Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund
- Assets
- $8.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 27
- Location
- Las Vegas, NV
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 88-0243760
Organization Overview
Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund is located in Las Vegas, NV. The organization was established in 1989. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund 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 12/2021, Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 6.2% 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
EDUCATION AND TRAINING OF SHEET METAL APPRENTICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CLASSROOM TRAINING AND SHOP EXPERIENCE FOR APPRENTICES AND JOURNEYMAN TO ENSURE THE QUALITY OF WORK OF THE SHEET METAL UNION LOCAL 88.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward M Abraham Training Director | Officer | 40 | $128,403 |
Steven L Vantine Employee | 40 | $117,803 | |
Geremiah Robnett Co-Chair - Labor | OfficerTrustee | 1 | $0 |
Angelo Iannucci Co-Chair - Management | OfficerTrustee | 1 | $0 |
Jeffrey Proffitt Co-Chair - Labor | OfficerTrustee | 1 | $0 |
Mandi Wilkins Trustee - Management | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $327,644 |
| 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 | $327,644 |
| Total Program Service Revenue | $1,904,532 |
| Investment income | $39,472 |
| 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 | $2,592,583 |
| 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. | $220,338 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $497,018 |
| Pension plan accruals and contributions | $63,465 |
| Other employee benefits | $64,883 |
| Payroll taxes | $53,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,679 |
| Fees for services: Accounting | $30,372 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,667 |
| Fees for services: Other | $32,407 |
| Advertising and promotion | $11,447 |
| Office expenses | $29,936 |
| Information technology | $14,430 |
| Royalties | $0 |
| Occupancy | $56,399 |
| Travel | $4,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,915 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,785 |
| Insurance | $31,528 |
| All other expenses | $0 |
| Total functional expenses | $1,687,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,671,985 |
| Savings and temporary cash investments | $560 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,659,447 |
| Investments—publicly traded securities | $2,993,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,325,707 |
| 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 | $1,050 |
| Total liabilities | $1,050 |
| 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 | $8,324,657 |
| Total liabilities and net assets/fund balances | $8,325,707 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carpenters Apprenticeship And Training Tr Fund For No Calif Oakland, CA | $171,540,821 | $34,465,200 |
Apprentice & Journeyman Trg Tr Fund Of So Ca Plmg Htg & Piping Indus Van Nuys, CA | $88,595,623 | $30,355,714 |
San Jose Conservation Corps San Jose, CA | $19,791,055 | $20,498,462 |
Ubc National Job Corps Training Fund Inc Las Vegas, NV | $4,409,802 | $17,106,276 |
Operating Engineers And Participating Employers Pre-Appren Alameda, CA | $54,508,711 | $21,288,899 |
Tehama County Opportunity Center Inc Red Bluff, CA | $4,972,535 | $13,091,627 |
Los Angeles Electrical Joint Apprenticeship & Educational Train City of Commerce, CA | $32,592,862 | $16,750,183 |
Downtown Streets Inc San Jose, CA | $3,579,891 | $11,604,871 |
Sheet Metal Workers 104 & Bay Area Industry Training Fund Livermore, CA | $46,216,539 | $11,273,871 |
Apprenticeship & Training Trust Fund Ua Local 342 Concord, CA | $41,675,509 | $8,305,239 |
Northwest Youth Corps Eugene, OR | $6,403,565 | $10,014,381 |
Uaw-Labor Employment And Training Corporation Cerritos, CA | $10,535,605 | $8,720,083 |