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← MADISON AREA SHEET METAL WORKERS EDUCATION TRUST

Form 990 for tax year 2022

Filed by MADISON AREA SHEET METAL WORKERS EDUCATION TRUST.

Totals

Total revenue
$1,307,649
Total expenses
$1,172,533
Contributions and grants received
$27,000
Grants paid
$0
Program service revenue
$1,242,149
Investment income
$13,486
Other revenue
$25,014
Total assets, end of year
$3,383,394
Total liabilities, end of year
$1,832,683
Net assets or fund balances, end of year
$1,550,711
Program services expenses (Part IX)
$1,014,304
Management and general expenses
$158,229
Fundraising expenses
$0
Program service expenses (Part III)
$1,014,304

Program services were 86.5% 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.

  • 1f · All other contributions, gifts and grants

    $27,000

  • 2a · Program service revenue: EDUCATIONAL FUND CONTR

    total $1,155,530 · related or exempt $1,155,530

  • 2b · Program service revenue: TUITION

    total $86,619 · related or exempt $86,619

  • 6a · Gross rents

    real property $5,407

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $5,407

  • 6d · Net rental income or loss

    total $5,407 · excluded $5,407

  • 7a · Gross sales of assets other than inventory

    other assets $25,600

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

    other assets $12,114

  • 7c · Gain or loss

    other assets $13,486

  • 7d · Net gain or loss

    total $13,486 · excluded $13,486

  • 11a · Other revenue: MISCELLANEOUS

    total $19,607 · related or exempt $19,607

  • 11e · Other revenue, total

    $19,607

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $17,634 · program services $17,634

  • 7 · Other salaries and wages

    total $305,364 · program services $305,364

  • 8 · Pension plan contributions

    total $58,448 · program services $58,448

  • 9 · Other employee benefits

    total $69,982 · program services $69,982

  • 10 · Payroll taxes

    total $29,352 · program services $29,352

  • 11a · Fees: management

    total $14,167 · management and general $14,167

  • 11b · Fees: legal

    total $120,239 · management and general $120,239

  • 11c · Fees: accounting

    total $9,160 · management and general $9,160

  • 13 · Office expenses

    total $13,729 · management and general $13,729

  • 16 · Occupancy

    total $54,373 · program services $54,373

  • 17 · Travel

    total $12,401 · program services $12,401

  • 19 · Conferences, conventions and meetings

    total $900 · program services $900

  • 20 · Interest

    total $82,148 · program services $82,148

  • 22 · Depreciation, depletion and amortization

    total $178,843 · program services $178,843

  • 23 · Insurance

    total $11,903 · program services $11,903

  • 24a · Other expenses: EDUCATIONAL EXPENSES

    total $66,235 · program services $66,235

  • 24b · Other expenses: BIG STEP, COMMUNITY OUT

    total $45,107 · program services $45,107

  • 24c · Other expenses: MAINTENANCE

    total $39,940 · program services $39,940

  • 24d · Other expenses: SHOP EQUIPMENT & TOOLS

    total $37,433 · program services $37,433

  • 24e · All other expenses

    total $5,175 · program services $4,241 · management and general $934

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $469,400 · end of year $465,199

  • 4 · Accounts receivable

    beginning of year $164,394 · end of year $235,040

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,679 · end of year $4,351

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

    $3,332,771

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

    $653,967

  • 10c · Land, buildings and equipment, net

    beginning of year $2,742,022 · end of year $2,678,804

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,482 · end of year $73,326

  • 23 · Secured mortgages and notes payable

    beginning of year $1,900,418 · end of year $1,759,357

  • 27 · Net assets without donor restrictions

    beginning of year $1,415,595 · end of year $1,550,711

Mission and programs · 2022

Mission

MADISON AREA SHEET METAL WORKERS EDUCATIONAL TRUST PROVIDES EDUCATIONAL PROGRAMS AND TRAINING FOR APPRENTICES AND JOURNEYMEN IN MADISON, WI AND THE SURROUNDING AREA.

Activities or mission (Part I)

PROVIDE EDUCATIONAL PROGRAMS FOR APPRENTICES AND JOURNEYMEN IN MADISON AND THE SURROUNDING AREA.

  • MADISON AREA SHEET METAL WORKERS EDUCATIONAL TRUST PROVIDED EDUCATIONAL PROGRAMS AND TRAINING FOR APPRENTICES AND JOURNEYMEN SHEET METAL WORKERS DURING THE YEAR.

    Expenses $1,014,304 · Revenue $1,307,648

As filed on the 2022 return.

Listed in Part VII

  • Gary Hunter

    TRUSTEE

    Total calculated
    $17,634
    From this org
    $17,634
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brad Werlein

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott Bartz

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marcus Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Hinz

    TRAINING COORDINATOR

    Total calculated
    $172,625
    From this org
    $110,117
    From related orgs
    $0
    Other
    $62,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,117
    Bonus
    $0
    Other
    $0
    Deferred
    $40,512
    Nontaxable benefits
    $21,996
    Filer's total
    $172,625

  • Brian Neumaier

    SHEET METAL INSTRUCTOR

    Total calculated
    $164,660
    From this org
    $102,152
    From related orgs
    $0
    Other
    $62,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,152
    Bonus
    $0
    Other
    $0
    Deferred
    $40,512
    Nontaxable benefits
    $21,996
    Filer's total
    $164,660

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
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
31 May 2024
IRS schema version
2022v5.0
Source object
202421529349301412

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