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← SHEET METAL WORKERS LOCAL 88 JOINT APPRENTICESHIP & TRAINING FUND

Form 990 for tax year 2024

Filed by SHEET METAL WORKERS LOCAL 88 JOINT APPRENTICESHIP & TRAINING FUND.

Totals

Total revenue
$2,554,247
Total expenses
$2,582,475
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,027,782
Investment income
$219,241
Other revenue
$307,224
Total assets, end of year
$15,149,395
Total liabilities, end of year
$4,264,094
Net assets or fund balances, end of year
$10,885,301
Program services expenses (Part IX)
$1,837,321
Management and general expenses
$745,154
Fundraising expenses
$0
Program service expenses (Part III)
$1,837,321

Program services were 71.1% 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: EDUCATION & TRAINING

    total $2,027,782 · related or exempt $2,027,782

  • 3 · Investment income

    total $266,197 · excluded $266,197

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

    other assets $46,956

  • 7c · Gain or loss

    other assets -$46,956

  • 7d · Net gain or loss

    total -$46,956 · related or exempt -$46,956

  • 11a · Other revenue: EXPENSE RECOVERIES

    total $215,003 · related or exempt $215,003

  • 11b · Other revenue: GRANTS

    total $79,173 · related or exempt $79,173

  • 11c · Other revenue: DONATIONS RECEIVED

    total $6,045 · related or exempt $6,045

  • 11d · All other revenue

    total $7,003 · related or exempt $7,003

  • 11e · Other revenue, total

    $307,224

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $229,890 · program services $229,890

  • 7 · Other salaries and wages

    total $623,342 · program services $478,224 · management and general $145,118

  • 8 · Pension plan contributions

    total $92,868 · program services $68,343 · management and general $24,525

  • 9 · Other employee benefits

    total $99,266 · program services $60,318 · management and general $38,948

  • 10 · Payroll taxes

    total $64,099 · program services $51,779 · management and general $12,320

  • 11b · Fees: legal

    total $23,132 · management and general $23,132

  • 11c · Fees: accounting

    total $31,885 · management and general $31,885

  • 11f · Fees: investment management

    total $20,000 · management and general $20,000

  • 11g · Fees: other

    total $35,749 · management and general $35,749

  • 12 · Advertising and promotion

    total $29,371 · program services $29,371

  • 13 · Office expenses

    total $322,320 · management and general $322,320

  • 14 · Information technology

    total $35,139 · management and general $35,139

  • 16 · Occupancy

    total $93,774 · program services $93,774

  • 17 · Travel

    total $13,703 · management and general $13,703

  • 19 · Conferences, conventions and meetings

    total $5,075 · management and general $5,075

  • 20 · Interest

    total $320,717 · program services $320,717

  • 22 · Depreciation, depletion and amortization

    total $209,667 · program services $209,667

  • 23 · Insurance

    total $37,240 · management and general $37,240

  • 24a · Other expenses: SCHOOL SUPPLIES

    total $103,488 · program services $103,488

  • 24b · Other expenses: CSN TUITION FEES

    total $90,766 · program services $90,766

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $66,386 · program services $66,386

  • 24d · Other expenses: TRAINING EXPENSES

    total $34,598 · program services $34,598

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,298,492 · end of year $1,446,913

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

    $13,160,104

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

    $2,289,694

  • 10c · Land, buildings and equipment, net

    beginning of year $6,931,705 · end of year $10,870,410

  • 11 · Investments: publicly traded securities

    beginning of year $4,490,163 · end of year $2,832,072

  • 23 · Secured mortgages and notes payable

    beginning of year $7,000,000 · end of year $4,263,944

  • 25 · Other liabilities

    beginning of year $150 · end of year $150

  • 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 $10,720,210 · end of year $10,885,301

Mission and programs · 2024

Mission

EDUCATION AND TRAINING OF SHEET METAL APPRENTICES.

  • TO PROVIDE CLASSROOM TRAINING AND SHOP EXPERIENCE FOR APPRENTICES AND JOURNEYMAN TO ENSURE THE QUALITY OF WORK OF THE SHEET METAL UNION LOCAL 88.

    Expenses $1,837,321 · Revenue $2,288,050

As filed on the 2024 return.

Listed in Part VII

  • GEREMIAH ROBNETT

    CO-CHAIR - LABOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ANGELO IANNUCCI

    CO-CHAIR - MANAGEMENT

    Total calculated
    $0
    Hours/week
    1

  • ROBERT WITT

    TRUSTEE - MANAGEMENT

    Total calculated
    $0
    Hours/week
    1

  • MANDI WILKINS

    TRUSTEE - MANAGEMENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ALFONSO LOPEZ

    TRUSTEE - LABOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM BENES

    TRUSTEE - LABOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RON SPEIGLE

    TRUSTEE - LABOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ED MILLER

    TRUSTEE - MANAGEMENT

    Total calculated
    $0
    Hours/week
    1

  • EDWARD M ABRAHAM

    TRAINING DIRECTOR

    Total calculated
    $229,890
    From this org
    $141,237
    From related orgs
    $0
    Other
    $88,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,237
    Bonus
    $0
    Other
    $0
    Deferred
    $58,494
    Nontaxable benefits
    $30,159
    Filer's total
    $229,890

  • STEVEN L VANTINE

    EMPLOYEE

    Total calculated
    $193,364
    From this org
    $129,034
    From related orgs
    $0
    Other
    $64,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,034
    Bonus
    $0
    Other
    $0
    Deferred
    $34,171
    Nontaxable benefits
    $30,159
    Filer's total
    $193,364

  • KENNETH BOSKET

    EMPLOYEE

    Total calculated
    $193,364
    From this org
    $129,034
    From related orgs
    $0
    Other
    $64,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,034
    Bonus
    $0
    Other
    $0
    Deferred
    $34,171
    Nontaxable benefits
    $30,159
    Filer's total
    $193,364

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

None.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543149349306269

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