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← SHEET METAL WORKERS LOCAL 63-EDUCATIONAL FUND

Form 990 for tax year 2023

Filed by SHEET METAL WORKERS LOCAL 63-EDUCATIONAL FUND.

Totals

Total revenue
$752,406
Total expenses
$725,704
Contributions and grants received
$688,449
Grants paid
$0
Program service revenue
$0
Investment income
$32,886
Other revenue
$31,071
Total assets, end of year
$1,689,204
Total liabilities, end of year
$37,474
Net assets or fund balances, end of year
$1,651,730
Program services expenses (Part IX)
$536,266
Management and general expenses
$189,438
Fundraising expenses
$0
Program service expenses (Part III)
$536,266

Program services were 73.9% 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.

  • 1f · All other contributions, gifts and grants

    $688,449

  • 3 · Investment income

    total $32,886 · unrelated business $0 · excluded $32,886

  • 6a · Gross rents

    real property $21,916

  • 6c · Rental income or loss

    real property $21,916

  • 6d · Net rental income or loss

    total $21,916 · related or exempt $21,916

  • 11d · All other revenue

    total $9,155 · related or exempt $9,155 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $9,155

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $301,695 · program services $232,276 · management and general $69,419 · fundraising $0

  • 9 · Other employee benefits

    total $147,582 · program services $110,899 · management and general $36,683 · fundraising $0

  • 10 · Payroll taxes

    total $26,990 · program services $20,780 · management and general $6,210 · fundraising $0

  • 11c · Fees: accounting

    total $13,354 · program services $0 · management and general $13,354 · fundraising $0

  • 12 · Advertising and promotion

    total $4,452 · program services $4,452 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $22,680 · program services $3,858 · management and general $18,822 · fundraising $0

  • 16 · Occupancy

    total $32,018 · program services $20,029 · management and general $11,989 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $12,989 · program services $12,989 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $37,789 · program services $37,789 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $22,971 · program services $22,971 · management and general $0 · fundraising $0

  • 24a · Other expenses: SCHOOL SUPPLIES & EXPENSE

    total $38,707 · program services $38,707 · management and general $0 · fundraising $0

  • 24b · Other expenses: APPRENTICE CONTEST & BANQUET

    total $25,801 · program services $25,801 · management and general $0 · fundraising $0

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $36,176 · program services $3,215 · management and general $32,961 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $2,500 · program services $2,500 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,867 · end of year $158,430

  • 2 · Savings and temporary cash investments

    beginning of year $763,262 · end of year $796,047

  • 7 · Other notes and loans receivable

    beginning of year $51,611 · end of year $23,015

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,088 · end of year $63,160

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

    $1,602,319

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

    $953,942

  • 10c · Land, buildings and equipment, net

    beginning of year $629,433 · end of year $648,377

  • 15 · Other assets

    beginning of year $175 · end of year $175

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,408 · end of year $37,474

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,625,028 · end of year $1,651,730

Mission and programs · 2023

Mission

TO PROVIDE EDUCATIONAL BENEFITS FOR ALL APPRENTICES AND MEMBERS BY ACQUIRING THE NECESSARY PREMISES, FACILITIES, BOOKS, PAMPHLETS, SUPPLIES, ALONG WITH THE NECESSARY EQUIPMENT

  • OPERATE TRAINING PROGRAMS FOR SHEET METAL APPRENTICES AND OTHER UNION AND NON-UNION MEMBERS.

    Expenses $536,266 · Revenue $752,406

As filed on the 2023 return.

Listed in Part VII

  • DAVE POWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL LAFLEUR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFF ROY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.75

  • BEN HYLTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • EDWARD O'KEEFE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN KENDALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
17 April 2025
IRS schema version
2023v6.0
Source object
202541209349301149

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