Form 990 for tax year 2023
Filed by UTAH SHEET METAL EDUCATION AND TRAINING TRUST.
Totals
- Total revenue
- $940,525
- Total expenses
- $972,035
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $896,809
- Investment income
- $43,655
- Other revenue
- $61
- Total assets, end of year
- $2,310,479
- Total liabilities, end of year
- -$7,425
- Net assets or fund balances, end of year
- $2,317,904
- Program services expenses (Part IX)
- $820,279
- Management and general expenses
- $151,756
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $820,279
Program services were 84.4% 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 $627,084 · related or exempt $627,084
-
2b · Program service revenue: REIMB FOR HRS OF TRAINING
total $222,120 · related or exempt $222,120
-
2c · Program service revenue: OTHER REIMBURSEMENTS
total $40,447 · related or exempt $40,447
-
2d · Program service revenue: TOOLS
total $7,158 · related or exempt $7,158
-
3 · Investment income
total $43,655 · excluded $43,655
-
11a · Other revenue: CREDITS
total $61 · related or exempt $61
-
11e · Other revenue, total
$61
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $435,589 · program services $348,471 · management and general $87,118
-
8 · Pension plan contributions
total $62,561 · program services $50,049 · management and general $12,512
-
9 · Other employee benefits
total $62,944 · program services $50,355 · management and general $12,589
-
10 · Payroll taxes
total $35,062 · program services $28,050 · management and general $7,012
-
11a · Fees: management
total $345 · management and general $345
-
11c · Fees: accounting
total $2,536 · program services $2,282 · management and general $254
-
11f · Fees: investment management
total $5,182 · program services $4,664 · management and general $518
-
13 · Office expenses
total $16,006 · program services $9,604 · management and general $6,402
-
16 · Occupancy
total $41,482 · program services $37,334 · management and general $4,148
-
22 · Depreciation, depletion and amortization
total $62,260 · program services $56,034 · management and general $6,226
-
23 · Insurance
total $28,687 · program services $22,236 · management and general $6,451
-
24a · Other expenses: SCHOOL EXPENSES
total $138,573 · program services $138,573
-
24b · Other expenses: BUILDING MAINTENANCE
total $38,259 · program services $34,433 · management and general $3,826
-
24c · Other expenses: SHOP EXPENSES
total $34,150 · program services $34,150
-
24d · Other expenses: AUTO EXPENSES
total $4,541 · program services $2,271 · management and general $2,270
-
24e · All other expenses
total $3,858 · program services $1,773 · management and general $2,085
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,177,574 · end of year $1,194,270
-
10a · Land, buildings and equipment: cost or other basis
$1,975,323
-
10b · Land, buildings and equipment: accumulated depreciation
$859,114
-
10c · Land, buildings and equipment, net
beginning of year $1,148,631 · end of year $1,116,209
-
17 · Accounts payable and accrued expenses
beginning of year -$1,513 · end of year -$7,425
-
27 · Net assets without donor restrictions
beginning of year $2,327,718 · end of year $2,317,904
Mission and programs · 2023
Mission
UTAH SHEET METAL EDUCATION AND TRAINING TRUST IS A COLLECTIVELY BARGAINED JOINTLY ADMINISTERED APPRENTICESHIP PROGRAM.
Activities or mission (Part I)
THIS IS A COLLECTIVELY BARGAINED JOINTLY ADMINISTERED APPRENTICESHIP PROGRAM.
-
THE APPRENTICESHIP PROGRAM IS A COLLECTIVELY BARGAINED JOINTLY ADMINISTERED SCHOOL WHICH TEACHES THE SHEET METAL INDUSTRY TRADE SKILLS. ALL REVENUE IS USED TO ADVANCE STUDENTS TO BECOME JOURNEYMAN SHEET METAL GRADUATES.
Expenses $820,279 · Revenue $896,809
As filed on the 2023 return.
Listed in Part VII
-
KEVIN JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TONY ERICKSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BRUCE MONTRONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CODY LEAMASTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BEN ANDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BEAU JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MATT BRUMBAUGH
FULL-TIME IN
- Total calculated
- $105,391
- From this org
- $105,391
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
DEREK CHAPMAN
FULL-TIME IN
- Total calculated
- $105,812
- From this org
- $105,812
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
GORDON HYDE
COORDINATOR
- Total calculated
- $108,805
- From this org
- $108,805
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 July 2024
- IRS schema version
- 2023v5.0
- Source object
- 202432509349301403
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