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Nonprofiteer
← SHEET METAL 10 SAFE PLAN TR

Form 990 for tax year 2024

Filed by SHEET METAL 10 SAFE PLAN TR.

Totals

Total revenue
$6,229,131
Total expenses
$3,083,152
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,410,423
Investment income
$3,818,708
Other revenue
$0
Total assets, end of year
$22,870,942
Total liabilities, end of year
$19,064
Net assets or fund balances, end of year
$22,851,878
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 $2,410,423 · related or exempt $2,410,423

  • 3 · Investment income

    total $867,509 · excluded $867,509

  • 7a · Gross sales of assets other than inventory

    securities $12,519,618

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

    securities $9,568,419

  • 7c · Gain or loss

    securities $2,951,199

  • 7d · Net gain or loss

    total $2,951,199 · excluded $2,951,199

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,659,562

  • 11a · Fees: management

    total $324,282

  • 11b · Fees: legal

    total $6,519

  • 11c · Fees: accounting

    total $21,840

  • 11f · Fees: investment management

    total $23,977

  • 11g · Fees: other

    total $15,000

  • 13 · Office expenses

    total $662

  • 23 · Insurance

    total $16,351

  • 24a · Other expenses: MISCELLANEOUS

    total $14,959

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $652,151 · end of year $350,263

  • 2 · Savings and temporary cash investments

    beginning of year $817,504 · end of year $0

  • 4 · Accounts receivable

    beginning of year $206,423 · end of year $252,425

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,751 · end of year $2,751

  • 11 · Investments: publicly traded securities

    beginning of year $19,736,683 · end of year $22,265,503

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,878 · end of year $19,064

  • 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 $21,390,634 · end of year $22,851,878

Mission and programs · 2024

Mission

TO PROVIDE ELIGIBLE PARTICIPANTS WITH BENEFITS AS DESCRIBED IN THE PLAN'S DOCUMENT OF PLAN BENEFITS.

Activities or mission (Part I)

TO PROVIDE BENEFITS DURING FINANCIAL EMERGENCIES.

  • TO PROVIDE ELIGIBLE PARTICIPANTS WITH UNEMPLOYMENT, DISABILITY, SEVERANCE, BENEFICIARY AND SELF-PAY HEALTH BENEFITS AS DESCRIBED IN THE PLAN OF BENEFITS.

As filed on the 2024 return.

Listed in Part VII

  • Matt Fairbanks

    TRUSTEE- CHAIRMAN

    Total calculated
    $308,791
    From this org
    $0
    From related orgs
    $179,183
    Other
    $129,608
    Hours/week
    1 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,183 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $94,252 related
    Nontaxable benefits
    $0 + $35,356 related
    Filer's total
    $0 + $308,791 related
  • Jason Damman

    TRUSTEE

    Total calculated
    $262,110
    From this org
    $0
    From related orgs
    $151,392
    Other
    $110,718
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,392 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $80,414 related
    Nontaxable benefits
    $0 + $30,304 related
    Filer's total
    $0 + $262,110 related
  • Dave Holzer

    TRUSTEE

    Total calculated
    $241,293
    From this org
    $0
    From related orgs
    $137,294
    Other
    $103,999
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,294 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $101,515 related
    Nontaxable benefits
    $0 + $2,484 related
    Filer's total
    $0 + $241,293 related
  • Isaac Laudenbach

    TRUSTEE

    Total calculated
    $238,336
    From this org
    $0
    From related orgs
    $136,777
    Other
    $101,559
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,040 related
    Bonus
    $0
    Other
    $0 + $5,737 related
    Deferred
    $0 + $78,175 related
    Nontaxable benefits
    $0 + $23,384 related
    Filer's total
    $0 + $238,336 related
  • John Quarnstrom

    TRUSTEE- SECRETARY

    Total calculated
    $326,488
    From this org
    $0
    From related orgs
    $285,421
    Other
    $41,067
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,375 related
    Bonus
    $0
    Other
    $0 + $7,046 related
    Deferred
    $0 + $22,428 related
    Nontaxable benefits
    $0 + $18,639 related
    Filer's total
    $0 + $326,488 related
  • Patrick Welty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 42 related
  • Brian Gieseke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 42 related
  • Josh Steinmetz

    TRUSTEE- ALTERNATE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Casey Meinhardt

    TRUSTEE

    Total calculated
    $150,477
    From this org
    $0
    From related orgs
    $128,198
    Other
    $22,279
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,234 related
    Bonus
    $0 + $390 related
    Other
    $0 + $6,574 related
    Deferred
    $0 + $3,640 related
    Nontaxable benefits
    $0 + $18,639 related
    Filer's total
    $0 + $150,477 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
FOR MATT FAIRBANKS, JASON DAMMAN, DAVE HOLZER, AND ISAAC LAUDENBACH COMPENSATION IS DETERMINED BY THE INTERNATIONAL ASSOCIATION OF SHEET METAL, AIR, RAIL AND TRANSPORTATION WORKERS LOCAL UNION 10 COMPENSATION POLICY. FOR JOHN QUARNSTROM AND CASEY MEINDHARDT THE BOARD OF DIRECTORS OF SMARCA DETERMINES COMPENSATION ANNUALLY.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ADMIRAL RADON & MECHANICAL SERVICES LLC

  • ADVANCED DESIGN CONTRACTING LLC

  • AIRTECH THERMEX LLC

  • ARMOR MECHANICAL LLC

  • CBA WORKFORCE SOLUTIONS LLC

  • CUSTOM METAL INNOVATIONS LLC

  • DIVERSE CONSTRUCTION SERVICES LLC

  • DNS PLUMBING & HEATING LLC

  • DOWNTOWN MECHANICAL LLC

  • ERECTOR METALS LLC

  • EVER LLC DBA CLIMATE MAKERS

  • GENERAL SHEET METAL COMPANY LLC

  • GILBERT MECHANICAL CONTRACTORS LLC

  • GO FETSCH MECHANICAL LLC

  • KRAFT CONTRACTING LLC DBA KRAFT MECHANICAL LLC

  • MODERN HEATING & AIR CONDITIONING LLC

  • PIONEER MECHANICAL LLC

  • PIONEER POWER LLC

  • PREVENTIVE MECHANICAL SERVICES LLC

  • YALE MECHANICAL LLC

Related corporations and trusts

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

  • API INC

  • AER INC

  • AIR CONDITIONING ASSOCIATES

  • ALBERS MECHANICAL CONTRACTORS INC

  • ALDO INC

  • ALLAN MECHANICAL CORP

  • ALLAN MECHANICAL INC

  • API HVAC SERVICES INC

  • ARCHITECT MECHANICAL INC

  • ASSOCIATED MECHANICAL CONTRACTORS INC

  • ATOMIC ARCHITECTURAL SHEET METAL INC

  • BL DALSIN ROOFING

  • BAL-TECH INC

  • BASSETT INC

  • BERWALD ROOFING COMPANY INC

  • BINDER HEATING & AIR CONDITIONING INC

  • CENTRAIRE HEATING & AIR CONDITIONING

  • CENTRAL ROOFING COMPANY

  • CHAPPELL CENTRAL INC

  • COMET HEATING & AIR INC

  • COMMERCIAL KITCHEN SERVICES CORP

  • COMMERCIAL PLUMBING & HEATING

  • COMMERCIAL ROOFING AND SHEET METAL INC

  • COOL AIR MECHANICAL INC

  • CORPORATE MECHANICAL INC

  • CORVAL CONSTRUCTORS INC

  • CROWN CORR INC

  • CUSTOM STAINLESS STEEL INC

  • DAKOTA METAL FABRICATION INC

  • DIVISION V SHEET METAL INC

  • DMC PLUMBING & HEATING INC

  • EGAN COMPANIES INC DBA EGAN COMPANY

  • ELANDER MECHANICAL INC

  • ERICKSON PLUMBING HEATING COOLING INC

  • FAIRCON SERVICE COMPANY

  • FLYNN MIDWEST LP

  • GALAXY MECHANICAL INC

  • GREENMAN INC DBA GREENMAN HVAC

  • GTS HVAC INC

  • HARRIS ROCHESTER INC

  • HARRIS ST PAUL INC

  • HARTY MECHANICAL INC

  • HORWITZ INC DBA (HORWITZ NSI)

  • J F AHERN CO

  • JA BENNER LIMITED DBA SYSTEMS MANAGEMENT & BALANCING OF MINNESOTA

  • JAMAR COMPANY

  • JOHN A DALSIN & SON INC

  • KB SERVICE COMPANY

  • L & L SHEET METAL

  • LSV METALS INC

  • LAKE AREA ROOFING & CONSTRUCTION INC

  • LEGACY COMPANIES INC

  • LEGEND MECHANICAL

  • MG MCGRATH INC

  • MAJOR MECHANICAL LLC

  • MASTER MECHANICAL INC

  • MCDOWALL COMPANY

  • METROPOLITAN MECHANICAL CONTRACTORS INC (MMC)

  • MIDWEST KITCHEN SERVICE INC

  • MINT ROOFING INC

  • MJ O'CONNOR INC

  • MODERN

  • MUSKA ELECTRIC CO

  • NASSEFF MECHANICAL CONTRACTORS INC (NASSEFF PLUMBING & HEATING INC)

  • NELSON MECHANICAL INC

  • NORDIC SERVICES INC

  • NORTH COUNTRY INSTALLATION INC

  • NORTHERN AIR CORPORATION (DBA NAC MECHANICAL & ELECTRICAL)

  • NORTHLAND MECHANICAL CONTRACTORS INC

  • PALEN KIMBALL LLC

  • PALMER WEST CONSTRUCTION COMPANY INC

  • PETERSON SHEET METAL

  • PRAIRIE TECHNOLOGIES INC OF MN DBA HUMERATECH

  • PREMIER TEST & BALANCE INC

  • QCMF LLC DBA QUALITY SHEET METAL FABRICATORS

  • RAINVILLE-CARLSON INC

  • ROOF TECH INC

  • S R MECHANICAL INC

  • SAYLER HEATING AND AIR CONDITIONING INC

  • SCHADEGG MECHANICAL INC

  • SEASONAL CONTROL MECH DIV INC

  • SENTRA-SOTA SHEET METAL INC

  • SHEET METAL CONNECTORS INC

  • SHERIDAN SHEET METAL COMPANY

  • SKOGEN MECHANICAL

  • SPRIGGS MECHANICAL INC

  • ST CLOUD REFRIGERATION INC

  • TEST & BALANCE ASSOCIATES INC

  • TEST & BALANCE SOLUTIONS INC

  • THELEN HEATING & ROOFING INC

  • TOTAL AIR INC

  • TRUE MECHANICAL MN INC

  • TWEET-GAROT MECHANICAL INC

  • US MECHANICAL INC

  • VENT FAB INC

  • WEIDNER'S PLUMBING & HEATING

  • WENZEL HEATING & AIR CONDITIONING (FORCED AIR INC)

  • WINONA HEATING & VENTILATION COMPANY INC

Provenance

Return type
form_990
Tax year
2024
Filed
8 April 2026
IRS schema version
2024v5.5
Source object
202611109349301116

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