Skip to content
Nonprofiteer
← SHEET METAL WORKERS 40 APPRENTICE AND TRAINING FUND

Form 990 for tax year 2022

Filed by SHEET METAL WORKERS 40 APPRENTICE AND TRAINING FUND.

Totals

Total revenue
$592,255
Total expenses
$466,794
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$583,996
Investment income
$2,329
Other revenue
$5,930
Total assets, end of year
$788,004
Total liabilities, end of year
$16,073
Net assets or fund balances, end of year
$771,931
Program services expenses (Part IX)
$384,408
Management and general expenses
$82,386
Fundraising expenses
$0
Program service expenses (Part III)
$384,408

Program services were 82.4% 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 $583,996 · related or exempt $583,996

  • 3 · Investment income

    total $2,329 · excluded $2,329

  • 11a · Other revenue: MISCELLANOUS INCOME

    total $5,930 · excluded $5,930

  • 11e · Other revenue, total

    $5,930

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $121,196 · program services $121,196

  • 8 · Pension plan contributions

    total $54,889 · program services $54,889

  • 9 · Other employee benefits

    total $34,523 · program services $34,523

  • 10 · Payroll taxes

    total $9,924 · program services $9,924

  • 11b · Fees: legal

    total $14,181 · management and general $14,181

  • 11c · Fees: accounting

    total $8,750 · management and general $8,750

  • 12 · Advertising and promotion

    total $608 · program services $608

  • 13 · Office expenses

    total $18,578 · management and general $18,578

  • 16 · Occupancy

    total $116,307 · program services $116,307

  • 17 · Travel

    total $14,823 · program services $14,823

  • 19 · Conferences, conventions and meetings

    total $3,017 · management and general $3,017

  • 21 · Payments to affiliates

    total $100 · program services $100

  • 22 · Depreciation, depletion and amortization

    total $10,951 · management and general $10,951

  • 23 · Insurance

    total $12,739 · management and general $12,739

  • 24a · Other expenses: CLASS TRAINING SUPPLIES

    total $18,267 · program services $18,267

  • 24b · Other expenses: COST SHARING REIMBURSEM

    total $14,170 · management and general $14,170

  • 24c · Other expenses: TRAINING EXPENSES

    total $7,971 · program services $7,971

  • 24d · Other expenses: APPRENTICESHIP RENEWAL

    total $5,800 · program services $5,800

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $100

  • 2 · Savings and temporary cash investments

    beginning of year $555,479 · end of year $687,806

  • 4 · Accounts receivable

    beginning of year $84,693 · end of year $86,909

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

    $298,686

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

    $290,671

  • 10c · Land, buildings and equipment, net

    beginning of year $17,937 · end of year $8,015

  • 15 · Other assets

    beginning of year $5,174 · end of year $5,174

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,913 · end of year $16,073

  • 27 · Net assets without donor restrictions

    beginning of year $643,243 · end of year $768,662

  • 28 · Net assets with donor restrictions

    beginning of year $3,227 · end of year $3,269

Mission and programs · 2022

Mission

TP PROVIDE TRAINING TO LOCAL 40 SHEET METAL WORKER UNION MEMBERS

Activities or mission (Part I)

TO PROVIDE TRAINING TO LOCAL 40 SHEET METAL WORKERS

  • TO PROVIDE TRAINING AND APPRENTICE PROGRAMS TO JOUNEYPERSONS AND APPRENTICES.

    Expenses $384,408 · Revenue $583,996

As filed on the 2022 return.

Listed in Part VII

  • John M Beal

    LABOR TRUSTEE

    Total calculated
    $1,443
    From this org
    $1,443
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • John Nimmons

    LABOR TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Thompson

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kenneth R Kleeberg

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Joe Ferrucci

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Butler

    LABOR TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Fred Descy

    LABOR TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John Burgess

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jason M Sherman

    TRAINING COORDINATOR

    Total calculated
    $187,983
    From this org
    $101,484
    From related orgs
    $0
    Other
    $86,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,484
    Bonus
    $0
    Other
    $0
    Deferred
    $52,951
    Nontaxable benefits
    $33,548
    Filer's total
    $187,983

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.

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202323039349301462

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

The source document this was parsed from is served over the API, which is where bulk and document access live.