Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd
- Assets
- $12.6m
- Revenue
- $3.6m
- Investments
- $9.0m
- Employees
- 17
- Location
- Dorchester, MA
- Founding
- 03/1985
- Data as of
- 08/2021
- EIN
- 22-2562168
Organization Overview
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd is located in Dorchester, MA. The organization was established in 1985. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 08/2021, Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.9m during the year ending 08/2021. While expenses have increased by 3.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE APPRENTICES TO BECOME DULY QUALIFIED JOURNEYMEN IN THE SHEET METAL INDUSTRY AND TO UPGRADE JOURNEYMEN SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION OF APPRENTICES TO BECOME QUALIFIED JOURNEYMEN IN THE SHEET METAL INDUSTRY AND TO UPGRADE JOURNEYMEN SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Martin Administrator | Officer | 40 | $157,450 |
Barry Ryan Instructor | 40 | $129,648 | |
Marc Lamonica Instructor | 40 | $129,575 | |
Daniel Flynn Instructor | 40 | $128,298 | |
Kevin Gill Trustee | Trustee | 0 | $0 |
Barry Dwyer Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,380,937 |
| Investment income | $175,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,069 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,774 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,559,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $729,911 |
| Compensation of current officers, directors, key employees. | $579,278 |
| Compensation of current officers, directors, key employees. | $172,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,960 |
| Pension plan accruals and contributions | $373,355 |
| Other employee benefits | $202,183 |
| Payroll taxes | $65,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,392 |
| Fees for services: Other | $9,000 |
| Advertising and promotion | $765 |
| Office expenses | $37,129 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,872 |
| Travel | $2,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,417 |
| Insurance | $40,791 |
| All other expenses | $69,119 |
| Total functional expenses | $2,876,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,031,192 |
| Savings and temporary cash investments | $12,350 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $582,882 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,638 |
| Prepaid expenses and deferred charges | $28,107 |
| Net Land, buildings, and equipment | $1,411,898 |
| Investments—publicly traded securities | $536,885 |
| Investments—other securities | $8,995,380 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,621,332 |
| Accounts payable and accrued expenses | $90,717 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $269,825 |
| Other liabilities | $0 |
| Total liabilities | $360,542 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $12,260,790 |
| Total liabilities and net assets/fund balances | $12,621,332 |
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|---|---|---|
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