Overview
What is Merit Shop Training Inc?
Merit Shop Training Inc is a nonprofit organization that specializes in offering comprehensive training programs for construction trainees. Their mission lies in delivering craft education, equipping individuals with the necessary skills during the fall, spring, and summer semesters. The organization remains committed to this purpose, providing vital opportunities for the growth and development of construction workers, ultimately contributing to the industry's skillset expansion.
Official website here: www.abctxgulfcoast.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Merit Shop Training Inc has achieved an 83% rating, primarily based on its strong performance in accountability and finance, which constitutes its entire score. The organization boasts 100% independent board members and an independent board size, indicating effective governance. Additionally, it has received high marks for its financial oversight practices, having no material diversion of assets and maintaining comprehensive policies for conflicts of interest and whistleblowing.
However, while the organization's financial governance is commendable, there is a notable area for improvement regarding its program expense ratio, which stands at 56.11%. This indicates that a smaller portion of its expenses is directed towards programs as compared to operational costs. Addressing this aspect could enhance its overall effectiveness and further bolster its rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Merit Shop Training Inc legitimate?
Merit Shop Training Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merit Shop Training Inc 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: $65,834
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,183
For more financial information, click here
Official website here: www.abctxgulfcoast.org
What is the mission statement of Merit Shop Training Inc?
Merit Shop Training Inc is dedicated to providing comprehensive training programs for construction trainees. Their mission is to offer craft education during the fall, spring, and summer semesters, aiming to equip these trainees with the necessary skills for their careers in the construction industry. By providing these training programs, Merit Shop Training Inc contributes to the development of a skilled workforce in the construction sector. The organization's activities focus on delivering quality education and practical training, ensuring that construction trainees are well-prepared for their roles in the industry.
Official website here: www.abctxgulfcoast.org
Who is the CEO of Merit Shop Training Inc?
James Lapier is the Director of Merit Shop Training Inc.
Official website here: www.abctxgulfcoast.org
What is the revenue of Merit Shop Training Inc?
Merit Shop Training Inc's revenue in 2022 was $504,875.
Official website here: www.abctxgulfcoast.org
Who are the executives of Merit Shop Training Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $48,911
- Related: $0
- Other: $0
- Compensation: $16,923
- 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
Official website here: www.abctxgulfcoast.org
Where can I find the form 990 for Merit Shop Training Inc?
Merit Shop Training Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abctxgulfcoast.org
Learn more at the official website: www.abctxgulfcoast.org
Mission Statement of Merit Shop Training Inc
Merit Shop Training Inc, as its name suggests, is dedicated to providing comprehensive training programs. Their mission revolves around offering craft education and training to construction trainees during the fall, spring, and summer semesters. This nonprofit organization is committed to equipping individuals with the necessary skills essential for the construction industry, thereby contributing to the industry's growth and development. By providing these training programs, Merit Shop Training Inc plays a significant role in fostering a skilled workforce in the construction sector.
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Impact
July, 2024
Merit Shop Training Inc's impact lies in providing essential craft training and education for construction trainees in Freeport, TX. Their training programs help individuals develop the necessary skills to succeed in the construction industry, ultimately driving employment opportunities in the region. Through their dedicated efforts, Merit Shop Training Inc contributes to building a skilled workforce that supports the growth and development of the construction sector in the local community.
This information is meant to be a general summary of Merit Shop Training Inc. 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: $12,274
- Program Service Revenue: $238,912
- Gross Receipts: $504,875
Assets and Liabilities:
- Total Assets: $1,956,578
- Total Liabilities: $169,524
- Net Assets: $1,787,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEMINARS AND CLASSES
Revenue
$122,751
SERVICES
Revenue
$114,831
TEXTBOOKS
Revenue
$1,330
Organization Details
Founding Year
1988
Phone
(979) 233-1616Principal Officer
James Lapier
Main Address
1002 ABC AVENUE, FREEPORT, TX, 77541
Website
www.abctxgulfcoast.orgNTEE Category
Code: J20Z - Employment
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