust Fund, established in 1978 by the Laborers' International Union of North America (LIUNA) and associated employers, serves as a joint labor-management trust fund. Its primary purpose is to provide education and job training benefits for employees in the service contract industry. This is done to enhance their employability, productivity, skills, and knowledge, thereby fostering their overall professional growth. The fund aims to support the employees in the sector, thereby contributing to the industry's development.
Official website here: www.scettf.org
What is the revenue of Service Contract Education And Training Trust Fund?
Service Contract Education And Training Trust Fund's revenue in 2024 was $1,425,369.
Official website here: www.scettf.org
Who are the executives of Service Contract Education And Training Trust Fund and what are their salaries?
The average compensation at Service Contract Education And Training Trust Fund during 2024 was $104,618. There are 4 employees at Service Contract Education And Training Trust Fund.
Here are 10 key members and their salaries:
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- Compensation: $106,173
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- Other: $79,481
- Compensation: $124,716
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- Other: $81,412
Official website here: www.scettf.org
Where can I find the form 990 for Service Contract Education And Training Trust Fund?
Service Contract Education And Training Trust Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.scettf.org
Learn more at the official website: www.scettf.org
Mission Statement of Service Contract Education And Training Trust Fund
The Service Contract Education and Training Trust Fund, established in 1978, is a joint labor-management trust fund. This organization, initiated by the Laborers' International Union of North America (LIUNA) and various employers, is primarily dedicated to providing education and job training benefits for employees in the service contract industry. Its mission is to enhance the employability, productivity, skills, and knowledge of these employees, thereby fostering their overall career growth. The SCETT Fund aims to contribute to the development of a skilled workforce within the service contract industry.
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Impact
October, 2024
The Service Contract Education and Training Trust Fund (SCETT) significantly impacts the service contract industry by enhancing the skills and employability of workers. Established in 1978 through a collaboration between the Laborers' International Union of North America (LIUNA) and various employers, SCETT focuses on providing comprehensive training to employees through on-the-job experience, classroom instruction, and third-party training programs.
By equipping workers with essential skills and knowledge, SCETT fosters greater productivity and job readiness, which ultimately benefits both employees and employers in the industry. The training offered not only improves individual career prospects but also contributes to a more skilled workforce, which can lead to increased efficiency and higher standards of service within the sector. Overall, SCETT plays a crucial role in empowering workers and enhancing the quality of the service contract industry through its targeted educational initiatives.
This information is meant to be a general summary of Service Contract Education And Training 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 2024.
- Investment Income: $123,609
- Program Service Revenue: $1,300,487
- Gross Receipts: $1,430,867
Assets and Liabilities:
- Total Assets: $11,312,980
- Total Liabilities: $76,904
- Net Assets: $11,236,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,300,487
Organization Details
Founding Year
1978
Principal Officer
Michael F Sabitoni
Website
www.scettf.orgNTEE Category
Code: J22 - Employment
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