Overview
What is New Mexico Pipe Joint App Trust Fund?
The New Mexico Pipe Joint App Trust Fund is a nonprofit organization that is dedicated to offering employment training programs, specifically focusing on plumbing and pipefitting trades. Their primary mission involves educating and training apprentices in these trades, aiming to equip them with the necessary skills for a successful career in the field. This organization is committed to promoting employment opportunities and upskilling the workforce in New Mexico.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The New Mexico Pipe Joint App Trust Fund has earned an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. This rating reflects a strong focus on governance, with all board members being independent and a well-functioning financial structure. The organization has demonstrated effective financial practices, including a comprehensive audit and proper documentation of board activities.
Strengths of the organization include a low ratio of liabilities to assets, showcasing financial stability, and a high program expense ratio, which indicates that a significant portion of resources is directed towards its mission. The trust fund also maintains a high standard for transparency and accountability in its financial reporting and governance practices.
However, there is a slight limitation in the program expense ratio, as it falls below the ideal threshold, suggesting that there may be room for improvement in how funds are utilized towards direct programmatic impacts. Overall, the organization appears to be well-managed and committed to ethical practices, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is New Mexico Pipe Joint App Trust Fund legitimate?
New Mexico Pipe Joint App Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Pipe Joint App Trust 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: $965,000
For more financial information, click here
What is the mission statement of New Mexico Pipe Joint App Trust Fund?
The New Mexico Pipe Joint App Trust Fund is committed to achieving its mission by offering apprenticeship training programs in plumbing and pipefitting trades. This organization seeks to contribute to employment opportunities by providing comprehensive educational resources. Through these programs, the New Mexico Pipe Joint App Trust Fund aims to equip individuals with the necessary skills to excel in their respective trades, thereby enhancing their employability and career growth. The trust fund's mission also includes the provision of employment training programs, thereby contributing to the development of a skilled workforce in these trades.
Who is the CEO of New Mexico Pipe Joint App Trust Fund?
Bart Davis is the Trustee of New Mexico Pipe Joint App Trust Fund.
What is the revenue of New Mexico Pipe Joint App Trust Fund?
New Mexico Pipe Joint App Trust Fund's revenue in 2023 was $2,633,349.
Who are the executives of New Mexico Pipe Joint App Trust Fund and what are their salaries?
The average compensation at New Mexico Pipe Joint App Trust Fund during 2023 was $19,300. There are 50 employees at New Mexico Pipe Joint App Trust Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for New Mexico Pipe Joint App Trust Fund?
New Mexico Pipe Joint App Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New Mexico Pipe Joint App Trust Fund
The New Mexico Pipe Joint App Trust Fund is dedicated to fulfilling its mission by providing comprehensive employment training programs in the fields of plumbing and pipefitting. This nonprofit organization focuses on educating and training apprentices, aiming to equip them with the necessary skills to excel in these trades. By doing so, the New Mexico Pipe Joint App Trust Fund contributes to the development of a skilled workforce in these crucial industries.
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Impact
July, 2024
The impact of the New Mexico Pipe Joint App Trust Fund is significant in providing apprenticeship training in plumbing and pipefitting trades. By offering employment training programs, the organization helps individuals gain valuable skills and expertise in these fields. This, in turn, contributes to the growth and development of a skilled workforce in the plumbing and pipefitting industry.
This information is meant to be a general summary of New Mexico Pipe Joint App Trust 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 2023.
- Investment Income: -$134,017
- Program Service Revenue: $2,767,366
- Gross Receipts: $2,633,349
Assets and Liabilities:
- Total Assets: $5,314,060
- Total Liabilities: $64,553
- Net Assets: $5,249,507
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$2,314,737
REIMBURSED EXPENSES
Revenue
$337,579
SALE OF TEXT BOOKS
Revenue
$115,050
Organization Details
Founding Year
1953
Phone
(505) 449-9015Principal Officer
Bart Davis
Main Address
6301 INDIAN SCHOOL RD NE 660, ALBUQUERQUE, NM, 87110
NTEE Category
Code: B30 - Education
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