Overview
What is Laborers Training & Retraining Trust For Southern California?
The Laborers Training & Retraining Trust for Southern California is a trust fund committed to offering training and facilities for construction laborers. Based in Covina, California, this nonprofit organization extends its services to individuals regardless of their sex, race, religion, age, or nationality. Their primary mission revolves around enhancing the skills and knowledge of construction laborers through comprehensive training and retraining programs. The trust fund's objective is to foster a well-equipped and qualified workforce in the construction industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Laborers Training & Retraining Trust For Southern California has received a commendable rating of 86%, reflecting a strong performance in accountability and finance. This rating is derived entirely from its financial practices, indicating a high level of transparency and responsibility in managing resources. The organization boasts an independent board composed entirely of 22 members, which enhances its governance and decision-making processes.
The financial metrics suggest a robust organizational structure, with no material diversion of assets reported. Their audit and oversight committee is fully functional, and they maintain excellent practices in document retention and board meeting transparency. The program expense ratio is impressive at 100%, suggesting that all funds are utilized effectively towards their mission.
While the organization shows strong financial health and governance, the summary does not provide insights into programmatic outcomes or community impact. Potential supporters may want to seek additional information on the effectiveness of the training programs offered and the broader implications of their services in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Laborers Training & Retraining Trust For Southern California legitimate?
Laborers Training & Retraining Trust For Southern California is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laborers Training & Retraining Trust For Southern 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,473,134
For more financial information, click here
What is the mission statement of Laborers Training & Retraining Trust For Southern California?
The Laborers Training and Retraining Trust for Southern California is a trust fund dedicated to offering training and retraining opportunities for construction laborers. Regardless of sex, race, religion, age, or nationality, anyone can access these services. The trust's primary mission is to equip laborers with the necessary skills for the construction industry. By doing so, it enhances their employability and contributes to the overall growth of the sector. The trust fund's commitment extends beyond mere training, as it focuses on ensuring a diverse, inclusive, and accessible learning environment.
Who is the CEO of Laborers Training & Retraining Trust For Southern California?
Robert Glaza is the Executive Director of Laborers Training & Retraining Trust For Southern California.
What is the revenue of Laborers Training & Retraining Trust For Southern California?
Laborers Training & Retraining Trust For Southern California's revenue in 2022 was $21,614,753.
Who are the executives of Laborers Training & Retraining Trust For Southern California and what are their salaries?
The average compensation at Laborers Training & Retraining Trust For Southern California during 2022 was $93,793. There are 101 employees at Laborers Training & Retraining Trust For Southern California.
Here are 27 key members and their salaries:
- Compensation: $199,044
- Related: $0
- Other: $32,012
- Compensation: $191,433
- Related: $0
- Other: $33,649
- Compensation: $157,560
- Related: $0
- Other: $37,123
- Compensation: $143,998
- Related: $0
- Other: $37,227
- Compensation: $138,210
- Related: $0
- Other: $32,084
- 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
- 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
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Laborers Training & Retraining Trust For Southern California?
Laborers Training & Retraining Trust For Southern California's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laborers Training & Retraining Trust For Southern California
The Laborers Training & Retraining Trust For Southern California is a pioneering entity dedicated to equipping and enhancing the skills of construction laborers through training and retraining programs. By offering these essential services, the organization fosters the growth and development of the construction workforce, making no distinctions based on sex, race, religion, age, or nationality.
Founded as a trust fund, Laborers Training & Retraining Trust For Southern California has made a significant impact in the southern California region by providing top-notch training facilities for construction laborers. Their unwavering commitment to the labor force is evident in their dedication to offering comprehensive and inclusive training programs that empower individuals to excel in their chosen careers.
The trust fund's mission is twofold. First, it focuses on providing essential training to construction laborers, thereby ensuring they remain competitive and skilled in their respective fields. Second, it offers retraining opportunities for those who may need to adapt to new technologies or techniques. In doing so, Laborers Training & Retraining Trust For Southern California plays a crucial role in fostering a dynamic and adaptable workforce within the construction industry.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Laborers Training & Retraining Trust for Southern California plays a crucial role in enhancing the skills and employability of construction laborers in the region. By offering specialized training and retraining programs, the trust fund equips individuals with the necessary tools to thrive in the construction industry, regardless of their background. This commitment to inclusivity ensures that all laborers, whether in terms of sex, race, religion, age, or nationality, have equal access to valuable training resources.
Located in Covina, CA, the trust fund not only addresses immediate workforce needs by preparing individuals for employment but also contributes to the long-term sustainability of the construction sector in Southern California. As labor market demands evolve, the retraining aspect of the program ensures that workers can adapt and stay competitive, thus fostering a skilled workforce that meets industry standards and safety regulations.
Ultimately, the impact of the Laborers Training & Retraining Trust for Southern California extends beyond individual advancement; it strengthens the local economy by building a knowledgeable and capable labor force while promoting diversity and inclusion within the construction industry.
This information is meant to be a general summary of Laborers Training & Retraining Trust For Southern 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: -$961,790
- Program Service Revenue: $22,072,409
- Gross Receipts: $28,218,264
Assets and Liabilities:
- Total Assets: $45,600,553
- Total Liabilities: $1,906,061
- Net Assets: $43,694,492
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$19,639,089
LIQUIDATED DAMAGES
Revenue
$39,429
APPRENTICESHIP PROGRAM REIMBURSEMENTS
Revenue
$2,393,891
Organization Details
Founding Year
1970
Phone
(626) 279-3000Principal Officer
Robert Glaza
Main Address
1123 Park View Drive Ste 200, Covina, CA, 91724
NTEE Category
Code: J220 - Employment
If you are a representative of Laborers Training & Retraining Trust For Southern California and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.