Overview
What is Iec Inc Southern Co Training Fund?
Iec Inc Southern Co Training Fund is a nonprofit organization situated in Colorado Springs, Colorado. With a team of 25 individuals, their primary focus is on offering apprenticeship training and education programs for electricians in the southern part of the state. Their mission is to equip and empower electricians, thereby contributing to the local workforce development in the field of electricity.
Official website here: www.iecscc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
Iec Inc Southern Co Training Fund has received a score of 66%, which translates to a Two-Star rating on Charity Navigator. This rating suggests that while the organization demonstrates some accountability and financial transparency, there are significant areas for improvement, particularly in governance and independence of board members.
One notable strength of the organization is its high program expense ratio of 88.74%, indicating that a substantial portion of its spending is directed towards its programs rather than administrative costs. Additionally, the charity has established policies around conflicts of interest, whistleblowing, and document retention, which enhance its governance framework. However, the organization has no independent board members and lacks a thorough financial statement review, which raises concerns about oversight and overall transparency.
Despite a lack of material diversion of assets, which is a positive sign, the absence of published tax forms and the complete lack of independent board presence are significant limitations that potential donors and supporters should consider. These factors may impact the charity’s credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Iec Inc Southern Co Training Fund?
3 reviewers on Facebook have provided their insights on the Iec Inc Southern Co Training Fund. Here’s a summary of their thoughts:
The comments highlight the exceptional staff, with one user noting, "They have the best people taking care of you!" This suggests that the personnel involved are dedicated and attentive, contributing positively to the overall experience for those engaging with the nonprofit.
While there are only a few reviews, the sentiment appears very favorable, indicating a strong appreciation for the organization’s commitment to supporting its community.
This AI summary has been generated from reviews found on Facebook.
Is Iec Inc Southern Co Training Fund legitimate?
Iec Inc Southern Co Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iec Inc Southern Co Training Fund 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: $249,710
For more financial information, click here
Official website here: www.iecscc.org
What is the mission statement of Iec Inc Southern Co Training Fund?
The Iec Inc Southern Co Training Fund is dedicated to providing apprenticeship training and education for electricians situated in southern Colorado. Their mission is centered around equipping electricians with the necessary skills and knowledge through a structured training program. By doing so, they aim to contribute to the development of a competent workforce in the field of electricity, thereby enhancing the industry as a whole. The fund's activities primarily focus on this vocational training, ensuring that electricians in the region have access to quality education.
Official website here: www.iecscc.org
Who is the CEO of Iec Inc Southern Co Training Fund?
Dale Weis is the Executive Director of Iec Inc Southern Co Training Fund.
Official website here: www.iecscc.org
What is the revenue of Iec Inc Southern Co Training Fund?
Iec Inc Southern Co Training Fund's revenue in 2022 was $1,449,602.
Official website here: www.iecscc.org
Who are the executives of Iec Inc Southern Co Training Fund and what are their salaries?
The average compensation at Iec Inc Southern Co Training Fund during 2022 was $9,988. There are 25 employees and 9 volunteers at Iec Inc Southern Co Training Fund.
There is 1 key member and their salary:
- Compensation: $6,650
- Related: $0
- Other: $0
Official website here: www.iecscc.org
Where can I find the form 990 for Iec Inc Southern Co Training Fund?
Iec Inc Southern Co Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iecscc.org
Learn more at the official website: www.iecscc.org
Mission Statement of Iec Inc Southern Co Training Fund
Iec Inc Southern Co Training Fund is committed to providing apprenticeship training and education for electricians in their specific region. This nonprofit organization's mission is centered around equipping electricians with the necessary skills and knowledge to excel in their field. By offering comprehensive training programs, Iec Inc Southern Co Training Fund aims to foster a skilled workforce in the electrician industry, contributing to the overall development and progress of the sector.
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Impact
July, 2024
Iec Inc Southern Co Training Fund's impact is evident in the enhanced skills and knowledge acquired by electricians in southern Colorado. By providing apprenticeship training and education, this organization equips individuals with the necessary expertise to excel in their field. Their focused efforts contribute to a more competent and skilled workforce in the region, ultimately benefiting the local electrical industry and improving the overall quality of electrical services provided in southern Colorado.
This information is meant to be a general summary of Iec Inc Southern Co Training Fund. 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: $540
- Program Service Revenue: $1,074,059
- Gross Receipts: $1,449,602
Assets and Liabilities:
- Total Assets: $1,070,218
- Total Liabilities: $427,611
- Net Assets: $642,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Class Tuition
Revenue
$809,784
Bat Fees
Revenue
$15,543
Text Books
Revenue
$246,347
Testing
Revenue
$2,385
Organization Details
Founding Year
1997
Principal Officer
Dale Weis
Main Address
2345 N Academy Blvd, Colorado Springs, CO, 80909
Website
www.iecscc.orgNTEE Category
Code: B30 - Education
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