Overview
What is Dayton's Bluff Construction Training Center?
Dayton's Bluff Construction Training Center is a nonprofit organization situated in St. Paul, Minnesota, specifically at 823 East Seventh Street, 55106. Their primary objective is to serve as a contractor incubator, supporting low-income, minority, or small-scale contractors. They offer industry-focused business training, technical assistance, and lending. The center's program focuses on training low-income youth who have dropped out of high school in the construction trades, while simultaneously helping them earn their high school diploma at City Academy. The Neighborhood Development Center manages and operates the Minority and Section 3 Contractor Training Center and Incubator Programs at this center.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
Dayton's Bluff Construction Training Center has received a One-Star rating from Charity Navigator, indicating a score of 58% based solely on its Accountability & Finance metrics. This rating suggests that while the organization demonstrates some strong accountability practices, there are significant areas where it needs improvement, particularly regarding financial management.
Strengths of the organization include having a fully independent board, with all 10 members meeting this criteria, and a high program expense ratio of 100%, which indicates that all of its spending is directed towards its programs. Additionally, the center has not diverted any assets and maintains proper documentation of board meeting minutes, showcasing a commitment to transparency and governance.
However, the organization faces challenges with a liabilities to assets ratio of 70.53%, which raises concerns about its financial stability. This high ratio suggests that the organization may be heavily burdened by its liabilities, potentially impacting its ability to sustain operations in the long term. Overall, while Dayton's Bluff Construction Training Center shows strengths in governance and program focus, its financial health remains a critical area for potential enhancement.
This AI summary has been generated from information found on Charity Navigator.
Is Dayton's Bluff Construction Training Center legitimate?
Dayton's Bluff Construction Training Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dayton's Bluff Construction Training Center 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: $0
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What is the mission statement of Dayton's Bluff Construction Training Center?
The Dayton's Bluff Construction Training Center operates as a contractor incubator, including a small contractor accelerator. Its primary mission is to provide business training, technical assistance, and lending opportunities to contractors who are low-income, minority, or operate on a small scale within the industry. This center aims to empower such contractors, helping them grow and succeed in their respective fields. The center also offers industry-focused training, providing a platform for low-income youth who have dropped out of high school to learn the construction trades and work towards earning their high school diploma at City Academy. The Minority and Section 3 Contractor Training Center and Incubator Programs are administered and operated by the Neighborhood Development Center.
Who is the CEO of Dayton's Bluff Construction Training Center?
Jim Erchul is the President of Dayton's Bluff Construction Training Center.
What is the revenue of Dayton's Bluff Construction Training Center?
Dayton's Bluff Construction Training Center's revenue in 2022 was $141,720.
Who are the executives of Dayton's Bluff Construction Training Center and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Dayton's Bluff Construction Training Center?
Dayton's Bluff Construction Training Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dayton's Bluff Construction Training Center
Dayton's Bluff Construction Training Center is dedicated to serving as a contractor incubator, specifically catering to low-income, minority, and small-scale contractors. Its mission encompasses providing these contractors with industry-focused business training, technical assistance, and lending services. The center aims to facilitate their growth and success in the construction industry.
In addition to its contractor incubator role, Dayton's Bluff Construction Training Center also operates a small contractor accelerator program. This program offers tailored support to help these contractors expand their businesses and navigate the complexities of the construction industry. Through a combination of training, technical assistance, and lending opportunities, the center empowers these contractors to compete effectively in the market.
The center's mission is carried out through programs such as the Minority and Section 3 Contractor Training Center and Incubator. These programs are administered and operated by the Neighborhood Development Center. The construction training center's primary focus is on training low-income youth who have dropped out of high school in the construction trades. As they work towards earning their high school diploma at City Academy, these young individuals gain valuable skills in the construction industry. This approach not only provides these individuals with employment opportunities but also contributes to the diversity and vitality of the construction industry.
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Impact
October, 2024
Dayton's Bluff Construction Training Center plays a vital role in empowering low-income and minority contractors by providing essential business training, technical assistance, and access to lending resources. It serves as a contractor incubator and accelerator, helping small-scale contractors navigate the complexities of the construction industry and fostering economic growth within underserved communities.
The center focuses on training low-income youth, particularly those who have dropped out of high school, in essential construction trades while also supporting their efforts to earn their high school diploma through partnerships like City Academy. This dual approach not only equips young individuals with valuable skills but also improves their chances of success in the workforce, contributing to community development and stability.
By concentrating on minority and Section 3 contractors, the training center promotes diversity within the construction industry, ensuring that its benefits reach those historically underrepresented. Ultimately, Dayton's Bluff Construction Training Center fosters a more equitable economic landscape, contributing to community improvement through education, skill development, and support for small business growth.
This information is meant to be a general summary of Dayton's Bluff Construction Training Center. 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.
- Program Service Revenue: $138,269
- Gross Receipts: $141,720
Assets and Liabilities:
- Total Assets: $2,268,460
- Total Liabilities: $1,600,138
- Net Assets: $668,322
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
823 EAST SEVENTH STREET
Revenue
$138,269
Organization Details
Founding Year
2018
Phone
(651) 774-2704Principal Officer
Jim Erchul
Main Address
823 EAST SEVENTH STREET, ST PAUL, MN, 55106
NTEE Category
Code: S30 - Community improvement
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