Overview
What is Puget Sound Electrical Apprenticeship & Training Trust?
Puget Sound Electrical Apprenticeship & Training Trust is a nonprofit organization situated in Renton, Washington. Its primary purpose is to offer a comprehensive training program for electrical apprentices and journeyworkers. This is achieved through classroom lectures and practical lab sessions. In the reporting year ending December 31, 2022, a significant number of apprentices and journeyworkers actively participated in these programs. The trust's mission is to educate and train electrical apprentices, journeyworkers, and suitable individuals, thereby contributing to the electrical industry's workforce development. With a team of 68 employees, the trust plays a crucial role in fostering professional growth in the electrical field.
Official website here: www.psejatc.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 90% (Four-Star out of Four Stars)**tar)**
The Puget Sound Electrical Apprenticeship & Training Trust has received a strong Four-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization's high scores in areas such as having a fully independent board and a favorable liabilities to assets ratio highlight its commitment to operational integrity and financial health, which contributes positively to donor confidence.
Strengths include a substantial program expense ratio of over 84%, indicating that the majority of its funding is directed toward its core mission of apprenticeship and training. The organization also displays a reliable financial structure with no material diversion of assets and an effective whistleblower and conflict of interest policy in place, underscoring its transparent governance.
However, the Trust's fundraising efficiency ratio raises some concerns, as it shows a significant cost associated with raising funds, which may affect the overall funding available for programs. Additionally, the organization has not been scored in areas such as impact and measurement, culture and community, or leadership and adaptability, which limits a comprehensive understanding of its overall effectiveness.
User reviews from GreatNonprofits could not be fetched.
This AI summary has been generated from information found on Charity Navigator.
Is Puget Sound Electrical Apprenticeship & Training Trust legitimate?
Puget Sound Electrical Apprenticeship & Training Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Puget Sound Electrical Apprenticeship & 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: $297,203
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,414,949
For more financial information, click here
Official website here: www.psejatc.org
What is the mission statement of Puget Sound Electrical Apprenticeship & Training Trust?
The Puget Sound Electrical Apprenticeship & Training Trust is dedicated to offering a program for the education and training of electrical apprentices, journeymen, and suitable individuals. This organization utilizes its revenue to provide classroom and lab participation opportunities, aiming to equip electrical apprentices and journeymen with necessary skills. During the reporting year ending December 31, 2022, a significant number of apprentices and journeymen participated in their respective programs. In essence, the trust's mission is to contribute to the professional growth of electrical workers by providing comprehensive training.
Official website here: www.psejatc.org
What is the revenue of Puget Sound Electrical Apprenticeship & Training Trust?
Puget Sound Electrical Apprenticeship & Training Trust's revenue in 2023 was $9,611,472.
Official website here: www.psejatc.org
Who are the executives of Puget Sound Electrical Apprenticeship & Training Trust and what are their salaries?
The average compensation at Puget Sound Electrical Apprenticeship & Training Trust during 2023 was $63,678. There are 74 employees at Puget Sound Electrical Apprenticeship & Training Trust.
Here are 15 key members and their salaries:
- Compensation: $182,712
- Related: $0
- Other: $42,179
- Compensation: $56,200
- Related: $0
- Other: $11,960
- Compensation: $162,023
- Related: $0
- Other: $42,179
- Compensation: $149,046
- Related: $0
- Other: $42,179
- Compensation: $146,046
- Related: $0
- Other: $42,179
- Compensation: $143,232
- Related: $0
- Other: $41,547
- Compensation: $135,921
- Related: $0
- Other: $42,179
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.psejatc.org
Where can I find the form 990 for Puget Sound Electrical Apprenticeship & Training Trust?
Puget Sound Electrical Apprenticeship & Training Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.psejatc.org
Learn more at the official website: www.psejatc.org
Mission Statement of Puget Sound Electrical Apprenticeship & Training Trust
Puget Sound Electrical Apprenticeship & Training Trust is committed to offering a comprehensive program focused on the training and education of electrical apprentices, journeymen, and other suitable individuals. The primary objective of this nonprofit organization is to utilize its revenue sources to facilitate the learning and development of electrical apprentices and journeymen through both classroom instruction and practical lab participation. In the reporting year that ended on December 31, 2022, a significant number of apprentices and journeymen actively participated in this program, highlighting the trust's impact and effectiveness in its mission.
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Impact
July, 2024
The Puget Sound Electrical Apprenticeship & Training Trust has a significant impact on the electrical industry in the region. By providing a comprehensive program for training and educating electrical apprentices and journeyman workers, the Trust plays a crucial role in developing a skilled workforce in the field. This not only benefits the individuals who participate in their programs by enhancing their knowledge and skills but also contributes to the overall quality and safety of electrical work in the community. Through classes and hands-on labs, the Trust ensures that a substantial number of apprentices and journeyman workers are well-prepared to meet the demands of the industry. This training and education program helps to uphold high standards and professionalism within the electrical sector, ultimately benefiting both the workers and the community as a whole.
This information is meant to be a general summary of Puget Sound Electrical Apprenticeship & 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: $164,901
- Program Service Revenue: $2,471,412
- Gross Receipts: $10,982,820
Assets and Liabilities:
- Total Assets: $20,978,159
- Total Liabilities: $1,594,505
- Net Assets: $19,383,654
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FTE COLLEGE FUNDING
Revenue
$1,636,881
TEXT AND MATERIALS SALES
Revenue
$603,700
REGISTRATION AND OTHER FEES
Revenue
$230,831
Organization Details
Founding Year
1969
Principal Officer
Ryan Bradt
Website
www.psejatc.orgNTEE Category
Code: B300 - Education
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