Sheet Metal Workers Local 73 Apprentice Education & Training Fu
- Assets
- $7.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 164
- Location
- Bellwood, IL
- Founding
- 09/1965
- Data as of
- 06/2022
- 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 06/2022, Sheet Metal Workers Local 73 Apprentice Education & Training Fu employed 164 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 06/2022, Sheet Metal Workers Local 73 Apprentice Education & Training Fu generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 6.5% 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
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Mulhearn Apprentice Coordinator | Officer | 45 | $143,893 |
Patricia Hoffman Instructor | 45 | $127,204 | |
Leo Thier Instructor | 45 | $121,415 | |
Clifford Brooks Instructor | 45 | $121,414 | |
Damian Zermeno Instructor | 45 | $117,175 | |
Raymond Suggs Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $236,998 |
| 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 | $236,998 |
| Total Program Service Revenue | $2,714,662 |
| Investment income | $212,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$81,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,097,248 |
| 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. | $234,706 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,907,321 |
| Pension plan accruals and contributions | $270,196 |
| Other employee benefits | $274,320 |
| Payroll taxes | $139,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,798 |
| Fees for services: Accounting | $21,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,731 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $28,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $446,815 |
| Travel | $3,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,705 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,855 |
| Insurance | $82,421 |
| All other expenses | $0 |
| Total functional expenses | $3,749,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,287 |
| Savings and temporary cash investments | $328,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $291,749 |
| 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 | $21,910 |
| Net Land, buildings, and equipment | $815,162 |
| Investments—publicly traded securities | $5,704,826 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,201,124 |
| Accounts payable and accrued expenses | $359,395 |
| 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 | $359,395 |
| 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 | $6,841,729 |
| Total liabilities and net assets/fund balances | $7,201,124 |
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