Sheet Metal Workers Local 20 Apprenticeship & Training Tr
- Assets
- $7.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Indianapolis, IN
- Founding
- 02/2003
- Data as of
- 06/2023
- EIN
- 35-1154275
Organization Overview
Sheet Metal Workers Local 20 Apprenticeship & Training Tr is located in Indianapolis, IN. The organization was established in 2003. 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 06/2023, Sheet Metal Workers Local 20 Apprenticeship & Training Tr employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Local 20 Apprenticeship & Training Tr 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 06/2023, Sheet Metal Workers Local 20 Apprenticeship & Training Tr generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.6m during the year ending 06/2023. While expenses have increased by 7.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING FOR SHEET METAL INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION AND TRAINING FOR THE ADVANCEMENT OF SHEET METAL WORKER APPRENTICES AND JOURNEYMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Scott Parks Trustee - Past | Trustee | 1 | $0 |
Hank Meyers Trustee | Trustee | 1 | $0 |
Jeff Hamilton Trustee - Past | Trustee | 1 | $0 |
Trent Todd Trustee | Trustee | 1 | $0 |
Shaun Reinoehl Trustee | Trustee | 1 | $0 |
Darryl Esterline 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 | $4,399,737 |
| Investment income | $37,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,391 |
| Net Gain/Loss on Asset Sales | $5,658 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,582,432 |
| 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. | $203,181 |
| Compensation of current officers, directors, key employees. | $60,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $974,703 |
| Pension plan accruals and contributions | $405,226 |
| Other employee benefits | $290,960 |
| Payroll taxes | $83,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,774 |
| Fees for services: Accounting | $44,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $934 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,185 |
| Office expenses | $54,145 |
| Information technology | $24,617 |
| Royalties | $0 |
| Occupancy | $385,882 |
| Travel | $37,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,982 |
| Insurance | $68,739 |
| All other expenses | $27 |
| Total functional expenses | $4,567,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,965,886 |
| Savings and temporary cash investments | $477,785 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $400 |
| Net Land, buildings, and equipment | $3,657,091 |
| Investments—publicly traded securities | $962,798 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,064 |
| Total assets | $7,071,024 |
| Accounts payable and accrued expenses | $0 |
| 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 | $577,409 |
| Total liabilities | $577,409 |
| 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 | $6,493,615 |
| Total liabilities and net assets/fund balances | $7,071,024 |