Overview
What is West Virginia Laborers' Training Trust Fund?
The West Virginia Laborers' Training Trust Fund is a collaborative initiative, serving as a labor-management trust fund. Its primary objective is to prepare the construction industry workforce for the challenges they may encounter in the future. To achieve this, the fund offers comprehensive training programs to its membership. The mission of the West Virginia Laborers' Training Trust Fund is to constantly adapt and evolve, ensuring its members are equipped to tackle the ever-changing demands of the construction sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The West Virginia Laborers' Training Trust Fund has received a commendable three-star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The charity's overall score is primarily derived from its solid financial management practices, which include a high program expense ratio of 72.48%, indicating that a significant portion of its expenditures directly supports its programs.
One of the organization's notable strengths is its governance structure, boasting a fully independent board consisting of 16 members. Additionally, it has received full marks for its financial statements audit and demonstrates no material diversion of assets, which further reinforces its credibility and transparency. However, the charity does have some areas that require improvement, such as the absence of a whistleblower policy and a document retention and destruction policy.
Overall, the West Virginia Laborers' Training Trust Fund exemplifies good accountability practices, but addressing the noted policy gaps could enhance its operational integrity and stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is West Virginia Laborers' Training Trust Fund legitimate?
West Virginia Laborers' Training Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia Laborers' 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $612,519
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What is the mission statement of West Virginia Laborers' Training Trust Fund?
The West Virginia Laborers' Training Trust Fund, as a jointly-managed labor-management trust fund, aims to prepare its construction industry membership for the challenges of tomorrow. Their mission is centered around providing training, with the goal of equipping individuals with the necessary skills to face the evolving demands of their respective fields. This proactive approach seeks to ensure that the workforce is well-equipped to handle the trials and opportunities of the future.
Who is the CEO of West Virginia Laborers' Training Trust Fund?
Jessie King is the Trustee of West Virginia Laborers' Training Trust Fund.
What is the revenue of West Virginia Laborers' Training Trust Fund?
West Virginia Laborers' Training Trust Fund's revenue in 2022 was $2,895,824.
Who are the executives of West Virginia Laborers' Training Trust Fund and what are their salaries?
The average compensation at West Virginia Laborers' Training Trust Fund during 2022 was $43,751. There are 14 employees at West Virginia Laborers' Training Trust Fund.
Here are 12 key members and their salaries:
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Where can I find the form 990 for West Virginia Laborers' Training Trust Fund?
West Virginia Laborers' Training Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of West Virginia Laborers' Training Trust Fund
The West Virginia Laborers' Training Trust Fund, a jointly-administered labor-management trust fund, is dedicated to preparing its construction industry membership for the challenges that lie ahead. Their mission, simply stated, is to equip today's workforce with the necessary skills for the trials of tomorrow. This nonprofit organization is committed to ensuring that its members are well-equipped to handle the evolving demands of the construction industry, thereby securing a prosperous future for all parties involved.
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Impact
July, 2024
The West Virginia Laborers' Training Trust Fund has a significant impact on the construction industry membership by providing essential training programs. These programs help prepare individuals for the challenges of tomorrow in the construction sector, ultimately leading to improved employment opportunities and growth in the workforce. By offering training and skill development, the Trust Fund plays a vital role in enhancing the capabilities and productivity of workers in West Virginia's construction industry. This, in turn, benefits both the individuals who receive training and the industry as a whole.
This information is meant to be a general summary of West Virginia Laborers' 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 2022.
- Investment Income: $410,142
- Program Service Revenue: $2,448,182
- Gross Receipts: $2,917,700
Assets and Liabilities:
- Total Assets: $21,726,240
- Total Liabilities: $106,377
- Net Assets: $21,619,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$2,448,182
Organization Details
Founding Year
1967
Phone
(304) 489-9665Principal Officer
Jessie King
Main Address
P O Box 6, Mineral Wells, WV, 26150
NTEE Category
Code: J22 - Employment
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