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← SHEET METAL WORKERS LOCAL UNION NO 80 INSURANCE TRUST FUND

Form 990 for tax year 2022

Filed by SHEET METAL WORKERS LOCAL UNION NO 80 INSURANCE TRUST FUND.

Totals

Total revenue
$20,730,621
Total expenses
$23,504,803
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$20,156,115
Investment income
$294,588
Other revenue
$279,918
Total assets, end of year
$25,565,027
Total liabilities, end of year
$12,616,146
Net assets or fund balances, end of year
$12,948,881
Program services expenses (Part IX)
$22,101,364
Management and general expenses
$1,403,439
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 94.0% 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 $18,334,414 · related or exempt $18,334,414

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $1,821,701 · related or exempt $1,821,701

  • 3 · Investment income

    total $510,154 · excluded $510,154

  • 7a · Gross sales of assets other than inventory

    securities $6,646,773

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

    securities $6,862,339

  • 7c · Gain or loss

    securities -$215,566

  • 7d · Net gain or loss

    total -$215,566 · related or exempt -$215,566

  • 11a · Other revenue: OTHER

    total $279,918 · related or exempt $279,918

  • 11e · Other revenue, total

    $279,918

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $22,101,364 · program services $22,101,364

  • 11a · Fees: management

    total $993,579 · management and general $993,579

  • 11b · Fees: legal

    total $48,323 · management and general $48,323

  • 11c · Fees: accounting

    total $20,250 · management and general $20,250

  • 11f · Fees: investment management

    total $130,182 · management and general $130,182

  • 11g · Fees: other

    total $111,960 · management and general $111,960

  • 13 · Office expenses

    total $81,428 · management and general $81,428

  • 19 · Conferences, conventions and meetings

    total $1,785 · management and general $1,785

  • 23 · Insurance

    total $14,412 · management and general $14,412

  • 24a · Other expenses: MEMBERSHIP DUES

    total $1,520 · management and general $1,520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,725,834 · end of year $1,006,475

  • 2 · Savings and temporary cash investments

    beginning of year $578,746 · end of year $393,174

  • 4 · Accounts receivable

    beginning of year $1,381,499 · end of year $1,564,444

  • 8 · Inventories for sale or use

    end of year $360,673

  • 9 · Prepaid expenses and deferred charges

    beginning of year $539,588

  • 11 · Investments: publicly traded securities

    beginning of year $23,358,167 · end of year $22,240,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $626,365 · end of year $673,634

  • 19 · Deferred revenue

    beginning of year $12,288 · end of year $14,512

  • 25 · Other liabilities

    beginning of year $10,861,000 · end of year $11,928,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,084,181 · end of year $12,948,881

Mission and programs · 2022

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS, AND THEIR DEPENDENTS.

  • TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS, AND THEIR DEPENDENTS.

As filed on the 2022 return.

Listed in Part VII

  • Timothy Mulligan

    CHAIRMAN

    Total calculated
    $212,238
    From this org
    $0
    From related orgs
    $158,015
    Other
    $54,223
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $158,015 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $54,223 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $212,238 related

  • Eric McPherson

    TRUSTEE

    Total calculated
    $210,086
    From this org
    $0
    From related orgs
    $140,404
    Other
    $69,682
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $140,404 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $69,682 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $210,086 related

  • David Hartsuck

    TRUSTEE

    Total calculated
    $193,475
    From this org
    $0
    From related orgs
    $141,073
    Other
    $52,402
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $141,073 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $52,402 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $193,475 related

  • Bryan McConnell

    TRUSTEE

    Total calculated
    $192,839
    From this org
    $0
    From related orgs
    $141,397
    Other
    $51,442
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $141,397 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $51,442 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $192,839 related

  • David Karl

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Rick Mead

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Dawn Norris-Senopole

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Ian Switalski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 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

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.

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.

  • ADVANTAGE MECHANICAL GROUP

  • AIR SOLUTIONS INC

  • AIRFLOW TESTING INC

  • ALLIANCE AIR CONDITIONING & HEATING

  • ALLIED VENTILATION INC

  • API CONSTRUCTION SPECIALTY

  • APPLEGATE INC

  • AUGUST WINTER & SONS

  • BARMATIC INSPECTING COMPANY

  • BARON MECHANICAL CONTRACTORS

  • BEST IMPRESSIONS INC

  • BIM DESIGNS INC

  • BLOOM ROOFING SYSTEMS INC

  • BRANDSAFWAY INDUSTRIES

  • BUMLER MECHANICAL INC

  • CASS

  • CDP ENVIRONMENTAL INC

  • CEI MICHIGAN LLC

  • CMR MECHANICAL LLC

  • CHRISTEN DETROIT

  • COMPLETE MECHANICAL CONT

  • CONQUEST MANUFACTURING LLC

  • CONTI MECHANICAL INC

  • CORE MECHANICAL

  • CROWN CORR INC

  • CURBS & DAMPER

  • DANBOISE MECHANICAL

  • DE-CAL INC

  • DEE CRAMER INC

  • DETROIT CORNICE & SLATE CO

  • EW ENSROTH COMPANY

  • ECKER MECHANICAL CONTRACTORS

  • ENVIRO-AIRE INC

  • ENCLOSURE SOLUTIONS & FAB

  • ENVIRONMENTAL TESTING SERVICES

  • ERV EHLERS COMPANY

  • FM SYLVAN INC

  • FORCED AIR SYSTEMS INC

  • GOYETTE MECHANICAL

  • GREAT LAKES HOTEL SUPPLY COMPANY

  • HM WHITE LLC

  • HALEY MECHANICAL INC

  • HERITAGE MECHANICAL

  • HILTON VENTILATION

  • INTERNATIONAL TEST & BALANCE

  • J & J METAL PRODUCTS

  • JD CANDLER ROOFING CO INC

  • JOHNSON CONTROLS INC

  • LADUKE CORPORATION

  • LIBERTY SHEET METAL

  • LIMBACH COMPANY

  • LONG MECHANICAL

  • LYON MECHANICAL INC

  • MW MORSS ROOFING

  • MACOMB HEATING & COOLING

  • MARTINEZ MECHANICAL INC

  • MCM STAINLESS FABRICATING INC

  • MCSHANE MECHANICAL CONTRACTING

  • MECHANICAL DESIGN & INSTALLATION

  • MECHANICAL SHEET METAL

  • METRO AIR INC

  • METRO CONTROLS INC

  • MJ MECHANICAL

  • MOTOR CITY BIM

  • NEWTON & CRANE INC

  • NORTH ROOFING

  • QUALITY ROOFING & SHEET METAL

  • RE LEGGETTE COMPANY

  • RW MEAD & SONS INC

  • RENE VANASSCHE & SONS COMPANY

  • ROBERTSON-MORRISON INC

  • ROYAL ROOFING COMPANY INC

  • ROYAL-WEST ROOFING & SHEET METAL

  • S & Z SHEET METAL

  • SANI-VAC SERVICES INC

  • SCHENA ROOFING & SHEET METAL CO

  • SCHREIBER CORPORATION

  • SDI EXTERIOR SYSTEMS LLC

  • SET DUCT MANUFACTURING INC

  • SUMMIT ROOFING LLC

  • SYSTEMP CORP

  • TF BECK

  • TEMPCO MECHANICAL CONTRACTORS

  • TOTAL FLOW CONTROL

  • UNIVERSAL WALL SYSTEMS INC

  • VENTCON INC

  • VM DUCT SERVICES LLC

  • WJ O'NEIL COMPANY

  • WEBB MECHANICAL & ELECTRICAL

  • WITT MECHANICAL INC

Provenance

Return type
form_990
Tax year
2022
Filed
12 April 2024
IRS schema version
2022v5.0
Source object
202441079349300324

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