Overview
What is Teamsters National Pipe Line Training Fund?
Teamsters National Pipe Line Training Fund is a nonprofit organization established under Section 302(C)(6) by the International Brotherhood of Teamsters and the Pipe Line Contractors Association. Its primary mission is to provide and facilitate vocational training and educational retraining programs for drivers, aiming to enhance their proficiency and skills. This is achieved through the development or provision of upgrading and apprenticeship programs, safety training, and other related educational initiatives. Contributions towards these programs come from participating employers, subject to collectively bargained agreements with the International Brotherhood of Teamsters (the Union). The fund's activities are geared towards improving the competence and expertise of drivers in the field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (54%)
The Teamsters National Pipe Line Training Fund has received a low rating of 54%, reflecting significant concerns regarding its financial accountability and transparency. While the organization boasts a fully independent board and has sound policies in place for conflict of interest and whistleblower protections, these strengths are overshadowed by its poor program expense ratio of 27.91% and a liabilities to assets ratio that raises red flags.
The charity's accountability measures are generally well-established, with effective oversight indicated by the audit and oversight committee scoring a perfect 15 out of 15 points. However, the lack of a publicly available tax form and the low program expense ratio suggest that a substantial portion of its funds may not be directed towards its stated mission, which is a critical issue for potential donors and stakeholders.
In summary, while the Teamsters National Pipe Line Training Fund has some solid governance practices, its financial performance and transparency are significant weaknesses that contribute to its low overall rating. This may warrant further scrutiny from donors looking to support organizations that effectively allocate resources towards their programs.
This AI summary has been generated from information found on Charity Navigator.
Is Teamsters National Pipe Line Training Fund legitimate?
Teamsters National Pipe Line Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teamsters National Pipe Line 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: $349,981
For more financial information, click here
What is the mission statement of Teamsters National Pipe Line Training Fund?
The Teamsters National Pipe Line Training Fund was established under Section 302(C)(6) by the International Brotherhood of Teamsters and the Pipe Line Contractors Association. Its primary purpose is to operate as a trust, primarily funded by contributions from participating employers under collective bargaining agreements with the Union. The organization's mission is to defray expenses for enhancing the proficiency and skills of drivers. This is achieved through the development or provision of upgrading and apprenticeship programs, safety training, and various other related training initiatives.
Who is the CEO of Teamsters National Pipe Line Training Fund?
Marion Davis is the Employer Trustee of Teamsters National Pipe Line Training Fund.
What is the revenue of Teamsters National Pipe Line Training Fund?
Teamsters National Pipe Line Training Fund's revenue in 2022 was $947,612.
Who are the executives of Teamsters National Pipe Line Training Fund and what are their salaries?
The average compensation at Teamsters National Pipe Line Training Fund during 2022 was $69,996. There are 5 employees at Teamsters National Pipe Line Training Fund.
Here are 8 key members and their salaries:
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- Compensation: $133,110
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- Other: $34,464
Where can I find the form 990 for Teamsters National Pipe Line Training Fund?
Teamsters National Pipe Line Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters National Pipe Line Training Fund
The Teamsters National Pipe Line Training Fund, established under Section 302(C)(6) by the International Brotherhood of Teamsters and the Pipe Line Contractors Association, serves as a trust with a mission to alleviate expenses associated with enhancing and improving the competence and abilities of drivers. This is achieved through the creation or provision of upgrading and apprenticeship programs, safety training, and other related training initiatives. The organization receives financial contributions from participating employers, subject to collectively bargained agreements with the International Brotherhood of Teamsters (the Union). In essence, the Teamsters National Pipe Line Training Fund is dedicated to fostering the growth and development of drivers in the pipeline industry by offering various training programs, ensuring safety compliance, and receiving financial support from involved employers and the Union.
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Impact
July, 2024
The impact of Teamsters National Pipe Line Training Fund is significant in the field of vocational training and education for drivers. By providing upgrading and apprenticeship programs, safety training, and other related programs, the organization plays a crucial role in developing and improving the proficiency and skills of drivers. Through its partnerships with participating employers and the International Brotherhood of Teamsters, Teamsters National Pipe Line Training Fund contributes to the enhancement of employment opportunities and the overall safety standards in the pipeline industry.
This information is meant to be a general summary of Teamsters National Pipe Line 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: $321,776
- Program Service Revenue: $624,873
- Gross Receipts: $1,040,327
Assets and Liabilities:
- Total Assets: $10,136,560
- Total Liabilities: $23,713
- Net Assets: $10,112,847
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$624,873
Organization Details
Founding Year
1994
Phone
(202) 624-6800Principal Officer
Marion Davis
Main Address
25 LOUISIANA AVE NW, WASHINGTON, DC, 200012130
NTEE Category
Code: J20Z - Employment
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