International Association Of Sheet Metal Air Rail & Transportation
- Assets
- $672.5k
- Revenue
- $755.0k
- Investments
- $0.0
- Employees
- 48
- Location
- Faribault, MN
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 41-6076450
Organization Overview
International Association Of Sheet Metal Air Rail & Transportation, operating under the name Sheet Metal Workers International, is located in Faribault, MN. The organization was established in 2015. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Sheet Metal Workers International employed 48 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sheet Metal Workers International is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Sheet Metal Workers International generated $755.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $722.1k during the year ending 12/2021. While expenses have increased by 7.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SETTLE DISPUTES BETWEEN UNION MEMBERS AND THEIR EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SETTLE DISPUTES BETWEEN UNION MEMBERS AND THEIR EMPLOYERS. TO ENSURE THAT MEMBERS ARE TREATED FAIRLY AND HAVE SAFE WORKING CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Newman Financial Se | Officer | 10 | $9,322 |
Pat Graff Vice Preside | Officer | 2 | $4,777 |
Theodore Rothstien President | Officer | 2 | $3,653 |
Adam Mcdonald Recording Se | Officer | 2 | $3,503 |
Shawn Schrot Trustee | Trustee | 2 | $1,535 |
Glenn Hanson Exec Board | Trustee | 2 | $1,444 |
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 | $640,378 |
| Investment income | $23,584 |
| 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 | $755,039 |
| 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 | $300,311 |
| Pension plan accruals and contributions | $44,628 |
| Other employee benefits | $0 |
| Payroll taxes | $24,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,348 |
| Fees for services: Accounting | $0 |
| 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 | $8,088 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,470 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,488 |
| Interest | $8,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,439 |
| Insurance | $12,708 |
| All other expenses | $5,005 |
| Total functional expenses | $722,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,767 |
| Savings and temporary cash investments | $345 |
| 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 | $3,614 |
| Prepaid expenses and deferred charges | $2,098 |
| Net Land, buildings, and equipment | $248,409 |
| Investments—publicly traded securities | $301,244 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $672,477 |
| Accounts payable and accrued expenses | $22,931 |
| 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 | $144,198 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $282 |
| Total liabilities | $167,411 |
| Net assets without donor restrictions | $505,066 |
| 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 | $672,477 |
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