Form 990 for tax year 2023
Filed by METROPOLITAN SHEET METAL JOURNEYMAN AND APPRENTICE TRAINING TRUST FUND.
Totals
- Total revenue
- $2,009,342
- Total expenses
- $1,680,533
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,914,710
- Investment income
- $69,996
- Other revenue
- $24,636
- Total assets, end of year
- $6,704,194
- Total liabilities, end of year
- $855,529
- Net assets or fund balances, end of year
- $5,848,665
- Program services expenses (Part IX)
- $1,680,533
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,680,533
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 $1,617,760 · related or exempt $1,617,760
-
2b · Program service revenue: GRANTS AND REIMBURSEMENTS
total $169,101 · related or exempt $169,101
-
2c · Program service revenue: TUITIONS FORTFEITURES
total $93,288 · related or exempt $93,288
-
2d · Program service revenue: SALES OF SUPPLIES
total $22,681 · related or exempt $22,681
-
2e · Program service revenue: ABSENCE ASSESMENTS
total $9,880 · related or exempt $9,880
-
2f · All other program service revenue
total $2,000 · related or exempt $2,000
-
3 · Investment income
total $68,252 · excluded $68,252
-
7a · Gross sales of assets other than inventory
securities $1,684,358
-
7b · Less cost or other basis and sales expenses
securities $1,682,614
-
7c · Gain or loss
securities $1,744
-
7d · Net gain or loss
total $1,744 · excluded $1,744
-
11a · Other revenue: MISCELLANEOUS INCOME
total $24,636 · related or exempt $24,636
-
11e · Other revenue, total
$24,636
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $672,423 · program services $672,423
-
9 · Other employee benefits
total $348,742 · program services $348,742
-
10 · Payroll taxes
total $51,938 · program services $51,938
-
11b · Fees: legal
total $3,433 · program services $3,433
-
11c · Fees: accounting
total $19,000 · program services $19,000
-
11g · Fees: other
total $7,917 · program services $7,917
-
13 · Office expenses
total $46,026 · program services $46,026
-
14 · Information technology
total $31,311 · program services $31,311
-
16 · Occupancy
total $100,380 · program services $100,380
-
19 · Conferences, conventions and meetings
total $32,247 · program services $32,247
-
20 · Interest
total $9,645 · program services $9,645
-
22 · Depreciation, depletion and amortization
total $187,426 · program services $187,426
-
23 · Insurance
total $37,829 · program services $37,829
-
24a · Other expenses: TRAINING MATERIALS AND
total $100,023 · program services $100,023
-
24b · Other expenses: GRADUATION
total $21,633 · program services $21,633
-
24c · Other expenses: APPRENTICE CONTEST
total $10,560 · program services $10,560
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,465,326 · end of year $2,626,953
-
4 · Accounts receivable
beginning of year $133,873 · end of year $139,785
-
9 · Prepaid expenses and deferred charges
beginning of year $39,633 · end of year $33,298
-
10a · Land, buildings and equipment: cost or other basis
$6,577,139
-
10b · Land, buildings and equipment: accumulated depreciation
$2,855,978
-
10c · Land, buildings and equipment, net
beginning of year $3,709,814 · end of year $3,721,161
-
11 · Investments: publicly traded securities
beginning of year $169,896 · end of year $182,997
-
17 · Accounts payable and accrued expenses
beginning of year $65,810 · end of year $50,166
-
23 · Secured mortgages and notes payable
beginning of year $333,969 · end of year $296,853
-
25 · Other liabilities
beginning of year $605,870 · end of year $508,510
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $5,512,893 · end of year $5,848,665
Mission and programs · 2023
Mission
TO PROVIDE TRAINING FOR JOURNEYMAN, APPPRENTICES, AND OTHERS WORKING IN THE SHEET METAL WORKERS PROFESSION.
Activities or mission (Part I)
TRAINING PROGRAMS FOR SHEET METAL WORKERS
-
TO FORMULATE AN APPRENTICESHIP PROGRAM FOR THE TRAINING AND EDUCATION OF APPRENTICES, INCLUDING ALL NECESSARY RULES AND REGULATIONS GOVERNING THE ELIGIBILITY, REGISTRATION, EDUCATION, TRANSFER, WAGES, HOURS AND WORKING CONDITIONS OF APPRENTICES.
Expenses $1,680,533 · Revenue $1,939,346
As filed on the 2023 return.
Listed in Part VII
-
Michael McGrathMICHAEL MCGRATH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Eric OlsonERIC OLSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Blake ParsonsBLAKE PARSONS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John QuarnstromJOHN QUARNSTROM
TRUSTEE, SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Dave VogelDAVE VOGEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John ChaseJOHN CHASE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jason DammanJASON DAMMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Matt FairbanksMATT FAIRBANKS
TRUSTEE, CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Mike GibbonsMIKE GIBBONS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Brad KathBRAD KATH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ben SemlakBEN SEMLAK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Cory NelsonCORY NELSON
TRAINING COORDINATOR
- Total calculated
- $169,117
- From this org
- $113,525
- From related orgs
- $0
- Other
- $55,592
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $113,525
- Bonus
- $0
- Other
- $0
- Deferred
- $32,327
- Nontaxable benefits
- $23,265
- Filer's total
- $169,117
-
Donoven ChaseDONOVEN CHASE
INSTRUCTOR
- Total calculated
- $173,939
- From this org
- $113,804
- From related orgs
- $0
- Other
- $60,135
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $113,804
- Bonus
- $0
- Other
- $0
- Deferred
- $34,969
- Nontaxable benefits
- $25,166
- Filer's total
- $173,939
-
Richard VentrelliRICHARD VENTRELLI
INSTRUCTOR
- Total calculated
- $169,006
- From this org
- $110,568
- From related orgs
- $0
- Other
- $58,438
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $110,568
- Bonus
- $0
- Other
- $0
- Deferred
- $33,982
- Nontaxable benefits
- $24,456
- Filer's total
- $169,006
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
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423129349301522
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