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← SHEET METAL LOCAL 10 CONTROL BOARD TRUST FUND

Form 990 for tax year 2024

Filed by SHEET METAL LOCAL 10 CONTROL BOARD TRUST FUND.

Totals

Total revenue
$1,422,881
Total expenses
$1,272,878
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,288,901
Investment income
$133,980
Other revenue
$0
Total assets, end of year
$3,203,223
Total liabilities, end of year
$1,311,890
Net assets or fund balances, end of year
$1,891,333
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: ADMIN SERVICE FEES

    total $1,255,020 · related or exempt $1,255,020

  • 2b · Program service revenue: FEES AND DAMAGES

    total $33,881 · related or exempt $33,881

  • 3 · Investment income

    total $146,328 · excluded $146,328

  • 7a · Gross sales of assets other than inventory

    securities $21,328

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

    securities $33,676

  • 7c · Gain or loss

    securities -$12,348

  • 7d · Net gain or loss

    total -$12,348 · excluded -$12,348

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $483,528

  • 9 · Other employee benefits

    total $352,200

  • 10 · Payroll taxes

    total $38,287

  • 11a · Fees: management

    total $20,633

  • 11b · Fees: legal

    total $50,952

  • 11c · Fees: accounting

    total $28,875

  • 12 · Advertising and promotion

    total $14,040

  • 13 · Office expenses

    total $155,206

  • 14 · Information technology

    total $39,049

  • 16 · Occupancy

    total $39,226

  • 19 · Conferences, conventions and meetings

    total $16,554

  • 22 · Depreciation, depletion and amortization

    total $15,131

  • 23 · Insurance

    total $16,697

  • 24a · Other expenses: MEMBERSHIP DUES

    total $2,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,226,184 · end of year $1,579,414

  • 2 · Savings and temporary cash investments

    beginning of year $1,641,688 · end of year $1,484,774

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

    $559,193

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

    $420,158

  • 10c · Land, buildings and equipment, net

    beginning of year $92,653 · end of year $139,035

  • 25 · Other liabilities

    beginning of year $1,219,195 · end of year $1,311,890

  • 27 · Net assets without donor restrictions

    beginning of year $1,741,330 · end of year $1,891,333

Mission and programs · 2024

Mission

TO PROVIDE ADMINISTRATIVE SERVICES FOR AFFILIATED BENEFIT PLANS

Activities or mission (Part I)

TO PROVIDE ADMINISTRATIVE SERVICES

  • COLLECT CONTRIBUTIONS DUE TO AFFILIATED BENEFIT PLANS FROM PARTICIPATING EMPLOYERS AND MAKE PAYMENT TO THE PLANS AS REQUIRED BY THE COLLECTIVE BARGAINING AGREEMENT.

As filed on the 2024 return.

Listed in Part VII

  • Matt Fairbanks

    TRUSTEE - CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Jason Damman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Colin Beere

    TRUSTEE - ALTERNATE

    Total calculated
    $0
    Hours/week
    1

  • John Quarnstrom

    TRUSTEE - SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Andy Graham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Casey Meinhardt

    TRUSTEE- ALTERNATE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Sheila Rice

    ADMINISTRATOR

    Total calculated
    $209,038
    From this org
    $142,935
    From related orgs
    $0
    Other
    $66,103
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,935
    Bonus
    $0
    Other
    $0
    Deferred
    $38,735
    Nontaxable benefits
    $27,368
    Filer's total
    $209,038

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS DETERMINED BASED ON THE SAME PACKAGE THAT BUSINESS AGENTS RECEIVE, PLUS ADDITIONAL HOURS PER WEEK, WHICH IS BASED ON THE GENERAL FOREMAN METRO SCALE.

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 LOCAL 10 SUPPLEMENTAL RETIREMENT FUND

    401(A) · TO PROVIDE SUPPLEMENTAL RETIREMENT BENEFITS · MN

  • SHEET METAL 10 PENSION FUND

    401(A) · TO PROVIDE PENSION BENEFITS · MN

  • SHEET METAL 10 BENEFIT FUND

    501(C)(9) · TO PROVIDE HEALTH BENEFITS · MN

  • SHEET METAL 10 SAFE FUND

    501(C)(9) · TO PROVIDE BENEFITS DURING FINANCIAL EMERGENCIES. · MN

  • SHEET METAL LMC WORKERS SMARCA JT LABOR MGMT COOP TRUST

    501(C)(5) · TO PROMOTE SHEET METAL INDUSTRY · MN

  • METRO AREA SHEET METAL JATC ( METROPOLITAN SHEET METAL JOURNEYMAN AND APPRE

    501(C)(3) · TRAINING PROGRAMS FOR SHEET METAL WORKERS · MN

Provenance

Return type
form_990
Tax year
2024
Filed
20 April 2026
IRS schema version
2024v5.5
Source object
202611199349301306

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