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← INTERNATIONAL ASSOCIATION OF SHEET METAL AIR RAIL & TRANSPORTATION

Form 990 for tax year 2024

Filed by INTERNATIONAL ASSOCIATION OF SHEET METAL AIR RAIL & TRANSPORTATION.

Totals

Total revenue
$10,177,072
Total expenses
$10,775,496
Contributions and grants received
$0
Grants paid
$18,149
Program service revenue
$9,633,104
Investment income
$482,620
Other revenue
$61,348
Total assets, end of year
$16,235,935
Total liabilities, end of year
$2,851
Net assets or fund balances, end of year
$16,233,084
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.

  • 2a · Program service revenue: DUES

    total $9,394,514 · related or exempt $9,394,514

  • 2b · Program service revenue: INITIATION FEES

    total $121,544 · related or exempt $121,544

  • 2c · Program service revenue: SUBSIDY FROM INT'L ASS'N

    total $117,043 · related or exempt $117,043

  • 2d · Program service revenue: WITHDRAWAL CARDS

    total $3 · related or exempt $3

  • 3 · Investment income

    total $449,729 · excluded $449,729

  • 7a · Gross sales of assets other than inventory

    securities $16,264,426 · other assets $274,032

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

    securities $16,245,372 · other assets $260,197

  • 7c · Gain or loss

    securities $19,054 · other assets $13,835

  • 7d · Net gain or loss

    total $32,891 · related or exempt $32,891

  • 11a · Other revenue: GOLF AND PICNIC DONATIONS

    total $30,225 · excluded $30,225

  • 11b · Other revenue: REFUND/REIMB - AUTO USE

    total $13,540 · excluded $13,540

  • 11c · Other revenue: REFUND/REIMB - OTHER

    total $10,158 · excluded $10,158

  • 11d · All other revenue

    total $7,425 · excluded $7,425

  • 11e · Other revenue, total

    $61,348

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,149

  • 4 · Benefits paid to or for members

    total $113,000

  • 5 · Compensation of officers, directors and key employees

    total $607,883

  • 7 · Other salaries and wages

    total $1,812,205

  • 8 · Pension plan contributions

    total $817,854

  • 9 · Other employee benefits

    total $446,207

  • 10 · Payroll taxes

    total $170,958

  • 11b · Fees: legal

    total $55,706

  • 11c · Fees: accounting

    total $24,150

  • 11g · Fees: other

    total $13,775

  • 12 · Advertising and promotion

    total $304,461

  • 13 · Office expenses

    total $179,111

  • 16 · Occupancy

    total $119,160

  • 17 · Travel

    total $80,641

  • 19 · Conferences, conventions and meetings

    total $131,614

  • 21 · Payments to affiliates

    total $2,382,530

  • 22 · Depreciation, depletion and amortization

    total $141,527

  • 23 · Insurance

    total $88,999

  • 24a · Other expenses: TRANSFER TO ASSOCIATION

    total $2,003,978

  • 24b · Other expenses: MKT RECOVERY TARGETING

    total $956,769

  • 24c · Other expenses: TRANSFER TO PAC

    total $186,779

  • 24d · Other expenses: ORGANIZING

    total $99,633

  • 24e · All other expenses

    total $20,407

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $466,039 · end of year $499,936

  • 2 · Savings and temporary cash investments

    beginning of year $934,556 · end of year $3,924,820

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

    $785,796

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

    $161,966

  • 10c · Land, buildings and equipment, net

    beginning of year $353,078 · end of year $623,830

  • 11 · Investments: publicly traded securities

    beginning of year $11,461,037 · end of year $7,857,046

  • 12 · Investments: other securities

    beginning of year $209,071 · end of year $209,071

  • 15 · Other assets

    beginning of year $1,225,991 · end of year $3,121,232

  • 25 · Other liabilities

    beginning of year $14,574 · end of year $2,851

  • 27 · Net assets without donor restrictions

    beginning of year $14,635,198 · end of year $16,233,084

Mission and programs · 2024

Mission

TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.

Activities or mission (Part I)

LABOR UNION

  • TO FULLY DEVELOP AND DEMONSTRATE THE POSSIBILITIES OF OUR TRADE IN THE VARIOUS FIELDS OF INDUSTRY AND TO PROTECT OUR RIGHTS THEREWITH.

As filed on the 2024 return.

Listed in Part VII

  • Matt Fairbanks

    PRESIDENT/BU

    Total calculated
    $312,743
    From this org
    $179,183
    From related orgs
    $0
    Other
    $133,560
    Hours/week
    56 + 2 related

    Schedule J breakdown matched by us

    Base
    $179,183
    Bonus
    not reported
    Other
    not reported
    Deferred
    $129,958
    Nontaxable benefits
    $3,602
    Filer's total
    $312,743
  • Jason Damman

    FIN SEC/TREA

    Total calculated
    $264,682
    From this org
    $151,392
    From related orgs
    $0
    Other
    $113,290
    Hours/week
    48 + 1.1 related

    Schedule J breakdown matched by us

    Base
    $151,392
    Bonus
    not reported
    Other
    not reported
    Deferred
    $111,018
    Nontaxable benefits
    $2,272
    Filer's total
    $264,682
  • Nick Murphy

    BUSINESS AGE

    Total calculated
    $241,971
    From this org
    $137,082
    From related orgs
    $0
    Other
    $104,889
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $137,082
    Bonus
    not reported
    Other
    not reported
    Deferred
    $101,479
    Nontaxable benefits
    $3,410
    Filer's total
    $241,971
  • Dave Holzer

    BUSINESS AGE

    Total calculated
    $241,293
    From this org
    $137,294
    From related orgs
    $0
    Other
    $103,999
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $137,294
    Bonus
    not reported
    Other
    not reported
    Deferred
    $101,515
    Nontaxable benefits
    $2,484
    Filer's total
    $241,293
  • Colin Beere

    GOVERNMENT A

    Total calculated
    $240,528
    From this org
    $137,189
    From related orgs
    $0
    Other
    $103,339
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $137,189
    Bonus
    not reported
    Other
    not reported
    Deferred
    $101,497
    Nontaxable benefits
    $1,842
    Filer's total
    $240,528
  • Joel Rasmussen

    BUSINESS AGE

    Total calculated
    $240,278
    From this org
    $137,005
    From related orgs
    $0
    Other
    $103,273
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $137,005
    Bonus
    not reported
    Other
    not reported
    Deferred
    $101,466
    Nontaxable benefits
    $1,807
    Filer's total
    $240,278
  • Michael Grosz

    BUSINESS AGE

    Total calculated
    $239,728
    From this org
    $136,915
    From related orgs
    $0
    Other
    $102,813
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $136,915
    Bonus
    not reported
    Other
    not reported
    Deferred
    $101,451
    Nontaxable benefits
    $1,362
    Filer's total
    $239,728
  • Charles Scholl

    RECORDING SE

    Total calculated
    $3,119
    From this org
    $3,119
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Adam Szybatka

    EXECUTIVE BO

    Total calculated
    $2,295
    From this org
    $2,295
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Pete Leitschuh

    EXECUTIVE BO

    Total calculated
    $2,275
    From this org
    $2,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Ralph Fenn

    EXECUTIVE BO

    Total calculated
    $1,760
    From this org
    $1,760
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Justin Wahl

    TRUSTEE

    Total calculated
    $1,275
    From this org
    $1,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Jimmy Williams

    TRUSTEE

    Total calculated
    $1,215
    From this org
    $1,215
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Jim Verhulst

    TRUSTEE

    Total calculated
    $1,107
    From this org
    $1,107
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Don Hintzman

    CONDUCTOR

    Total calculated
    $675
    From this org
    $675
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Ted Michalek

    WARDEN

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Eric Larson

    EXECUTIVE BO

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • David Ludowese

    EXECUTIVE BO

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Shawn Lynch

    EXECUTIVE BO

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Rachel Ramroop

    EXECUTIVE BO

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Jermey Specht

    EXECUTIVE BO

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Eric Frison

    TRUSTEE

    Total calculated
    $415
    From this org
    $415
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Benjamin Goebel

    TRUSTEE

    Total calculated
    $415
    From this org
    $415
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 related
  • Luigi Andretta Jr

    VICE PRESIDE

    Total calculated
    $250
    From this org
    $250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3 + 1.1 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

  • 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.

  • SHEET METAL WORKERS ASSOCIATION INC

    501C2 · BLDG CORP · MN · controlled entity

    Directly controlled by SMART 10

  • SHEET METAL LOCAL 10 PAC

    527 · PAC · MN · controlled entity

    Directly controlled by SMART 10

Provenance

Return type
form_990
Tax year
2024
Filed
8 October 2025
IRS schema version
2024v5.0
Source object
202532819349301688

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