Overview
What is Utah Sheet Metal Education & Training Trust?
Utah Sheet Metal Education & Training Trust is a nonprofit organization situated in Salt Lake City, Utah. This collective bargaining agreement-established institution serves as a jointly administered school, primarily focusing on teaching the intricate trade skills of the sheet metal industry. The organization's primary mission is to prepare and advance apprentices towards becoming fully-fledged journey-level sheet metal graduates. The revenue generated through this program is exclusively dedicated to supporting the students' educational journey. With a modest workforce of nine individuals, Utah Sheet Metal Education & Training Trust is committed to nurturing the future of the sheet metal industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
The Utah Sheet Metal Education & Training Trust has received a two-star rating from Charity Navigator, indicating a moderate level of effectiveness in its operations. The organization demonstrates strong accountability and financial practices, with a notable program expense ratio of 83.29%, suggesting that a significant portion of its resources is allocated directly towards its mission-related activities.
Strengths of the organization include having a fully independent board, with 100% of its members being independent, contributing to transparent governance. Additionally, the trust exhibits no material diversion of assets and has a solid conflict of interest policy in place. These factors reflect a commitment to ethical management and oversight.
However, while the organization shows strong financial ratios and governance practices, the overall rating indicates there may be room for improvement in other areas that contribute to its effectiveness. This two-star rating suggests potential stakeholders consider further research into the charity’s impact beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Utah Sheet Metal Education & Training Trust legitimate?
Utah Sheet Metal Education & Training Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Utah Sheet Metal Education & Training Trust 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: $408,051
For more financial information, click here
What is the mission statement of Utah Sheet Metal Education & Training Trust?
The Utah Sheet Metal Education & Training Trust operates as a jointly administered apprenticeship program, dedicated to teaching the trade skills required in the sheet metal industry. This collective bargaining agreement serves as the foundation for an educational institution, where all revenue generated is utilized to facilitate the progress of students towards becoming journeyman sheet metal graduates. The mission of this trust is to provide comprehensive training, thereby fostering the development of skilled professionals in the sheet metal sector.
Who is the CEO of Utah Sheet Metal Education & Training Trust?
Kevin Jones is the Trustee of Utah Sheet Metal Education & Training Trust.
What is the revenue of Utah Sheet Metal Education & Training Trust?
Utah Sheet Metal Education & Training Trust's revenue in 2023 was $739,477.
Who are the executives of Utah Sheet Metal Education & Training Trust and what are their salaries?
The average compensation at Utah Sheet Metal Education & Training Trust during 2023 was $45,339. There are 9 employees and 6 volunteers at Utah Sheet Metal Education & Training Trust.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Utah Sheet Metal Education & Training Trust?
Utah Sheet Metal Education & Training Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Utah Sheet Metal Education & Training Trust
Utah Sheet Metal Education & Training Trust, as a collectively bargained jointly administered program, is dedicated to advancing the skills of individuals in the sheet metal industry. This organization operates as a school specifically designed for this trade, with all revenue directly contributing to the progress of its students towards becoming journey-level sheet metal graduates. The mission of Utah Sheet Metal Education & Training Trust is to provide a comprehensive apprenticeship program, teaching the necessary skills required in the sheet metal industry.
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Impact
July, 2024
The Utah Sheet Metal Education & Training Trust plays a crucial role in providing education and training in the sheet metal industry. By offering a collectively bargained jointly administered apprenticeship program, the trust is able to equip individuals with the necessary trade skills to become successful journeyman sheet metal graduates. This impact extends beyond just the individual students, as it directly contributes to the advancement and growth of the sheet metal industry as a whole. Through their programs, the trust helps to ensure a skilled workforce that can meet the demands of the industry, ultimately supporting economic development and innovation in the field.
This information is meant to be a general summary of Utah Sheet Metal Education & Training Trust. 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: $31,694
- Program Service Revenue: $707,519
- Gross Receipts: $739,477
Assets and Liabilities:
- Total Assets: $2,326,205
- Total Liabilities: -$1,513
- Net Assets: $2,327,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$532,474
REIMB FOR HRS OF TRAINING
Revenue
$140,660
OTHER REIMBURSEMENTS
Revenue
$27,732
TOOLS
Revenue
$6,653
Organization Details
Founding Year
1945
Phone
(801) 972-2480Principal Officer
Kevin Jones
Main Address
2480 S 3400 W, SALT LAKE CITY, UT, 84119
NTEE Category
Code: B30 - Education
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