Skip to content
Nonprofiteer
← WALTER M MATTHEWS & JOHN M SHEEHAN METAL LATHERS LOC 46 SCHLRSHP FUND

Form 990 for tax year 2022

Filed by WALTER M MATTHEWS & JOHN M SHEEHAN METAL LATHERS LOC 46 SCHLRSHP FUND.

Totals

Total revenue
$426,657
Total expenses
$417,905
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$426,762
Investment income
-$105
Other revenue
$0
Total assets, end of year
$1,664,552
Total liabilities, end of year
$9,495
Net assets or fund balances, end of year
$1,655,057
Program services expenses (Part IX)
$371,850
Management and general expenses
$46,055
Fundraising expenses
$0
Program service expenses (Part III)
$371,850

Program services were 89.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $426,762 · related or exempt $426,762

  • 7a · Gross sales of assets other than inventory

    securities $1,261

  • 7b · Less cost or other basis and sales expenses

    securities $1,366

  • 7c · Gain or loss

    securities -$105

  • 7d · Net gain or loss

    total -$105 · excluded -$105

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $371,850 · program services $371,850

  • 7 · Other salaries and wages

    total $5,306 · management and general $5,306

  • 8 · Pension plan contributions

    total $3,117 · management and general $3,117

  • 9 · Other employee benefits

    total $989 · management and general $989

  • 10 · Payroll taxes

    total $742 · management and general $742

  • 11b · Fees: legal

    total $2,584 · management and general $2,584

  • 11c · Fees: accounting

    total $17,061 · management and general $17,061

  • 11f · Fees: investment management

    total $5,011 · management and general $5,011

  • 13 · Office expenses

    total $6,143 · management and general $6,143

  • 14 · Information technology

    total $2,045 · management and general $2,045

  • 16 · Occupancy

    total $853 · management and general $853

  • 22 · Depreciation, depletion and amortization

    total $265 · management and general $265

  • 23 · Insurance

    total $1,939 · management and general $1,939

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $260,243 · end of year $152,739

  • 4 · Accounts receivable

    beginning of year $39,784 · end of year $41,139

  • 10a · Land, buildings and equipment: cost or other basis

    $3,760

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,944

  • 10c · Land, buildings and equipment, net

    beginning of year $2,081 · end of year $1,816

  • 12 · Investments: other securities

    beginning of year $1,648,038 · end of year $1,396,767

  • 15 · Other assets

    beginning of year $0 · end of year $72,091

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,936 · end of year $9,495

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,896,210 · end of year $1,655,057

Mission and programs · 2022

Mission

PROVIDE SCHOLARSHIPS FOR DEPENDENTS OF METAL LATHERS LOCAL 46 MEMBERS.

  • SCHOLARSHIPS WERE MADE AVAILABLE TO DEPENDENTS OF PARTICIPANTS IN ORDER TO ENABLE THEM TO AFFORD HIGHER EDUCATIONS.

    Expenses $371,850 · Revenue $426,762

As filed on the 2022 return.

Listed in Part VII

  • Michael Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Coffey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Clausman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Fernandez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Salgo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin O'Brien

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joe Mitrione

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • METAL LATHERS UNION LOCAL 46 ANNUITY FD

    401(A) · ANNUITY FUND · NY

  • METAL LATHERS UNION LOCAL 46 TRUST FD

    501(C)(3) · WELFARE FUND · NY

  • METAL LATHERS UNION L 46 APPRENTICESHIP

    501(C)(3) · APPRENTICESHIP FUND · NY

  • METAL LATHERS UNION LOCAL 46 PENSION FD

    401(A) · PENSION FUND · NY

  • METAL LATHERS LOCAL 46 LABOR MANAGEMENT

    501(C)(5) · LABOR MANAGEMENT · NY

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202313199349326036

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.