Sheet Metal Workers Local 27 S Unemployment Fund
- Assets
- $884.8k
- Revenue
- $562.8k
- Investments
- $0.0
- Employees
- 304
- Location
- Farmingdale, NJ
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 22-3201971
Organization Overview
Sheet Metal Workers Local 27 S Unemployment Fund is located in Farmingdale, NJ. The organization was established in 1994. According to its NTEE Classification (Y24) the organization is classified as: Supplemental Unemployment Compensation, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Sheet Metal Workers Local 27 S Unemployment Fund employed 304 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Local 27 S Unemployment Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Sheet Metal Workers Local 27 S Unemployment Fund generated $562.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $406.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS FOR ITS PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FUND IS TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS, WORK INCENTIVE REBATE BENEFITS, AND TRAVEL BENEFITS FOR ITS PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Mccann Trustee | Trustee | 1 | $0 |
Vince Spiezio Trustee | Trustee | 1 | $0 |
Gerard Lyle Trustee | Trustee | 1 | $0 |
Thomas Debartolo Union Trustee | Trustee | 1 | $0 |
Matthew Johnson Union Trustee | Trustee | 1 | $0 |
Mike Kolbasowski Union Trustee | Trustee | 1 | $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 | $619,721 |
| Investment income | $11,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$69,733 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $562,751 |
| 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 | $289,803 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,075 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,754 |
| Payroll taxes | $1,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,993 |
| Fees for services: Accounting | $25,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,417 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,677 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,444 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,879 |
| Insurance | $2,787 |
| All other expenses | $0 |
| Total functional expenses | $406,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,502 |
| Savings and temporary cash investments | $55,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,574 |
| 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 | $218 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $532,564 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $884,770 |
| Accounts payable and accrued expenses | $42,409 |
| 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 | $46,635 |
| Total liabilities | $89,044 |
| 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 | $795,726 |
| Total liabilities and net assets/fund balances | $884,770 |