Overview
What is Refrigeration & Air Conditioning Training Trust?
The Refrigeration & Air Conditioning Training Trust is a nonprofit organization situated in Walnut Creek, California. Its primary focus is on offering comprehensive training in the fields of refrigeration and air conditioning. As a dedicated employment training organization, it offers practical learning experiences and support to aspiring professionals aiming to establish a career in this industry. The trust's mission is to equip apprentices with the necessary skills, ensuring they are well-prepared for their future endeavors in this sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 12% (Zero-Star out of Four Star rating)
The Refrigeration & Air Conditioning Training Trust has received a notably low score of 12%, which indicates significant concerns regarding its accountability and financial transparency. With no independent board members and missing financial statements, the organization has not demonstrated effective governance practices. The absence of essential policies, such as conflict of interest and whistleblower policies, further reflects a lack of foundational operational guidelines.
Strengths noted include that the organization does document board meeting minutes, showcasing some level of operational record-keeping. However, the overall financial health appears concerning, as indicated by the 0.00% ratios for both liabilities to assets and program expenses, suggesting that the funds are not being allocated effectively towards the charity's mission.
Overall, while the organization maintains some operational documentation, the significant shortcomings in governance, financial transparency, and policy implementation suggest a need for improvement. Prospective donors and supporters should consider these factors when assessing the trustworthiness and effectiveness of the Refrigeration & Air Conditioning Training Trust.
This AI summary has been generated from information found on Charity Navigator.
Is Refrigeration & Air Conditioning Training Trust legitimate?
Refrigeration & Air Conditioning Training Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Refrigeration & Air Conditioning 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: $72,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Refrigeration & Air Conditioning Training Trust?
The Refrigeration & Air Conditioning Training Trust is dedicated to its mission of providing training in the fields of refrigeration and air conditioning. As an employment training organization, it offers hands-on learning experiences and support to apprentices aiming for careers in these sectors. The trust's primary objective is to equip individuals with the necessary skills to excel in their chosen profession. By offering comprehensive training programs, it contributes to the growth and development of the refrigeration and air conditioning industry.
Who is the CEO of Refrigeration & Air Conditioning Training Trust?
Richard L Milsner is the Trustee of Refrigeration & Air Conditioning Training Trust.
What is the revenue of Refrigeration & Air Conditioning Training Trust?
Refrigeration & Air Conditioning Training Trust's revenue in 2022 was $709,787.
Who are the executives of Refrigeration & Air Conditioning Training Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $72,000
- Related: $0
- Other: $0
Where can I find the form 990 for Refrigeration & Air Conditioning Training Trust?
Refrigeration & Air Conditioning Training Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Refrigeration & Air Conditioning Training Trust
The Refrigeration & Air Conditioning Training Trust is dedicated to educating and training individuals in the field of refrigeration and air conditioning. As a mission-driven organization, its primary goal is to provide apprentices with hands-on learning experiences, aiming to prepare them for successful careers in this industry. By offering comprehensive training programs, the Refrigeration & Air Conditioning Training Trust serves as a vital employment training resource, fostering the growth and development of future professionals in this essential sector.
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Impact
July, 2024
The Refrigeration & Air Conditioning Training Trust has a significant impact on the industry by providing essential training to individuals in refrigeration and air conditioning. Through its hands-on learning experiences and support for apprentices, the trust equips individuals with the skills and knowledge necessary for a successful career in these fields. By focusing on employment training, the trust plays a crucial role in bridging the gap between education and industry needs, ultimately contributing to a skilled workforce in the refrigeration and air conditioning sector. This helps meet the demand for qualified professionals and ensures the tasks
sustainable growth of the industry.
This information is meant to be a general summary of Refrigeration & Air Conditioning 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: $26,359
- Program Service Revenue: $683,428
- Gross Receipts: $2,629,946
Assets and Liabilities:
- Total Assets: $10,410,169
- Total Liabilities: $0
- Net Assets: $10,410,169
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Regrigeration Apprentices
Revenue
$683,428
Organization Details
Founding Year
1965
Phone
(925) 872-2409Principal Officer
Richard L Milsner
Main Address
1233 Alpine Road 200, Walnut Creek, CA, 94596
NTEE Category
Code: J22 - Employment
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