Form 990 for tax year 2023
Filed by CENTRAL IOWA SHEET METAL TRAINING FUND.
Totals
- Total revenue
- $764,385
- Total expenses
- $493,305
- Contributions and grants received
- $113,083
- Grants paid
- $0
- Program service revenue
- $613,235
- Investment income
- $16,467
- Other revenue
- $21,600
- Total assets, end of year
- $2,059,048
- Total liabilities, end of year
- $767
- Net assets or fund balances, end of year
- $2,058,281
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
1e · Government grants (contributions)
$47,272
-
1f · All other contributions, gifts and grants
$65,811
-
1g · Noncash contributions included above
$6,395
-
2a · Program service revenue: EMPLOYER CONTRIBUTIONS
total $605,682 · related or exempt $605,682
-
2b · Program service revenue: CONTRIBS - SCHOLARSHIP FUND
total $7,553 · related or exempt $7,553
-
3 · Investment income
total $16,467 · excluded $16,467
-
6a · Gross rents
real property $21,600
-
6c · Rental income or loss
real property $21,600
-
6d · Net rental income or loss
total $21,600 · excluded $21,600
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $158,915
-
7 · Other salaries and wages
total $115,755
-
10 · Payroll taxes
total $17,650
-
11c · Fees: accounting
total $9,583
-
11g · Fees: other
total $4,031
-
12 · Advertising and promotion
total $6,338
-
13 · Office expenses
total $796
-
16 · Occupancy
total $38,047
-
17 · Travel
total $1,420
-
19 · Conferences, conventions and meetings
total $6,854
-
22 · Depreciation, depletion and amortization
total $66,289
-
23 · Insurance
total $24,688
-
24a · Other expenses: EDUCATIONAL EXPENSES
total $24,176
-
24b · Other expenses: ADMIN EXPENSE
total $11,013
-
24c · Other expenses: SCHOLARSHIPS PAID
total $7,350
-
24d · Other expenses: DUES-COOR. GROUP/CERT. RE
total $400
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $389,975
-
2 · Savings and temporary cash investments
beginning of year $509,248 · end of year $1,108,819
-
10a · Land, buildings and equipment: cost or other basis
$1,959,039
-
10b · Land, buildings and equipment: accumulated depreciation
$1,008,810
-
10c · Land, buildings and equipment, net
beginning of year $894,940 · end of year $950,229
-
17 · Accounts payable and accrued expenses
beginning of year $6,962 · end of year $767
-
27 · Net assets without donor restrictions
beginning of year $1,787,201 · end of year $2,058,281
Mission and programs · 2023
Mission
TRAINING AND EDUCATION OF EMPLOYER MEMBERS OF THE CENTRAL IOWA CHAPTER OF THE IOWA ASSOCIATION OF SHEET METAL CONTRACTORS. IT IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN.
-
TRAINING AND EDUCATION OF EMPLOYER MEMBERS OF THE CENTRAL IOWA CHAPTER OF THE IOWA ASSOCIATION OF SHEET METAL CONTRACTORS. IT IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN.
As filed on the 2023 return.
Listed in Part VII
-
Larry FerrissLARRY FERRISS
TRAINING DIR
- Total calculated
- $157,719
- From this org
- $103,457
- From related orgs
- $0
- Other
- $54,262
- Hours/week
- 42
Schedule J breakdown matched by us
- Base
- $103,457
- Bonus
- not reported
- Other
- not reported
- Deferred
- $30,586
- Nontaxable benefits
- $23,676
- Filer's total
- $157,719
-
Andy BredesonANDY BREDESON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brandon DuffBRANDON DUFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mitch GolayMITCH GOLAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dan HamptonDAN HAMPTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jon QuijanoJON QUIJANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tom WengertTOM WENGERT
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. 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 · Written employment contract
- 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
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.
-
CENTRAL IA SMW SUPP RETIRE 401K
401 · DC PENSION · IA
-
501C9 · HW PLAN · IA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443119349303914
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