Overview
What is Selcat Trust Fund?
The Selcat Trust Fund is a nonprofit organization situated in Newnan, Georgia, specifically at 90 NEWNAN SOUTH INDUSTRIAL DRIVE. Their primary mission revolves around training approximately 350 electrical line apprentices, combining classroom instruction with ten-day intensive schools. Their objective is to maintain a steady supply of highly skilled and qualified workers within the southeastern outside electrical industry through an "earn-while-you-learn" education model. The Selcat Trust Fund, with a team of 17 individuals, is committed to nurturing the next generation of electrical professionals in the region.
Official website here: www.selcat.com
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 69% (Two-Star out of Four Stars)**
The Selcat Trust Fund has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 69%. This rating indicates some concerns regarding the organization's governance and financial transparency. Notably, the organization lacks independent board members and does not have essential policies such as conflict of interest or whistleblower policies, which impacts its overall accountability.
On a positive note, Selcat Trust Fund has a strong program expense ratio of 87.82%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has reported no material diversion of assets and maintains a healthy liabilities-to-assets ratio. However, their fiscal policies and governance practices require improvement, as indicated by missing policies that are crucial for accountability.
User reviews from GreatNonprofits were not available for this nonprofit. Overall, potential donors and volunteers should consider the strengths in financial management alongside the significant governance weaknesses when evaluating their support for Selcat Trust Fund.
This AI summary has been generated from information found on Charity Navigator.
Is Selcat Trust Fund legitimate?
Selcat Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Selcat 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: $252,997
Professional Fundraising Fees: $0
Other Salaries and Wages: $828,399
For more financial information, click here
Official website here: www.selcat.com
What is the mission statement of Selcat Trust Fund?
The Selcat Trust Fund's mission is centered around supporting the Southeast outside electrical industry by ensuring a steady supply of highly skilled and qualified workers. They achieve this through an earn-while-you-learn education program. This initiative provides practical training to approximately 350 electrical line apprentices, combining classroom instruction with periodic intensive schools. The goal is to equip the industry with a capable workforce, thus strengthening its operational capacity.
Official website here: www.selcat.com
Who is the CEO of Selcat Trust Fund?
Danial Haddad is the Director of Selcat Trust Fund.
Official website here: www.selcat.com
What is the revenue of Selcat Trust Fund?
Selcat Trust Fund's revenue in 2022 was $8,349,320.
Official website here: www.selcat.com
Who are the executives of Selcat Trust Fund and what are their salaries?
The average compensation at Selcat Trust Fund during 2022 was $63,612. There are 17 employees at Selcat Trust Fund.
Here are 9 key members and their salaries:
- Compensation: $252,997
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.selcat.com
Where can I find the form 990 for Selcat Trust Fund?
Selcat Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.selcat.com
Learn more at the official website: www.selcat.com
Mission Statement of Selcat Trust Fund
Selcat Trust Fund, a nonprofit organization, is dedicated to ensuring the Southeast outside electrical industry has a steady supply of highly skilled and qualified workers. They achieve this through their Earn-While-You-Learn education program. This initiative equips approximately 350 electrical line apprentices with the necessary skills through a combination of classroom instruction and periodic intensive schools. The Selcat Trust Fund's mission is to support the electrical industry by nurturing a workforce that is both skilled and qualified, thereby ensuring the industry's continued success and growth.
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Impact
July, 2024
The impact of Selcat Trust Fund is evident in its mission to provide highly skilled and qualified workers to the southeast outside electrical industry through its innovative earn-while-you-learn education program. By training approximately 350 electrical line apprentices through classroom instruction and intensive schools, Selcat Trust Fund is playing a crucial role in ensuring the industry has a competent workforce. This not only benefits the apprentices by providing them with valuable skills and education but also serves the community by supporting a vital sector of the economy.
This information is meant to be a general summary of Selcat 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: $239,300
- Program Service Revenue: $8,110,020
- Gross Receipts: $8,349,320
Assets and Liabilities:
- Total Assets: $25,066,363
- Total Liabilities: $61,500
- Net Assets: $25,004,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$7,754,779
REIMBURSED COURSE MATERIALS
Revenue
$256,306
MISCELLANEOUS
Revenue
$53,677
UTILITY CONTRIBUTIONS
Revenue
$45,258
Organization Details
Founding Year
1998
Phone
(678) 423-1338Principal Officer
Danial Haddad
Main Address
90 NEWNAN SOUTH INDUSTRIAL DRIVE, NEWNAN, GA, 30263
Website
www.selcat.comNTEE Category
Code: B99Z - Education
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