Overview
What is Independent Electrical Training Trust?
The Independent Electrical Training Trust is a nonprofit organization that focuses on providing vocational training to individuals, aiming to prepare them for employment. Their mission is successful, as they reported a total revenue of $948,211 last year. Their primary activity lies in apprenticeship training and education, ensuring that individuals gain the necessary skills for employment within the electrical sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star Rating)
The Independent Electrical Training Trust has received a Two-Star rating from Charity Navigator, indicating a score of 67%. This rating reflects a moderate level of accountability and financial performance, with particular strengths in governance, as evidenced by its 100% independent board members and no material diversion of assets. The organization also demonstrates a high program expense ratio of 95.70%, suggesting that a significant portion of its funds is directed towards programmatic activities.
However, the rating also highlights several areas of concern regarding the trust's operational transparency. Notably, the organization lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy. Additionally, important financial documentation, including the financial statements review and tax forms, is missing from its website, which could affect stakeholder confidence and accountability.
While the Independent Electrical Training Trust showcases a strong commitment to its core programs, the absence of transparency measures and documentation could limit its effectiveness and public trust. Addressing these gaps in governance and financial reporting will be essential for enhancing the organization's overall rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Independent Electrical Training Trust legitimate?
Independent Electrical Training Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent Electrical 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: $0
For more financial information, click here
What is the mission statement of Independent Electrical Training Trust?
The Independent Electrical Training Trust focuses on providing apprenticeship training and education, aiming to prepare individuals for employment. Their mission is geared towards this goal, as evidenced by the significant revenue of $948,211 they generated last year. The organization's mission is essentially to equip individuals with the necessary skills for employment in the electrical industry. Their primary activity revolves around training, providing a viable pathway for individuals seeking employment in this field.
Who is the CEO of Independent Electrical Training Trust?
Zandi Cox is the Chair of Independent Electrical Training Trust.
What is the revenue of Independent Electrical Training Trust?
Independent Electrical Training Trust's revenue in 2022 was $1,273,487.
Who are the executives of Independent Electrical Training Trust and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Independent Electrical Training Trust?
Independent Electrical Training Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Independent Electrical Training Trust
The Independent Electrical Training Trust, abbreviated as IETT, is dedicated to providing vocational training and education, with the ultimate goal of preparing individuals for employment. Through its efforts, IETT managed to generate a total revenue of $948,211 last year. This organization's mission is centered around equipping individuals with the necessary skills and knowledge required to secure employment in their chosen field.
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Impact
July, 2024
Independent Electrical Training Trust's impact is significant in training individuals for employment in the electrical industry. Through its apprenticeship training and education programs, the trust equips individuals with the necessary skills and knowledge to excel in the field. Last year, the trust generated $948,211 in total revenues, reflecting its commitment to providing quality training opportunities. Their focus on preparing individuals for employment underscores their dedication to fostering economic growth and workforce development in Tigard, Oregon. By offering valuable training services, the trust plays a critical role in facilitating career advancement and creating employment opportunities for individuals seeking a career in the electrical industry.
This information is meant to be a general summary of Independent Electrical 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: $1,014
- Program Service Revenue: $1,266,433
- Gross Receipts: $1,273,487
Assets and Liabilities:
- Total Assets: $1,033,564
- Total Liabilities: $81,984
- Net Assets: $951,580
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$657,101
JOINDER INCOME
Revenue
$601,122
TA APPLICATION INCOME
Revenue
$6,975
LATE FEES
Revenue
$660
CE REVENUE SHARE
Revenue
$575
Organization Details
Founding Year
1993
Phone
(503) 589-7798Principal Officer
Zandi Cox
Main Address
11481 SW HALL BLVD SUITE 100, TIGARD, OR, 97223
NTEE Category
Code: J22 - Employment
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