Iron Workers Joint Apprenticeship & Training Fund

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 870293690 ✦ Salt lake city, UT ✦ Designated as a 501(c)(3)

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Overview

What is Iron Workers Joint Apprenticeship & Training Fund?

The Iron Workers Joint Apprenticeship & Training Fund is a nonprofit organization committed to employment training. They specialize in educating apprentices through comprehensive programs, encompassing tool provision and drug testing. Their primary mission revolves around preparing individuals for the iron working industry, prioritizing their professional growth and development. This organization's reach extends beyond the basic training, ensuring a well-rounded approach that fosters success in their chosen field.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 78%, Three-Star out of Four Star Rating

The Iron Workers Joint Apprenticeship & Training Fund has received a Three-Star rating from Charity Navigator, reflecting a solid overall score of 78%. This score is derived solely from the organization’s Accountability & Finance metrics, indicating a strong emphasis on financial integrity and governance. The recent fiscal year results suggest a commitment to transparency and effective oversight, with no material diversions of assets reported and comprehensive financial audits in place.

Strengths highlighted in the evaluation include a fully independent board, with all members meeting the criteria for independence, and an excellent score on financial statement management. The organization has demonstrated a healthy liabilities-to-assets ratio of 25.42%, showcasing its financial stability. Additionally, the program expense ratio of 66.68% suggests that a significant portion of funds is directed toward programmatic activities, which is vital for maintaining organizational mission and effectiveness.

While the scores are commendable, there remains room for improvement, particularly in the program expense ratio, which received a slightly lower score. A continued focus on enhancing programmatic expenditures could further bolster the organization's overall rating and impact. Overall, the Iron Workers Joint Apprenticeship & Training Fund appears to maintain a responsible and accountable operational framework.


This AI summary has been generated from information found on Charity Navigator.

Is Iron Workers Joint Apprenticeship & Training Fund legitimate?

Iron Workers Joint Apprenticeship & Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iron Workers Joint Apprenticeship & 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: $222,557
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,521

For more financial information, click here

What is the mission statement of Iron Workers Joint Apprenticeship & Training Fund?

The Iron Workers Joint Apprenticeship & Training Fund is dedicated to providing employment training for apprentices. This is achieved through comprehensive programs that encompass various aspects, such as tool instruction and drug testing. The organization's primary focus is to equip individuals with the necessary skills, ensuring they are well-prepared for their future careers in the industry.

Who is the CEO of Iron Workers Joint Apprenticeship & Training Fund?

Levi Velasques is the Principal Officer of Iron Workers Joint Apprenticeship & Training Fund.

What is the revenue of Iron Workers Joint Apprenticeship & Training Fund?

Iron Workers Joint Apprenticeship & Training Fund's revenue in 2023 was $510,718.

Who are the executives of Iron Workers Joint Apprenticeship & Training Fund and what are their salaries?

The average compensation at Iron Workers Joint Apprenticeship & Training Fund during 2023 was $30,308. There are 10 employees at Iron Workers Joint Apprenticeship & Training Fund.


Here are 8 key members and their salaries:


Wesley Peay (Trustee)
  • Compensation: $56,449
  • Related: $0
  • Other: $39,334
David Lloyd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Olsen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kraig Iverson (32222222222222203...........)
  • Compensation: $0
  • Related: $0
  • Other: $0
Levi Velasquez (Director)
  • Compensation: $80,995
  • Related: $0
  • Other: $45,779
Matt Blase (Turstee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Meier (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Woody Cook (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Iron Workers Joint Apprenticeship & Training Fund?

Iron Workers Joint Apprenticeship & Training Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Iron Workers Joint Apprenticeship & Training Fund

The Iron Workers Joint Apprenticeship & Training Fund is dedicated to providing employment training for aspiring professionals in the field. This nonprofit organization accomplishes its mission by offering comprehensive programs that equip apprentices with essential skills and knowledge, including the use of tools and drug testing. By focusing on training, the Iron Workers Joint Apprenticeship & Training Fund aims to prepare individuals for successful careers in their respective industries.

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Impact




July, 2024

The Iron Workers Joint Apprenticeship & Training Fund plays a crucial role in the training and development of apprentices in Salt Lake City, UT. By providing programs that include tools and drug testing, this organization equips individuals with the necessary skills and knowledge to secure employment in the ironworking industry. This training directly impacts the apprentices by preparing them for successful careers and contributing to the workforce of the region.




This information is meant to be a general summary of Iron Workers Joint Apprenticeship & 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.

Revenue
$510,718 (2023)
2011201220132014201520162017201820192020202120222023$0$250k$500k$750k$1M
Expenses
$618,347 (2023)
2011201220132014201520162017201820192020202120222023$0$250k$500k$750k$1M
Efficiency
20112012201320142015201620172018201920202021202220230%15%30%45%60%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $488,235
  • Gross Receipts: $510,718

Assets and Liabilities:

  • Total Assets: $261,994
  • Total Liabilities: $66,622
  • Net Assets: $195,372

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$480,674

TRAINING REIMBURSEMENTS

Revenue

$2,191

OTHER

Revenue

$5,370

Organization Details

Founding Year

1970

Principal Officer

Levi Velasques

Main Address

2261 REDWOOD ROAD, SALT LAKE CITY, UT, 84119

NTEE Category

Code: J22 - Employment

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