Overview
What is Beaumont Electrical Joint Apprentic?
Beaumont Electrical Joint Apprenticeship is a nonprofit organization situated in Nederland, Texas. Its primary focus is to provide comprehensive training for electrical apprentices, journeyworkers, and other suitable individuals. This is achieved through a collective bargaining agreement, which also generates support from local contractors. In 2020, the organization had 179 apprenticeship trainees working for 25 contractors, along with approximately 500 journeyworkers engaged in continuing education. Furthermore, around 275 journeyworkers participated in various other training classes. The organization's mission is to equip the electrical workforce with the necessary skills, thereby contributing to a robust and skilled industry in the region.
Official website here: www.electricaltrainingsetx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
The Beaumont Electrical Joint Apprenticeship has received a two-star rating from Charity Navigator, indicating areas for improvement despite achieving a perfect score in Accountability & Finance. The organization demonstrates strong governance with all board members being independent and maintaining a low liabilities-to-assets ratio, showcasing a solid financial foundation. Additionally, the program expense ratio reflects effective allocation of resources towards its mission.
However, significant concerns arise from the financial statements, where the organization scored zero out of fifteen points. This lack of transparency may hinder potential donors' trust and understanding of the organization's financial health. Furthermore, the absence of critical policies such as conflict of interest, whistleblower, and document retention policies indicates weaknesses in its operational framework.
Overall, while the Beaumont Electrical Joint Apprenticeship shows strengths in governance and financial stability, it must address its transparency issues and policy gaps to enhance its overall effectiveness and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Beaumont Electrical Joint Apprentic legitimate?
Beaumont Electrical Joint Apprentic is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beaumont Electrical Joint Apprentic 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: $401,625
For more financial information, click here
Official website here: www.electricaltrainingsetx.org
What is the mission statement of Beaumont Electrical Joint Apprentic?
The Beaumont Electrical Joint Apprenticeship Training Fund is a non-profit organization established with a mission to provide training for electrical apprentices, journeymen, and other appropriate personnel. They achieve this objective by obtaining revenue from area contractors based on a collective bargaining agreement. The fund's activities in 2020 included training for 179 apprenticeship trainees working for 25 contractors, continuing education for approximately 500 journeymen, and various training classes for approximately 275 journeymen. The organization's aim is to ensure that electrical professionals in the sector receive adequate training, thereby supporting the industry's growth and development.
Official website here: www.electricaltrainingsetx.org
Who is the CEO of Beaumont Electrical Joint Apprentic?
Kory Gaddis is the Trustee of Beaumont Electrical Joint Apprentic.
Official website here: www.electricaltrainingsetx.org
What is the revenue of Beaumont Electrical Joint Apprentic?
Beaumont Electrical Joint Apprentic's revenue in 2022 was $978,246.
Official website here: www.electricaltrainingsetx.org
Who are the executives of Beaumont Electrical Joint Apprentic and what are their salaries?
The average compensation at Beaumont Electrical Joint Apprentic during 2022 was $66,938. There are 6 employees at Beaumont Electrical Joint Apprentic.
Here are 8 key members and their salaries:
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- Other: $0
Official website here: www.electricaltrainingsetx.org
Where can I find the form 990 for Beaumont Electrical Joint Apprentic?
Beaumont Electrical Joint Apprentic's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.electricaltrainingsetx.org
Learn more at the official website: www.electricaltrainingsetx.org
Mission Statement of Beaumont Electrical Joint Apprentic
The Beaumont Electrical Joint Apprenticeship Training Fund is a non-profit organization established with a mission to provide training for electrical apprentices, journeymen, and other appropriate personnel. This organization achieves its mission by obtaining support from area contractors through a collective bargaining agreement. In 2020, the Beaumont Electrical Joint Apprenticeship Training Fund had 179 apprenticeship trainees working for 25 contractors, around 500 journeymen in continuing education, and approximately 275 journeymen in various other training classes. This organization plays a crucial role in equipping electrical workers with the necessary skills, contributing to the development of the electrical industry as a whole.
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Impact
July, 2024
The impact of the Beaumont Electrical Joint Apprenticeship Training Fund is significant in providing valuable training for electrical apprentices and journeyman, as well as other pertinent personnel. By offering training programs and educational opportunities, the organization plays a crucial role in developing skilled workers for the electrical industry. Through its partnerships with area contractors, the fund ensures a consistent revenue stream that supports its training initiatives. In 2020 alone, the organization had 179 apprenticeship trainees, 500 journeymen in continuing education, and 275 journeymen in various other training classes, demonstrating the broad reach and influence of its programs.
This information is meant to be a general summary of Beaumont Electrical Joint Apprentic. 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: $248
- Program Service Revenue: $695,095
- Gross Receipts: $978,246
Assets and Liabilities:
- Total Assets: $981,841
- Total Liabilities: $6,778
- Net Assets: $975,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTORS' CONTRIBUTIONS
Revenue
$504,169
TUITION AND TEACHING MATERIAL
Revenue
$120,881
INDUSTRY TRAINING FEES
Revenue
$67,270
TDLR FEES
Revenue
$2,775
Organization Details
Founding Year
1962
Principal Officer
Kory Gaddis
Main Address
C/O 707 HELENA AVE, NEDERLAND, TX, 77627
NTEE Category
Code: J22 - Employment
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