Form 990 for tax year 2024
Filed by THE SHEET METAL LOCAL NO 40 HEALTH FUND.
Totals
- Total revenue
- $9,230,717
- Total expenses
- $7,822,115
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $8,907,988
- Investment income
- $65,683
- Other revenue
- $257,046
- Total assets, end of year
- $6,604,977
- Total liabilities, end of year
- $1,268,663
- Net assets or fund balances, end of year
- $5,336,314
- 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 $8,330,016 · related or exempt $8,330,016
-
2b · Program service revenue: RETIREE CONTRIBUTIONS
total $525,834 · related or exempt $525,834
-
2c · Program service revenue: EMPLOYEE CONTRIBUTIONS
total $52,138 · related or exempt $52,138
-
3 · Investment income
total $65,683 · excluded $65,683
-
11a · Other revenue: PRESCRIPTION REBATE
total $245,794 · related or exempt $245,794
-
11b · Other revenue: STOP LOSS REIMBURSEMEN
total $11,115 · related or exempt $11,115
-
11c · Other revenue: ADMINISTRATIVE CHARGES
total $137 · related or exempt $137
-
11e · Other revenue, total
$257,046
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $7,065,934
-
11b · Fees: legal
total $34,280
-
11c · Fees: accounting
total $39,273
-
11f · Fees: investment management
total $2,041
-
11g · Fees: other
total $662,506
-
13 · Office expenses
total $9,987
-
19 · Conferences, conventions and meetings
total $5,491
-
23 · Insurance
total $2,603
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,686,694 · end of year $3,841,144
-
4 · Accounts receivable
beginning of year $877,843 · end of year $1,807,004
-
9 · Prepaid expenses and deferred charges
beginning of year $11,804 · end of year $79,145
-
11 · Investments: publicly traded securities
beginning of year $828,232 · end of year $877,684
-
17 · Accounts payable and accrued expenses
beginning of year $17,205 · end of year $121,714
-
19 · Deferred revenue
beginning of year $33,422 · end of year $33,422
-
25 · Other liabilities
beginning of year $426,234 · end of year $1,113,527
-
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 $3,927,712 · end of year $5,336,314
Mission and programs · 2024
Mission
TO PROVIDE HEALTH (MEDICAL, DENTAL, VISION, AND PRESCRIPTION), LIFE, ACCIDENTAL DEATH & DISMEMBERMENT COVERAGE AND DISABILITY BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS WHO WORK, OR WORKED, IN THE SHEET METAL INDUSTRY AS MEMBERS OF LOCAL 40, OR WHO WORKED IN SUPPORT OF THE INDUSTRY.
Activities or mission (Part I)
TO PROVIDE HEALTH, LIFE, ACCIDENTAL DEATH & DISMEMBERMENT COVERAGE AND DISABILITY BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS WHO WORK, OR WORKED, IN THE SHEET METAL INDUSTRY AS MEMBERS OF LOCAL 40, OR WHO WORKED IN SUPPORT OF THE INDUSTRY.
-
TO PROVIDE MAJOR MEDICAL, HOSPITALIZATION, DISABILITY, LIFE INSURANCE, AND OTHER HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS OF THIS FUND AND THEIR BENEFICIARIES.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John NimmonsJOHN NIMMONS
LABOR TRUSTEE
- Total calculated
- $246,694
- From this org
- $0
- From related orgs
- $137,409
- Other
- $109,285
- Hours/week
- 0.3 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $137,409 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $74,320 related
- Nontaxable benefits
- $0 + $34,965 related
- Filer's total
- $0 + $246,694 related
-
Fred DescyFRED DESCY
LABOR TRUSTEE
- Total calculated
- $230,031
- From this org
- $0
- From related orgs
- $123,168
- Other
- $106,863
- Hours/week
- 0.3 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $123,168 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $71,898 related
- Nontaxable benefits
- $0 + $34,965 related
- Filer's total
- $0 + $230,031 related
-
John M BealJOHN M BEAL
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Kenneth R KleebergKENNETH R KLEEBERG
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Lynne A KleebergLYNNE A KLEEBERG
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
John LucchessiJOHN LUCCHESSI
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Jason ShermanJASON SHERMAN
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Michael ThompsonMICHAEL THOMPSON
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
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
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 INDUSTRY APPRENTICE & TRAINING FUND
501(C)(3) · EMPLOYEE BENEFIT FUND · CT
-
SHEET METAL WORKERS' LOCAL NO 40 PENSION
501(D) · EMPLOYEE BENEFIT FUND · CT
-
SHEET METAL WORKERS' LOCAL NO 40 SUPP RETIREMENT FUND
501(D) · EMPLOYEE BENEFIT FUND · CT
-
NORTHEAST REGIONAL COUNCIL OF SMART
501(C)(5) · LABOR UNION · CT
-
ASSOCIATED SHEET METAL & ROOFING CONTRACTORS OF CT INC
501(C)(6) · ASSOCIATION OF SHEET METAL WORKERS · CT
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&T FUND
-
AIR BALANCING SERVICE CO
-
ARCHITECTURAL SHEET METAL
-
BHI ENERGY SPECIALTY SERVICES
-
COMMERCIAL ROOFING & CONTRACTING INC
-
EAGLE RIVET ROOF SERVICES CORP
-
ENVIRONMENTAL TESTING & BALANCING INC
-
ERNEST PETERSON INC
-
F & F MECHANICAL ENTERPRISES INC
-
FFFC OF CT
-
GOLD SEAL ROOFING LLC
-
GREENWOOD INDUSTRIES INC COMPANIES
-
HEALTH FUND BUY-IN
-
JAMES E BRENNAN CO INC
-
JHS RESTORATION INC
-
KLEEBERG SHEET METAL INC
-
LK SHEET METAL INC
-
LABCO AIR & WATER BALANCING LLC
-
MASSEY'S PLATE GLASS AND ALUMINUM INC
-
OFFSHORE CONSTRUCTION INC
-
PALMER SHEET METAL CO INC
-
SASMI
-
SOUTHERN NEW ENGLAND INSTALLERS LLC
-
THE HILLERY COMPANY
-
THE IMPERIAL COMPANY INC
-
TITAN ROOFING INC
-
TRUEFLOW TESTING & BAL LLC
-
WING'S TESTING & BALANCE CO
-
YANKEE SHEET METAL COMPANY INC
-
YOUNG DEVELOPERS LLC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533209349301978
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