Sheet Metal Contractors & Local 71 Educational & Training Fund
- Assets
- $358.9k
- Revenue
- $289.7k
- Investments
- $0.0
- Employees
- 17
- Location
- Buffalo, NY
- Founding
- 04/1970
- Data as of
- 05/2023
- EIN
- 23-7063000
Organization Overview
Sheet Metal Contractors & Local 71 Educational & Training Fund is located in Buffalo, NY. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 05/2023, Sheet Metal Contractors & Local 71 Educational & Training Fund employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Contractors & Local 71 Educational & Training Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 05/2023, Sheet Metal Contractors & Local 71 Educational & Training Fund generated $289.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $328.9k during the year ending 05/2023. 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 PROVIDE TRAINING AND RETRAINING PROGRAMS AND EDUCATIONAL PROGRAMS FOR ELIGIBLE SHEET METAL WORKER APPRENTICES AND JOURNEYMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOINT APPRENTICESHIP EDUCATION AND TRAINING FUND PROVIDED TRAINING CLASSES AND INSTRUCTION FOR ELIGIBLE APPRENTICES AND JOURNEYMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Benes Trustee | Trustee | 1 | $0 |
Jason Hunt Trustee | Trustee | 1 | $4,967 |
Edward Bender Jr Trustee | Trustee | 1 | $0 |
Paul Crist Trustee | Trustee | 1 | $0 |
Richard Delotto Trustee | Trustee | 1 | $0 |
Andrew Nowak 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 | $245,190 |
| Investment income | $2,694 |
| 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 | $289,681 |
| 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. | $5,588 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,884 |
| Pension plan accruals and contributions | $3,575 |
| Other employee benefits | $3,459 |
| Payroll taxes | $8,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,267 |
| Fees for services: Accounting | $14,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $545 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,758 |
| Information technology | $6,524 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,499 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,927 |
| Insurance | $9,434 |
| All other expenses | $0 |
| Total functional expenses | $328,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,179 |
| Savings and temporary cash investments | $4,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,256 |
| 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 | $7,251 |
| Net Land, buildings, and equipment | $174,504 |
| Investments—publicly traded securities | $111,777 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $358,872 |
| Accounts payable and accrued expenses | $17,727 |
| 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 | $17,511 |
| Total liabilities | $35,238 |
| 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 | $323,634 |
| Total liabilities and net assets/fund balances | $358,872 |