Overview
What is Boilermakers Local Lodge 647 Education Trust?
The Boilermakers Local Lodge 647 Education Trust is a nonprofit organization dedicated to providing training and educational opportunities for individuals under the international brotherhood of Boilermakers, iron ship builders, blacksmiths, forgers, and helpers Lodge no. 647. Their mission is centered around supporting the Apprenticeship Training Fund, offering various courses to enhance the skills and knowledge of participants covered by the collective bargaining agreements. The trust serves as a crucial resource for fostering professional growth within the specified union.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating. This rating reflects a strong emphasis on accountability and finance, indicating that the Boilermakers Local Lodge 647 Education Trust is effectively managing its assets and maintaining transparency in its operations.
The organization scored exceptionally well across various metrics, particularly in its board independence and financial oversight. With 100% of its board members being independent and a robust audit committee in place, the trust demonstrates a commitment to maintaining high governance standards. Additionally, it allocates a significant portion of its expenses—93.66%—directly to programs, showcasing its focus on impactful educational initiatives.
However, while the overall rating is positive, it is calculated solely on the accountability and finance beacon, which could imply a lack of evaluation in other areas such as fundraising or program effectiveness. Despite this limitation, the trust's solid performance in financial management and accountability is commendable and suggests it is a responsible steward of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Boilermakers Local Lodge 647 Education Trust legitimate?
Boilermakers Local Lodge 647 Education Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boilermakers Local Lodge 647 Education Trust 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: $346,044
For more financial information, click here
What is the mission statement of Boilermakers Local Lodge 647 Education Trust?
The Boilermakers Local Lodge 647 Education Trust is committed to providing training and educational courses for individuals falling under the jurisdiction of the international brotherhood of Boilermakers, iron ship builders, blacksmiths, forgers, and helpers Lodge no. 647, as outlined in their collective bargaining agreements. The primary objective of this trust is to uphold and support the Apprenticeship Training Fund. The aim is to equip these participants with necessary skills and knowledge, thereby contributing to their professional growth and development.
Who is the CEO of Boilermakers Local Lodge 647 Education Trust?
Luke Voigt is the Trustee of Boilermakers Local Lodge 647 Education Trust.
What is the revenue of Boilermakers Local Lodge 647 Education Trust?
Boilermakers Local Lodge 647 Education Trust's revenue in 2022 was $1,000,221.
Who are the executives of Boilermakers Local Lodge 647 Education Trust and what are their salaries?
The average compensation at Boilermakers Local Lodge 647 Education Trust during 2022 was $43,256. There are 8 employees at Boilermakers Local Lodge 647 Education Trust.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Boilermakers Local Lodge 647 Education Trust?
Boilermakers Local Lodge 647 Education Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boilermakers Local Lodge 647 Education Trust
The Boilermakers Local Lodge 647 Education Trust is dedicated to the mission of providing training and educational opportunities. This mission is specifically geared towards individuals who fall under the collective bargaining agreements of the international brotherhood of Boilermakers, iron ship builders, blacksmiths, forgers, and helpers Lodge no. 647. The primary objective of this trust is to support the Apprenticeship Training Fund. By offering various courses, the trust aims to equip and empower these individuals, contributing to the overall strength and development of the Boilermakers union.
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Impact
July, 2024
Boilermakers Local Lodge 647 Education Trust's impact is significant in providing training and education courses to individuals covered under the international brotherhood of Boilermakers, iron ship builders, blacksmiths, forgers, and helpers Lodge no. 647 collective bargaining agreements. Their focus on supporting the Apprenticeship Training Fund ensures that participants receive the necessary skills and knowledge to succeed in their respective fields. This commitment to education and training contributes to the overall growth and development of the workforce within the industry, ultimately helping individuals advance in their careers and attain sustainable employment opportunities.
This information is meant to be a general summary of Boilermakers Local Lodge 647 Education Trust. 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: $2,870
- Program Service Revenue: $860,395
- Gross Receipts: $1,000,221
Assets and Liabilities:
- Total Assets: $317,732
- Total Liabilities: $12,781
- Net Assets: $304,951
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$681,248
TRAINING REIMBURSEMENT
Revenue
$144,179
RENTAL INCOME
Revenue
$34,968
Organization Details
Founding Year
2002
Phone
(763) 712-9930Principal Officer
Luke Voigt
Main Address
9459 HIGHWAY 10 NW 105, RAMSEY, MN, 553037280
NTEE Category
Code: B30 - Education
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