Overview
What is Basic The Intl Assoc Of Machinists?
Basic The International Association of Machinists is a nonprofit organization headquartered in Chattanooga, Tennessee. With a focus on the machinist trade, they provide and maintain training and retraining programs, as well as develop and distribute associated educational materials. Their operations are primarily funded through contributions from participating contractors under a collective bargaining agreement, which are distributed to benefit union members and apprentices. The organization employs a small team of three individuals, dedicated to fostering continuous learning and skill development in the machinist field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating. This rating indicates that the International Association of Machinists has some strengths in accountability and finance, but there are notable weaknesses that impact its overall score. The charity's score is based entirely on its accountability and finance metrics, suggesting a focused evaluation of its financial practices.
The organization demonstrates a strong commitment to transparency with 100% of its board members being independent, alongside a low liabilities to assets ratio of 0.30%. Additionally, it maintains a solid program expense ratio of 75.09%, indicating that a significant portion of its funds goes directly to its programs. However, the charity has several critical missing policies, such as conflict of interest and whistleblower policies, which negatively affects its accountability standing.
While the charity showcases a strong foundation in financial practices, the absence of essential governance documents and policies could raise concerns among potential donors regarding its operational transparency. Addressing these gaps would help improve its overall assessment and enhance trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Basic The Intl Assoc Of Machinists legitimate?
Basic The Intl Assoc Of Machinists is a legitimate nonprofit organization registered as a 501(c)(3) entity. Basic The Intl Assoc Of Machinists 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: $125,386
For more financial information, click here
What is the mission statement of Basic The Intl Assoc Of Machinists?
The Basic International Association of Machinists' mission is focused on providing and maintaining training programs, as well as developing and distributing related materials, within the machinists trade. This organization receives financial contributions from participating contractors under a collective bargaining agreement, utilizing these funds to offer training opportunities to union members and apprentices. The goal is to continuously enhance the skills and knowledge of individuals in the machinists trade.
Who is the CEO of Basic The Intl Assoc Of Machinists?
Keith Mcfarland is the Trustee of Basic The Intl Assoc Of Machinists.
What is the revenue of Basic The Intl Assoc Of Machinists?
Basic The Intl Assoc Of Machinists's revenue in 2022 was $493,994.
Who are the executives of Basic The Intl Assoc Of Machinists and what are their salaries?
The average compensation at Basic The Intl Assoc Of Machinists during 2022 was $41,795. There are 3 employees at Basic The Intl Assoc Of Machinists.
Here are 4 key members and their salaries:
- Compensation: $120,000
- Related: $0
- Other: $24,949
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Basic The Intl Assoc Of Machinists?
Basic The Intl Assoc Of Machinists's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Basic The Intl Assoc Of Machinists
Basic International Association of Machinists, as per its mission, is dedicated to offering and sustaining training and retraining programs within the machinists' trade. The organization also works on developing and disseminating relevant training materials. They receive financial contributions from participating contractors under a collective bargaining agreement, on behalf of their union members, based on the hours of covered employment. These funds are then utilized to provide training opportunities to both members and apprentices of the union. In essence, the goal of Basic International Association of Machinists is to equip and upskill individuals in the machinists' trade, thereby enhancing their professional growth and competence.
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Impact
July, 2024
Basic The Intl Assoc Of Machinists has a significant impact on its members and apprentices by providing and maintaining training programs in the machinists trade. Through the development and distribution of training materials, the organization ensures that individuals in the machinists trade receive the necessary skills and knowledge to succeed in their field. The funds received from participating contractors under a collective bargaining agreement are utilized to offer training opportunities to members and apprentices, ultimately contributing to their professional development and employment prospects.
This information is meant to be a general summary of Basic The Intl Assoc Of Machinists. 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: $493,994
- Gross Receipts: $493,994
Assets and Liabilities:
- Total Assets: $596,695
- Total Liabilities: $1,836
- Net Assets: $594,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTOR CONTRIBUTIONS
Revenue
$493,994
Organization Details
Founding Year
2018
Phone
(423) 622-5135Principal Officer
Keith Mcfarland
Main Address
1600 SOUTH LYERLY STREET, CHATTANOOGA, TN, 37404
NTEE Category
Code: J22 - Employment
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