Smw 71 INC

Not tax-deductible

Buffalo, NYMutual-benefit / member-servingCommunity DevelopmentEIN 16-1588524Revenue $270K in FY2024

On file with the IRS24 Liberty Ave, 14215-2112 · Buffalo, NYTax-exempt since Jul 2002

This page gets seen. Tell your story. Claim this org.

Smw 71, INC. Is title holder of the real property from which the affiliated exempt organizations of sheet metal workers local no 71 perform their exempt activities.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $109K a year · 42% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$409K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 15 voting members
Looks good: 13 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$270K
+28% vs prior year
Spent
$157K
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$270K
FY2024▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$131K
FY2021$519K
FY2022$149K
FY2023$211K
FY2024$270K
Expenses
$157K
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$123K
FY2021$138K
FY2022$155K
FY2023$163K
FY2024$157K
Net assets
$1.1M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$525K
FY2021$907K
FY2022$900K
FY2023$947K
FY2024$1.1M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
Trustee to 6/2024
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee to 6/2024
$0Pt VII · Sec A
Trustee from 6/2024
$0Pt VII · Sec A
Trustee from 6/2024
$0Pt VII · Sec A
Trustee from 6/2024
$0Pt VII · Sec A
Vice President/President 6/24
$0Pt VII · Sec A
Executive Board to 6/2024
$0Pt VII · Sec A

Edward Bender JR’s $3K as Executive Board is at the 2nd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Smw 71 INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns property for Sheet Metal Workers Local No. 71 to conduct their activities.

Questions for Smw 71 INC

Tap to ask. Smw 71 INC sees how many people are interested.

Your first name shows with your question. Smw 71 INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2024
01

SMW 71, inc. Provided office and training facilities to sheet metal workers local no 71 union and benefit funds.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$270K
Ln 12
Fees for servicesLn 2g$220K
Other incomeLn 4–11$50K
Money outPt IX
$157K
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$1.5M
LiabilitiesLn 26$409K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$220K
Other incomeLn 4–11$50K
Total revenueLn 12$270K
Assets in detailPt X, end of year
CashLn 1$64K
Cash and savings togetherLn 1–2$64K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$4K
Total assetsLn 16$1.5M
LiabilitiesLn 26$409K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$32K$64K
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$509K$409K
Net assetsLn 32$947K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$69
OccupancyLn 16$59K
InterestLn 20$20K
Depreciation, depletion and amortizationLn 22$65K
InsuranceLn 23$13K
Other expenses (24a–d)Ln 24$46
Total functional expensesLn 25$157K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $270K$157K$113K$1.1M 990 PDF
FY2023 $211K$163K$47K$947K 990 PDF
FY2022 $149K$155K−$7K$900K 990 PDF
FY2021 $519K$138K$381K$907K 990 PDF
FY2020 $131K$123K$8K$525K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $269,957 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $160,250$219,794
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $50,319$50,163
I-12 Total revenuePrior year $210,569$269,957
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $163,471$157,324
I-18 Total expensesPrior year $163,471$157,324
I-19 Revenue less expensesPrior year $47,098$112,633
Part VI · Governance 13 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $269,957 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $219,794$219,794
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $50,163$50,163
VIII-12 Total revenueRelated to mission $269,957 · Unrelated business $0 · Excluded from tax $0$269,957
Part IX · Statement of functional expenses $157,324 across 6 lines filed
IX-13 Office expenses$69
IX-16 Occupancy$58,805
IX-20 Interest$20,123
IX-22 Depreciation, depletion and amortization$64,885
IX-23 Insurance$13,396
IX-24 Other expenses (24a–d)$46
IX-25 Total functional expenses$157,324
Part X · Balance sheet $1,468,800 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $32,028$63,911
X-4 Accounts receivableStart of year $6,570$6,570
X-10c Land, buildings and equipment, netStart of year $1,415,239$1,394,601
X-15 Other assetsStart of year $2,207$3,718
X-16 Total assetsStart of year $1,456,044$1,468,800
X-26 Total liabilitiesStart of year $508,924$409,047
X-27 Net assets without donor restrictionsStart of year $947,120$1,059,753
X-32 Total net assets or fund balancesStart of year $947,120$1,059,753
X-33 Total liabilities and net assetsStart of year $1,456,044$1,468,800
Part XI · Reconciliation of net assets $1,059,753 net assets at year end
XI-1 Total revenue$269,957
XI-2 Total expenses$157,324
XI-3 Revenue less expenses$112,633
XI-4 Net assets at start of year$947,120
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,059,753

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.