Overview
What is Joint Apprenticeship & Training Committee?
The Joint Apprenticeship & Training Committee is a nonprofit organization situated in Albuquerque, New Mexico. Its primary focus is to provide high-quality apprenticeship and journey-level training for individuals within the electrical industry in New Mexico. The organization adheres to the standards set by the National Joint Apprenticeship and Training Committee of the Electrical Industry, ensuring a comprehensive and reliable learning experience for its trainees. With a dedicated workforce of 23 employees, the Joint Apprenticeship & Training Committee plays a vital role in equipping the electrical industry workforce with the necessary skills to excel in their professions.
Official website here: www.nmjatc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Joint Apprenticeship & Training Committee has received an 84% rating from Charity Navigator, indicating a good level of accountability and finance management. This score is derived entirely from their Accountability & Finance metrics, where they excelled in areas such as independent board member representation, material diversion of assets, and financial oversight. All board members are independent, underscoring strong governance practices.
Strengths highlighted include a solid financial structure, with a liabilities to assets ratio of just 0.11%, suggesting prudent fiscal management. The organization maintains a high level of transparency, exemplified by their adherence to conflict of interest policies and the availability of board meeting minutes. However, their program expense ratio is at 60.46%, which may indicate room for improvement in how they allocate funds towards programmatic activities compared to administrative costs.
While the organization demonstrates overall strong financial health, the relatively low program expense ratio may raise concerns among some donors or stakeholders regarding the effectiveness of fund utilization. Continued focus on enhancing program expenditures could improve their standing and impact within the community they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Joint Apprenticeship & Training Committee legitimate?
Joint Apprenticeship & Training Committee is a legitimate nonprofit organization registered as a 501(c)(3) entity. Joint Apprenticeship & Training Committee 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: $132,933
Professional Fundraising Fees: $0
Other Salaries and Wages: $622,815
For more financial information, click here
Official website here: www.nmjatc.org
What is the mission statement of Joint Apprenticeship & Training Committee?
The Joint Apprenticeship & Training Committee is dedicated to providing high-quality apprenticeship and journeyman training for the electrical industry, adhering to the standards set by the National Joint Apprenticeship and Training Committee of the Electrical Industry. Their primary mission is to equip individuals with the necessary skills and knowledge required for a successful career in the electrical sector. By adhering to these standards, they ensure that their training programs are up-to-date and meet the industry's demands.
Official website here: www.nmjatc.org
What is the revenue of Joint Apprenticeship & Training Committee?
Joint Apprenticeship & Training Committee's revenue in 2023 was $1,689,392.
Official website here: www.nmjatc.org
Who are the executives of Joint Apprenticeship & Training Committee and what are their salaries?
The average compensation at Joint Apprenticeship & Training Committee during 2023 was $31,490. There are 24 employees at Joint Apprenticeship & Training Committee.
Here are 9 key members and their salaries:
- Compensation: $109,474
- Related: $0
- Other: $23,459
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nmjatc.org
Where can I find the form 990 for Joint Apprenticeship & Training Committee?
Joint Apprenticeship & Training Committee's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nmjatc.org
Learn more at the official website: www.nmjatc.org
Mission Statement of Joint Apprenticeship & Training Committee
The Joint Apprenticeship & Training Committee is committed to providing high-quality apprenticeship and journeyman training for individuals in the electrical industry. This organization adheres to the standards set forth by the National Joint Apprenticeship and Training Committee of the Electrical Industry, ensuring a comprehensive and rigorous training program. The mission of the Joint Apprenticeship & Training Committee is to equip trainees with the necessary skills and knowledge to excel in their respective roles within the electrical industry. By adhering to these national standards, the committee ensures that its training programs are of the highest caliber, preparing individuals for successful careers in this field.
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Impact
July, 2024
The Joint Apprenticeship & Training Committee has a significant impact on the electrical industry in New Mexico by providing high-quality apprenticeship and journeyman training. By adhering to the standards set by the National Joint Apprenticeship and Training Committee, this organization ensures that individuals in the electrical field receive comprehensive and recognized training. This contributes to a skilled workforce, promotes employment opportunities, and ultimately enhances the overall quality and safety of electrical work in the region. The work of the Joint Apprenticeship & Training Committee plays a vital role in shaping the future of the electrical industry in New Mexico.
This information is meant to be a general summary of Joint Apprenticeship & Training Committee. 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: $30,679
- Program Service Revenue: $1,338,545
- Gross Receipts: $1,830,319
Assets and Liabilities:
- Total Assets: $1,801,617
- Total Liabilities: $1,985
- Net Assets: $1,799,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTOR'S ASSESSMENTS
Revenue
$1,314,031
REGISTRATION AND OTHER FEES
Revenue
$12,335
CONTINUING ED CLASS FEES
Revenue
$12,179
Organization Details
Founding Year
1970
Principal Officer
Bobby Getts
Website
www.nmjatc.orgNTEE Category
Code: J22 - Employment
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