Sheet Metal Workers 40 Apprentice and Training Fund FY2020 filing

Not tax-deductible

Rocky Hill, CT501(c)(5)EIN 23-7412739

To provide training to local 40 sheet metal workers

89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
3 of 5
filings with a surplus
Average surplus $72K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$724K
Spent
$558K
To programs
89%
Net assets
$533K
By yearFY2020–FY2024
Revenue
$724K
FY2020
Revenue by fiscal year
FY2020$724K
FY2021$650K
FY2022$592K
FY2023$598K
FY2024$848K
Expenses
$558K
FY2020
Expenses by fiscal year
FY2020$558K
FY2021$537K
FY2022$467K
FY2023$615K
FY2024$874K
Net assets
$533K
FY2020
Net assets by fiscal year
FY2020$533K
FY2021$646K
FY2022$772K
FY2023$756K
FY2024$729K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1979.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $495K Management & general 11% · $63K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Labor Trustee
$0Pt VII · Sec A
Labor Trustee
$0Pt VII · Sec A
Labor Trustee
$0Pt VII · Sec A
Labor Trustee
$0Pt VII · Sec A
Management Trustee
$0Pt VII · Sec A
Management Trustee
$0Pt VII · Sec A
Management Trustee
$0Pt VII · Sec A
Management Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022
Jason M Sherman—$112,369$101,484
Clifford Richards$103,815——
John M Beal$63,870$5,230$1,443
Michael Dezinno$2,125——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Trains local sheet metal workers for their trade.

Provided by the organization

This section is blank until Sheet Metal Workers 40 Apprentice and Training Fund claims this page.

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1 program service account for $495K of program spending, described in the organization's own filed words · FY2020.
01

To provide training and apprentice programs to jouneypersons and apprentices.

$495Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$24K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$724K
Ln 12
Fees for servicesLn 2g$653K
Gifts and grantsLn 1h$69K
Other incomeLn 4–11$1K
Money outPt IX
$558K
Ln 25
Programscol B$495K
Managementcol C$63K
Owns and owesPt X
$533K
net assets · Ln 32
Cash and savingsLn 1–2$436K
Total assetsLn 16$543K
LiabilitiesLn 26$10K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$69K
Fees for servicesLn 2g$653K
Investment incomeLn 3$645
Other incomeLn 4–11$1K
Total revenueLn 12$724K
Assets in detailPt X, end of year
CashLn 1$100
SavingsLn 2$436K
Cash and savings togetherLn 1–2$436K
Land, buildings, equipmentLn 10c$28K
Other assetsLn 15$5K
Total assetsLn 16$543K
LiabilitiesLn 26$10K
Net assetsLn 32$533K
OperationsPt I, VI
EmployeesI 54
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 FY20End FY20
Cash and savingsLn 1–2$264K$436K
Land, buildings, equipmentLn 10c$37K$28K
Total assetsLn 16$374K$543K
LiabilitiesLn 26$7K$10K
Net assetsLn 32$367K$533K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$186K$186K
Pension plan contributionsLn 8$94K$94K
Other employee benefitsLn 9$48K$48K
Payroll taxesLn 10$15K$15K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$13K$13K
Office expensesLn 13$21K$21K
OccupancyLn 16$127K$127K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$615$615
Payments to affiliatesLn 21$2K$2K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$20K$20K
Total functional expensesLn 25$558K$495K$63K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $848K$874K−$26K$729K 990 PDF
FY2023 $598K$615K−$16K$756K 990 PDF
FY2022 $592K$467K$125K$772K 990 PDF
FY2021 $650K$537K$113K$646K 990 PDF
FY2020 Viewing $724K$558K$166K$533K 990 PDF

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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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $723,713 across 6 lines filed
VIII-1d Related organizations$69,358
VIII-1h Total contributions, gifts and grants$69,358
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $652,629$652,629
VIII-3 Investment incomeExcluded from tax $645$645
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,081$1,081
VIII-12 Total revenueRelated to mission $652,629 · Unrelated business $0 · Excluded from tax $1,726$723,713
Part IX · Statement of functional expenses $557,667 across 14 lines filed
IX-7 Other salaries and wagesPrograms $186,203$186,203
IX-8 Pension plan contributionsPrograms $93,963$93,963
IX-9 Other employee benefitsPrograms $47,614$47,614
IX-10 Payroll taxesPrograms $14,977$14,977
IX-11b Legal feesManagement $5,460$5,460
IX-11c Accounting feesManagement $12,525$12,525
IX-13 Office expensesManagement $20,568$20,568
IX-16 OccupancyPrograms $126,881$126,881
IX-17 TravelPrograms $2,361$2,361
IX-19 Conferences, conventions and meetingsManagement $615$615
IX-21 Payments to affiliatesPrograms $2,280$2,280
IX-22 Depreciation, depletion and amortizationManagement $10,473$10,473
IX-23 InsuranceManagement $13,290$13,290
IX-24 Other expenses (24a–d)Programs $20,457$20,457
IX-25 Total functional expensesPrograms $494,736 · Management $62,931 · Fundraising $0$557,667
Part X · Balance sheet $543,143 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $100$100
X-2 Savings and temporary cash investmentsStart of year $264,033$435,612
X-4 Accounts receivableStart of year $67,882$74,571
X-10c Land, buildings and equipment, netStart of year $37,309$27,686
X-15 Other assetsStart of year $5,174$5,174
X-16 Total assetsStart of year $374,498$543,143
X-17 Accounts payable and accrued expensesStart of year $7,426$10,024
X-26 Total liabilitiesStart of year $7,426$10,024
X-27 Net assets without donor restrictionsStart of year $363,925$529,933
X-28 Net assets with donor restrictionsStart of year $3,147$3,186
X-32 Total net assets or fund balancesStart of year $367,072$533,119
X-33 Total liabilities and net assetsStart of year $374,498$543,143
Part XI · Reconciliation of net assets $533,119 net assets at year end
XI-1 Total revenue$723,713
XI-2 Total expenses$557,667
XI-3 Revenue less expenses$166,046
XI-4 Net assets at start of year$367,072
XI-8 Prior period adjustments$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$533,119

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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