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← SHEET METAL WORKERS LOCAL UNION NO 80 INSURANCE TRUST FUND

Form 990 for tax year 2023

Filed by SHEET METAL WORKERS LOCAL UNION NO 80 INSURANCE TRUST FUND.

Totals

Total revenue
$25,950,538
Total expenses
$26,052,376
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,319,829
Investment income
$720,181
Other revenue
$910,528
Total assets, end of year
$30,161,207
Total liabilities, end of year
$14,690,655
Net assets or fund balances, end of year
$15,470,552
Program services expenses (Part IX)
$24,528,349
Management and general expenses
$1,524,027
Fundraising expenses
$0
Program service expenses (Part III)
$24,528,349

Program services were 94.2% 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: Employer Contributions

    total $22,522,308 · related or exempt $22,522,308

  • 2b · Program service revenue: Participant Contributio

    total $1,797,521 · related or exempt $1,797,521

  • 3 · Investment income

    total $635,704 · excluded $635,704

  • 7a · Gross sales of assets other than inventory

    securities $6,842,269

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

    securities $6,757,792

  • 7c · Gain or loss

    securities $84,477

  • 7d · Net gain or loss

    total $84,477 · related or exempt $84,477

  • 11a · Other revenue: Other

    total $910,528 · related or exempt $910,528

  • 11e · Other revenue, total

    $910,528

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $24,528,349 · program services $24,528,349

  • 11a · Fees: management

    total $1,076,861 · management and general $1,076,861

  • 11b · Fees: legal

    total $43,273 · management and general $43,273

  • 11c · Fees: accounting

    total $20,900 · management and general $20,900

  • 11f · Fees: investment management

    total $142,989 · management and general $142,989

  • 11g · Fees: other

    total $95,273 · management and general $95,273

  • 13 · Office expenses

    total $124,890 · management and general $124,890

  • 19 · Conferences, conventions and meetings

    total $4,540 · management and general $4,540

  • 23 · Insurance

    total $11,787 · management and general $11,787

  • 24a · Other expenses: Membership Dues

    total $1,900 · management and general $1,900

  • 24b · Other expenses: Trustee Lost Wages

    total $1,614 · management and general $1,614

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,006,475 · end of year $1,965,563

  • 2 · Savings and temporary cash investments

    beginning of year $393,174 · end of year $419,450

  • 4 · Accounts receivable

    beginning of year $1,564,444 · end of year $1,805,259

  • 8 · Inventories for sale or use

    beginning of year $360,673 · end of year $478,363

  • 11 · Investments: publicly traded securities

    beginning of year $22,240,261 · end of year $25,492,572

  • 17 · Accounts payable and accrued expenses

    beginning of year $673,634 · end of year $1,438,523

  • 19 · Deferred revenue

    beginning of year $14,512 · end of year $12,132

  • 25 · Other liabilities

    beginning of year $11,928,000 · end of year $13,240,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,948,881 · end of year $15,470,552

Mission and programs · 2023

Mission

To provide health and welfare benefits to eligible plan participants, and their dependents.

  • To provide health and welfare benefits to eligible plan participants, and their dependents.

    Expenses $24,528,349

As filed on the 2023 return.

Listed in Part VII

  • Eric McPherson

    TRUSTEE

    Total calculated
    $226,576
    From this org
    $162,124
    From related orgs
    $0
    Other
    $64,452
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $162,124
    Bonus
    not reported
    Other
    not reported
    Deferred
    $64,452
    Nontaxable benefits
    not reported
    Filer's total
    $226,576

  • Timothy Mulligan

    Chairman

    Total calculated
    $208,608
    From this org
    $156,288
    From related orgs
    $0
    Other
    $52,320
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $156,288
    Bonus
    not reported
    Other
    not reported
    Deferred
    $52,320
    Nontaxable benefits
    not reported
    Filer's total
    $208,608

  • David Hartsuck

    TRUSTEE

    Total calculated
    $191,784
    From this org
    $144,612
    From related orgs
    $0
    Other
    $47,172
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $144,612
    Bonus
    not reported
    Other
    not reported
    Deferred
    $47,172
    Nontaxable benefits
    not reported
    Filer's total
    $191,784

  • Bryan McConnell

    TRUSTEE

    Total calculated
    $100,337
    From this org
    $69,775
    From related orgs
    $0
    Other
    $30,562
    Hours/week
    0

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.

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.

  • ADVANTAGE MECHANICAL GROUP

  • AIR SOLUTIONS INC

  • AIRFLOW TESTING INC

  • ALLIANCE AIR CONDITIONING

  • ALLIED VENTILATION INC

  • API CONSTRUCTION SPECIALT

  • APPLEGATE INC

  • AUGUST WINTER & SONS INC

  • BARMATIC INSPECTING COMPA

    controlled entity

  • BARON MECHANICAL CONTRACT

  • BEST IMPRESSIONSINC

  • BIM DESIGNS INC

  • BLOOM ROOFING SYSTEMS IN

  • BRANDSAFWAY INDUSTRIES L

  • BUMLER MECHANICAL INC

  • CASS

  • CDP ENVIRONMENTAL INC

  • CEI MICHIGAN LLC

  • CHRISTENDETROIT

  • CMR MECHANICAL LLC

  • CMR MECHANICAL LLC

  • COMPLETE MECHANICAL CONT

  • CONQUEST MANUFACTURING LL

  • CONTI MECHANICAL INC

  • CORE MECHANICAL INC

  • CROWN CORR INC

  • CURBS & DAMPER

  • DANBOISE MECHANICAL

  • DE-CAL INC

  • DEE CRAMER INC

  • DETROIT CORNICE & SLATE C

  • EWENSROTH COMPANY

  • ECKER MECHANICAL CONTRACT

  • ENVIRO-AIRE INC

  • ENVIRONMENTAL TESTING SER

  • ERV EHLERS COMPANY

  • FM SYLVAN INC

  • FORCED AIR SYSTEMS INC

  • GOYETTE MECHANICAL

  • GREAT LAKES HOTEL SUPPLY

  • H MWHITELLC

  • HALEY MECHANICAL INC

  • HERITAGE MECHANICAL

  • HILTON VENTILATION & IND

  • INTERNATIONAL TEST & BALA

  • J & J METAL PRODUCTS

  • JD CANDLER ROOFING CO

  • JOHNSON CONTROLS INC

  • LADUKE CORPORATION

  • LIBERTY SHEET METAL

  • LIMBACH COMPANY

  • LOCAL 80 JAC

  • LONG MECHANICAL

  • LYON MECHANICAL INC

  • MW MORSS ROOFING

  • MACOMB HEATING & COOLING

  • MARTINEZ MECHANICAL INC

  • MCM STAINLESS FABRICATING

  • MCSHANE MECHANICAL CONTRA

  • MECHANICAL DESIGN & INSTA

  • MECHANICAL SHEET METAL

  • METRO AIR INC

  • METRO CONTROLS INC

  • MJ MECHANICAL INC

  • NATIONAL ENERGY MANAGEMEN

  • NEWTON & CRANE INC

  • NORTH ROOFING GORDON

  • QUALITY ROOFING & SHEET M

  • RE LEGGETTE COMPANY

  • RW MEAD & SONS INC

  • RENE VANASSCHE & SONS CO

  • ROBERTSON-MORRISON INC

  • ROYAL ROOFING COMPANY IN

  • ROYAL-WEST ROOFING &SHEET

  • S & Z SHEETMETAL INC

  • SANI-VAC SERVICE INC

  • SCHENA ROOFING & SHEET ME

  • SCHREIBER CORPORATION

  • SDI EXTERIOR SYSTEMS LLC

  • SET DUCT MANUFACTURING

  • SHEET METAL WORKERS-LOCAL

  • SUMMIT ROOFING LLC

  • SYSTEMP CORP

  • TF BECK

  • TEMPCO MECHANICAL CONTRAC

  • TOTAL FLOW CONTROL

  • UNIVERSAL WALL SYSTEMS

  • VENTCON INC

  • VM DUCT SERVICES LLC

  • WJ ONEIL COMPANY

  • WEBB MECHANICAL & ELECTRIC

  • WITT MECHANICAL INC

  • WM FLOYD HEATING CO

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202531059349302673

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