Overview
What is Foundation For Trades Inc?
Foundation for Trades Inc, located in Somerdale, New Jersey, is a dedicated nonprofit organization with a mission to uplift underemployed individuals by teaching them in-demand skills in various building trades, such as general construction, carpentry, plumbing, electrical work, and other technical professions. Their primary objective is to provide opportunities for self-sufficiency, empowering individuals to enhance their employment prospects in these high-demand fields.
Official website here: www.foundationfortrades.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
Foundation For Trades Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The charity's overall score is derived entirely from its Accountability & Finance beacon, reflecting a strong commitment to transparency and sound financial practices during its most recent fiscal year, FY2022.
The organization demonstrates strengths in governance, with a fully independent board comprising all members, and is compliant with essential policies such as conflict of interest and documentation of board meeting minutes. Its program expenses are also commendable, with 68.30% allocated to its programs, suggesting a focus on fulfilling its mission effectively.
However, there are areas for improvement, particularly regarding its whistleblower and document retention policies, which were not listed. Addressing these gaps could further enhance the charity's accountability and operational transparency, thereby increasing confidence among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Trades Inc legitimate?
Foundation For Trades Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Trades 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.foundationfortrades.org
What is the mission statement of Foundation For Trades Inc?
The Foundation for Trades Inc's mission is centered around increasing opportunities for individuals to achieve self-sufficiency. This is achieved by encouraging underemployed individuals to acquire robust skill sets in high-demand trades such as general construction, carpentry, plumbing, electrical work, and other technical fields. The organization's goal is to empower these individuals by providing them with the necessary training in these trades.
Official website here: www.foundationfortrades.org
Who is the CEO of Foundation For Trades Inc?
Joseph J Massanova is the President/Di of Foundation For Trades Inc.
Official website here: www.foundationfortrades.org
What is the revenue of Foundation For Trades Inc?
Foundation For Trades Inc's revenue in 2022 was $4,291.
Official website here: www.foundationfortrades.org
Who are the executives of Foundation For Trades Inc and what are their salaries?
There 6 volunteers at Foundation For Trades Inc.
Here are 6 key members and their salaries:
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Official website here: www.foundationfortrades.org
Where can I find the form 990 for Foundation For Trades Inc?
Foundation For Trades Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundationfortrades.org
Learn more at the official website: www.foundationfortrades.org
Mission Statement of Foundation For Trades Inc
The Foundation for Trades Inc, a nonprofit organization, aims to expand opportunities for individuals to achieve self-sufficiency. It accomplishes this by encouraging underemployed individuals to acquire strong skill sets in high-demand trades such as general construction, carpentry, plumbing, electrical work, and various technical trades. The foundation's objective is to provide a platform for those seeking robust work abilities in these sectors, which are currently in high demand.
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Impact
August, 2024
Foundation For Trades Inc has a significant impact on individuals seeking self-sufficiency through learning building trades. They provide opportunities for underemployed individuals to develop strong work skill sets in general construction, carpentry, plumbing, electrical, and other technical trades that are in high demand. By offering these educational pathways, Foundation For Trades Inc empowers individuals to enhance their employment prospects and build sustainable livelihoods in the trades industry.
This information is meant to be a general summary of Foundation For Trades 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.
- Gross Receipts: $4,291
Assets and Liabilities:
- Total Assets: $6,878
- Total Liabilities: $0
- Net Assets: $6,878
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Organization Details
Founding Year
2018
Phone
(609) 220-8528Principal Officer
Joseph J Massanova
Main Address
719 WYNGATE RD, SOMERDALE, NJ, 08083
Website
www.foundationfortrades.orgNTEE Category
Code: B82 - Education
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