Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd
- Assets
- $12.5m
- Revenue
- $5.0m
- Investments
- $5.1m
- Employees
- 14
- Location
- Dorchester, MA
- Founding
- 03/1985
- Data as of
- 08/2023
- 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 08/2023, Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd employed 14 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 08/2023, Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $3.6m during the year ending 08/2023. While expenses have increased by 5.2% per year over the past 8 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
2023
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 |
|---|---|---|---|
Kevin Gill Trustee | Trustee | 0 | $0 |
James Morgan Trustee | Trustee | 0 | $0 |
Barry Dwyer Trustee | Trustee | 0 | $0 |
Robert Butler Trustee | Trustee | 0 | $0 |
Michael Burns Trustee | Trustee | 0 | $0 |
Richard Keogh 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 | $3,681,888 |
| Investment income | $1,065,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,032,894 |
| 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 | $899,142 |
| Compensation of current officers, directors, key employees. | $798,400 |
| Compensation of current officers, directors, key employees. | $206,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,352 |
| Pension plan accruals and contributions | $411,223 |
| Other employee benefits | $247,450 |
| Payroll taxes | $77,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,500 |
| Advertising and promotion | $0 |
| Office expenses | $39,715 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,460 |
| Travel | $1,714 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,985 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,790 |
| Insurance | $50,080 |
| All other expenses | $129,459 |
| Total functional expenses | $3,567,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,574 |
| Savings and temporary cash investments | $1,737 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $594,196 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $276,359 |
| Inventories for sale or use | $19,386 |
| Prepaid expenses and deferred charges | $19,543 |
| Net Land, buildings, and equipment | $5,265,529 |
| Investments—publicly traded securities | $727,991 |
| Investments—other securities | $5,129,252 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,538,567 |
| Accounts payable and accrued expenses | $120,575 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $120,575 |
| 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 | $12,417,992 |
| Total liabilities and net assets/fund balances | $12,538,567 |