Overview
What is Laborers Training And Retraining Trust Fund For Northern California?
The Laborers Training and Retraining Trust Fund for Northern California is a nonprofit organization located at 5672 Stoneridge Drive Suite 100, Pleasanton, California, 94588. Their primary mission is to provide training opportunities to eligible participants under the collective bargaining agreements between the unions and employers in the region. Through this initiative, they aim to enhance the skills and capabilities of laborers, ensuring they remain competitive in the workforce. The organization, with a team of 48 employees, plays a crucial role in bridging the gap between the labor market demands and the workforce's capabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Laborers Training and Retraining Trust Fund for Northern California has earned a strong Four-Star rating from Charity Navigator, highlighting its commitment to accountability and financial integrity. The organization received a perfect score in various areas, indicating a robust oversight structure, including a fully independent board and sound financial practices. The high program expense ratio of 92.22% suggests that the majority of its resources are directed towards its core mission rather than administrative costs.
The Trust Fund's fiscal responsibility is further illustrated by its low liabilities to assets ratio of 4.90%, showing a stable financial position. The charity maintains comprehensive policies for conflict of interest, whistleblower protections, and document retention, reflecting transparency and a proactive approach to governance.
There are no significant limitations noted in the data, and the organization appears to have implemented best practices in its operations. Overall, the Trust Fund demonstrates a commendable level of accountability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Laborers Training And Retraining Trust Fund For Northern California legitimate?
Laborers Training And Retraining Trust Fund For Northern California is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laborers Training And Retraining Trust Fund For Northern California 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: $259,034
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,476,267
For more financial information, click here
What is the mission statement of Laborers Training And Retraining Trust Fund For Northern California?
The Laborers Training and Retraining Trust Fund for Northern California is dedicated to delivering education and skills development to eligible individuals falling under the jurisdiction of the collective bargaining agreements between the unions and employers. Their primary objective is to equip these participants with the necessary knowledge and expertise to enhance their professional growth and adapt to evolving industries. Through organized training programs, they foster personal and career advancement for union members, ultimately contributing to their long-term success.
Who is the CEO of Laborers Training And Retraining Trust Fund For Northern California?
Oscar De La Torre is the Chair of Laborers Training And Retraining Trust Fund For Northern California.
What is the revenue of Laborers Training And Retraining Trust Fund For Northern California?
Laborers Training And Retraining Trust Fund For Northern California's revenue in 2022 was $24,129,613.
Who are the executives of Laborers Training And Retraining Trust Fund For Northern California and what are their salaries?
The average compensation at Laborers Training And Retraining Trust Fund For Northern California during 2022 was $77,819. There are 48 employees at Laborers Training And Retraining Trust Fund For Northern California.
Here are 20 key members and their salaries:
- Compensation: $167,977
- Related: $0
- Other: $85,812
- Compensation: $132,878
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- Other: $70,212
- Compensation: $125,051
- Related: $0
- Other: $75,412
- Compensation: $126,530
- Related: $0
- Other: $68,913
- Compensation: $117,837
- Related: $0
- Other: $75,412
- Compensation: $115,046
- Related: $0
- Other: $63,115
- Compensation: $0
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Where can I find the form 990 for Laborers Training And Retraining Trust Fund For Northern California?
Laborers Training And Retraining Trust Fund For Northern California's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laborers Training And Retraining Trust Fund For Northern California
The Laborers Training and Retraining Trust Fund for Northern California is a nonprofit organization dedicated to providing training opportunities for eligible participants covered by the collective bargaining agreements between the unions and employers. This entity's primary mission is to equip individuals with the necessary skills and knowledge to excel in their chosen professions.
In the heart of California, the Laborers Training and Retraining Trust Fund for Northern California plays a pivotal role in fostering the growth and development of its participants. By offering comprehensive training programs, this nonprofit organization bridges the gap between the workforce and the ever-evolving demands of the industries they serve. Through rigorous training sessions, participants are able to acquire new skills, update existing knowledge, and enhance their professional competencies.
The Laborers Training and Retraining Trust Fund for Northern California is a beacon of hope for those seeking to upskill or reskill in their careers. By adhering to the collective bargaining agreements between the unions and employers, this organization ensures that the training it provides is not only top-notch but also industry-standard. As a result, participants are well-equipped to meet the challenges of their professions and contribute positively to their workplaces.
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Impact
October, 2024
The Laborers Training and Retraining Trust Fund for Northern California significantly impacts the workforce by offering comprehensive training for eligible participants under collective bargaining agreements between unions and employers. This initiative equips laborers with essential skills and knowledge relevant to their trade, enhancing both their employability and the overall quality of work in the construction industry. By focusing on retraining and skill development, the program helps to maintain a highly skilled labor pool, responding to evolving industry demands and ensuring that workers are prepared for new challenges and technologies. This proactive approach not only strengthens individual careers but also contributes to the competitiveness and productivity of the construction sector in Northern California.
This information is meant to be a general summary of Laborers Training And Retraining Trust Fund For Northern California. 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: $2,482,424
- Program Service Revenue: $19,232,069
- Gross Receipts: $60,348,411
Assets and Liabilities:
- Total Assets: $51,972,305
- Total Liabilities: $1,449,798
- Net Assets: $50,522,507
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$19,144,903
LIQUIDATED DAMAGES
Revenue
$87,166
Organization Details
Founding Year
1968
Phone
(707) 864-2800Principal Officer
Oscar De La Torre
Main Address
5672 Stoneridge Drive Suite 100, Pleasanton, CA, 94588
NTEE Category
Code: J23Z - Employment
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