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Sheet Metal Training Fund

Tax-deductible

Portland, OR501(c)(3)EmploymentEIN 93-6053828Revenue $3.0M in FY2024

On file with the IRS2379 Ne 175th Avenue, 97230-0000 · Portland, ORTax-exempt since Mar 1970Publicly supported — 509(a)(2)

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The trust provides Training programs to apprentice and journeyman Sheet Metal workers.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 10 volunteers and 16 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 $235K a year · 8% 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$924K
to officers and key staff · 31% of spending
Top officer’s pay higher than 56% of similar orgs
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$200K
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
$3.0M
+0.1% vs prior year
Spent
$3.0M
To programs
77%
Net assets
$8.0M
By yearFY2020–FY2024
Revenue
$3.0M
FY2024+0.1%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$3.2M
FY2022$3.0M
FY2023$3.0M
FY2024$3.0M
Expenses
$3.0M
FY2024+0.03%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.5M
FY2022$2.8M
FY2023$3.0M
FY2024$3.0M
Net assets
$8.0M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.9M
FY2021$7.6M
FY2022$7.5M
FY2023$7.8M
FY2024$8.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1970.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $2.3M Management & general 23% · $692K

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

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Who runs it and what they're paid

14 people listed on the 990; $924K paid to officers and key staff.

Part VII, Section A · reportable compensation
Robert Postma
Executive Administrator and Trustee
$136,187Pt VII · Sec A
Ben Wood
Training Coordinator
$135,509Pt VII · Sec A
Huy Will Thompson
Instructor and Executive Administrator
$133,914Pt VII · Sec A
Jason Leslie
Instructor
$132,427Pt VII · Sec A
Brandon York
Instructor
$129,768Pt VII · Sec A
Eric Clayton
Instructor
$128,757Pt VII · Sec A
Richard Doty
Instructor
$127,846Pt VII · Sec A
$0Pt VII · Sec A

Robert Postma’s $136K as Executive Administrator and Trustee is at the 56th percentile of top reported officer pay among 1245 $1–10M employment 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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert Postma$136,187$128,796$118,982$109,704$109,889
Ben Wood$135,509$121,014———
Huy Will Thompson$133,914————
Jason Leslie$132,427————
Brandon York$129,768————
Eric Clayton$128,757————
Richard Doty$127,846$115,754———
Paul Culp—$119,105———

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.

See Sheet Metal Training Fund executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Trains apprentice and journeyman sheet metal workers.

Questions for Sheet Metal Training Fund

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2024
01

SMTF offers unmatched training in the sheet metal industry. Our dedicated team provides the highest level of training to ensure our apprentices and journeypersons enjoy successful careers while offering our contractors the best trained workforce in the industry.

$2.3Mprogram expense

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
International Training Institute for the Sheet Metal & Ac IndustryFY2024$18K
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.0M
Ln 12
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$127K
Other incomeLn 4–11$116K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.3M
Managementcol C$692K
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$585K
Total assetsLn 16$8.2M
LiabilitiesLn 26$200K
PeoplePt VI, VII
14
listed · VII A
PaidVII A7
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$127K
Other incomeLn 4–11$116K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$582K
Cash and savings togetherLn 1–2$585K
InvestmentsLn 11–13$3.3M
Land, buildings, equipmentLn 10c$4.0M
Other assetsLn 15$0
Total assetsLn 16$8.2M
LiabilitiesLn 26$200K
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 516
VolunteersI 610
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$468K$585K
InvestmentsLn 11–13$3.2M$3.3M
Land, buildings, equipmentLn 10c$4.0M$4.0M
Total assetsLn 16$8.1M$8.2M
LiabilitiesLn 26$278K$200K
Net assetsLn 32$7.8M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$358K$159K$200K
Other salaries and wagesLn 7$1.0M$785K$248K
Pension plan contributionsLn 8$167K$128K$39K
Other employee benefitsLn 9$269K$196K$73K
Payroll taxesLn 10$122K$84K$37K
Legal feesLn 11b$16K$15K$1K
Accounting feesLn 11c$74K$68K$6K
Investment management feesLn 11f$18K$18K
OccupancyLn 16$142K$128K$14K
TravelLn 17$87K$87K
Depreciation, depletion and amortizationLn 22$273K$246K$27K
InsuranceLn 23$54K$49K$5K
Other expenses (24a–d)Ln 24$415K$391K$24K
Total functional expensesLn 25$3.0M$2.3M$692K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.0M$3.0M−$18K$8.0M 990 PDF
FY2023 $3.0M$3.0M−$21K$7.8M 990 PDF
FY2022 $3.0M$2.8M$196K$7.5M 990 PDF
FY2021 $3.2M$2.5M$650K$7.6M 990 PDF
FY2020 $2.7M$2.3M$370K$6.9M 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 FY2024 990 (6 parts)
Part I · Summary $3,009,661 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27,000$19,700
I-9 Program service revenuePrior year $2,773,815$2,747,264
I-10 Investment incomePrior year $27,662$127,040
I-11 Other revenuePrior year $177,182$115,657
I-12 Total revenuePrior year $3,005,659$3,009,661
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 $1,923,361$1,949,057
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,103,564$1,078,681
I-18 Total expensesPrior year $3,026,925$3,027,738
I-19 Revenue less expensesPrior year −$21,266−$18,077
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,009,661 across 7 lines filed
VIII-1f All other contributions, gifts and grants$19,700
VIII-1h Total contributions, gifts and grants$19,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,747,264$2,747,264
VIII-3 Investment incomeExcluded from tax $127,040$127,040
VIII-6 Net rental income or lossExcluded from tax $90,482$90,482
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $25,175$25,175
VIII-12 Total revenueRelated to mission $2,772,439 · Unrelated business $0 · Excluded from tax $217,522$3,009,661
Part IX · Statement of functional expenses $3,027,738 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $158,570 · Management $199,601$358,171
IX-7 Other salaries and wagesPrograms $785,270 · Management $248,259$1,033,529
IX-8 Pension plan contributionsPrograms $127,745 · Management $39,080$166,825
IX-9 Other employee benefitsPrograms $196,176 · Management $72,617$268,793
IX-10 Payroll taxesPrograms $84,460 · Management $37,279$121,739
IX-11b Legal feesPrograms $15,096 · Management $1,344$16,440
IX-11c Accounting feesPrograms $67,621 · Management $6,020$73,641
IX-11f Investment management feesManagement $17,505$17,505
IX-16 OccupancyPrograms $127,801 · Management $14,200$142,001
IX-17 TravelPrograms $87,029$87,029
IX-22 Depreciation, depletion and amortizationPrograms $245,536 · Management $27,282$272,818
IX-23 InsurancePrograms $48,875 · Management $5,431$54,306
IX-24 Other expenses (24a–d)Programs $391,219 · Management $23,722$414,941
IX-25 Total functional expensesPrograms $2,335,398 · Management $692,340 · Fundraising $0$3,027,738
Part X · Balance sheet $8,224,253 assets, 14 lines filed
Asset lines not itemized here account for $37,522; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $336,003$2,094
X-2 Savings and temporary cash investmentsStart of year $131,937$582,458
X-4 Accounts receivableStart of year $250,364$236,799
X-9 Prepaid expenses and deferred chargesStart of year $60,742$66,825
X-10c Land, buildings and equipment, netStart of year $3,996,068$3,951,531
X-11 Publicly traded securitiesStart of year $3,249,536$3,347,024
X-15 Other assetsStart of year $1,914$0
X-16 Total assetsStart of year $8,071,570$8,224,253
X-17 Accounts payable and accrued expensesStart of year $276,305$200,346
X-25 Other liabilitiesStart of year $1,972$0
X-26 Total liabilitiesStart of year $278,277$200,346
X-27 Net assets without donor restrictionsStart of year $7,793,293$8,023,907
X-32 Total net assets or fund balancesStart of year $7,793,293$8,023,907
X-33 Total liabilities and net assetsStart of year $8,071,570$8,224,253
Part XI · Reconciliation of net assets $8,023,907 net assets at year end
XI-1 Total revenue$3,009,661
XI-2 Total expenses$3,027,738
XI-3 Revenue less expenses−$18,077
XI-4 Net assets at start of year$7,793,293
XI-5 Net unrealized gains (losses) on investments$248,691
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,023,907

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

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