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Mechanics Local 701 Training Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204447127 ✦ Aurora, IL ✦ Designated as a 501(c)(3)

Overview

What is Mechanics Local 701 Training Fund?

Mechanics Local 701 Training Fund is a nonprofit organization situated in Aurora, Illinois. Its primary mission is to establish and maintain educational and training programs for journeyworkers and apprentices in the field of automobile mechanics, catering to the skills and knowledge required within their jurisdiction. The fund aims to foster continuous development and growth in the craft by providing relevant and comprehensive training opportunities. Currently, the organization boasts a team of 12 dedicated individuals committed to this cause.


Official website here: www.local701training.com

Is Mechanics Local 701 Training Fund legitimate?

Mechanics Local 701 Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mechanics Local 701 Training Fund 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $399,233

For more financial information, click here


Official website here: www.local701training.com

What is the mission statement of Mechanics Local 701 Training Fund?

The Mechanics Local 701 Training Fund is committed to establishing and maintaining educational programs aimed at enhancing the skills and knowledge of journeymen and apprentices within the realm of automobile mechanics. Their mission is centered around providing further development opportunities in their respective crafts, ensuring the continuity of excellence and proficiency within the automotive industry. By offering these training programs, the Fund seeks to equip its members with the necessary tools to excel in their chosen fields, ultimately contributing to the industry's growth and progress.


Official website here: www.local701training.com

Who is the CEO of Mechanics Local 701 Training Fund?

Mark Grasseschi is the Former Trustee of Mechanics Local 701 Training Fund.


Official website here: www.local701training.com

What is the revenue of Mechanics Local 701 Training Fund?

Mechanics Local 701 Training Fund's revenue in 2022 was $998,044.


Official website here: www.local701training.com

Who are the executives of Mechanics Local 701 Training Fund and what are their salaries?

The average compensation at Mechanics Local 701 Training Fund during 2022 was $33,269. There are 12 employees at Mechanics Local 701 Training Fund.

Here are 9 key members and their salaries:

    Dan Lentino (Program Director)
  • Compensation: $107,423
  • Related: $0
  • Other: $37,413

    • Samuel Cicinelli (Former Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Gallagher (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Kimmel (Former Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Chandler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Walter Emerson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry D'Arcy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Grasseschi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan Haehnlein (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.local701training.com

    Where can I find the form 990 for Mechanics Local 701 Training Fund?

    The Mechanics Local 701 Training Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.local701training.com

    Learn more at the official website: www.local701training.com

    Mission Statement of Mechanics Local 701 Training Fund

    Mechanics Local 701 Training Fund is committed to establishing and maintaining educational and training programs for journeyworkers and apprentices within the realm of automotive mechanics. Their primary objective is to foster the development of necessary skills and knowledge required in these crafts, ensuring the continuous growth and advancement of their members. By providing these programs, Mechanics Local 701 Training Fund empowers individuals to excel in their respective trades, ultimately contributing to the overall strength and expertise of the automotive mechanics industry under their jurisdiction.

    Impact

    This information is meant to be a general summary of Mechanics Local 701 Training Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of Mechanics Local 701 Training Fund is evident in the development of skills and knowledge among journeymen and apprentices within the automobile mechanics industry. By establishing and maintaining training and education programs, the organization plays a crucial role in enhancing the expertise of individuals working in this craft. This not only benefits the individuals directly involved but also contributes to the overall quality and professionalism of the automobile mechanics sector. Through its dedicated focus on education and skill development, Mechanics Local 701 Training Fund is instrumental in shaping a competent and competitive workforce in the field.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $17,663
  • Program Service Revenue: $773,721
  • Gross Receipts: $1,000,479

    • Assets and Liabilities:
  • Total Assets: $956,855
  • Total Liabilities: $86
  • Net Assets: $956,769
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EMPLOYER CONTRIBUTIONS

    Revenue

    $597,131

    AUTOMOBILE MECHANICS L

    Revenue

    $176,590

    Organization Details

    Founding Year

    2010

    Principal Officer

    Mark Grasseschi

    Main Address

    2650 N FARNSWORTH AVE, AURORA, IL, 605029727

    NTEE Category

    Code: B30 - Education

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