Electrical Joint Apprenticeship & Training Fund Local 388
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Electrical Joint Apprenticeship & Training Fund Local 388 is a 501(c)(9) organization based in Madison, Wisconsin, registered in 1979, with $231,239 in FY2024 revenue. CharityIndex grades it C+.
2730 Dairy Dr Ste 102, Madison, WI, 53718 EIN 39-6259511 Since 1979
Revenue (FY2024)
$231K
▲ 9.6% vs prior year
Expenses (FY2024)
$152K
Net assets
$481K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Electrical Joint Apprenticeship & Training Fund Local 388— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating38 mo reserves · +34% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Electrical Joint Apprenticeship & Training Fund Local 388: 38 mo reserves · +34% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Electrical Joint Apprenticeship & Training Fund Local 388— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Electrical Joint Apprenticeship & Training Fund Local 388: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $53K (FY2010) to $231K (FY2024) across 14 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $481K
Operating margin
34.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$481K
Total liabilities
$0
Net assets
$481K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $231,239▲9.6% | $151,565▼9.9% | $481,026▲19.9% | $481,026▲19.9% | 990 |
| 2023 | $211,057▲0.8% | $168,133▼3.1% | $401,352▲12.0% | $401,352▲12.0% | 990 |
| 2022 | $209,462▲11.8% | $173,494▲0.1% | $358,428▲11.2% | $358,428▲11.2% | 990 |
| 2021 | $187,389▲18.2% | $173,337▲42.0% | $322,460▲4.6% | $322,460▲4.6% | 990EZ |
| 2020 | $158,576▲1.5% | $122,111▼10.5% | $308,408▲13.4% | $308,408▲13.4% | 990EZ |
| 2019 | $156,159▲18.2% | $136,398▲31.7% | $271,943▲7.8% | $271,943▲7.8% | 990EZ |
| 2018 | $132,100▲25.4% | $103,586▲10.5% | $252,182▲12.7% | $252,182▲12.7% | 990EZ |
| 2017 | $105,383▲3.7% | $93,730▲22.2% | $223,668▲5.5% | $223,668▲5.5% | 990EZ |
| 2016 | $101,607▼10.8% | $76,671▼14.5% | $212,015▲13.3% | $212,015▲13.3% | 990EZ |
| 2015 | $113,918▲53.8% | $89,698▲52.7% | $187,079▲14.9% | $187,079▲14.9% | 990EZ |
| 2014 | $74,078▲18.8% | $58,740▼30.6% | $162,859▲10.4% | $162,859▲10.4% | 990EZ |
| 2013 | $62,381▼5.1% | $84,661▲45.8% | $147,521▼12.9% | $147,521▼12.9% | 990EZ |
| 2011 | $65,703▲23.2% | $58,063▲27.4% | $169,273▲4.7% | $169,273▲4.7% | 990EZ |
| 2010 | $53,330 | $45,592 | $161,633 | $161,633 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Electrical Joint Apprenticeship & Training Fund Local 388 a legitimate nonprofit?
- Yes. Electrical Joint Apprenticeship & Training Fund Local 388 is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 39-6259511, based in Madison, Wisconsin.
- What is Electrical Joint Apprenticeship & Training Fund Local 388's EIN?
- Electrical Joint Apprenticeship & Training Fund Local 388's Employer Identification Number (EIN) is 39-6259511.
- How much revenue does Electrical Joint Apprenticeship & Training Fund Local 388 report?
- Electrical Joint Apprenticeship & Training Fund Local 388 reported $231,239 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Electrical Joint Apprenticeship & Training Fund Local 388 have?
- CharityIndex grades Electrical Joint Apprenticeship & Training Fund Local 388 C+, based on financial health (reserves and operating margin).
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Data for Electrical Joint Apprenticeship & Training Fund Local 388 (EIN 39-6259511) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.