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← SHEET METAL INDUSTRY PROMOTION FUND OF NEW YORK CITY

Form 990 for tax year 2023

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

Totals

Total revenue
$1,179,227
Total expenses
$1,666,391
Contributions and grants received
$0
Grants paid
$787,618
Program service revenue
$1,098,148
Investment income
$78,080
Other revenue
$2,999
Total assets, end of year
$3,201,226
Total liabilities, end of year
$1,239,231
Net assets or fund balances, end of year
$1,961,995
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: CONTRACTUAL EMPLOYER C

    total $1,000,726 · related or exempt $1,000,726

  • 2b · Program service revenue: RENTAL REIMBURSEMENT

    total $97,422 · related or exempt $97,422

  • 3 · Investment income

    total $78,080 · excluded $78,080

  • 11d · All other revenue

    total $2,999 · excluded $2,999

  • 11e · Other revenue, total

    $2,999

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $775,618

  • 2 · Grants to domestic individuals

    total $12,000

  • 5 · Compensation of officers, directors and key employees

    total $184,347

  • 10 · Payroll taxes

    total $12,137

  • 11b · Fees: legal

    total $185,000

  • 11c · Fees: accounting

    total $20,400

  • 13 · Office expenses

    total $64,372

  • 14 · Information technology

    total $7,078

  • 16 · Occupancy

    total $210,974

  • 22 · Depreciation, depletion and amortization

    total $8,907

  • 23 · Insurance

    total $4,123

  • 24a · Other expenses: TRAINING AND SEMINARS

    total $111,292

  • 24b · Other expenses: BAD DEBT

    total $68,643

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

    total $1,500

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,294,911 · end of year $2,053,159

  • 4 · Accounts receivable

    beginning of year $141,659 · end of year $100,070

  • 9 · Prepaid expenses and deferred charges

    beginning of year $102,852 · end of year $99,548

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

    $165,319

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

    $115,092

  • 10c · Land, buildings and equipment, net

    beginning of year $17,652 · end of year $50,227

  • 15 · Other assets

    beginning of year $1,087,378 · end of year $898,222

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,706 · end of year $131,083

  • 19 · Deferred revenue

    end of year $76,600

  • 25 · Other liabilities

    beginning of year $1,187,587 · end of year $1,031,548

  • 27 · Net assets without donor restrictions

    beginning of year $2,449,159 · end of year $1,961,995

Mission and programs · 2023

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

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

  • LABOR MANAGMENT COMMITTEE GRANT

  • OCCUPANCY AND OTHER

  • STAFF

  • PROFESSIONAL FEES

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul Berti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael McCusker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kristy Florio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas Narciso

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Papadimitriou

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Weickert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Rothberg

    SECRETARY

    Total calculated
    $0
    Hours/week
    25 + 25 related

  • Elizabeth Castillo

    MANAGER

    Total calculated
    $184,347
    From this org
    $153,269
    From related orgs
    $0
    Other
    $31,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,500
    Bonus
    $5,769
    Other
    $0
    Deferred
    $19,084
    Nontaxable benefits
    $11,994
    Filer's total
    $184,347

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

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
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202442919349300909

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