Form 990 for tax year 2024
Filed by SHEET METAL WORKERS LOCAL 27 EDUCATIONAL TRUST FUND.
Totals
- Total revenue
- $1,490,923
- Total expenses
- $1,406,168
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,097,941
- Investment income
- -$3,420
- Other revenue
- $396,402
- Total assets, end of year
- $2,062,627
- Total liabilities, end of year
- $281,571
- Net assets or fund balances, end of year
- $1,781,056
- Program services expenses (Part IX)
- $920,120
- Management and general expenses
- $486,048
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $920,120
Program services were 65.4% 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 $1,097,941 · related or exempt $1,097,941
-
3 · Investment income
total $31,339 · excluded $31,339
-
7a · Gross sales of assets other than inventory
securities $787,593
-
7b · Less cost or other basis and sales expenses
securities $822,352
-
7c · Gain or loss
securities -$34,759
-
7d · Net gain or loss
total -$34,759 · excluded -$34,759
-
11a · Other revenue: ALLOCATION TO OTHER FU
total $335,671 · related or exempt $335,671
-
11b · Other revenue: GRANT INCOME
total $29,139 · related or exempt $29,139
-
11c · Other revenue: MISCELLANEOUS INCOME
total $27,402 · related or exempt $27,402
-
11d · All other revenue
total $4,190 · related or exempt $4,190
-
11e · Other revenue, total
$396,402
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $377,738 · program services $377,738
-
7 · Other salaries and wages
total $188,869 · management and general $188,869
-
8 · Pension plan contributions
total $129,469 · program services $129,469
-
9 · Other employee benefits
total $244,492 · program services $87,463 · management and general $157,029
-
10 · Payroll taxes
total $40,141 · program services $26,769 · management and general $13,372
-
11b · Fees: legal
total $31,498 · management and general $31,498
-
11c · Fees: accounting
total $33,264 · management and general $33,264
-
11f · Fees: investment management
total $3,614 · management and general $3,614
-
12 · Advertising and promotion
total $8,100 · program services $8,100
-
13 · Office expenses
total $5,112 · management and general $5,112
-
16 · Occupancy
total $148,984 · program services $129,604 · management and general $19,380
-
17 · Travel
total $4,302 · program services $4,302
-
19 · Conferences, conventions and meetings
total $14,612 · program services $14,612
-
22 · Depreciation, depletion and amortization
total $61,413 · program services $47,813 · management and general $13,600
-
23 · Insurance
total $19,263 · management and general $19,263
-
24a · Other expenses: TOOLS & SUPPLIES
total $81,210 · program services $81,210
-
24b · Other expenses: APPRENTICE CONTEST
total $4,944 · program services $4,944
-
24c · Other expenses: DRUG TESTING
total $4,916 · program services $4,916
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $3,180 · program services $3,180
-
24e · All other expenses
total $1,047 · management and general $1,047
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $732,371 · end of year $438,465
-
2 · Savings and temporary cash investments
beginning of year $103,059 · end of year $36,277
-
4 · Accounts receivable
beginning of year $145,807 · end of year $91,818
-
9 · Prepaid expenses and deferred charges
beginning of year $5,091 · end of year $5,737
-
10a · Land, buildings and equipment: cost or other basis
$1,327,549
-
10b · Land, buildings and equipment: accumulated depreciation
$942,199
-
10c · Land, buildings and equipment, net
beginning of year $337,519 · end of year $385,350
-
11 · Investments: publicly traded securities
beginning of year $644,556 · end of year $949,253
-
15 · Other assets
beginning of year $100,323 · end of year $155,727
-
17 · Accounts payable and accrued expenses
beginning of year $46,424 · end of year $62,825
-
25 · Other liabilities
beginning of year $363,689 · end of year $218,746
-
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 $1,658,613 · end of year $1,781,056
Mission and programs · 2024
Mission
TO PROVIDE EDUCATIONAL PROGRAMS AND INSTRUCTION FOR JOURNEYMEN AND APPRENTICES ACCEPTED INTO THE APPRENTICE PROGRAM.
Activities or mission (Part I)
EDUCATION AND TRAINING OF UNION APPRENTICES AND PARTICIPANTS.
-
THE PURPOSE OF THE FUND IS TO PROVIDE A MANDATORY 5 YEAR CURRICULUM FOR APPRENTICES ACCEPTED INTO THE APPRENTICE PROGRAM AND TO PROVIDE CONTINUING EDUCATION AND INSTRUCTION TO JOURNEYMEN TO ENSURE THAT ALL PARTICIPANTS HAVE THE BEST POSSIBLE TRAINING.
Expenses $920,120 · Revenue $1,494,343
As filed on the 2024 return.
Listed in Part VII
-
Thomas DebartoloTHOMAS DEBARTOLO
UNION TRUSTEE
- Total calculated
- $335,760
- From this org
- $0
- From related orgs
- $209,460
- Other
- $126,300
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $209,460 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $91,668 related
- Nontaxable benefits
- $0 + $34,632 related
- Filer's total
- $0 + $335,760 related
-
Johnnie WhittingtonJOHNNIE WHITTINGTON
UNION TRUSTEE
- Total calculated
- $288,779
- From this org
- $0
- From related orgs
- $169,396
- Other
- $119,383
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $169,396 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $84,751 related
- Nontaxable benefits
- $0 + $34,632 related
- Filer's total
- $0 + $288,779 related
-
Mike KolbasowskiMIKE KOLBASOWSKI
UNION TRUSTEE
- Total calculated
- $288,772
- From this org
- $0
- From related orgs
- $169,396
- Other
- $119,376
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $169,396 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $84,744 related
- Nontaxable benefits
- $0 + $34,632 related
- Filer's total
- $0 + $288,772 related
-
Andy RikerANDY RIKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gerard EzyskeGERARD EZYSKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gerard Hogan IIIGERARD HOGAN III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris GeorgeCHRIS GEORGE
FUND ADMINISTRATOR
- Total calculated
- $339,967
- From this org
- $188,869
- From related orgs
- $0
- Other
- $151,098
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,869
- Bonus
- $0
- Other
- $0
- Deferred
- $62,625
- Nontaxable benefits
- $88,473
- Filer's total
- $339,967
-
John EspinosJOHN ESPINOS
TRAINING DIRECTOR
- Total calculated
- $344,186
- From this org
- $188,869
- From related orgs
- $0
- Other
- $155,317
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,869
- Bonus
- $0
- Other
- $0
- Deferred
- $66,844
- Nontaxable benefits
- $88,473
- Filer's total
- $344,186
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.
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 UNION 27
501C(5) · TO PROMOTE THE INTERESTS OF ITS MEMBERS · NJ
-
SHEET METAL WORKERS LOCAL 27 ANNUITY FUND
401(A) · TO PROVIDE ANNUITY BENEFITS TO MEMBERS · NJ
-
SHEET METAL WORKERS LOCAL 27 HEALTH & WELFARE FUND
501C(9) · TO PROVIDE HEALTH WELFARE BENEFITS TO MEMBERS · NJ
-
SHEET METAL WORKERS LOCAL 27 SUPPLEMENTAL UNEMPLOYMENT FUND
501C(9) · TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS FOR ITS MEMBERS. · NJ
-
SHEET METAL WORKERS LOCAL 27 PAC FUND
527 · TO PROVIDE CONTRIBUTIONS TO CANDIDATES THAT SUPPORT UNION LABOR · NJ
-
SHEET METAL WORKERS LOCAL 27 CLUB FUND
501C(7) · TO PROMOTE HARMONY AND GOODWILL THROUGHOUT THE MEMBERSHIP · NJ
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533199349303163
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