Sheet Metal Workers Local No 33 Fringe Benefit Funds Inc
- Assets
- $6.6m
- Revenue
- $160.6k
- Investments
- $0.0
- Employees
- 27
- Location
- Parma, OH
- Founding
- 11/2005
- Data as of
- 04/2023
- EIN
- 34-1398805
Organization Overview
Sheet Metal Workers Local No 33 Fringe Benefit Funds Inc is located in Parma, OH. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 04/2023, Sheet Metal Workers Local No 33 Fringe Benefit Funds Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Local No 33 Fringe Benefit Funds Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 04/2023, Sheet Metal Workers Local No 33 Fringe Benefit Funds Inc generated $160.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $209.6k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. 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
PROVIDING ADMINISTRATIVE SERVICES TO UNION BENEFIT FUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN RECORDS OF ELIGIBILITY OF MEMBERS FOR THE PURPOSE OF PAYING HEALTH AND WELFARE BENEFITS AND PROCESSING CLAIMS FOR SHEET METAL WORKERS LOCAL 33 HEALTH AND WELFARE PLAN, AND ACCUMULATING CREDITS FOR MEMBERS PENSION ACCOUNT. IN ADDITION, THEY PROVIDE MISCELLANEOUS ADMINISTRATIVE SERVICES TO OTHER AFFILIATED BENEFIT PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Miller Chairman | Trustee | 2 | $0 |
Dave Larson Labor Trustee | Trustee | 1 | $0 |
Jerry Durieux Labor Trustee | Trustee | 1 | $0 |
Tom Martin Sectretary | Trustee | 2 | $0 |
John Sickle Jr Management Trustee | Trustee | 1 | $0 |
Don Skala 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 | $160,217 |
| Investment income | $377 |
| 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 | $160,594 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $119,315 |
| Fees for services: Legal | $17,799 |
| Fees for services: Accounting | $49,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,844 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,725 |
| All other expenses | $0 |
| Total functional expenses | $209,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,463,831 |
| Savings and temporary cash investments | $161,452 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,194 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,636,477 |
| Accounts payable and accrued expenses | $249,435 |
| 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 | $5,972,925 |
| Total liabilities | $6,222,360 |
| Net assets without donor restrictions | $414,117 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,636,477 |