← SHEET METAL WORKERS LOCAL 7 ZONE 3 WELFARE FUND

Form 990 for tax year 2022

Filed by SHEET METAL WORKERS LOCAL 7 ZONE 3 WELFARE FUND.

Totals

Total revenue: $3,311,059
Total expenses: $4,190,147
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $3,302,551
Investment income: $34,624
Other revenue: -$26,116
Total assets, end of year: $1,976,262
Total liabilities, end of year: $543,402
Net assets or fund balances, end of year: $1,432,860
Program services expenses (Part IX): $4,190,147
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $4,190,147

Program services were 100.0% 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.

2a · Program service revenue: Employer contributions

total $2,607,299 · unrelated business $0 · excluded $0
2b · Program service revenue: Employee contributions

total $695,252 · unrelated business $0 · excluded $0
3 · Investment income

total $34,624 · unrelated business $0 · excluded $0
11a · Other revenue: Unrealized depreciation in f

total -$26,116 · related or exempt -$26,116 · unrelated business $0 · excluded $0
11e · Other revenue, total

-$26,116

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $3,952,530 · program services $3,952,530
11b · Fees: legal

total $29,249 · program services $29,249 · management and general $0 · fundraising $0
11c · Fees: accounting

total $10,932 · program services $10,932 · management and general $0 · fundraising $0
11f · Fees: investment management

total $2,701 · program services $2,701 · management and general $0 · fundraising $0
11g · Fees: other

total $135,709 · program services $135,709 · management and general $0 · fundraising $0
13 · Office expenses

total $47,160 · program services $47,160 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $2,463 · program services $2,463 · management and general $0 · fundraising $0
23 · Insurance

total $9,403 · program services $9,403 · management and general $0 · fundraising $0
24a · Other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $461,093 · end of year $515,353
4 · Accounts receivable

beginning of year $220,398 · end of year $277,807
9 · Prepaid expenses and deferred charges

beginning of year $65,033 · end of year $60,586
11 · Investments: publicly traded securities

beginning of year $1,120,825 · end of year $1,122,516
17 · Accounts payable and accrued expenses

beginning of year $672,402 · end of year $543,402
31 · Retained earnings, endowment or other funds

beginning of year $1,194,947 · end of year $1,432,860

Mission and programs · 2022

Mission

To provide health care benefits under a multi-employer collectively bargained plan.

Expenses used to provide and admininster health care benefits to approximately 380 participants.

Expenses $4,190,147 · Revenue $3,311,059

As filed on the 2022 return.

Listed in Part VII

Travis Eastman

Trustee

Total calculated

$0

Hours/week

1

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$0
Wayne Stover

Trustee

Total calculated

$0

Hours/week

1

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$0
Clay Cooke

Trustee

Total calculated

$0

Hours/week

1
Kevin Wendling

Trustee

Total calculated

$0

Hours/week

1
Chris McFarland

Trustee

Total calculated

$0

Hours/week

1
Chris Stockwell

Trustee

Total calculated

$0

Hours/week

1
Sue Leitelt

Trustee

Total calculated

$0

Hours/week

1
Robert Adams

Trustee

Total calculated

$0

Hours/week

1
Joseph Dotson

Trustee

Total calculated

$0

Hours/week

1
John Amalfitano

Trustee

Total calculated

$0

Hours/week

1

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

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.

Sheet Metal Apprentice Fund

501 (C)5
Sheet Metal Workers Local 7

501(C)5

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.

Wendling Sheet Metal

C · 0% owned
Wendling Sheet Metal Tennessee

C · 0% owned
Exterior Metals

C · 0% owned
A & B Plumbing & Heating

C · 0% owned
Dee Cramer Inc

C · 0% owned
Cooke Sheet Metal Inc

S · 0% owned
National Roofing & Sheet Metal

C · 0% owned
K & R Metal Engineers Corp

C · 0% owned
RBI Mechanical Inc

S · 0% owned
Smillie Plumbing & Heating Inc

S · 0% owned
Hurst Inc

C · 0% owned
Warren Systems Inc

S · 0% owned
Allied Mechanical Services

S · 0% owned
Hi-Tech Test & Balance

S · 0% owned
ATI Group

S · 0% owned
Best Impressions Inc

C · 0% owned
Atlantic Plant Maintenance

C · 0% owned
ACKlopf

C · 0% owned
Progressive Installers Inc

S · 0% owned
Traverse Bay Roofing Co

C · 0% owned
Bauer Sheet Metal

C · 0% owned
Custom Engineering Ind

C · 0% owned
West Bay Sheet Metal Inc

C · 0% owned
Stafford Smith Inc

C · 0% owned
US Sheet Metal Inc

C · 0% owned
Universal Air

C · 0% owned
Ceco Environmental Corp

C · 0% owned
Morris Sheet Metal

C · 0% owned
Sheet Metal Works Unlimited

C · 0% owned
API Construction Company

C · 0% owned
MJ Mechanical Inc

C · 0% owned
S & Z Sheet Metal

C · 0% owned
Saginaw Valley Metal Works

C · 0% owned
Suburban Mechanical

C · 0% owned
TweetGarot Mechanical Inc

C · 0% owned

Provenance

Return type: form_990
Tax year: 2022
Filed: 10 August 2023
IRS schema version: 2022v5.0
Source object: 202400609349301205

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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