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← SHEET METAL WORKERS WELFARE FUND OF SOUTHEASTERN PENNSYLVANIA

Form 990 for tax year 2022

Filed by SHEET METAL WORKERS WELFARE FUND OF SOUTHEASTERN PENNSYLVANIA.

Totals

Total revenue
$52,871,369
Total expenses
$59,720,749
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$51,540,111
Investment income
$1,272,020
Other revenue
$59,238
Total assets, end of year
$41,139,920
Total liabilities, end of year
$622,800
Net assets or fund balances, end of year
$40,517,120
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $45,131,128 · related or exempt $45,131,128

  • 2b · Program service revenue: PARTICIPANT AND COBRA CONTRIBUTIO

    total $6,408,983 · related or exempt $6,408,983

  • 3 · Investment income

    total $1,429,338 · excluded $1,429,338

  • 7a · Gross sales of assets other than inventory

    securities $45,402,160

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

    securities $45,559,478

  • 7c · Gain or loss

    securities -$157,318

  • 7d · Net gain or loss

    total -$157,318 · related or exempt -$157,318

  • 11a · Other revenue: MISCELLANOUS INCOME

    total $58,963 · excluded $58,963

  • 11b · Other revenue: VACATION ADMIN FEE

    total $275 · related or exempt $275

  • 11e · Other revenue, total

    $59,238

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $57,852,893

  • 7 · Other salaries and wages

    total $545,407

  • 8 · Pension plan contributions

    total $246,530

  • 9 · Other employee benefits

    total $222,500

  • 10 · Payroll taxes

    total $41,806

  • 11b · Fees: legal

    total $70,468

  • 11c · Fees: accounting

    total $46,582

  • 11f · Fees: investment management

    total $224,308

  • 11g · Fees: other

    total $110,000

  • 13 · Office expenses

    total $84,364

  • 14 · Information technology

    total $98,485

  • 16 · Occupancy

    total $118,340

  • 17 · Travel

    total $7,019

  • 19 · Conferences, conventions and meetings

    total $3,374

  • 23 · Insurance

    total $9,254

  • 24a · Other expenses: DEPRECIATION EXPENSE AL

    total $21,142

  • 24b · Other expenses: REGULATORY FEES AND TAX

    total $18,277

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,015,012 · end of year $2,014,305

  • 2 · Savings and temporary cash investments

    beginning of year $4,536,060 · end of year $2,237,286

  • 4 · Accounts receivable

    beginning of year $6,441,726 · end of year $6,189,453

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,167 · end of year $5,567

  • 11 · Investments: publicly traded securities

    beginning of year $21,985,060 · end of year $19,417,537

  • 12 · Investments: other securities

    beginning of year $13,916,385 · end of year $10,192,772

  • 15 · Other assets

    beginning of year $756,000 · end of year $1,083,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $249,747 · end of year $356,089

  • 25 · Other liabilities

    beginning of year $795,901 · end of year $266,711

  • 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 $47,613,762 · end of year $40,517,120

Mission and programs · 2022

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ITS MEMBERS.

Activities or mission (Part I)

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ITS MEMBERS

  • TO PROVIDE HEALTH AND WELFARE BENEFITS TO ITS MEMBERS.

As filed on the 2022 return.

Listed in Part VII

  • Gary J Masino

    CO-CHAIR

    Total calculated
    $423,328
    From this org
    $0
    From related orgs
    $256,906
    Other
    $166,422
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,906 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $111,176 related
    Nontaxable benefits
    $0 + $55,246 related
    Filer's total
    $0 + $423,328 related
  • Roeland F Hoeke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Ernest J Menold

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Bryan Bush

    TRUSTEE

    Total calculated
    $338,491
    From this org
    $0
    From related orgs
    $196,151
    Other
    $142,340
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,151 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $92,619 related
    Nontaxable benefits
    $0 + $49,721 related
    Filer's total
    $0 + $338,491 related
  • Dennis O'Brien

    TRUSTEE (P)

    Total calculated
    $0
    Hours/week
    2
  • Gerard E Gontz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 40 related
  • Michael Ford

    TRUSTEE (P)

    Total calculated
    $284,765
    From this org
    $0
    From related orgs
    $159,684
    Other
    $125,081
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $159,684 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $80,884 related
    Nontaxable benefits
    $0 + $44,197 related
    Filer's total
    $0 + $284,765 related
  • Gina Onorato

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • William Dorward

    TRUSTEE

    Total calculated
    $282,960
    From this org
    $0
    From related orgs
    $158,124
    Other
    $124,836
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,124 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $80,639 related
    Nontaxable benefits
    $0 + $44,197 related
    Filer's total
    $0 + $282,960 related
  • Thomas J Klingenberg

    FUND ADMINISTRATOR

    Total calculated
    $358,924
    From this org
    $0
    From related orgs
    $210,313
    Other
    $148,611
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,313 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $103,007 related
    Nontaxable benefits
    $0 + $45,604 related
    Filer's total
    $0 + $358,924 related
  • Dennis Siravo

    ASST ADMINISTRATOR

    Total calculated
    $271,666
    From this org
    $0
    From related orgs
    $154,914
    Other
    $116,752
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,914 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $80,202 related
    Nontaxable benefits
    $0 + $36,550 related
    Filer's total
    $0 + $271,666 related
  • Christopher Downey

    CONTROLLER

    Total calculated
    $193,305
    From this org
    $0
    From related orgs
    $126,397
    Other
    $66,908
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,397 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,764 related
    Nontaxable benefits
    $0 + $36,144 related
    Filer's total
    $0 + $193,305 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF ADMININSTATOR PAID BY SHEET METAL WORKERS LOCAL UNION NO. 19 PENSION FUND, A RELATED PARTY AND ALLOCATED TO RELATED BENEFIT FUNDS.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • A A A SHEET METAL INC

  • A C GENTRY

  • A D S INC

  • A S L REFRIGERATION INC

  • ABCO SIGN CO

  • ACCU-FLOW BALANCING CO LLC

  • ADVANCED SHEET METAL

  • AELLA INDUSTRIES

  • AERDUX INCORPORATED

  • AES MECHANICAL

  • AIR CONCEPTS INC

  • AIR SYSTEMS INC

  • AIR TIGHT HEATING & COOLING

  • AIRSIDE SHEET METAL

  • ALLIED POWER SERVICES LLC

  • AMERICAN MECHANICAL & CONTR

  • ANDREW B DUFFY INC

  • ASC SHEET METAL LLC

  • AWOC

  • AXIS KITCHEN INSTALLATIONS

  • BALTRONIX INC

  • BLANSKI ENERGY MANAGEMENT

  • BONLAND INDUSTRIES

  • BURKE & COMPANY LLC

  • BURKHARDT MECHANICAL

  • C M C PLUMBING HEATING & A

  • C R MEYER AND SONS COMPANY

  • CADDX3 LLC

  • CAMDEN MECHANICAL

  • CAMDEN MECHANICAL LLC

  • CHRISTIANA MECHANICAL INC

  • CITY SIGN SERVICE

  • CLEAR CHANNEL OUTDOOR

  • CMS MECHANICAL CONTRACTING

  • COMMERCIAL AIR CONSTRUCTION

  • COMPASS SIGN CO

  • COMPREHENSIVE TESTBALANC

  • CONTROLLED ENVIRONMENTAL CE

  • CONTROLLED TEMPERATURE SYST

  • CROSS COUNTRY FOOD SER INS

  • CUSTOM FINISHERS INC

  • D J SMITH INDUSTRIAL INC

  • DA SIGNS & SERVICES

  • DAY & ZIMMERMAN

  • DELTABJDS INC

  • DIRECT AIR MECHANICAL

  • DOUBLE D SHEET METAL INC

  • DREAM MECHANICAL

  • DUCTZ

  • DWD MECHANICAL CONTRACTOR I

  • DYNAMIC BALANCING CO INC

  • E J DESETA CO INC (DE)

  • EASTERN AIR BALANCE CORP

  • EASTERN SIGN TECH LLC

  • ENERPLEX MECHANICAL

  • EPAY INC

  • ERNEST D MENOLD INC

  • FALASCA MECHANICAL

  • FILTAIREGENERAL AIRE CORP

  • FISHER BALANCING COMPANY

  • FLOOD & STERLING INC

  • G R SPONAUGLE & SONS

  • GBI INCTHERMAL PIPING

  • GENESIO COMPANY

  • GOYETTE MECHANICAL CO INC

  • H T LYONS

  • HAYS SHEET METAL COMPANY

  • HRANEC SHEET METAL INC

  • HUNTER MECHANICAL INC

  • HYGRADE INSULATORS INC

  • I D GRIFFITH INC (DE)

  • INDEPENDENT BALANCING

  • INTERNATIONAL TRAINING INST

  • INVISION SIGN LLC

  • J & M CUSTOM SHEET METAL LL

  • J & S FABRICATIONOLD

  • J D HOWELL SERVICES

  • JA RESTAURANTS INSTALLATION

  • JOSEPH OAT CORP

  • KAM SHEET METAL LLC

  • KF MECHANICAL

  • KLEIN ELECTRIC ADVERTISING

  • KOTTCAMP SHEET METAL INC

  • LEHIGH COUNTY AUTHORITY

  • LEHIGH S M ERECTING CO

  • LEIBOLD INC

  • LITTLE BITTS SERVICE INC

  • LOR-MAR MECHANICAL LLC

  • LUTHE SHEET METAL INC

  • M D ROOFING

  • MARCLINE SHEET METAL

  • MARLYN SHEET METAL INC

  • MARX NJ GROUP

  • MARX SHEET METAL

  • MASSARA METALS INC

  • MAXIMUM MECHANICAL

  • MCCLURE COMPANY

  • METAL ALLIANCE INC

  • MID-ATLANTIC MECHANICAL

  • MIDLAND ENGINEERING

  • MODERN CONTROLS

  • MRC SIGNS

  • N W INDUSTRIES

  • NATIONAL BALANCING CO

  • NORTHEAST MECHANICAL

  • NOVA SIGN GROUP

  • OPTIMUM PERFORMANCE BALANCI

  • ORELAND SHEET METAL INC

  • PHILADELPHIA SIGN COMPANY

  • PRECISION AIR DESIGNS LLC

  • PREFERRED PLUMBING & HTG

  • PREMIER ARCHITECTURAL S M L

  • PRIME SHEET METAL INC

  • PROGRESSIVE S M CO K&Z

  • RADICK CORPORATION

  • REAM ROOFING ASSOCIATES

  • RELIANT COMMERCIAL KITCHEN

  • RESTAURANT VENT DESIGN

  • RLM MECHANICAL LLC

  • ROBERT G GANTER JR CONT

  • RODNEY B SMITH PLUMBINGHEA

  • ROYAL PAK SYSTEMS INC

  • RW LAPINE MECHANICAL CONTRA

  • SANKS MECHANICAL

  • SCANLON ASSOCIATES

  • SKETCHING SOLUTIONS LLC

  • SOUTH JERSEY METAL INC

  • SOUTH JERSEY SIGN & CONSTR

  • SOUTHERN COMFORT MECHANICAL

  • SOUTHLAND IND MECHANICAL

  • SPECIALTY FABRICATORS INC

  • SSM INDUSTRIES INC

  • STS SHEET METAL

  • SUN MECHANICAL SYSTEMS

  • TAB SYSTEMS INC

  • TABWORKS INC

  • TCS HEATING & AC

  • THERMODESIGN CORP

  • THOMAS CO INC

  • TOTAL COMFORT GROUP

  • URBAN SIGN & CRANE INC

  • V & G CLIMATE SERVICES INC

  • W F SMITH

  • WARKO ROOFING COMPANY INC

  • WEATHERVANE SERVICE INC

  • WM J DONOVAN CO

  • YANNUZZI INC

  • YORK MAHONING

  • ZELLA INDUSTRIES LLC

Provenance

Return type
form_990
Tax year
2022
Filed
13 February 2024
IRS schema version
2022v5.0
Source object
202400449349300025

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