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H&Gl Set Fund

EIN 22-6171671 · Newark, NJ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO DEFRAY THE COSTS APPERTAINING TO VOCATIONAL AND ADVANCEMENT TRAINING, GENERAL AND SPECIFIC EDUCATION, IMPROVING AND INSURING SAFETY HABITS AND CONDITIONS, AND TO DEVISE AND IMPLEMENT SUCH PROCEDURES AND PROGRAMS NECESSARY OR FAVORABLE TO FULFILL THE FOREGOING OBJECTIVES.

Income
$10.0 million
Spending
$7.5 million
Spent on programs
83%
Reserves
58.9 months of spending
Largest source of income
fees for its services, 87%
Employees
21
Volunteers
10
Highest pay
$354,567, general manager

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 58.9 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 25% of income.

  • Income trend

    15 of 15

    Income rose 13% on the year before.

  • Spending floor

    15 of 15

    83% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100.

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $6.1 million spent. THE FUND PROVIDES JOURNEYMAN TRAINING AND APPRENTICE TRAINING CLASSES FOR THE PURPOSE OF VOCATIONAL AND ADVANCEMENT TRAINING, GENERAL AND SPECIFIC EDUCATION, AND IMPROVING SAFETY HABITS AND CONDITIONS ON BEHALF OF THE 7,670 PARTICIPANTS AS OF MARCH 31,2025 AND ALSO TO PARTICIPANTS OF ANOTHER TRAINING FUND. THE PLAN IS REIMBURSED BY THE OTHER TRAINING FUND FOR THE COSTS OF THE CLASSES PROVIDED. THE PROGRAM PROVIDES CLASSROOM INSTRUCTION IN ALL ASPECTS OF HEAVY AND HIGHWAY CONSTRUCTION. TRAINING COURSES ARE OFFERED ON A WIDE RANGE OF TOPICS AND INCLUDE SAFETY, ENVIRONMENTAL, HAZARDOUS WASTE WORKER, AND CONSTRUCTION SKILLS TRAINING AND PROVIDES TRAINING TO PREPARE WORKERS FOR PREVENTION AND RESPONSE TO FUTURE TERRORIST INCIDENTS AND RESPONSE TO NATURAL DISASTERS. THE PLAN CONDUCTS TRAINING IN TRENCH AND EXCAVATION SAFETY.
  2. $79,221 spent. THE PLAN MAINTAINS A SCHOLARSHIP PROGRAM, AWARDING FOUR SCHOLARSHIPS PER YEAR TO CHILDREN OF PARTICIPANTS FOR UTILIZATION TOWARDS TUITION FEES AND OTHER RELATED COURSE EXPENSES. THE PROGRAM PROVIDES $5,000 ANNUALLY FOR FOUR YEARS TO THOSE SELECTED BY THE SCHOLARSHIP SELECTION COMMITTEE.THE BOARD OF TRUSTEES AGREED ON OCTOBER 26,2015 TO INCREASE THE YEARLY SCHOLARSHIP AWARD TO $5,000 ANNUALLY WITH A 4 YEAR MAXIMUM OF $20,000.

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending March 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 1973.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.