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← SHEET METAL INDUSTRY PROMOTION FUND OF NEW YORK CITY

Form 990 for tax year 2022

Filed by SHEET METAL INDUSTRY PROMOTION FUND OF NEW YORK CITY.

Totals

Total revenue
$1,385,938
Total expenses
$1,530,333
Contributions and grants received
$0
Grants paid
$765,779
Program service revenue
$1,335,261
Investment income
$24,886
Other revenue
$25,791
Total assets, end of year
$3,644,452
Total liabilities, end of year
$1,195,293
Net assets or fund balances, end of year
$2,449,159
Program services expenses (Part IX)
$1,429,470
Management and general expenses
$89,465
Fundraising expenses
$11,398
Program service expenses (Part III)
$1,429,470

Program services were 93.4% 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: CONTRACTUAL EMPLOYER C

    total $1,224,469 · related or exempt $1,224,469

  • 2b · Program service revenue: RENTAL REIMBURSEMENT

    total $110,792 · related or exempt $110,792

  • 3 · Investment income

    total $24,886 · excluded $24,886

  • 8a · Fundraising events: gross income

    $89,570

  • 8b · Fundraising events: direct expenses

    $63,779

  • 8c · Net income from fundraising events

    total $25,791 · excluded $25,791

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $765,779 · program services $765,779

  • 7 · Other salaries and wages

    total $201,304 · program services $171,109 · management and general $20,130 · fundraising $10,065

  • 8 · Pension plan contributions

    total $21,665 · program services $18,415 · management and general $2,167 · fundraising $1,083

  • 9 · Other employee benefits

    total $5,004 · program services $4,254 · management and general $500 · fundraising $250

  • 11b · Fees: legal

    total $185,000 · program services $166,500 · management and general $18,500

  • 11c · Fees: accounting

    total $20,400 · management and general $20,400

  • 13 · Office expenses

    total $33,665 · program services $30,298 · management and general $3,367

  • 16 · Occupancy

    total $219,258 · program services $197,332 · management and general $21,926

  • 22 · Depreciation, depletion and amortization

    total $5,442 · program services $4,898 · management and general $544

  • 23 · Insurance

    total $4,109 · program services $3,698 · management and general $411

  • 24a · Other expenses: GIFTS, DONATION AND DIN

    total $24,099 · program services $24,099

  • 24b · Other expenses: TRAINING AND SEMINARS

    total $17,413 · program services $17,413

  • 24c · Other expenses: SCHOLARSHIPS

    total $12,000 · program services $12,000

  • 24d · Other expenses: TELEPHONE

    total $6,527 · program services $5,874 · management and general $653

  • 24e · All other expenses

    total $8,668 · program services $7,801 · management and general $867

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,414,538 · end of year $2,294,911

  • 4 · Accounts receivable

    beginning of year $138,321 · end of year $141,659

  • 7 · Other notes and loans receivable

    beginning of year -$16,327

  • 9 · Prepaid expenses and deferred charges

    end of year $102,852

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

    $123,838

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

    $106,186

  • 10c · Land, buildings and equipment, net

    beginning of year $12,344 · end of year $17,652

  • 15 · Other assets

    beginning of year $45,495 · end of year $1,087,378

  • 17 · Accounts payable and accrued expenses

    beginning of year $817 · end of year $7,706

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,187,587

  • 27 · Net assets without donor restrictions

    beginning of year $2,593,554 · end of year $2,449,159

Mission and programs · 2022

Mission

COLLECTS INDUSTRY EMPLOYERS CONTRIBUTIONS WHICH PROVIDES THE FUNDING FOR THE DISSEMINATION OF INDUSTRY, EDUCATIONAL PROGRAMS, PUBLIC RELATIONS AND TRAINING.

  • SHEET METAL & AIR CONDITIONING NATIONAL ASSOCIATION IFUS DUES

    Expenses $470,000

  • SHEET METAL & AIR CONDITIONING CONTRACTORS ASSOCIATION OF NYC PROGRAM REIMBURSEMENT

    Expenses $245,779

  • LABOR MANAGMENT COMMITTEE GRANT

    Expenses $50,000

  • OCCUPANCY AND OTHER

    Expenses $249,901

  • STAFF

    Expenses $193,778

  • PROFESSIONAL FEES

    Expenses $166,500

  • PROGRAMS

    Expenses $53,512

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James McKay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Paul Berti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • John Callaghan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Kristy Florio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Mark Papadimitriou

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Lisa Weickert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Elizabeth Castillo

    MANAGER

    Total calculated
    $153,081
    From this org
    $148,077
    From related orgs
    $0
    Other
    $5,004
    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.

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

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

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 November 2023
IRS schema version
2022v5.0
Source object
202303189349311735

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