Overview
What is Central Valley Electrical Industry Training And Educational Trust?
The Central Valley Electrical Industry Training and Educational Trust is a nonprofit organization situated in Modesto, California. Their primary focus is on providing education and training for union apprentices and supplementary education for journey-level electricians to maintain their proficiency in industry practices. This endeavor aims to ensure that workers in the electrical industry remain updated on current work methods. The trust employs a team of five individuals dedicated to this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. This rating indicates that while the Central Valley Electrical Industry Training And Educational Trust demonstrates some accountability and financial transparency, there are areas where improvement is necessary. The organization has a moderate score primarily due to its program expense ratio, which suggests that a significant portion of its resources may not be directly allocated to its educational programs.
The organization shows strengths in governance and financial oversight, with 71% of its board members being independent and an effective audit and oversight committee. It also maintains a low liabilities to assets ratio at 4.30%, reflecting solid financial health in terms of debt management. The documentation of board meeting minutes further supports its commitment to transparency.
However, the program expense ratio of 59.25% indicates that more than 40% of funds may not be directed towards programs, which could raise concerns among donors about the impact of their contributions. Addressing this area could enhance the organization's overall effectiveness and improve its rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Central Valley Electrical Industry Training And Educational Trust legitimate?
Central Valley Electrical Industry Training And Educational Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Valley Electrical Industry Training And Educational 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: $333,061
For more financial information, click here
What is the mission statement of Central Valley Electrical Industry Training And Educational Trust?
The Central Valley Electrical Industry Training and Educational Trust is committed to providing an educational program for union apprentices and supplementary education for union journeymen in the electrical industry. Their primary objective is to ensure these professionals stay updated with the latest methods and techniques in their field. The trust focuses on covering the expenses directly related to the training of apprentices and journeymen, thereby contributing to the continuous development and advancement of the electrical industry.
Who is the CEO of Central Valley Electrical Industry Training And Educational Trust?
Scott Taylor is the Trustee of Central Valley Electrical Industry Training And Educational Trust.
What is the revenue of Central Valley Electrical Industry Training And Educational Trust?
Central Valley Electrical Industry Training And Educational Trust's revenue in 2022 was $1,037,649.
Who are the executives of Central Valley Electrical Industry Training And Educational Trust and what are their salaries?
The average compensation at Central Valley Electrical Industry Training And Educational Trust during 2022 was $66,612. There are 5 employees at Central Valley Electrical Industry Training And Educational Trust.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $132,348
- Other: $65,446
- Compensation: $0
- Related: $137,082
- Other: $58,495
- Compensation: $78,978
- Related: $49,240
- Other: $58,623
- Compensation: $112,573
- Related: $1,521
- Other: $55,124
- Compensation: $109,008
- Related: $752
- Other: $54,698
- Compensation: $0
- Related: $52,887
- Other: $27,128
- Compensation: $0
- Related: $2,804
- Other: $0
- Compensation: $0
- Related: $1,143
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Central Valley Electrical Industry Training And Educational Trust?
Central Valley Electrical Industry Training And Educational Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Valley Electrical Industry Training And Educational Trust
Central Valley Electrical Industry Training and Educational Trust is an organization dedicated to providing educational programs. Its primary mission is to educate union apprentices and offer supplementary education to union journeywomen in the electrical industry. By investing in the training of these individuals, the trust aims to ensure they stay updated with the latest work methods in the industry. This commitment to continuous learning and skill development within the electrical sector is crucial for maintaining high standards and promoting career growth in the field.
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Impact
July, 2024
Central Valley Electrical Industry Training And Educational Trust plays a crucial role in advancing the skills and knowledge of union apprentices and journeyman in the electrical industry. By providing a structured program for education and training, the trust ensures that workers in the industry are equipped with the latest work methods and tools necessary to excel in their roles. This not only benefits the individuals directly involved but also contributes to the overall quality and safety standards in the electrical industry. The impact of this trust extends beyond just education, as it ultimately supports employment opportunities and career growth for those in the electrical field.
This information is meant to be a general summary of Central Valley Electrical Industry Training And Educational 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: $2,440
- Program Service Revenue: $834,021
- Gross Receipts: $1,037,649
Assets and Liabilities:
- Total Assets: $2,336,203
- Total Liabilities: $100,573
- Net Assets: $2,235,630
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$814,427
BOOK SALES
Revenue
$19,594
Organization Details
Founding Year
1971
Phone
(209) 524-5171Principal Officer
Scott Taylor
Main Address
519 12TH ST, MODESTO, CA, 95354
NTEE Category
Code: J22 - Employment
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