Overview
What is Construction Industry Training Trust?
Construction Industry Training Trust is a nonprofit organization situated in Portland, Oregon. Their primary focus is to provide apprenticeship programs for various construction-related professions, including carpenters, laborers, masons, sign hangers, roofers, and operating engineers. The trust serves as a financial resource for funding building and construction industry training programs, contributing towards the expenses of training and retraining workers in the construction sector. This initiative aims to enhance the skill set and expertise of both trainees and journey-level workers within the construction industry.
What are the reviews and ratings of this charity?
85% rating from Charity Navigator indicates that Construction Industry Training Trust has a solid performance in accountability and finance, earning a three-star rating. This score reflects the organization's commitment to transparency and responsible financial management.
The organization boasts a fully independent board and has effectively implemented various governance policies, such as a conflict of interest policy and document retention practices. Additionally, it has demonstrated strong financial oversight, with no material diversion of assets reported. The ratio of liabilities to assets is favorable, suggesting a stable financial position.
However, while the program expense ratio stands at 65.97%, which is relatively good, it is slightly below the ideal benchmark for nonprofit organizations. This points to a potential area for improvement in allocating more resources directly to programs, thereby enhancing their impact. Overall, the Construction Industry Training Trust shows a commendable level of accountability and governance, though there is room for improvement in program expenditure efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Construction Industry Training Trust legitimate?
Construction Industry Training Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Construction Industry 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Construction Industry Training Trust?
The Construction Industry Training Trust is committed to funding training and retraining programs within the building and construction sector. Its primary objective is to cover the expenses associated with educating apprentices and journeyworkers in the construction industry. The trust's activities primarily involve providing apprenticeship programs for various professions in the construction field, including carpenters, laborers, masons, sign hangers, roofers, and operating engineers. The aim is to ensure a skilled workforce in the construction industry.
Who is the CEO of Construction Industry Training Trust?
Laurie Emery is the Chair of Construction Industry Training Trust.
What is the revenue of Construction Industry Training Trust?
Construction Industry Training Trust's revenue in 2022 was $2,580,597.
Who are the executives of Construction Industry Training Trust and what are their salaries?
There 6 volunteers at Construction Industry Training Trust.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Construction Industry Training Trust?
Construction Industry Training Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Construction Industry Training Trust
The Construction Industry Training Trust is committed to funding training and retraining programs within the building and construction industry. This trust serves as a vital resource, covering the expenses associated with educating apprentices and journey-level workers in various sectors of the construction field, such as carpenters, laborers, masons, sign hangers, roofers, and operating engineers. By defraying these costs, the Construction Industry Training Trust plays a crucial role in fostering the growth and development of skilled workers in the construction industry. This investment in education and training ultimately contributes to the industry's overall strength and competitiveness.
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Impact
July, 2024
The Construction Industry Training Trust has a significant impact on the building and construction industry by providing apprenticeship programs for carpenters, laborers, masons, sign hangers, roofers, and operating engineers. This training trust plays a crucial role in defraying the costs of training or retraining trainees and journeymen in the construction field, ensuring that individuals receive the necessary skills and knowledge to excel in their careers. By investing in the development of workers in this industry, the Construction Industry Training Trust contributes to a skilled and competent workforce, benefiting both the employers and the overall industry in Portland, Oregon.
This information is meant to be a general summary of Construction Industry 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 2022.
- Investment Income: $107,721
- Program Service Revenue: $2,472,876
- Gross Receipts: $2,921,008
Assets and Liabilities:
- Total Assets: $4,833,587
- Total Liabilities: $90,286
- Net Assets: $4,743,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING AGENT FEES
Revenue
$2,472,876
Organization Details
Founding Year
1986
Phone
(503) 256-7300Principal Officer
Laurie Emery
Main Address
8111 NE HOLMAN ST, PORTLAND, OR, 972180421
NTEE Category
Code: J22I - Employment
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