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← SHEET METAL WORKERS WELFARE FUND LOCAL UNION NO 85

Form 990 for tax year 2023

Filed by SHEET METAL WORKERS WELFARE FUND LOCAL UNION NO 85.

Totals

Total revenue
$16,037,467
Total expenses
$14,614,195
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,210,227
Investment income
$490,063
Other revenue
$337,177
Total assets, end of year
$8,248,228
Total liabilities, end of year
$111,925
Net assets or fund balances, end of year
$8,136,303
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 $14,828,672 · related or exempt $14,828,672

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $381,555 · related or exempt $381,555

  • 3 · Investment income

    total $397,142 · excluded $397,142

  • 7a · Gross sales of assets other than inventory

    securities $6,042,027

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

    securities $5,949,106

  • 7c · Gain or loss

    securities $92,921

  • 7d · Net gain or loss

    total $92,921 · excluded $92,921

  • 11a · Other revenue: FORMULARY REBATES

    total $229,673 · related or exempt $229,673

  • 11b · Other revenue: INSURANCE EXPERIENCE CREDIT A

    total $56,115 · related or exempt $56,115

  • 11c · Other revenue: SUBROGATION REFUNDS

    total $32,976 · related or exempt $32,976

  • 11d · All other revenue

    total $18,413 · related or exempt $18,413

  • 11e · Other revenue, total

    $337,177

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $13,326,142

  • 10 · Payroll taxes

    total $18,793

  • 11a · Fees: management

    total $292,000

  • 11b · Fees: legal

    total $32,732

  • 11c · Fees: accounting

    total $17,675

  • 11f · Fees: investment management

    total $10,907

  • 11g · Fees: other

    total $432,552

  • 13 · Office expenses

    total $26,218

  • 19 · Conferences, conventions and meetings

    total $6,699

  • 23 · Insurance

    total $397,723

  • 24a · Other expenses: EMPLOYEE ASSISTANCE PROGR

    total $13,220

  • 24b · Other expenses: BANK CHARGES

    total $12,717

  • 24c · Other expenses: FIDUCIARY LIABILITY INSUR

    total $9,891

  • 24d · Other expenses: WAREHOUSE RENTAL EXPENSE

    total $5,765

  • 24e · All other expenses

    total $11,161

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $960,183 · end of year $662,389

  • 2 · Savings and temporary cash investments

    beginning of year $14,928 · end of year $1,105,523

  • 4 · Accounts receivable

    beginning of year $1,311,219 · end of year $1,601,945

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,200 · end of year $11,016

  • 11 · Investments: publicly traded securities

    beginning of year $4,457,650 · end of year $4,867,355

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,149 · end of year $111,925

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,713,031 · end of year $8,136,303

Mission and programs · 2023

Mission

THE PROVISION OF BENEFITS TO PARTICIPANTS.

  • THE PROVISION OF HEALTH, DENTAL, VISION, TEMPORARY DISABILITY, DEATH AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.

As filed on the 2023 return.

Listed in Part VII

  • Chris Airington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James L Jackson III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John A Knox

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Steve Langley

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Ginger D Slaick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jonathan C Sterling

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Matt Stroer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Schuyler Worthey

    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.

  • SHEET METAL WORKERS LOCAL NO 85

  • GEORGIA SHEET METAL WORKERS JATC

  • INTERNATIONAL TRAINING INSTITUTE

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AIR FORCE 1 HVAC LLC

  • BHW METALS LLC

  • CUSTOM SPECIALTY FABRICATION LLC

  • HARRIS MOUNTAIN WEST LLC

  • RICHMOND COUNTY CONSTRUCTORS LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ACTION ELECTRIC COMPANY

  • AIR DATA

  • AMIN SHEET METAL

  • APOLLO SHEET METAL

  • CROWN CORR

  • DAY & ZIMMERMANN

  • DON PARK INCORPORATED

  • EAST COAST METAL SYSTEMS

  • FM SYLVAN

  • HEWITT INDUSTRIAL CONTRACTORS

  • IWR NORTH AMERICA

  • L & H SHEET METAL COMPANY

  • MAXAIR MECHANICAL

  • MCKENNEY'S

  • MECHANICAL SERVICES

  • MIDLAND ENGINEERING COMPANY

  • PERIMETER SHEET METAL COMPANY

  • RF KNOX COMPANY

  • RAY'S METAL WORKS

  • RESEARCH AIR FLO

  • SSM INDUSTRIES

  • TAB SERVICES

  • TENANT MECHANICAL

  • VULCAN INDUSTRIAL

  • WATERS MECHANICAL

  • WESTSIDE TEST & BALANCE

  • WILSON SERVICES

Provenance

Return type
form_990
Tax year
2023
Filed
15 March 2025
IRS schema version
2023v6.0
Source object
202521039349300012

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