Milwaukee Area Sheet Metal Apprenticeship & Training Tr
- Assets
- $4.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Waukesha, WI
- Founding
- 12/1975
- Data as of
- 12/2022
- EIN
- 39-6256792
Organization Overview
Milwaukee Area Sheet Metal Apprenticeship & Training Tr is located in Waukesha, WI. The organization was established in 1975. 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 12/2022, Milwaukee Area Sheet Metal Apprenticeship & Training Tr employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Area Sheet Metal 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 12/2022, Milwaukee Area Sheet Metal Apprenticeship & Training Tr generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $934.9k during the year ending 12/2022. While expenses have increased by 5.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING AND EDUCATIONAL ASSISTANCE FOR APPRENTICES AND JOURNEYMEN SHEET METAL WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COORDINATION OF TRAINING AND EDUCATIONAL ASSISTANCE FOR APPRENTICE AND JOURNEYMEN SHEET METAL WORKERS.
APPRENTICE SCHOOLING COST REIMBURSEMENTS TO ELIGIBLE CONTRIBUTING EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Groeschel Jr Co-Chairman | OfficerTrustee | 2 | $0 |
Steuart Wilson Co-Chairman | OfficerTrustee | 2 | $0 |
Scott Knocke Alternate Truste | Trustee | 2 | $0 |
Doug Weis Trustee | Trustee | 2 | $0 |
Jack Schirpke Trustee | Trustee | 2 | $0 |
Matthew Lininger Trustee | Trustee | 2 | $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 | $2,242,777 |
| Investment income | $76,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $198,729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,518,132 |
| 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 | $252,204 |
| Pension plan accruals and contributions | $44,271 |
| Other employee benefits | $40,546 |
| Payroll taxes | $16,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,582 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,400 |
| Fees for services: Other | $12,655 |
| Advertising and promotion | $125 |
| Office expenses | $14,395 |
| Information technology | $6,658 |
| Royalties | $0 |
| Occupancy | $10,511 |
| Travel | $2,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,855 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,796 |
| Insurance | $10,171 |
| All other expenses | $27,618 |
| Total functional expenses | $934,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $628,781 |
| Savings and temporary cash investments | $91,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $391,754 |
| 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 | $2,065 |
| Net Land, buildings, and equipment | $41,810 |
| Investments—publicly traded securities | $3,040,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,949 |
| Total assets | $4,235,619 |
| Accounts payable and accrued expenses | $199,336 |
| 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 | $42,881 |
| Total liabilities | $242,217 |
| Net assets without donor restrictions | $3,993,402 |
| 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 | $4,235,619 |