Sheet Metal Workers Joint Apprenticeship Fund Of Phila And V
- Assets
- $4.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 32
- Location
- Philadelphia, PA
- Founding
- 10/1967
- Data as of
- 04/2024
- EIN
- 23-6428928
Organization Overview
Sheet Metal Workers Joint Apprenticeship Fund Of Phila And V is located in Philadelphia, PA. The organization was established in 1967. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 04/2024, Sheet Metal Workers Joint Apprenticeship Fund Of Phila And V employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Joint Apprenticeship Fund Of Phila And V 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 04/2024, Sheet Metal Workers Joint Apprenticeship Fund Of Phila And V generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.4m during the year ending 04/2024. While expenses have increased by 4.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FUND IS TO CONDUCT AN ORGANIZED TRAINING AND EDUCATION PROGRAM FOR ALL APPRENTICE AND JOURNEYMAN SHEET METAL WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONDUCT AN ORGANIZED TRAINING & EDUCATION PROGRAM FOR ALL APPRENTICE AND JOURNEYMEN SHEET METAL WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Bush Co-Chairman - Labor Truste | Trustee | 1 | $0 |
Gary Luthe Management Trustee | Trustee | 1 | $0 |
Gary Masino Co-Chairman - Labor Truste (p) | Trustee | 1 | $0 |
Gerard Gontz Labor Trustee | Trustee | 1 | $0 |
Peter Jenkins Management Trustee | Trustee | 1 | $0 |
Robert Johnston Jr Management 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 | $2,185,155 |
| Investment income | $34,309 |
| 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 | $2,219,464 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $991,740 |
| Pension plan accruals and contributions | $78,848 |
| Other employee benefits | $446,968 |
| Payroll taxes | $87,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,500 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $79,486 |
| Information technology | $30,114 |
| Royalties | $0 |
| Occupancy | $473,002 |
| Travel | $11,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,918 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,511 |
| Insurance | $21,130 |
| All other expenses | $0 |
| Total functional expenses | $2,447,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,344,602 |
| Savings and temporary cash investments | $86,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150,361 |
| 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 | $22,721 |
| Net Land, buildings, and equipment | $171,133 |
| Investments—publicly traded securities | $1,972,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $274,317 |
| Other assets | $24,341 |
| Total assets | $4,046,470 |
| Accounts payable and accrued expenses | $90,289 |
| 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 | $340,579 |
| Total liabilities | $430,868 |
| 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 | $3,615,602 |
| Total liabilities and net assets/fund balances | $4,046,470 |