Sheet Metal Workers Local 27 Educational Trust Fund is located in Farmingdale, NJ. The organization was established in 1985. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Sheet Metal Workers Local 27 Educational Trust Fund employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Local 27 Educational Trust Fund 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 12/2021, Sheet Metal Workers Local 27 Educational Trust Fund generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 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
EDUCATION AND TRAINING OF UNION APPRENTICES AND PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FUND IS TO PROVIDE A MANDATORY 5 YEAR CURRICULUM FOR APPRENTICES ACCEPTED INTO THE APPRENTICE PROGRAM AND TO PROVIDE CONTINUING EDUCATION AND INSTRUCTION TO JOURNEYMEN TO ENSURE THAT ALL PARTICIPANTS HAVE THE BEST POSSIBLE TRAINING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Chris George Fund Administrator | Officer | 40 | $169,408 |
John Espinos Training Director | 40 | $169,408 | |
Andy Riker Trustee | Trustee | 1 | $0 |
Gerard Ezyske Trustee | Trustee | 1 | $0 |
Gerard Hogan III Trustee | Trustee | 1 | $0 |
Andrew C Caccholi Former Trustee | Trustee | 1 | $0 |
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 | $856,283 |
Investment income | $18,353 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $9,215 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,377,560 |
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 | $0 |
Compensation of current officers, directors, key employees. | $338,816 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $131,284 |
Pension plan accruals and contributions | $143,589 |
Other employee benefits | $186,281 |
Payroll taxes | $39,132 |
Fees for services: Management | $0 |
Fees for services: Legal | $18,277 |
Fees for services: Accounting | $36,151 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,400 |
Fees for services: Other | $0 |
Advertising and promotion | $7,592 |
Office expenses | $5,152 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $144,012 |
Travel | $5,287 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $10,436 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $45,331 |
Insurance | $17,030 |
All other expenses | $0 |
Total functional expenses | $1,206,362 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $353,289 |
Savings and temporary cash investments | $62,932 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $65,257 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $17,993 |
Net Land, buildings, and equipment | $264,247 |
Investments—publicly traded securities | $723,369 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $213,619 |
Total assets | $1,700,706 |
Accounts payable and accrued expenses | $97,338 |
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 | $100,774 |
Total liabilities | $198,112 |
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 | $1,502,594 |
Total liabilities and net assets/fund balances | $1,700,706 |
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