Overview
What is Construction Trades Workforce Initiative?
The Construction Trades Workforce Initiative is a nonprofit organization based in Oakland, California, located at 7750 Pardee Ln Ste 100. Their primary goal is to collaborate with community partners to establish and manage apprenticeship programs, promoting awareness of lucrative opportunities within the construction industry. By engaging in these activities, they aim to educate the public about the financial rewards associated with high-wage construction careers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating.
The Construction Trades Workforce Initiative received a moderately low rating of 65%, reflecting concerns primarily in accountability and finance metrics. A significant area of weakness is the complete lack of independent board members, which raises questions about governance and decision-making processes. While the organization has demonstrated strong financial oversight in areas such as audit practices and a favorable liabilities-to-assets ratio, the absence of important governance policies is notable.
Strengths include a high program expense ratio of 90.88%, indicating that a substantial majority of funds are directed towards its programs rather than administrative costs. Additionally, the organization has no reported material diversion of assets, which is a positive indicator of financial integrity. However, the absence of key policies, such as conflict of interest and whistleblower protections, reflects a need for improvement in organizational governance.
Overall, while the Construction Trades Workforce Initiative shows promise in its financial management and dedication to programmatic spending, significant governance deficiencies must be addressed to enhance accountability and build trust among stakeholders. The organization would benefit from establishing independent board membership and implementing essential governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Construction Trades Workforce Initiative legitimate?
Construction Trades Workforce Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Construction Trades Workforce Initiative 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: $852,832
For more financial information, click here
What is the mission statement of Construction Trades Workforce Initiative?
The Construction Trades Workforce Initiative's mission is centered around collaborating with community partners. Their primary aim is to facilitate and promote apprenticeship programs in the construction sector. Additionally, they strive to increase public awareness about the potential for high-wage careers in this field. Essentially, their objective is to bridge the gap between the construction industry and potential workforce, providing opportunities for education and career growth.
Who is the CEO of Construction Trades Workforce Initiative?
Andreas Cluver is the President of Construction Trades Workforce Initiative.
What is the revenue of Construction Trades Workforce Initiative?
Construction Trades Workforce Initiative's revenue in 2023 was $1,503,358.
Who are the executives of Construction Trades Workforce Initiative and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Construction Trades Workforce Initiative?
Construction Trades Workforce Initiative's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Construction Trades Workforce Initiative
The Construction Trades Workforce Initiative is committed to collaborating with local community partners to deliver and facilitate apprenticeship programs. Their primary objective is to educate the public about the potential of high-wage careers in the construction industry. By working closely with community organizations, this initiative aims to foster a better understanding of the opportunities available in this field and encourages individuals to consider pursuing a career in construction. The Construction Trades Workforce Initiative serves as a bridge between the community and the construction industry, providing a platform for apprenticeship programs and promoting the benefits of these high-paying careers.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Construction Trades Workforce Initiative has made a significant impact by working with community partners to provide and facilitate apprenticeship programs. Through their efforts, they have educated the public about high-wage construction careers. This has not only helped individuals gain valuable skills and employment opportunities but has also contributed to the growth and sustainability of the construction industry in the Oakland, CA area. Their focus on education and apprenticeship programs has been instrumental in addressing the workforce shortage in the construction trades and ensuring a pipeline of skilled workers for the future.
This information is meant to be a general summary of Construction Trades Workforce Initiative. 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 2023.
- Program Service Revenue: $1,308,331
- Gross Receipts: $1,555,199
Assets and Liabilities:
- Total Assets: $1,121,166
- Total Liabilities: $302,398
- Net Assets: $818,768
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Government grants
Revenue
$1,308,331
Organization Details
Founding Year
2018
Phone
(646) 338-7367Principal Officer
Andreas Cluver
Main Address
7750 Pardee Ln Ste 100, Oakland, CA, 94621
NTEE Category
Code: B90 - Education
If you are a representative of Construction Trades Workforce Initiative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.