Form 990 for tax year 2022
Filed by SHEET METAL WORKERS 104 & BAY AREA INDUSTRY TRAINING FUND.
Totals
- Total revenue
- $19,876,096
- Total expenses
- $11,301,111
- Contributions and grants received
- $666,769
- Grants paid
- $542,892
- Program service revenue
- $8,566,083
- Investment income
- $9,333,281
- Other revenue
- $1,309,963
- Total assets, end of year
- $52,027,601
- Total liabilities, end of year
- $1,665,538
- Net assets or fund balances, end of year
- $50,362,063
- Program services expenses (Part IX)
- $10,650,313
- Management and general expenses
- $650,798
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,650,313
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.
-
1c · Fundraising events
$146,225
-
1e · Government grants (contributions)
$439,232
-
1f · All other contributions, gifts and grants
$81,312
-
1g · Noncash contributions included above
$50,031
-
2a · Program service revenue: Employer contributions
total $8,403,327 · related or exempt $8,403,327
-
2b · Program service revenue: RENTAL INCOME
total $162,756 · related or exempt $162,756
-
3 · Investment income
total $231,146 · excluded $231,146
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $7,777,097 · other assets $9,566,915
-
7b · Less cost or other basis and sales expenses
securities $7,422,693 · other assets $819,184
-
7c · Gain or loss
securities $354,404 · other assets $8,747,731
-
7d · Net gain or loss
total $9,102,135 · excluded $9,102,135
-
8a · Fundraising events: gross income
$84,675
-
8a · Fundraising events: contributions included on line 1c
$146,225
-
8b · Fundraising events: direct expenses
$84,675
-
9a · Gaming: gross income
$23,358
-
9b · Gaming: direct expenses
$50,648
-
9c · Net income from gaming
total -$27,290 · excluded -$27,290
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Sale of Supplies
total $545 · related or exempt $545
-
11b · Other revenue: Other Income
total $168,132 · related or exempt $168,132
-
11c · Other revenue: College Reimbursements
total $1,168,576 · related or exempt $1,168,576
-
11e · Other revenue, total
$1,337,253
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $542,892 · program services $542,892
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,439,986 · program services $4,173,587 · management and general $266,399
-
8 · Pension plan contributions
total $948,470 · program services $948,470
-
9 · Other employee benefits
total $1,333,444 · program services $1,333,444
-
10 · Payroll taxes
total $310,305 · program services $291,687 · management and general $18,618
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $74,003 · management and general $74,003
-
11c · Fees: accounting
total $106,139 · management and general $106,139
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $25,669 · program services $24,129 · management and general $1,540
-
11g · Fees: other
total $93,867 · program services $88,235 · management and general $5,632
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $93,097 · program services $87,512 · management and general $5,585
-
14 · Information technology
total $65,029 · program services $61,127 · management and general $3,902
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,118,746 · program services $1,051,621 · management and general $67,125
-
17 · Travel
total $49,018 · program services $46,077 · management and general $2,941
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $7,926 · program services $7,450 · management and general $476
-
20 · Interest
total $110,841 · program services $104,191 · management and general $6,650
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,351,191 · program services $1,270,120 · management and general $81,071
-
23 · Insurance
total $175,982 · program services $165,423 · management and general $10,559 · fundraising $0
-
24a · Other expenses: Miscellaneous Expense
total $2,640 · program services $2,482 · management and general $158
-
24b · Other expenses: Training Material
total $438,288 · program services $438,288
-
24c · Other expenses: Instructor Training
total $8,578 · program services $8,578
-
24d · Other expenses: Awards and Selection Costs
total $5,000 · program services $5,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,917,440 · end of year $5,587,723
-
2 · Savings and temporary cash investments
beginning of year $564,035 · end of year $1,809,876
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $2,557,021 · end of year $2,412,502
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $11,398 · end of year $4,768
-
10a · Land, buildings and equipment: cost or other basis
$48,960,339
-
10b · Land, buildings and equipment: accumulated depreciation
$13,399,159
-
10c · Land, buildings and equipment, net
beginning of year $17,824,210 · end of year $35,561,180
-
11 · Investments: publicly traded securities
beginning of year $13,671,217 · end of year $6,651,552
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $9,671,218 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $826,005 · end of year $559,150
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,204,314 · end of year $1,106,388
-
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 $0 · end of year $0
Mission and programs · 2022
Mission
TO FURTHER THE EDUCATION AND TRAINING OF APPRENTICES & JOURNEYPERSONS.
Activities or mission (Part I)
SHEET METAL WORKERS LOCAL 104 AND BAY AREA INDUSTRY TRAINING FUND IS A JOINT LABOR-MANAGEMENT TRUST DEDICATED TO PROVIDE MEN AND WOMEN OF THE SHEET METAL INDUSTRY THE
-
EDUCATED AND TRAINED ELIGIBLE EMPLOYEES (IN NORTHERN CALIFORNIA) IN ALL PHASES OF SHEET METAL INDUSTRY.
Expenses $10,650,313 · Grants $542,892 · Revenue $9,717,661
As filed on the 2022 return.
Listed in Part VII
-
Ben Rivera
Co-Administrators
- Total calculated
- $318,601
- From this org
- $186,843
- From related orgs
- $0
- Other
- $131,758
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,843
- Bonus
- $0
- Other
- $0
- Deferred
- $107,399
- Nontaxable benefits
- $24,359
- Filer's total
- $318,601
-
Tim Myres
Co-Administrators
- Total calculated
- $318,601
- From this org
- $186,843
- From related orgs
- $0
- Other
- $131,758
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,843
- Bonus
- $0
- Other
- $0
- Deferred
- $107,399
- Nontaxable benefits
- $24,359
- Filer's total
- $318,601
-
Brad De Young
Training Coordinator
- Total calculated
- $287,981
- From this org
- $186,909
- From related orgs
- $0
- Other
- $101,072
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,909
- Bonus
- $0
- Other
- $0
- Deferred
- $76,713
- Nontaxable benefits
- $24,359
- Filer's total
- $287,981
-
Henry Funcke
Curriculum Coordinator
- Total calculated
- $281,885
- From this org
- $180,813
- From related orgs
- $0
- Other
- $101,072
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,813
- Bonus
- $0
- Other
- $0
- Deferred
- $76,713
- Nontaxable benefits
- $24,359
- Filer's total
- $281,885
-
Pat Pico
FT Instructor
- Total calculated
- $257,300
- From this org
- $183,936
- From related orgs
- $0
- Other
- $73,364
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,336
- Bonus
- $0
- Other
- $1,600
- Deferred
- $55,059
- Nontaxable benefits
- $18,305
- Filer's total
- $257,300
-
Paul D Irwin
Co-Chair/Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Rick Werner
Co-Chair/Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Chad Johnston
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jeff Salvotti
Trustee
- Total calculated
- $0
- Hours/week
- 2.5
-
Sean E O' Donoghue
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Keith Dias
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Sean Greenwood
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Richard Koenig
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jim Conway
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Casey Van Den Heuvel
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Kathy de Jong
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Brian Werner
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Charlie Throssel
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Brian A Masters
Trustee
- Total calculated
- $0
- Hours/week
- 2
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 · Written employment contract
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
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SMW Training - Castroville LLC
TITLE HOLDER · CA · income $20,298 · assets $542,866
Directly controlled by SMW 104 TNG
-
SMW Training - Fairfield LLC
TITLE HOLDER · CA · income $43,332 · assets $3,038,532
Directly controlled by SMW 104 TNG
-
SMW Training - San Jose LLC
TITLE HOLDER · CA · income $38,043 · assets $3,515,081
Directly controlled by SMW 104 TNG
-
SMW Training - San Leandro LLC
TITLE HOLDER · CA · income $48,569 · assets $4,378,486
Directly controlled by SMW 104 TNG
-
SMW TRAINING - LIVERMORE LLC
TITLE HOLDER · CA · income $12,513 · assets $18,488,495
Directly controlled by SMW 104 TNG
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349306033
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