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← SHEET METAL NO 10 BENEFIT FUND

Form 990 for tax year 2022

Filed by SHEET METAL NO 10 BENEFIT FUND.

Totals

Total revenue
$65,914,869
Total expenses
$60,979,375
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$63,366,676
Investment income
$2,548,193
Other revenue
$0
Total assets, end of year
$76,849,571
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$76,849,571
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: EMPLOYER CONTRIBUTIONS

    total $51,482,356 · related or exempt $51,482,356

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $7,857,920 · related or exempt $7,857,920

  • 2c · Program service revenue: PRESCRIPTION DRUG REBATES

    total $2,114,307 · related or exempt $2,114,307

  • 2d · Program service revenue: STOP LOSS REFUNDS

    total $1,912,093 · related or exempt $1,912,093

  • 3 · Investment income

    total $1,572,291 · excluded $1,572,291

  • 7a · Gross sales of assets other than inventory

    securities $12,836,881

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

    securities $11,860,979

  • 7c · Gain or loss

    securities $975,902

  • 7d · Net gain or loss

    total $975,902 · excluded $975,902

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $60,117,745

  • 5 · Compensation of officers, directors and key employees

    total $6,113

  • 11a · Fees: management

    total $533,268

  • 11b · Fees: legal

    total $85,901

  • 11c · Fees: accounting

    total $20,700

  • 11f · Fees: investment management

    total $61,104

  • 11g · Fees: other

    total $72,740

  • 13 · Office expenses

    total $25,387

  • 19 · Conferences, conventions and meetings

    total $22,489

  • 23 · Insurance

    total $9,825

  • 24a · Other expenses: FEES MANDATED BY ACA

    total $19,103

  • 24b · Other expenses: SUBSCRIPTION AND DUES

    total $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$118,595 · end of year -$74,529

  • 2 · Savings and temporary cash investments

    beginning of year $2,347,251 · end of year $5,623,229

  • 11 · Investments: publicly traded securities

    beginning of year $69,655,644 · end of year $59,976,765

  • 12 · Investments: other securities

    beginning of year $10,033,966 · end of year $11,324,106

  • 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 $81,918,266 · end of year $76,849,571

Mission and programs · 2022

Mission

PAYMENT OF HEALTH, PRESCRIPTION DRUGS, LIFE, DENTAL, VISION AND DISABILITY BENEFITS FOR PARTICIPANTS AND DEPENDENTS.

Activities or mission (Part I)

TO PROVIDE HEALTH BENEFITS

  • PROVIDE SELF-FUNDED AND INSURED BENEFITS FOR APPROXIMATELY 3,082 UNION MEMBERS AND THEIR DEPENDENTS.

As filed on the 2022 return.

Listed in Part VII

  • Matt Fairbanks

    CHAIRMAN

    Total calculated
    $265,765
    From this org
    $0
    From related orgs
    $151,289
    Other
    $114,476
    Hours/week
    1 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,289 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $80,283 related
    Nontaxable benefits
    $0 + $34,193 related
    Filer's total
    $0 + $265,765 related

  • Peter Leitschuh

    TRUSTEE

    Total calculated
    $2,793
    From this org
    $2,793
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Corcoran

    TRUSTEE

    Total calculated
    $3,320
    From this org
    $3,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Colin Beere

    TRUSTEE

    Total calculated
    $204,574
    From this org
    $0
    From related orgs
    $116,514
    Other
    $88,060
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,514 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $61,780 related
    Nontaxable benefits
    $0 + $26,280 related
    Filer's total
    $0 + $204,574 related

  • Jason Damman

    ALTERNATE TRUSTEE

    Total calculated
    $224,694
    From this org
    $0
    From related orgs
    $128,491
    Other
    $96,203
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,491 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $68,013 related
    Nontaxable benefits
    $0 + $28,190 related
    Filer's total
    $0 + $224,694 related

  • John Quarnstrom

    SECRETARY

    Total calculated
    $293,816
    From this org
    $0
    From related orgs
    $256,795
    Other
    $37,021
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,167 related
    Bonus
    $0 + $1,070 related
    Other
    $0 + $11,558 related
    Deferred
    $0 + $19,636 related
    Nontaxable benefits
    $0 + $17,385 related
    Filer's total
    $0 + $293,816 related

  • Michael Jenson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andy Graham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rashid Kadir

    ALTERNATE PRIMARY

    Total calculated
    $0
    Hours/week
    1

  • Blake Parsons

    ALTERNATE PRIMARY

    Total calculated
    $188,553
    From this org
    $0
    From related orgs
    $159,235
    Other
    $29,318
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,167 related
    Bonus
    $0 + $1,382 related
    Other
    $0 + $8,686 related
    Deferred
    $0 + $11,933 related
    Nontaxable benefits
    $0 + $17,385 related
    Filer's total
    $0 + $188,553 related

  • James Bigham

    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. 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

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.

  • CITY OF MINNEAPOLIS FINANCE

  • CITY OF ST PAUL OFFICE OF FINANCIAL SERVICES

  • CONSTRUCTION CAREERS FOUNDATION

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

  • SHEET METAL LOCAL #10 CONTROL BOARD

  • SHEET METAL WORKERS L-10 M-BA

  • SMARCA INC

  • SPECIAL SCHOOL DIST #1 (MINNEAPOLIS PUBLIC SCHOOLS)

  • ST PAUL PUBLIC SCHOOLS

  • UNIVERSITY OF MINNESOTA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 4-SEASON AIR LLC

  • ADMIRAL RADON & MECHANICAL SERVICES LLC

  • ADVANCED DESIGN CONTRACTING LLC

  • AMAXX MECHANICAL LLC

  • APEX MECHANICAL LLC

  • BALANCED OUT LLC

  • DG SOLEM & SONS LLC

  • DIVERSE CONSTRUCTION SERVICES LLC

  • DNS PLUMBING & HEATING LLC

  • ERECTOR METALS LLC

  • FLOW DYNAMIC BALANCING LLC

  • FLYNN MIDWEST LP

  • GENERAL SHEET METAL COMPANY LLC

  • GILBERT MECHANICAL CONTRACTORS LLC

  • GO FETSCH MECHANICAL LLC

  • HYBRID MECHANICAL LLC

  • INDEPENDENCE HEATING & COOLING LLC

  • INNOVATIVE BUILDING CONCEPTS LLC

  • KARPE MECHANICAL LLC

  • KRAFT CONTRACTING LLC DBA KRAFT MECHANICAL LLC

  • MAJOR MECHANICAL LLC

  • MODERN HEATING & AIR CONDITIONING LLC

  • NORTHERN COMMERCIAL SERVICES LLC

  • PALEN KIMBALL LLC

  • PREVENTIVE MECHANICAL SERVICES LLC

  • SHEET METAL SOLUTIONS LLC

  • SHUBITZ PLUMBING & HEATING LLC

  • SOUTHERN MINNESOTA HIGH PRESSURE PIPING LLC

  • THE INSULATORS LLC DBA SOUTHERN MINNESOTA MECHANICAL

  • TIME LINE MECHANICAL LLC

  • TWISTED MECHANICAL LLC

  • YALE MECHANICAL LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • A & E PLUMBING & HEATING INC

  • AG O'BRIEN PLUMBING & HEATING CO

  • API INC

  • AW KUETTEL & SONS INC

  • AER INC

  • AIR CONDITIONING ASSOCIATES

  • AIR SYSTEMS ENGINEERING INC

  • ALBERS MECHANICAL CONTRACTORS INC

  • ALBERT LEA MECHANICAL INC

  • ALDO INC

  • ALLAN MECHANICAL INC

  • APPLE GENERAL CONTRACTOR DBA APPLE EXTERIORS

  • ARCHITECT MECHANICAL INC

  • ASSOCIATED MECHANICAL CONTRACTORS INC

  • ATOMIC ARCHITECTURAL SHEET METAL INC

  • AUGUST WINTER & SONS INC

  • B&B SHEET METAL & ROOFING INC

  • BL DALSIN ROOFING

  • BAETE FORSETH HVAC

  • BAL-TECH INC

  • BASSETT INC

  • BERWALD ROOFING COMPANY INC

  • BINDER HEATING & AIR CONDITIONING INC

  • BNO SHEET METAL INC

  • BROGAN HEATING & AIR CONDITIONING INC

  • BUTTWEILERS DO-ALL INC

  • CALDWELL PLUMBING & HEATING

  • CARLSON DULUTH COMPANY

  • CENTRAIRE HEATING & AIR CONDITIONING

  • CENTRAL ROOFING COMPANY

  • CENTRAL SHEET METAL WORKS INC

  • CHAPPELL CENTRAL INC

  • CITIES 1 PLUMBING & HEATING

  • CLIMATE MAKERS INC

  • COMET HEATING & AIR INC

  • COMMERCIAL KITCHEN SERVICES CORP

  • COMMERCIAL PLUMBING & HEATING

  • COMMERCIAL ROOFING AND SHEET METAL INC

  • COMMERCIAL ROOFING INC

  • COMPLETE CONTROL INC

  • COOL AIR MECHANICAL INC

  • COOLING & HEATING UNLIMITED INC

  • CORPORATE MECHANICAL INC

  • CORVAL CONSTRUCTORS INC

  • CROWN CORR INC

  • CUSTOM STAINLESS STEEL INC

  • DAIKIN APPLIED AMERICAS INC DBA DAIKIN APPLIED

  • DAKOTA METAL FABRICATION INC

  • DIVISION V SHEET METAL INC

  • DMC PLUMBING & HEATING INC

  • DP FABRICATION

  • EGAN COMPANIES INC DBA EGAN COMPANY

  • ELANDER MECHANICAL INC

  • ENERGY & AIR SYSTEMS INC

  • ERICKSON PLUMBING HEATING COOLING INC

  • FAIRCON SERVICE COMPANY

  • GALAXY MECHANICAL INC

  • GENERAL HEATING & MECHANICAL INC (GENERAL HEATING & ENGINERING)

  • GREAT LAKES MECHANICAL INC

  • GREENMAN HEATING & RFG INC

  • GTS HVAC INC

  • GUSTAFSON MECHANICAL INC

  • HARRIS ROCHESTER INC

  • HARRIS ST PAUL INC

  • HARTY MECHANICAL INC

  • HINDING HEATING AIR & ELECTRIC INC

  • HORWITZ INC DBA (HORWITZ NSI)

  • IRON RANGE PLUMBING AND HEATING

  • JAMAR COMPANY

  • JOE & SONS SHEET METAL INC

  • JOHN A DALSIN & SON INC

  • KB SERVICE COMPANY

  • KRAUSE SHEET METAL & HEATING INC

  • KRIER & BLAIN INC

  • L & L SHEET METAL

  • LSV METALS INC

  • LAKE AREA ROOFING & CONSTRUCTION INC

  • LANEY'S INC

  • LEGACY COMPANIES INC

  • LEGEND MECHANICAL

  • LEROY SIGNS INC

  • M & S SHEET METAL INC (MOWBRAY & SON INC)

  • MG MCGRATH INC

  • MAD MECHANICAL INC

  • MASTER MECHANICAL INC

  • MCDOWALL COMPANY

  • MCFARLANEINC

  • MECHANICAL DATA CORPORATION

  • MECHANICAL TEST & BALANCE OF MINNESOTA

  • METRO SHEET METAL INC

  • METROPOLITAN MECHANICAL CONTRACTORS INC (MMC)

  • MIDWEST KITCHEN SERVICE INC

  • MIKE'S CUSTOM MECHANICAL INC

  • MIKE'S HEATING & SHEET METAL

  • MINT ROOFING INC

  • MJ O'CONNOR INC

  • MODERN

  • MODERN SHEET METAL INC

  • NASSEFF MECHANICAL CONTRACTORS INC (NASSEFF PLUMBING & HEATING INC)

  • NELSON MECHANICAL INC

  • NELSON ROOFING INC

  • NORDIC SERVICES INC

  • NORTH COUNTRY INSTALLATION INC

  • NORTHERN AIR CORPORATION (DBA NAC MECHANICAL & ELECTRICAL)

  • NORTHLAND MECHANICAL CONTRACTORS INC

  • NORTHLAND METAL EXTERIORS

  • P & R PLUMBING AND HEATING INC

  • PALMER WEST CONSTRUCTION COMPANY INC

  • PETERSON MECHANICAL INC

  • PETERSON SHEET METAL

  • PIONEER POWER INC

  • PRAIRIE TECHNOLOGIES INC OF MN DBA HUMERATECH

  • PREMIER TEST & BALANCE INC

  • QUALITY SHEET METAL FABRICATORS INC

  • RADOTICH INC

  • RAINVILLE-CARLSON INC

  • RANDALL'S HEATING & COOLING INC

  • RANGE CORNICE & ROOFING COMPANY

  • RANGE CORNICE HEATING & SHEET METAL INC

  • RIVER CITY SHEET METAL INC

  • ROBERT GIBB & SONS INC

  • ROOF TECH INC

  • S & J MECHANICAL DBA FEDER MECHANICAL

  • S R MECHANICAL INC

  • SAYLER HEATING AND AIR CONDITIONING INC

  • SCHADEGG MECHANICAL INC

  • SEASONAL CONTROL MECH DIV INC

  • SENTRA-SOTA SHEET METAL INC

  • SHANNON'S INC

  • SHEET METAL CONNECTORS INC

  • SHERIDAN SHEET METAL COMPANY

  • SKOGEN MECHANICAL

  • ST CLOUD REFRIGERATION INC

  • SYSTEMS MANAGEMENT & BALANCING OF MINNESOTA (MARCUS GLOBAL INC)

  • TESSIER'S INC

  • TEST & BALANCE ASSOCIATES INC

  • TEST & BALANCE SOLUTIONS INC

  • THELEN HEATING & ROOFING INC

  • TOTAL AIR INC

  • TOTAL MECHANICAL SERVICES INC

  • TRIMARK MARLINN LLC DBA TRIMARK MINNESOTA

  • TWEET-GAROT MECHANICAL INC

  • US MECHANICAL INC

  • UHL COMPANY INC

  • VENT FAB INC

  • WALDINGER CORPORATION

  • WEIDNER'S PLUMBING & HEATING

  • WENZEL HEATING & AIR CONDITIONING (FORCED AIR INC)

  • WINONA HEATING & VENTILATION COMPANY INC

  • YMC INC

  • ZAHLER HEATING & AIR CONDITIONING INC

  • CITY AIR MECHANICAL INC

  • ENVIRONMENTAL PLANT SERVICES INC

  • GAGNON INC

  • HELM MECHANICAL

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202323129349302727

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