Overview
What is International Union Of Operating Engineers National Training Fund?
The International Union of Operating Engineers National Training Fund is a nonprofit organization headquartered in Washington, D.C. Their primary mission is to cover the expenses related to training for operating engineers working in various industries. With a workforce of approximately 50 employees, they are dedicated to providing essential training opportunities for these professionals.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
The International Union Of Operating Engineers National Training Fund has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored exceptionally well, particularly in areas such as independent board governance and financial oversight, which are crucial for building trust among donors and stakeholders.
With an impressive program expense ratio of 97.61%, the organization demonstrates a commitment to directing the majority of its resources towards its educational and training initiatives. The absence of any material diversion of assets and the existence of robust policies for conflict of interest and whistleblower protection highlight its dedication to maintaining transparency and ethical standards.
However, while the charity excels in its financial management and governance, there are no detailed insights available regarding its programmatic impact or effectiveness in achieving its mission. This lack of information limits the ability to assess the overall impact of the organization's work beyond its financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is International Union Of Operating Engineers National Training Fund legitimate?
International Union Of Operating Engineers National Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Union Of Operating Engineers National Training 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: $4,108,969
For more financial information, click here
What is the mission statement of International Union Of Operating Engineers National Training Fund?
The International Union Of Operating Engineers National Training Fund is dedicated to managing and financing the training expenses of operating engineers who are employed in diverse industries. Through their commitments, they cover the costs associated with skill development programs for these engineers, ensuring they remain competent and proficient in their respective fields. The organization's primary focus is on providing accessible and comprehensive training opportunities, enabling operating engineers to enhance their expertise and contribute effectively to their industries. By assuming the financial burden of training, the International Union Of Operating Engineers National Training Fund plays a pivotal role in fostering a well-skilled and efficient workforce.
Who is the CEO of International Union Of Operating Engineers National Training Fund?
Christopher Treml is the Trustee of International Union Of Operating Engineers National Training Fund.
What is the revenue of International Union Of Operating Engineers National Training Fund?
International Union Of Operating Engineers National Training Fund's revenue in 2022 was $22,184,912.
Who are the executives of International Union Of Operating Engineers National Training Fund and what are their salaries?
The average compensation at International Union Of Operating Engineers National Training Fund during 2022 was $82,179. There are 50 employees at International Union Of Operating Engineers National Training Fund.
Here are 16 key members and their salaries:
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- Compensation: $124,831
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- Compensation: $124,831
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- Other: $56,174
- Compensation: $124,831
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- Other: $56,174
- Compensation: $124,831
- Related: $0
- Other: $56,174
Where can I find the form 990 for International Union Of Operating Engineers National Training Fund?
International Union Of Operating Engineers National Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of International Union Of Operating Engineers National Training Fund
The International Union Of Operating Engineers National Training Fund is a committed organization that assumes the financial responsibility for providing training costs for Operating Engineers working in diverse industries. By administering and defraying the expenses related to this training, the union enables its workforce to acquire essential skills and knowledge, enhancing their professional growth and industry competitiveness.
Through its mission, the International Union Of Operating Engineers National Training Fund invests in the human capital of the Operating Engineers community. The fund covers the costs associated with various training programs, allowing these engineers to upgrade their skills, adapt to technological advancements, and meet the evolving demands of their respective industries. This extensive training opportunity equips the engineers with the necessary expertise to execute their roles efficiently and effectively, ultimately benefiting their employers and the industry as a whole.
Moreover, the International Union Of Operating Engineers National Training Fund's dedication to training goes beyond the immediate needs of its members. By offering comprehensive and industry-specific programs, the fund fosters a highly skilled and adaptable workforce, contributing to the overall growth and success of the Operating Engineers profession. With a strong emphasis on continuous learning, the International Union Of Operating Engineers National Training Fund remains at the forefront of workforce development, ensuring its members remain competitive and well-equipped to tackle the challenges of their industries.
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Impact
October, 2024
The International Union of Operating Engineers National Training Fund significantly enhances the skills and competencies of operating engineers across various industries. By administering and defraying the costs associated with their training, the Fund ensures that these professionals receive high-quality instruction and resources necessary for their development.
This initiative not only improves the proficiency of individual operators, making them more effective in their roles, but also elevates industry standards as a whole. As a result, employers benefit from a more skilled workforce, which can lead to increased productivity and safety on job sites. Moreover, the Fund plays a crucial role in fostering a sustainable pipeline of qualified operating engineers, ultimately supporting the stability and advancement of the construction and engineering sectors.
Through its targeted training programs, the Fund also aids in workforce development, helping to prepare individuals for successful careers in the industry, thereby contributing to overall employment growth and economic development.
This information is meant to be a general summary of International Union Of Operating Engineers National Training 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: $421,850
- Program Service Revenue: $21,641,053
- Gross Receipts: $22,539,013
Assets and Liabilities:
- Total Assets: $33,130,172
- Total Liabilities: $1,298,441
- Net Assets: $31,831,731
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT FEES
Revenue
$15,101,656
FEDERAL CONTRACTS
Revenue
$6,539,397
Organization Details
Founding Year
1994
Phone
(202) 429-9100Principal Officer
Christopher Treml
Main Address
1125 17TH STREET NW, WASHINGTON, DC, 20036
NTEE Category
Code: J22 - Employment
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