Overview
What is Local 26 Educational Development Trust?
Local 26 Educational Development Trust is a nonprofit organization located at 8501 Zenith Court NE, Lacey, WA 98516. Their primary mission is to maintain and improve employment opportunities. They achieve this by offering an apprentice-journeyman program, which serves to recruit and train individuals in the necessary skills for the plumbing and pipfitting industry. Additionally, they provide continuing professional education for established plumbers, pipefitters, and HVAC professionals. This nonprofit's initiatives aim to ensure a skilled workforce in these specialized areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating) from Charity Navigator.
The Local 26 Educational Development Trust has received an impressive 94% rating, signifying a strong commitment to accountability and financial management. This high score is derived entirely from a robust accountability & finance evaluation, which highlights the organization's transparency and governance practices. The charity demonstrates effective oversight, with a fully independent board and no reported material diversions of assets.
The organization excels in maintaining a clear conflict of interest policy and has established whistleblower protections, both of which are critical for ethical governance. Additionally, its financial health is reflected in its low liabilities to assets ratio of 0.16%, and an impressive program expense ratio of 86.85%, indicating that a significant majority of its resources are directed towards fulfilling its mission rather than administrative costs.
Overall, while the ratings reflect strong governance and financial practices, future evaluations may benefit from information on programmatic impact and community feedback to provide a more comprehensive understanding of its effectiveness in educational development.
This AI summary has been generated from information found on Charity Navigator.
Is Local 26 Educational Development Trust legitimate?
Local 26 Educational Development Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 26 Educational Development 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: $1,272,692
For more financial information, click here
What is the mission statement of Local 26 Educational Development Trust?
The Local 26 Educational Development Trust's mission is centered around ensuring and enhancing employment opportunities. They achieve this goal by providing specialized training programs. Specifically, they offer an apprentice-journeyman program to recruit and educate individuals, equipping them with the necessary skills for entering the plumbing and pipefitting industry. Furthermore, the trust also provides continuous professional education to established plumbers, pipefitters, and HVAC professionals.
Who is the CEO of Local 26 Educational Development Trust?
Jud Hildebrandt is the Trust Admini of Local 26 Educational Development Trust.
What is the revenue of Local 26 Educational Development Trust?
Local 26 Educational Development Trust's revenue in 2022 was $3,615,092.
Who are the executives of Local 26 Educational Development Trust and what are their salaries?
The average compensation at Local 26 Educational Development Trust during 2022 was $16,317. There are 78 employees at Local 26 Educational Development Trust.
Here are 14 key members and their salaries:
- Compensation: $141,846
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- Compensation: $133,855
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- Compensation: $133,855
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- Compensation: $133,782
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- Compensation: $132,331
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Where can I find the form 990 for Local 26 Educational Development Trust?
Local 26 Educational Development Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 26 Educational Development Trust
Local 26 Educational Development Trust is dedicated to ensuring the continuity and enhancement of employment opportunities for individuals through specialized training programs. The organization's mission is twofold: firstly, it aims to recruit and educate individuals in the necessary skills to enter the plumbing and pipefitting industry. This is achieved through the Apprentice-Journeyman Program. Secondly, Local 26 Educational Development Trust provides ongoing professional education to established plumbers, pipefitters, and HVAC professionals, enabling them to advance in their careers. By offering these training programs, the trust seeks to contribute to the maintenance and improvement of employment in these specialized fields.
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Impact
July, 2024
Local 26 Educational Development Trust plays a crucial role in ensuring the maintenance and improvement of employment by providing training in specialized areas. Through their apprentice-journeymen program, they recruit and train individuals in the skills necessary to enter the plumbing and pipefitting industry. Additionally, they offer continuing professional education to plumbers, pipefitters, and HVAC professionals. By doing so, Local 26 Educational Development Trust helps to equip individuals with the necessary skills and knowledge to succeed in these fields, ultimately contributing to the workforce and employment opportunities in Lacey, WA.
This information is meant to be a general summary of Local 26 Educational Development 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 2022.
- Investment Income: $115,881
- Program Service Revenue: $3,338,427
- Gross Receipts: $4,119,253
Assets and Liabilities:
- Total Assets: $10,025,612
- Total Liabilities: $21,131
- Net Assets: $10,004,481
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,878,573
VIP TRAINING PROGRAM INCOME
Revenue
$305,563
EXPENSE REIMBURSEMENTS
Revenue
$120,409
BOOKS, TUITION, OTHER FEES
Revenue
$17,623
SCRAP METAL INCOME
Revenue
$16,116
Organization Details
Founding Year
1987
Phone
(360) 486-9400Principal Officer
Jud Hildebrandt
Main Address
8501 ZENITH COURT NE, LACEY, WA, 98516
NTEE Category
Code: J22 - Employment
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