Form 990 for tax year 2022
Filed by THE SHEET METAL LOCAL NO 40 HEALTH FUND.
Totals
- Total revenue
- $7,762,071
- Total expenses
- $7,445,404
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $7,149,974
- Investment income
- $7,238
- Other revenue
- $604,859
- Total assets, end of year
- $3,441,105
- Total liabilities, end of year
- $437,304
- Net assets or fund balances, end of year
- $3,003,801
- 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 $5,924,532 · related or exempt $5,924,532
-
2b · Program service revenue: RETIREE CONTRIBUTIONS
total $682,270 · related or exempt $682,270
-
2c · Program service revenue: RECIPROCAL AGREEMENTS, NET
total $486,150 · related or exempt $486,150
-
2d · Program service revenue: EMPLOYEE CONTRIBUTIONS
total $57,022 · related or exempt $57,022
-
3 · Investment income
total $21,095 · excluded $21,095
-
7a · Gross sales of assets other than inventory
securities $1,817,792
-
7b · Less cost or other basis and sales expenses
securities $1,831,649
-
7c · Gain or loss
securities -$13,857
-
7d · Net gain or loss
total -$13,857 · excluded -$13,857
-
11a · Other revenue: PRESCRIPTION REBATE
total $333,205 · related or exempt $333,205
-
11b · Other revenue: STOP LOSS REIMBURSEMENT
total $266,910 · related or exempt $266,910
-
11c · Other revenue: ADMIN CHARGES
total $4,744 · related or exempt $4,744
-
11e · Other revenue, total
$604,859
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $6,663,894
-
11b · Fees: legal
total $73,242
-
11c · Fees: accounting
total $19,740
-
11f · Fees: investment management
total $1,087
-
11g · Fees: other
total $658,091
-
13 · Office expenses
total $6,399
-
19 · Conferences, conventions and meetings
total $7,500
-
23 · Insurance
total $8,528
-
24a · Other expenses: DUES ASSESSMENT
total $6,069
-
24b · Other expenses: TRUSTEE EXPENSE
total $854
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $532,575 · end of year $0
-
2 · Savings and temporary cash investments
end of year $1,862,963
-
4 · Accounts receivable
beginning of year $1,723,773 · end of year $778,542
-
9 · Prepaid expenses and deferred charges
beginning of year $11,804 · end of year $11,804
-
11 · Investments: publicly traded securities
beginning of year $1,348,175 · end of year $787,796
-
17 · Accounts payable and accrued expenses
beginning of year $53,505 · end of year $37,148
-
19 · Deferred revenue
beginning of year $33,422 · end of year $33,422
-
25 · Other liabilities
beginning of year $55,234 · end of year $366,734
-
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 $3,474,166 · end of year $3,003,801
Mission and programs · 2022
Mission
TO PROVIDE HEALTH (MEDICAL, DENTAL, VISION, AND PRESCRIPTION), LIFE, ACCIDENTAL DEATH & DISMEMBERMENT COVERAGE AND DISABILITY BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS WHO WORK, OR WORKED, IN THE SHEET METAL INDUSTRY AS MEMBERS OF LOCAL 40, OR WHO WORKED IN SUPPORT OF THE INDUSTRY.
Activities or mission (Part I)
TO PROVIDE HEALTH, LIFE, ACCIDENTAL DEATH & DISMEMBERMENT COVERAGE AND DISABILITY BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS WHO WORK, OR WORKED, IN THE SHEET METAL INDUSTRY AS MEMBERS OF LOCAL 40, OR WHO WORKED IN SUPPORT OF THE INDUSTRY.
-
TO PROVIDE MAJOR MEDICAL, HOSPITALIZATION, DISABILITY, LIFE INSURANCE, AND OTHER HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS OF THIS FUND AND THEIR BENEFICIARIES.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JASON SHERMAN
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
JOHN NIMMONS
LABOR TRUSTEE
- Total calculated
- $136,259
- From this org
- $0
- From related orgs
- $80,125
- Other
- $56,134
- Hours/week
- 0.3 + 1 related
-
FRED DESCY
LABOR TRUSTEE
- Total calculated
- $19,942
- From this org
- $0
- From related orgs
- $19,942
- Other
- $0
- Hours/week
- 0.3 + 1 related
-
JOHN M BEAL
LABOR TRUSTEE
- Total calculated
- $2,045
- From this org
- $0
- From related orgs
- $2,045
- Other
- $0
- Hours/week
- 0.3 + 1 related
-
MICHAEL THOMPSON
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
LYNNE A KLEEBERG
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
KENNETH R KLEEBERG
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
JOHN LUCCHESSI
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
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.
-
SHEET METAL INDUSTRY APPRENTICE & TRAINING FUND
501(C)(3) · EMPLOYEE BENEFIT FUND · CT
-
SHEET METAL WORKERS' LOCAL NO 40 PENSION
501(D) · EMPLOYEE BENEFIT FUND · CT
-
SHEET METAL WORKERS' LOCAL NO 40 SUPP RETIREMENT FUND
501(D) · EMPLOYEE BENEFIT FUND · CT
-
NORTHEAST REGIONAL COUNCIL OF SMART
501(C)(5) · LABOR UNION · CT
-
ASSOCIATED SHEET METAL & ROOFING CONTRACTORS OF CT INC
501(C)(6) · ASSOCIATION OF SHEET METAL WORKERS · CT
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
OFFSHORE CONST
-
GREENWOOD IND
-
SOUTHERN NEW ENGLAND
-
NATIONAL ENERGY
-
NORTHEAST REGIONAL
-
THE IMPERIAL
-
YOUNG DEVELOPER
-
DAY & ZIMMERMAN
-
THE HILLERY CO
-
TRUEFLOW TESTING
-
BHI ENERGY
-
ADVANCED TESTING
-
F&F MECH
-
PROVIDENCE INS
-
EAGLE RIVET
-
GOLD SEAL ROOF
-
LABCO AIR
-
AIR BALANCING
-
JHS RESTORATION
-
YANKEE SHEET METAL
-
KLEEBERG SHEET METAL
-
MASSEY'S PLATE
-
TITAN ROOFING
-
WING'S TESTING
-
A&T FUND
-
COMMERCIAL ROOFING
-
LK SHEET METAL
-
ENVIRONMENTAL
-
ARCHITECTURAL
-
NE REG CONF
-
SASMI
-
FFFC OF CT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333139349303908
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