Overview
What is Plumbers And Pipefitters Local 502 Educational And Training Trust Fund?
Plumbers and Pipefitters Local 502 Educational and Training Trust Fund is a nonprofit organization based in Louisville, Kentucky, specifically at 4340 Crittenden Drive. Its primary mission is to operate an apprenticeship and journey-level training school for plumbers and pipefitters who are members of Local Union No. 500. This educational institution aims to equip these professionals with the necessary skills and knowledge to excel in their respective fields. The Trust Fund, also known as the Joint Education and Training Fund, employs 57 individuals in carrying out its mission.
What are the reviews and ratings of this charity?
94% rating from Charity Navigator indicates that Plumbers And Pipefitters Local 502 Educational And Training Trust Fund has achieved a Four-Star out of Four Star rating, which reflects strong performance in accountability and finance. This high score is derived solely from their accountability and finance metrics, demonstrating the organization’s commitment to transparency and responsible fund management.
The organization boasts a fully independent board, which enhances its governance structure, as evidenced by the perfect scores in board independence and size. Additionally, their financial health is strong, with an impressively low liabilities to assets ratio of 0.02%, which signifies minimal debt relative to their assets. Their program expense ratio is also noteworthy at 96.10%, indicating that the vast majority of their funds are directed towards their programs rather than administrative costs.
While the data highlights significant strengths in financial management and governance, it does not provide insights on program effectiveness or community impact. Potential supporters may want to consider these areas alongside financial metrics to gain a comprehensive understanding of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Plumbers And Pipefitters Local 502 Educational And Training Trust Fund legitimate?
Plumbers And Pipefitters Local 502 Educational And Training Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plumbers And Pipefitters Local 502 Educational And 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $883,409
For more financial information, click here
What is the mission statement of Plumbers And Pipefitters Local 502 Educational And Training Trust Fund?
The Plumbers and Pipefitters Local 502 Educational and Training Trust Fund's primary objective is to operate an apprenticeship and journeyman training school. This institution is dedicated to providing education and training for plumbers and pipefitters who are members of Plumbers- and Pipefitters' Local Union No. 502. The aim is to equip these professionals with the necessary skills to excel in their respective fields. The training school offers a comprehensive program, ensuring that both apprentices and journeymen gain the required knowledge and experience to thrive in their careers. The trust fund's mission is vital in upholding the standards of the plumbing and pipefitting industry, contributing to the continuous development of its workforce.
Who is the CEO of Plumbers And Pipefitters Local 502 Educational And Training Trust Fund?
Anthony S Lewis is the Trustee - Wa of Plumbers And Pipefitters Local 502 Educational And Training Trust Fund.
What is the revenue of Plumbers And Pipefitters Local 502 Educational And Training Trust Fund?
Plumbers And Pipefitters Local 502 Educational And Training Trust Fund's revenue in 2022 was $3,316,454.
Who are the executives of Plumbers And Pipefitters Local 502 Educational And Training Trust Fund and what are their salaries?
The average compensation at Plumbers And Pipefitters Local 502 Educational And Training Trust Fund during 2022 was $15,498. There are 57 employees and 75 volunteers at Plumbers And Pipefitters Local 502 Educational And Training Trust Fund.
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Where can I find the form 990 for Plumbers And Pipefitters Local 502 Educational And Training Trust Fund?
Plumbers And Pipefitters Local 502 Educational And Training Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Plumbers And Pipefitters Local 502 Educational And Training Trust Fund
Plumbers and Pipefitters Local 502 Educational and Training Trust Fund is dedicated to operating an apprenticeship and journeyman training school. This nonprofit organization focuses on providing education and training for plumbers and pipefitters who are members of Plumbers- and Pipefitters' Local Union No. 502. By operating this school, the Trust Fund aims to equip these professionals with the necessary skills and knowledge to excel in their respective fields. This commitment to education and training is crucial in upholding the high standards of the plumbing and pipefitting industry.
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Impact
July, 2024
Plumbers And Pipefitters Local 502 Educational And Training Trust Fund's impact lies in equipping plumbers and pipefitters with the necessary skills and knowledge to excel in their trades. By operating an apprenticeship and journeyman education and training school, this organization directly contributes to the development of a highly skilled workforce within the plumbing and pipefitting industry. This not only benefits the members of Plumbers- and Pipefitters' Local Union No. 502 but also serves the broader community by providing individuals with employment opportunities and promoting economic growth.
This information is meant to be a general summary of Plumbers And Pipefitters Local 502 Educational And 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: $9,243
- Program Service Revenue: $3,209,223
- Gross Receipts: $3,339,933
Assets and Liabilities:
- Total Assets: $5,705,229
- Total Liabilities: $1,728
- Net Assets: $5,703,501
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER PAYMENTS
Revenue
$2,118,833
TUITION REVENUE
Revenue
$995,305
TEXT BOOK INCOME
Revenue
$70,207
TESTING REIMBURSEMENTS
Revenue
$24,878
Organization Details
Founding Year
2004
Phone
(502) 778-3380Principal Officer
Anthony S Lewis
Main Address
4340 CRITTENDEN DRIVE, LOUISVILLE, KY, 40209
NTEE Category
Code: J22Z - Employment
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