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← SHEET METAL WORKRS LOCAL 27 HEALTH & WELFARE FUND

Form 990 for tax year 2022

Filed by SHEET METAL WORKRS LOCAL 27 HEALTH & WELFARE FUND.

Totals

Total revenue
$9,459,691
Total expenses
$11,015,320
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,717,610
Investment income
$356,307
Other revenue
$385,774
Total assets, end of year
$10,961,042
Total liabilities, end of year
$919,398
Net assets or fund balances, end of year
$10,041,644
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: EMPLOYERS' CONTRIBUTIONS

    total $8,373,644 · related or exempt $8,373,644

  • 2b · Program service revenue: EMPLOYEES - COBRA

    total $343,966 · related or exempt $343,966

  • 3 · Investment income

    total $250,487 · excluded $250,487

  • 7a · Gross sales of assets other than inventory

    securities $3,668,452

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

    securities $3,562,632

  • 7c · Gain or loss

    securities $105,820

  • 7d · Net gain or loss

    total $105,820 · excluded $105,820

  • 11a · Other revenue: ALLOCATION TO OTHER FUNDS

    total $169,771 · related or exempt $169,771

  • 11b · Other revenue: COBRA REBATE

    total $125,564 · related or exempt $125,564

  • 11c · Other revenue: FORGIVENESS OF PPP LOAN

    total $42,100 · related or exempt $42,100

  • 11d · All other revenue

    total $48,339 · related or exempt $48,339

  • 11e · Other revenue, total

    $385,774

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $10,253,536

  • 7 · Other salaries and wages

    total $224,648

  • 9 · Other employee benefits

    total $235,473

  • 10 · Payroll taxes

    total $16,301

  • 11b · Fees: legal

    total $21,324

  • 11c · Fees: accounting

    total $64,000

  • 11f · Fees: investment management

    total $22,779

  • 11g · Fees: other

    total $9,500

  • 13 · Office expenses

    total $23,767

  • 14 · Information technology

    total $40,373

  • 16 · Occupancy

    total $43,207

  • 19 · Conferences, conventions and meetings

    total $24,504

  • 22 · Depreciation, depletion and amortization

    total $11,516

  • 23 · Insurance

    total $8,002

  • 24a · Other expenses: BANK FEES

    total $8,079

  • 24b · Other expenses: TELEPHONE EXPENSE

    total $6,001

  • 24c · Other expenses: PCORI FEE

    total $2,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $339,881 · end of year $409,052

  • 2 · Savings and temporary cash investments

    beginning of year $36,782 · end of year $418,106

  • 4 · Accounts receivable

    beginning of year $525,310 · end of year $934,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,482 · end of year $18,395

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

    $225,201

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

    $225,201

  • 10c · Land, buildings and equipment, net

    beginning of year $11,516 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $13,680,317 · end of year $8,910,619

  • 15 · Other assets

    beginning of year $120,610 · end of year $269,912

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,872 · end of year $81,134

  • 25 · Other liabilities

    beginning of year $878,717 · end of year $838,264

  • 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 $13,767,309 · end of year $10,041,644

Mission and programs · 2022

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS FOR ITS PARTICIPANTS.

  • THE PURPOSE OF THE FUND IS TO PROVIDE HEALTH AND WELFARE BENEFITS SUCH AS MEDICAL CARE, PRESCRIPTION BENEFITS, DENTAL, VISION CARE, LIFE INSURANCE AND DEATH BENEFITS FOR ITS PARTICIPANTS.

As filed on the 2022 return.

Listed in Part VII

  • DAWN PASCALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD BONNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS DEBARTOLO

    UNION TRUSTEE

    Total calculated
    $318,446
    From this org
    $0
    From related orgs
    $195,820
    Other
    $122,626
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $195,820 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $91,606 related
    Nontaxable benefits
    $0 + $31,020 related
    Filer's total
    $0 + $318,446 related

  • GERALD LYLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW JOHNSON

    UNION TRUSTEE

    Total calculated
    $274,574
    From this org
    $0
    From related orgs
    $158,471
    Other
    $116,103
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $158,471 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $84,782 related
    Nontaxable benefits
    $0 + $31,321 related
    Filer's total
    $0 + $274,574 related

  • MIKE KOLBASOWSKI

    UNION TRUSTEE

    Total calculated
    $274,225
    From this org
    $0
    From related orgs
    $158,471
    Other
    $115,754
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $158,471 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $84,674 related
    Nontaxable benefits
    $0 + $31,080 related
    Filer's total
    $0 + $274,225 related

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.

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202333039349301628

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