National Stabilization Agreement Of Sheet Metal Workers Industry Tr Fd
- Assets
- $1.4b
- Revenue
- $151.8m
- Investments
- $500.6m
- Employees
- 3,216
- Location
- Falls Church, VA
- Founding
- 10/1973
- Data as of
- 12/2021
- EIN
- 23-7315003
Organization Overview
National Stabilization Agreement Of Sheet Metal Workers Industry Tr Fd is located in Falls Church, VA. The organization was established in 1973. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, National Stabilization Agreement Of Sheet Metal Workers Industry Tr Fd employed 3,216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Stabilization Agreement Of Sheet Metal Workers Industry Tr Fd is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, National Stabilization Agreement Of Sheet Metal Workers Industry Tr Fd generated $151.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $58.2m during the year ending 12/2021. While expenses have increased by 4.8% 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
TO PROVIDE HEALTH & WELFARE, SUPPLEMENTAL UNEMPLOYMENT AND UNDEREMPLOYMENT BENEFITS, SPECIAL TRAVEL, SEVERANCE, DEATH, MATERNITY, BENEVOLENT RELIEF, RETIREE HEALTH PREMIUM REIMBURSEMENTS, AND RETIREE HEALTH CARE REIMBURSEMENT ACCOUNT BENEFITS FOR PURPOSE OF STABILIZING THE ECONOMIC WELL BEING OF SHEET METAL WORKERS AND EMPLOYEES MEETING THE REQUIREMENTS SPECIFIED IN THE PLAN DOCUMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH & WELFARE, SUPPLEMENTAL UNEMPLOYMENT AND UNDEREMPLOYMENT BENEFITS, SPECIAL TRAVEL, SEVERANCE, DEATH, MATERNITY, BENEVOLENT RELIEF, RETIREE HEALTH PREMIUM REIMBURSEMENTS, AND RETIREE HEALTH CARE REIMBURSEMENT ACCOUNT BENEFITS FOR PURPOSE OF STABILIZING THE ECONOMIC WELL BEING OF SHEET METAL WORKERS AND EMPLOYEES MEETING THE REQUIREMENTS SPECIFIED IN THE PLAN DOCUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Colombo Administrator | Officer | 40 | $188,232 |
Nicholas Devore Senior It Developer | 40 | $110,999 | |
Kathy Hickey Benefits Manager | 40 | $103,499 | |
Scott Parks Trustee | Trustee | 4 | $0 |
John Daniel Trustee | Trustee | 4 | $0 |
Anthony Castrello Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aristotle Capital Management Investment Manager | 12/30/21 | $495,311 |
Tcw Asset Management Co Llc Investment Manager | 12/30/21 | $727,793 |
Graystone Consulting Investment Manager | 12/30/21 | $641,665 |
Segal Benz Consultant | 12/30/21 | $329,111 |
Ziegler Capital Management Investment Manager | 12/30/21 | $291,139 |
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 | $69,897,182 |
| Investment income | $21,444,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,437,033 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,786,924 |
| 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 | $50,297,615 |
| Compensation of current officers, directors, key employees. | $245,075 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $865,919 |
| Pension plan accruals and contributions | $166,010 |
| Other employee benefits | $248,667 |
| Payroll taxes | $74,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,816 |
| Fees for services: Accounting | $114,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,392,785 |
| Fees for services: Other | $976,794 |
| Advertising and promotion | $9,338 |
| Office expenses | $236,794 |
| Information technology | $166,851 |
| Royalties | $0 |
| Occupancy | $185,949 |
| Travel | $2,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,153 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,084 |
| Insurance | $91,744 |
| All other expenses | $0 |
| Total functional expenses | $58,230,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,651 |
| Savings and temporary cash investments | $115,566,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,642,063 |
| 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 | $12,269 |
| Net Land, buildings, and equipment | $105,442 |
| Investments—publicly traded securities | $818,564,127 |
| Investments—other securities | $500,569,177 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,444,601,177 |
| Accounts payable and accrued expenses | $1,567,016 |
| 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 | $235,605 |
| Total liabilities | $1,802,621 |
| 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 | $1,442,798,556 |
| Total liabilities and net assets/fund balances | $1,444,601,177 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Board Of Trustees Of National Iam B Enefit Trust Fund Washington, DC | $108,324,998 | $109,808,800 |
Kindred Operating Inc Benefit Trust Louisville, KY | $0 | $114,052,809 |
Sodexho Inc Gaithersburg, MD | $2,033,720 | $97,753,706 |
United Mine Workers Of America 1992 Benefit Fund Washington, DC | $91,435,529 | $93,482,650 |
Seafarers Health And Benefits Plan Camp Springs, MD | $361,329,648 | $134,289,956 |
Railroad Employees National Dental Plan And Trust Arlington, VA | $18,437,923 | $95,306,519 |
Major League Baseball Players Welfare Plan Sparks, MD | $102,987,499 | $91,126,432 |
Federal Express Corporation Wage Continuation Trust Collierville, TN | $1,372,581 | $82,936,752 |
4th District Ibew Health Fund Ona, WV | $62,184,887 | $82,305,035 |
Hendrick Automotive Group Employee Benefit Trust Charlotte, NC | $16,447,388 | $78,698,488 |
M M & P Health & Benefit Fund Linthicum Heights, MD | $64,051,894 | $79,890,860 |
Teamsters Joint Council-83 Of Virginia Health & Welfare Insuranc Richmond, VA | $132,877,433 | $82,556,790 |