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← SHEET METAL WORKERS UNION LOCAL NO 17 INSURANCE FUND

Form 990 for tax year 2024

Filed by SHEET METAL WORKERS UNION LOCAL NO 17 INSURANCE FUND.

Totals

Total revenue
$64,798,876
Total expenses
$54,281,902
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$58,406,438
Investment income
$5,426,091
Other revenue
$966,347
Total assets, end of year
$137,450,531
Total liabilities, end of year
$2,234,048
Net assets or fund balances, end of year
$135,216,483
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 $55,615,358 · related or exempt $55,615,358

  • 2b · Program service revenue: MEMBER CONTRIBUTIONS

    total $2,354,980 · related or exempt $2,354,980

  • 2c · Program service revenue: SASMI CONTRIBUTIONS

    total $436,100 · related or exempt $436,100

  • 3 · Investment income

    total $3,076,306 · excluded $3,076,306

  • 7a · Gross sales of assets other than inventory

    securities $3,057,511

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

    securities $707,726

  • 7c · Gain or loss

    securities $2,349,785

  • 7d · Net gain or loss

    total $2,349,785 · excluded $2,349,785

  • 11a · Other revenue: ADMIN ASSESSMENTS

    total $746,422 · related or exempt $746,422

  • 11b · Other revenue: NPF SUBSIDY

    total $209,622 · related or exempt $209,622

  • 11c · Other revenue: DELINQUENT CONTRACTOR INTEREST

    total $10,268 · related or exempt $10,268

  • 11d · All other revenue

    total $35 · related or exempt $35

  • 11e · Other revenue, total

    $966,347

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $52,133,511

  • 5 · Compensation of officers, directors and key employees

    total $188,967

  • 7 · Other salaries and wages

    total $379,349

  • 8 · Pension plan contributions

    total $280,421

  • 9 · Other employee benefits

    total $186,466

  • 10 · Payroll taxes

    total $50,324

  • 11b · Fees: legal

    total $30,955

  • 11c · Fees: accounting

    total $31,338

  • 11f · Fees: investment management

    total $179,188

  • 11g · Fees: other

    total $160,861

  • 13 · Office expenses

    total $33,843

  • 14 · Information technology

    total $180,636

  • 16 · Occupancy

    total $46,868

  • 19 · Conferences, conventions and meetings

    total $26,352

  • 22 · Depreciation, depletion and amortization

    total $60,915

  • 23 · Insurance

    total $72,944

  • 24a · Other expenses: STOP LOSS PREMIUMS

    total $193,132

  • 24b · Other expenses: ACA FEES

    total $20,280

  • 24c · Other expenses: POSTAGE

    total $16,069

  • 24d · Other expenses: PRINTING

    total $9,483

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,347,861 · end of year $3,612,911

  • 4 · Accounts receivable

    beginning of year $7,651,503 · end of year $8,179,121

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,962 · end of year $104,054

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

    $1,418,442

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

    $836,021

  • 10c · Land, buildings and equipment, net

    beginning of year $643,337 · end of year $582,421

  • 12 · Investments: other securities

    beginning of year $100,106,151 · end of year $121,513,924

  • 15 · Other assets

    beginning of year $2,892,900 · end of year $3,458,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $144,605 · end of year $177,485

  • 25 · Other liabilities

    beginning of year $3,546,168 · end of year $2,056,563

  • 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 $113,987,941 · end of year $135,216,483

Mission and programs · 2024

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS

Activities or mission (Part I)

TO PROVIDE HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS

  • TO PROVIDE HEALTH AND OTHER SPECIFIED BENEFITS TO ELIGIBLE MEMBERS/DEPENDENTS THROUGH A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN.

As filed on the 2024 return.

Listed in Part VII

  • James Wool

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Kevin Gill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Joseph Cullen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Jack Desmond

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Richard Keogh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Robert Butler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Richard B Keogh

    ADMINISTRATOR

    Total calculated
    $295,392
    From this org
    $193,510
    From related orgs
    $0
    Other
    $101,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,510
    Bonus
    $0
    Other
    $0
    Deferred
    $70,804
    Nontaxable benefits
    $31,078
    Filer's total
    $295,392

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.

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.

  • ADVANCE AIR & HEAT

    MA

  • AERO MECHANICAL INC

    RI

  • AERODYNE MECHANICAL CONTRACTOR

    MA

  • AIR DISTRIBUTION CORP

    MA

  • ALLIANCE SHEET METAL (BOSTON)

    MA

  • APEX CORPORATION

    MA

  • ATLANTIC CONTRACTING & SPECIAL

    NH

  • BENNETT CAD SYSTEMS INC

    MA

  • BLOUIN SERVICE LLC

    NH

  • CCB INC

    ME

  • BOSTON AIR SYSTEMS

    MA

  • ALL AIR SMW

    MA

  • KLEEBERG SHEET METAL INC

    MA

  • BRYANT SHEET METAL

    MA

  • ARDEN ENGINEERING

    MA

  • BUCKLEY ASSOCIATES

    MA

  • CHARLES P BLOUIN INC

    MA

  • COMMONWEALTH BLDG SYSTEMS

    MA

  • COMMONWEALTH VENTILATION

    MA

  • COX ENGINEERING COMPANY

    MA

  • CUSTOM METALS - INSURANCE

    MA

  • DD SILVIA HVAC

    MA

  • AXION

    MA

  • E L BARRETT CO INC

    MA

  • BUILD 3D

    RI

  • DUCTED AIR SYSTEMS LLC

    MA

  • EVERGREEN SHEETMETAL

    MA

  • EXCEL HVAC INC

    RI

  • BONNER SHEET METAL CORP

    MA

  • FEELEY MCANESPIE INC

    MA

  • FOOD EQUIPMENT INSTALLATION

    MA

  • FINBARR MECHANICAL LLC

    MA

  • CAMBRIDGEPORT AIR

    NJ

  • FRAZIER SHEET METAL

    MA

  • INTEGRA TESTING

    MA

  • GILBERT & BECKER CO INC

    MA

  • G & R HEATING AND AIR CONDITIONING

    IL

  • GREENWOOD INDUST

    MA

  • INDEPENDENT AIR

    MA

  • CAMBRIDGEPORT CUSTOM

    MA

  • JC CANNISTRARO LLC

    MA

  • JEC SERVICE COMPANY

    MA

  • JOHN F SHEA CO INC

    MA

  • JOHNSON S M CO INC

    MA

  • KEVIN S COX ASSOC

    MA

  • KIMBALL AIR SYSTEMS

    MA

  • CARL FISCHER

    ME

  • CK TESTING

    MA

  • LEONHARDT CO INC

    NH

  • MBTA

    MA

  • MAPLEWOOD SHEET METAL CO INC

    MA

  • MCCUSKER-GILL INC

    MA

  • METALON LLC

    MA

  • MILHAMER ASSOCIATES INC

    MA

  • MLS SHEET METAL

    MA

  • MURPHY SPECIALTIES

    MA

  • NE INSTALLATIONS LLC

    MA

  • NESM MECHANICAL

    NH

  • NESM CONNECTORS

    MA

  • NORTHEASTERN SHEET METAL

    NH

  • CONTINENTAL PRODUCTS

    MA

  • NORTHSTAR CONTRACTING GROUP

    MA

  • O'CONNOR CORPORATION

    ME

  • PEAK MECHANICAL SERVICES CORP

    MA

  • PRECISION AIR TESTING & BALANCING

    RI

  • CRRC

    MA

  • QUALITY AIR METALS

    MA

  • QUINCY SHEET METAL CO

    MA

  • NEW ENGLAND ABATEMENT RESOURCES

    MA

  • RELIABLE ROOFING & SM

    MA

  • RMN MECHANICAL

    NH

  • S&D SHEET METAL

    ME

  • DYNAMIC AIR

    MA

  • STEWART ELECTRICAL CONTRACTING

    MA

  • SYDNEY SHEET METAL

    MA

  • TEKON TECH CONSULTANTS

    MA

  • TEMPTEC MECHANICAL

    RI

  • THB COMPANY

    MA

  • THOMAS YOUNG ASSOC

    MA

  • TITAN

    MA

  • TREMONT HVAC

    MA

  • TRI STAR SHEET METAL

    ME

  • UNIQUE METAL WORKS LLC

    RI

  • UNITED HVAC

    MA

  • UNIVERSAL AUTOMATION & MECH

    MA

  • WALSH BROTHERS INC

    MA

  • WALSH MECHANCIAL

    MA

  • WILLIAM F LYNCH CO

    MA

  • WORCESTER AIR COND

    MA

  • XYZ SHEET METAL

    MA

  • ENVIRONMEWNTAL DUCT

    MA

  • WALSH CONSTRUCTION

    MA

  • FAB TECH

    MA

  • GDS

    MA

  • MANNYS PLUMBING AND HEATING

    MA

  • NORTHSTAR REFRIGERATION INC

    MA

  • ROYAL STEAM HEATING CO

    MA

  • HAMEL

    ME

  • SUNRISE ERECTORS INC

    MA

  • YANKEE SHEET METAL

    RI

  • N&T MECHANICAL CONTRACTORS INC

    MA

  • ICONBIM

    MA

  • SKANSKA USA BUILDING

    MA

  • LEADINGWAY

    MA

  • CERTIFIED BOOM AND INDUSTRIAL

    MA

  • JOHN W DANFORTH COMPANY

    VT

  • LK SHEET METAL

    MA

  • LAB CO

    MA

  • M&W SHEET METAL

    MA

  • MODERNIZED ARCHITECHURAL

    MA

  • MORAN SHEET METAL

    MA

  • KLEEBERG MECHANICAL SERVICES

    MA

  • PITTSFIELD PIPERS INC

    MA

  • NEW HORIZON SHEET METAL

    MA

  • N&T SHEET METAL

    MA

  • THE DOBERT COMPANIES

    MA

  • US TEST & BALANCE

    MA

  • PERFORMANCE SM

    MA

  • RC METALS

    MA

  • SILKTOWN ROOFING

    MA

  • UNITED MCGILL

    MA

  • VERTEX

    MA

  • EMOND

    MA

Provenance

Return type
form_990
Tax year
2024
Filed
15 September 2026
IRS schema version
2024v5.5
Source object
202622599349301302

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