Overview
What is Shreveport Electrical Joint Apprenticeship Training Trust Fund?
The Shreveport Electrical Joint Apprenticeship Training Trust Fund is a nonprofit organization situated in Bossier City, Louisiana. With a team of 16 dedicated individuals, their primary focus is on providing comprehensive training and education for electrical apprentices and journey-level professionals. This mission aims to foster a skilled workforce within the electrical field, ensuring they are equipped with the necessary knowledge and expertise to excel in their careers. The organization's activities are centered around this training and education, contributing positively to the electrical industry in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Shreveport Electrical Joint Apprenticeship Training Trust Fund has received a rating of 82%, reflecting a solid performance in both accountability and finance. The organization demonstrates strong governance with 100% of its board members being independent, which enhances its credibility and operational integrity. It shows a commendable program expense ratio of 80.95%, indicating that a significant portion of its resources is allocated directly to its programs.
In terms of financial health, the Trust Fund maintains a low liabilities to assets ratio of 0.06%, showcasing its fiscal responsibility. The presence of well-documented board meeting minutes further emphasizes the organization's commitment to transparency. Additionally, it has no reported material diversion of assets, which is a positive indicator for potential donors and stakeholders.
However, while the organization shows strong financial indicators, the overall rating of three stars suggests there may still be areas for improvement. Continuous efforts to enhance program effectiveness and broaden impact could help elevate its rating further and assure supporters of its mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Shreveport Electrical Joint Apprenticeship Training Trust Fund legitimate?
Shreveport Electrical Joint Apprenticeship Training Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shreveport Electrical Joint Apprenticeship 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: $76,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,918
For more financial information, click here
What is the mission statement of Shreveport Electrical Joint Apprenticeship Training Trust Fund?
The Shreveport Electrical Joint Apprenticeship Training Trust Fund is committed to providing training and education for electrical apprentices and journeymen. Their primary mission is to equip these individuals with the necessary skills and knowledge in the electrical field. This is achieved through a comprehensive curriculum designed to foster both practical and theoretical understanding of electrical work. The goal is to prepare apprentices and journeymen for successful careers in the electrical industry, ensuring a steady supply of skilled professionals to meet the demands of the sector. The Trust Fund's activities are centered around this mission, aiming to contribute to the development of a skilled workforce while promoting the advancement of the electrical industry as a whole.
What is the revenue of Shreveport Electrical Joint Apprenticeship Training Trust Fund?
Shreveport Electrical Joint Apprenticeship Training Trust Fund's revenue in 2023 was $872,531.
Who are the executives of Shreveport Electrical Joint Apprenticeship Training Trust Fund and what are their salaries?
The average compensation at Shreveport Electrical Joint Apprenticeship Training Trust Fund during 2023 was $9,294. There are 13 employees at Shreveport Electrical Joint Apprenticeship Training Trust Fund.
Here are 9 key members and their salaries:
- Compensation: $80,124
- Related: $0
- Other: $27,940
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Shreveport Electrical Joint Apprenticeship Training Trust Fund?
Shreveport Electrical Joint Apprenticeship Training Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Shreveport Electrical Joint Apprenticeship Training Trust Fund
The Shreveport Electrical Joint Apprenticeship Training Trust Fund is dedicated to the training and education of electrical apprentices and journeymen. This nonprofit organization's mission is to equip individuals with the necessary skills and knowledge to excel in the electrical field. Through comprehensive programs, the trust fund fosters the growth of apprentices and journeymen, ensuring they are well-equipped to meet the demands of their profession. The ultimate goal is to contribute to a skilled workforce in the electrical industry, thereby enhancing safety standards and promoting professional excellence.
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Impact
July, 2024
The Shreveport Electrical Joint Apprenticeship Training Trust Fund plays a crucial role in the development and advancement of electrical apprentices and journeymen in Bossier City, Louisiana. By providing comprehensive training and education programs, this organization equips individuals with the necessary skills and knowledge to excel in the electrical industry. This, in turn, leads to not only personal growth and career advancement for the participants but also contributes to the overall workforce development and the economic prosperity of the region. Through its focused mission on training and education, the Shreveport Electrical Joint Apprenticeship Training Trust Fund is making a tangible impact on employment opportunities in the electrical sector.
This information is meant to be a general summary of Shreveport Electrical Joint Apprenticeship 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 2023.
- Investment Income: $10,814
- Program Service Revenue: $561,717
- Gross Receipts: $872,531
Assets and Liabilities:
- Total Assets: $1,004,691
- Total Liabilities: $609
- Net Assets: $1,004,082
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$475,591
BOOK & TUITION REIMBURSEMENT
Revenue
$86,126
Organization Details
Founding Year
1994
Principal Officer
Matt Lafisca
NTEE Category
Code: J22 - Employment
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