Overview
What is Galveston Electrical Joint Apprenticeship & Training Trust Fd?
Galveston Electrical Joint Apprenticeship & Training Trust Fd is a nonprofit organization situated in Texas City, Texas. With a single employee, their primary mission is to educate and train members of Local 527 to become proficient electricians. The Trust provides them with essential salaries and benefits to successfully complete their apprenticeship program. This nonprofit contributes to the local community by cultivating skilled electricians, ensuring a reliable workforce in the field of electrical services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Galveston Electrical Joint Apprenticeship & Training Trust Fund has received an impressive score of 87%, reflecting strong performance in accountability and finance. The organization boasts a perfect score for its board independence and size, ensuring that governance is robust and unconflicted. Key financial metrics, such as the low liabilities to assets ratio and high program expense ratio, indicate effective use of resources in fulfilling its mission.
Strengths of the organization include a comprehensive whistleblower policy and established document retention practices, both of which align with best practices for transparency and accountability. The management of board meeting minutes is also commendable, with all required documentation consistently maintained. These aspects contribute positively to the charity’s reputation and operational integrity.
While the overall performance is strong, it is important for potential donors and beneficiaries to consider ongoing evaluations of the charity's programs and initiatives to ensure continued effectiveness and relevance in their community. Overall, the Galveston Electrical Joint Apprenticeship & Training Trust Fund appears to be a well-managed organization focused on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Galveston Electrical Joint Apprenticeship & Training Trust Fd legitimate?
Galveston Electrical Joint Apprenticeship & Training Trust Fd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Galveston Electrical Joint Apprenticeship & Training Trust Fd 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: $85,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Galveston Electrical Joint Apprenticeship & Training Trust Fd?
The Galveston Electrical Joint Apprenticeship & Training Trust Fd is dedicated to training its members, associated with Local 527, to become proficient electricians. The primary objective of this organization is to equip its trainees with the necessary skills to excel in the electrical field. Through rigorous training programs, it aims to prepare its members for a successful career in the electrical industry. The trust fund also provides salaries and benefits to the administrators of the apprenticeship program, ensuring the smooth operation and continuity of the training program.
Who is the CEO of Galveston Electrical Joint Apprenticeship & Training Trust Fd?
Chris Rhoads is the Director of Galveston Electrical Joint Apprenticeship & Training Trust Fd.
What is the revenue of Galveston Electrical Joint Apprenticeship & Training Trust Fd?
Galveston Electrical Joint Apprenticeship & Training Trust Fd's revenue in 2023 was $171,402.
Who are the executives of Galveston Electrical Joint Apprenticeship & Training Trust Fd and what are their salaries?
The average compensation at Galveston Electrical Joint Apprenticeship & Training Trust Fd during 2023 was $85,062. There is 1 employee at Galveston Electrical Joint Apprenticeship & Training Trust Fd.
Here are 2 key members and their salaries:
- Compensation: $78,404
- Related: $0
- Other: $0
- Compensation: $612
- Related: $0
- Other: $0
Where can I find the form 990 for Galveston Electrical Joint Apprenticeship & Training Trust Fd?
Galveston Electrical Joint Apprenticeship & Training Trust Fd's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Galveston Electrical Joint Apprenticeship & Training Trust Fd
Galveston Electrical Joint Apprenticeship & Training Trust Fd is dedicated to its mission of educating and training the members of Local 527 to become skilled electricians. This nonprofit organization aims to equip its trainees with the necessary proficiency in electrical work, ensuring they can contribute effectively to the industry. The primary focus is on providing a comprehensive learning experience, enabling individuals to become competent electricians. In addition to technical skills, the trust fund also offers opportunities for salary and fringe benefits for its administrators, demonstrating its commitment to its trainees' well-being and future careers.
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Impact
October, 2024
The Galveston Electrical Joint Apprenticeship & Training Trust Fund plays a crucial role in developing skilled electricians within the local community. By training members of Local 527, the organization enhances the workforce with proficient electricians who are equipped to meet industry standards and demands. This training not only provides individuals with essential skills but also contributes to higher employment rates within the region, fostering economic growth.
Furthermore, the support for salaries and fringe benefits for apprenticeship administrators ensures that the training program is managed effectively, promoting the continuous development of apprentices. Overall, the Trust Fund's impact extends beyond individual careers, positively influencing the local economy and ensuring that the electrical workforce is skilled, reliable, and capable of addressing modern electrical challenges.
This information is meant to be a general summary of Galveston Electrical Joint Apprenticeship & Training Trust Fd. 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: $508
- Program Service Revenue: $170,894
- Gross Receipts: $171,402
Assets and Liabilities:
- Total Assets: $180,809
- Total Liabilities: $5,092
- Net Assets: $175,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$120,189
Tuition/Book
Revenue
$45,275
Grant Income
Revenue
$5,430
Organization Details
Founding Year
1942
Phone
(409) 440-8790Principal Officer
Chris Rhoads
Main Address
2509 HWY 2004 Rd, Texas City, TX, 775918500
NTEE Category
Code: J22 - Employment
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