Overview
What is Asbestos Workers Local 24 Apprentice- Ship Fund?
Asbestos Workers Local 24 Apprentice-Ship Fund is a nonprofit organization situated in Columbia, Maryland. Its primary focus is to offer a comprehensive training and educational program for apprentices in the field of asbestos work. Additionally, the trustees hold the discretion to extend this program to journeyworkers as well. The organization's activities are solely dedicated to this purpose, ensuring all revenues and expenses are channeled towards this program. With a team of eight individuals, the Fund is committed to equipping and empowering the next generation of asbestos workers with the necessary skills and knowledge.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Asbestos Workers Local 24 Apprenticeship Fund has received a favorable rating of 86%, indicating a strong performance in the area of accountability and finance. This score derives entirely from their accountability measures, showcasing their commitment to maintaining transparency and responsible financial management. Achieving a Three-Star rating reflects a solid operational foundation, with a focus on effective governance.
The organization excels in several key areas, including having a fully independent board, thorough financial audits, and a robust conflict of interest policy. They have demonstrated effective management through their program expense ratio of 75.09%, ensuring that a significant portion of their funds is directed towards their mission. Additionally, they maintain a good liabilities-to-assets ratio of 0.00%, indicating a strong financial position without debt.
While the ratings highlight the strengths of their financial practices, the overall score is solely based on accountability and finance, which may not capture other dimensions such as program impact or community feedback. Future evaluations could benefit from a broader assessment that includes program effectiveness and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Asbestos Workers Local 24 Apprentice- Ship Fund legitimate?
Asbestos Workers Local 24 Apprentice- Ship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asbestos Workers Local 24 Apprentice- Ship 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: $157,456
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,459
For more financial information, click here
What is the mission statement of Asbestos Workers Local 24 Apprentice- Ship Fund?
The Asbestos Workers Local 24 Apprentice-Ship Fund's primary mission is to offer a comprehensive training and educational program for apprentices in their field. This program aims to equip them with necessary skills and knowledge. In addition, the trustees of the fund have the discretion to expand this educational opportunity to journeyworkers, should the situation necessitate it. The organization's sole focus is on this purpose, with all revenues and expenses directly contributing to this objective.
Who is the CEO of Asbestos Workers Local 24 Apprentice- Ship Fund?
Brian Cavey is the Trustee of Asbestos Workers Local 24 Apprentice- Ship Fund.
What is the revenue of Asbestos Workers Local 24 Apprentice- Ship Fund?
Asbestos Workers Local 24 Apprentice- Ship Fund's revenue in 2022 was $552,957.
Who are the executives of Asbestos Workers Local 24 Apprentice- Ship Fund and what are their salaries?
The average compensation at Asbestos Workers Local 24 Apprentice- Ship Fund during 2022 was $31,489. There are 8 employees at Asbestos Workers Local 24 Apprentice- Ship Fund.
Here are 7 key members and their salaries:
- Compensation: $628
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,255
- Related: $0
- Other: $0
- Compensation: $1,571
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $105,244
- Related: $0
- Other: $47,509
Where can I find the form 990 for Asbestos Workers Local 24 Apprentice- Ship Fund?
Asbestos Workers Local 24 Apprentice- Ship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Asbestos Workers Local 24 Apprentice- Ship Fund
Asbestos Workers Local 24 Apprentice-Ship Fund is committed to providing a comprehensive training and educational program for apprentices and, at the discretion of the trustees, journeyworkers. This organization's primary mission is to equip apprentices with the necessary skills and knowledge required for their profession. The program is the primary activity of the organization, and all revenues and expenses are directed towards this purpose. The fund's exempt purpose extends beyond the apprentices, allowing the trustees to offer training and education to journeyworkers as well, further enhancing the skills within the asbestos workers' community.
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Impact
July, 2024
The Asbestos Workers Local 24 Apprentice-Ship Fund has a significant impact on the employment landscape by providing a training and educational program for apprentices and, at the discretion of the trustees, for journeyman workers. By offering these opportunities, the fund helps individuals gain valuable skills and expertise in the asbestos removal industry, ultimately leading to better job prospects and career advancement. This program not only benefits the apprentices and journeyman workers directly involved but also contributes to the overall workforce development in the community.
This information is meant to be a general summary of Asbestos Workers Local 24 Apprentice- Ship 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: $157
- Program Service Revenue: $539,524
- Gross Receipts: $552,957
Assets and Liabilities:
- Total Assets: $2,721,084
- Total Liabilities: $0
- Net Assets: $2,721,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$510,845
REIMB FROM AFFILIATES
Revenue
$28,679
Organization Details
Founding Year
1968
Phone
(410) 872-9500Principal Officer
Brian Cavey
Main Address
7130 COLUMBIA GATEWAY DRIVE, COLUMBIA, MD, 21046
NTEE Category
Code: J22 - Employment
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