Overview
What is Kentucky Laborers Joint Apprenticeship And Training Trust Fund?
The Kentucky Laborers Joint Apprenticeship and Training Trust Fund is a nonprofit organization dedicated to educating and training skilled laborers in the construction sector. They operate a school, offering apprenticeship programs to improve proficiency in various trades. Their curriculum includes the acquisition of certifications necessary for handling hazardous materials, ensuring workplace safety. The organization's mission extends to equipping journeymen with the necessary skills, thereby contributing to the safety and efficiency of construction companies.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%, Two-Star out of Four Stars)
The Kentucky Laborers Joint Apprenticeship And Training Trust Fund received a rating indicating that improvements are needed, particularly in its financial practices. While the organization boasts a fully independent board and excellent oversight in terms of financial statement audits and asset management, it falls short in several governance areas, such as lacking a whistleblower policy and documentation for board meeting minutes.
Strengths of the organization include a strong accountability structure, highlighted by a solid liabilities to assets ratio and a program expense ratio that suggests over half of its expenditures are directed towards its mission. However, the low score for program expenses indicates that more could be invested in direct programs rather than administrative costs.
In conclusion, while the Kentucky Laborers Joint Apprenticeship And Training Trust Fund demonstrates robust governance in certain respects, it faces significant weaknesses in policies and transparency, which could affect its overall effectiveness and public trust. Addressing these gaps could improve its standing in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Laborers Joint Apprenticeship And Training Trust Fund legitimate?
Kentucky Laborers Joint Apprenticeship And Training Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Laborers Joint Apprenticeship 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: $324,502
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,266
For more financial information, click here
What is the mission statement of Kentucky Laborers Joint Apprenticeship And Training Trust Fund?
The Kentucky Laborers Joint Apprenticeship and Training Trust Fund operates a school and offers apprenticeship programs for skilled laborers in the construction sector. Its primary mission is to provide training for journeymen, including obtaining necessary certifications for handling hazardous materials, with a focus on ensuring safety. The fund aims to equip these workers with the necessary skills to excel in their respective fields, contributing to the overall success of construction companies.
Who is the CEO of Kentucky Laborers Joint Apprenticeship And Training Trust Fund?
Ed Willoughby is the Trustee of Kentucky Laborers Joint Apprenticeship And Training Trust Fund.
What is the revenue of Kentucky Laborers Joint Apprenticeship And Training Trust Fund?
Kentucky Laborers Joint Apprenticeship And Training Trust Fund's revenue in 2022 was $1,000,943.
Who are the executives of Kentucky Laborers Joint Apprenticeship And Training Trust Fund and what are their salaries?
The average compensation at Kentucky Laborers Joint Apprenticeship And Training Trust Fund during 2022 was $88,128. There are 6 employees at Kentucky Laborers Joint Apprenticeship And Training Trust Fund.
Here are 11 key members and their salaries:
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- Compensation: $116,896
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- Other: $73,292
- Compensation: $61,454
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- Other: $60,483
Where can I find the form 990 for Kentucky Laborers Joint Apprenticeship And Training Trust Fund?
Kentucky Laborers Joint Apprenticeship And Training Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kentucky Laborers Joint Apprenticeship And Training Trust Fund
The Kentucky Laborers Joint Apprenticeship and Training Trust Fund is dedicated to operating a school and providing comprehensive apprenticeship programs for skilled laborers working in construction companies. Its mission is to equip journeymen with essential training, including obtaining necessary certifications for handling hazardous materials, with a primary focus on ensuring safety in the workplace. This nonprofit organization serves as a vital resource in the construction industry, ensuring that laborers are well-equipped with the necessary skills to perform their jobs efficiently and safely.
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Impact
July, 2024
The impact of the Kentucky Laborers Joint Apprenticeship And Training Trust Fund is evident in the skilled labor workforce within the construction industry. By operating a school and providing apprenticeship programs, the organization contributes directly to the development of competent workers. Journeymen who undergo training through the Trust Fund gain essential certifications required for handling hazardous materials, thus ensuring a higher level of safety on construction sites. Ultimately, the Trust Fund plays a vital role in preparing individuals for sustainable employment in a crucial sector of the economy.
This information is meant to be a general summary of Kentucky Laborers Joint Apprenticeship 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: $58,752
- Program Service Revenue: $861,980
- Gross Receipts: $1,000,943
Assets and Liabilities:
- Total Assets: $2,318,673
- Total Liabilities: $70,324
- Net Assets: $2,248,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$861,980
Organization Details
Founding Year
1988
Phone
(502) 839-3155Principal Officer
Ed Willoughby
Main Address
2000 US BYPASS SOUTH, LAWRENCEBURG, KY, 40342
NTEE Category
Code: J22 - Employment
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