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Nonprofiteer
← COLORADO SHEET METAL WORKERS TRAINING FUND

Form 990 for tax year 2022

Filed by COLORADO SHEET METAL WORKERS TRAINING FUND.

Totals

Total revenue
$3,517,400
Total expenses
$2,901,361
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,495,257
Investment income
$14,634
Other revenue
$7,509
Total assets, end of year
$4,178,805
Total liabilities, end of year
$197,866
Net assets or fund balances, end of year
$3,980,939
Program services expenses (Part IX)
$2,227,716
Management and general expenses
$673,645
Fundraising expenses
$0
Program service expenses (Part III)
$2,227,716

Program services were 76.8% 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: CONTRACTOR CONTRIBUTIO

    total $2,162,471 · related or exempt $2,162,471

  • 2b · Program service revenue: APPRENTICE WAGE REIMBU

    total $788,218 · related or exempt $788,218

  • 2c · Program service revenue: TRAINING PROGRAM REIMB

    total $317,613 · related or exempt $317,613

  • 2d · Program service revenue: EMILY GRIFFITH PROGRAM

    total $226,955 · related or exempt $226,955

  • 3 · Investment income

    total $14,634 · excluded $14,634

  • 11a · Other revenue: MISC INCOME

    total $7,509 · excluded $7,509

  • 11e · Other revenue, total

    $7,509

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $321,957 · program services $178,791 · management and general $143,166

  • 7 · Other salaries and wages

    total $747,504 · program services $580,859 · management and general $166,645

  • 8 · Pension plan contributions

    total $176,690 · program services $139,503 · management and general $37,187

  • 9 · Other employee benefits

    total $158,292 · program services $111,334 · management and general $46,958

  • 10 · Payroll taxes

    total $77,059 · program services $56,144 · management and general $20,915

  • 11b · Fees: legal

    total $15,220 · management and general $15,220

  • 11c · Fees: accounting

    total $19,161 · management and general $19,161

  • 11f · Fees: investment management

    total $5,000 · management and general $5,000

  • 11g · Fees: other

    total $775 · management and general $775

  • 12 · Advertising and promotion

    total $20,094 · program services $20,094

  • 13 · Office expenses

    total $97,488 · management and general $97,488

  • 16 · Occupancy

    total $2,440 · management and general $2,440

  • 17 · Travel

    total $21,849 · management and general $21,849

  • 19 · Conferences, conventions and meetings

    total $10,675 · program services $6,201 · management and general $4,474

  • 20 · Interest

    total $82 · management and general $82

  • 22 · Depreciation, depletion and amortization

    total $46,894 · management and general $46,894

  • 23 · Insurance

    total $42,460 · management and general $42,460

  • 24a · Other expenses: CONTRACTOR WAGE REIMBUR

    total $678,853 · program services $678,853

  • 24b · Other expenses: EMILY GRIFFITH REIMBURS

    total $240,220 · program services $240,220

  • 24c · Other expenses: APPRENTICE TRAINING AND

    total $115,398 · program services $115,398

  • 24d · Other expenses: WESTERN STATE COLLEGE E

    total $96,250 · program services $96,250

  • 24e · All other expenses

    total $7,000 · program services $4,069 · management and general $2,931

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300 · end of year $141,699

  • 2 · Savings and temporary cash investments

    beginning of year $202,004

  • 4 · Accounts receivable

    beginning of year $394,755 · end of year $450,842

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,347 · end of year $6,612

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

    $703,389

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

    $536,820

  • 10c · Land, buildings and equipment, net

    beginning of year $128,724 · end of year $166,569

  • 11 · Investments: publicly traded securities

    beginning of year $487,755 · end of year $513,892

  • 15 · Other assets

    beginning of year $2,362,439 · end of year $2,899,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $222,134 · end of year $197,866

  • 25 · Other liabilities

    beginning of year $25,793 · end of year $0

  • 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 $3,353,397 · end of year $3,980,939

Mission and programs · 2022

Mission

SHEET METAL WORKER APPRENTICESHIP FUND

Activities or mission (Part I)

LABOR ORGANIZATION'S TRAINING FUND

  • TO PROVIDE AND MAINTAIN TRAINING AND RETRAINING PROGRAMS FOR WORKERS IN THE SHEET METAL INDUSTRY AND TO DEVELOP AND DISTRIBUTE TRAINING MATERIAL. MORE SPECIFICALLY, TO DEVELOP A COMPREHENSIVE TRAINING PROGRAM FOR PARTICIPANTS AND THROUGH TRAINING, THE FUND WILL UPGRADE THE GENERAL QUALITY OF WORKMANSHIP IN THE SHEET METAL INDUSTRY IN THE STATE OF COLORADO.

    Expenses $2,227,716 · Revenue $3,495,257

As filed on the 2022 return.

Listed in Part VII

  • Nathan Cooper

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Randy Mitchell

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Ernie Tricarico

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Mike Parker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Ross Singleton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Felix Silva

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Will Callahan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jon Alvino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Reed Ausmus

    TRUSTEE

    Total calculated
    $4,400
    From this org
    $4,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5 + 0.5 related

  • Lon Comstock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Bill Benavidez

    TRAINING DIRECTOR

    Total calculated
    $146,752
    From this org
    $101,099
    From related orgs
    $0
    Other
    $45,653
    Hours/week
    40 + 0.5 related

  • Andrew Gilliland

    TRAINING COORDINATOR

    Total calculated
    $154,012
    From this org
    $101,099
    From related orgs
    $0
    Other
    $52,913
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $100,321
    Bonus
    $0
    Other
    $778
    Deferred
    $30,689
    Nontaxable benefits
    $22,224
    Filer's total
    $154,012

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202420459349302417

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