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← SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL 48

Form 990 for tax year 2023

Filed by SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL 48.

Totals

Total revenue
$3,389,916
Total expenses
$3,330,649
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,135,240
Investment income
$62,281
Other revenue
$192,395
Total assets, end of year
$4,995,799
Total liabilities, end of year
$70,247
Net assets or fund balances, end of year
$4,925,552
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $2,356,639 · related or exempt $2,356,639

  • 2b · Program service revenue: RECIPROCAL & SASMI INCOME

    total $730,073 · related or exempt $730,073

  • 2c · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $48,528 · related or exempt $48,528

  • 3 · Investment income

    total $125,434 · related or exempt $125,434

  • 7a · Gross sales of assets other than inventory

    securities $1,962,844

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

    securities $2,025,997

  • 7c · Gain or loss

    securities -$63,153

  • 7d · Net gain or loss

    total -$63,153 · related or exempt -$63,153

  • 11a · Other revenue: FORMULARY REBATES

    total $181,265 · related or exempt $181,265

  • 11b · Other revenue: STOP LOSS REIMBURSEMENTS

    total $9,572 · related or exempt $9,572

  • 11c · Other revenue: LITIGATION PROCEEDS

    total $1,558 · related or exempt $1,558

  • 11e · Other revenue, total

    $192,395

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,929,954

  • 11a · Fees: management

    total $76,800

  • 11b · Fees: legal

    total $11,570

  • 11c · Fees: accounting

    total $13,750

  • 11f · Fees: investment management

    total $16,689

  • 11g · Fees: other

    total $38,136

  • 13 · Office expenses

    total $5,245

  • 19 · Conferences, conventions and meetings

    total $1,787

  • 23 · Insurance

    total $8,909

  • 24a · Other expenses: BLUE CROSS RETENTION

    total $203,824

  • 24b · Other expenses: RXBENEFITS FEE

    total $17,917

  • 24c · Other expenses: EMPLOYEE ASSIST PROGRAM

    total $2,820

  • 24d · Other expenses: PCORI TAX

    total $1,284

  • 24e · All other expenses

    total $1,964

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $414,050 · end of year $225,463

  • 4 · Accounts receivable

    beginning of year $386,303 · end of year $519,719

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,131 · end of year $6,941

  • 11 · Investments: publicly traded securities

    beginning of year $3,821,849 · end of year $4,243,676

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,886 · end of year $70,247

  • 29 · Capital stock, trust principal or current funds

    beginning of year $4,565,446 · end of year $4,925,552

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1

Mission and programs · 2023

Mission

PROVIDES HEALTH CARE BENEFITS TO PLAN PARTICIPANTS AND THEIR DEPENDENTS

  • THE FUND PROVIDES HEALTH CARE BENEFITS TO PLAN PARTICIPANTS AND THEIR BENEFICIARIES - APPROXIMATELY 231 MEMBERS SERVED

As filed on the 2023 return.

Listed in Part VII

  • Johnathan Atchison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robert Bohannan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joshua Hunter

    TRUSTEE - PA

    Total calculated
    $0
    Hours/week
    2

  • William Strickland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Todd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Daniel Walden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrew White

    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.

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
2023
Filed
26 September 2024
IRS schema version
2023v5.0
Source object
202402709349301205

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