Overview
What is South Florida Operating Engineers Apprentice And Training Trust?
South Florida Operating Engineers Apprentice and Training Trust is a nonprofit organization located at 911 Ridgebrook Road, Sparks, Maryland 21152. Its primary mission is to offer instruction and hands-on practice on construction equipment commonly used within the jurisdiction of the International Union of Operating Engineers Local 487. This well-established organization employs a team of 14 individuals, dedicated to fostering the skills and expertise needed in the construction industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% - Four-Star out of Four Star rating.
The South Florida Operating Engineers Apprentice and Training Trust has achieved an impressive Four-Star rating from Charity Navigator, emphasizing its strong performance in accountability and finance. With a score of 94% in this category, the organization demonstrates a high level of transparency and responsible financial management. This reflects a commitment to ethical practices and effective use of resources, which is crucial for donor confidence.
Strengths highlighted in the data include a fully independent board, with 100% of its eight members meeting independence criteria. The organization has robust financial oversight, including a documented audit and oversight committee, and has established comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention. Additionally, a strong program expense ratio of 80.7% indicates that a significant portion of funds is directed towards its core mission.
While the organization shows no signs of financial misconduct and maintains a healthy liabilities to assets ratio of 14.04%, the summary does not provide insight into programmatic outcomes or community impact. Nevertheless, the strong financial health and governance practices suggest that the organization is well-positioned to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is South Florida Operating Engineers Apprentice And Training Trust legitimate?
South Florida Operating Engineers Apprentice And Training Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Florida Operating Engineers Apprentice And Training Trust 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: $204,311
For more financial information, click here
What is the mission statement of South Florida Operating Engineers Apprentice And Training Trust?
The South Florida Operating Engineers Apprentice and Training Trust is dedicated to providing instruction and hands-on practice on construction equipment commonly used within the jurisdiction of the International Union of Operating Engineers Local 487. Their main objective is to equip individuals with the necessary skills to operate this machinery effectively. By offering comprehensive training programs, they aim to prepare a workforce that can contribute positively to the construction industry within their region. The trust also focuses on ensuring that trainees gain practical experience, which is crucial for their future careers in this field.
Who is the CEO of South Florida Operating Engineers Apprentice And Training Trust?
Mark Schaunaman is the Trustee of South Florida Operating Engineers Apprentice And Training Trust.
What is the revenue of South Florida Operating Engineers Apprentice And Training Trust?
South Florida Operating Engineers Apprentice And Training Trust's revenue in 2022 was $1,018,654.
Who are the executives of South Florida Operating Engineers Apprentice And Training Trust and what are their salaries?
The average compensation at South Florida Operating Engineers Apprentice And Training Trust during 2022 was $14,594. There are 14 employees at South Florida Operating Engineers Apprentice And Training Trust.
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Where can I find the form 990 for South Florida Operating Engineers Apprentice And Training Trust?
South Florida Operating Engineers Apprentice And Training Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Florida Operating Engineers Apprentice And Training Trust
The South Florida Operating Engineers Apprentice and Training Trust is committed to delivering education and hands-on training in the operation of construction machinery that falls under the jurisdiction of the International Union of Operating Engineers Local 487. Its primary objective is to equip individuals with the necessary skills and knowledge to effectively operate such machinery, thereby contributing to the construction industry within its specified scope. By offering instruction and practical experience, the Trust ensures that its trainees gain a comprehensive understanding of the equipment they will encounter on the job, ultimately fostering their professional growth and contributing to the overall success of construction projects.
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Impact
July, 2024
The South Florida Operating Engineers Apprentice And Training Trust plays a crucial role in providing essential training and education on construction equipment within the jurisdiction of the International Union of Operating Engineers Local 487. By offering instruction and hands-on practice, the Trust equips individuals with the skills and knowledge needed to excel in the construction industry. Through its activities, the Trust contributes to the development of a skilled workforce, ultimately impacting employment opportunities in the construction sector.
This information is meant to be a general summary of South Florida Operating Engineers Apprentice And Training Trust. 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: $136,980
- Program Service Revenue: $879,174
- Gross Receipts: $1,531,123
Assets and Liabilities:
- Total Assets: $4,975,422
- Total Liabilities: $17,035
- Net Assets: $4,958,387
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$782,996
SCHOOL BOARD CONTRIBUTIONS
Revenue
$96,178
Organization Details
Founding Year
1974
Phone
(410) 683-6500Principal Officer
Mark Schaunaman
Main Address
911 RIDGEBROOK ROAD, SPARKS, MD, 211529451
NTEE Category
Code: J22 - Employment
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