Sheet Metal Workers Local 73 Apprentice Education & Training Fu
- Assets
- $6.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 158
- Location
- Bellwood, IL
- Founding
- 09/1965
- Data as of
- 06/2023
- EIN
- 36-6127341
Organization Overview
Sheet Metal Workers Local 73 Apprentice Education & Training Fu is located in Bellwood, IL. The organization was established in 1965. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Sheet Metal Workers Local 73 Apprentice Education & Training Fu employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Local 73 Apprentice Education & Training Fu is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, Sheet Metal Workers Local 73 Apprentice Education & Training Fu generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.7m during the year ending 06/2023. While expenses have increased by 5.4% 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
TO PROVIDE FOR THE SUPPORT, MAINTENANCE AND ADMINISTRATION OF THE PROGRAM FOR THE TRAINING OF APPRENTICES AND JOURNEYMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOR THE SUPPORT, MAINTENANCE AND ADMINISTRATION OF THE PROGRAM FOR TRAINING APPRENTICES AND JOURNEYMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Suggs Trustee | Trustee | 0.5 | $0 |
Mike May Trustee | Trustee | 0.5 | $0 |
Dan Ahern Trustee | Trustee | 0.5 | $0 |
Jerry Manta Trustee | Trustee | 0.5 | $0 |
James Cesak Trustee | Trustee | 0.5 | $0 |
Joseph Passannante Trustee | Trustee | 0.5 | $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 | $27,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,000 |
| Total Program Service Revenue | $3,035,835 |
| Investment income | $185,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,737 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,274,309 |
| 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. | $244,911 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,882,963 |
| Pension plan accruals and contributions | $276,467 |
| Other employee benefits | $342,958 |
| Payroll taxes | $133,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,080 |
| Fees for services: Accounting | $22,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,139 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,494 |
| Office expenses | $41,690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $382,910 |
| Travel | $4,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,619 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,867 |
| Insurance | $97,540 |
| All other expenses | $0 |
| Total functional expenses | $3,667,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,881 |
| Savings and temporary cash investments | $135,182 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $327,816 |
| 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 | $17,197 |
| Net Land, buildings, and equipment | $765,772 |
| Investments—publicly traded securities | $5,564,623 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,878,471 |
| Accounts payable and accrued expenses | $365,701 |
| 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 | $0 |
| Total liabilities | $365,701 |
| 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 | $6,512,770 |
| Total liabilities and net assets/fund balances | $6,878,471 |