Sheet Metal Training Fund
- Assets
- $8.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Portland, OR
- Founding
- 03/1970
- Data as of
- 12/2023
- EIN
- 93-6053828
Organization Overview
Sheet Metal Training Fund is located in Portland, OR. The organization was established in 1970. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Sheet Metal Training Fund employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal 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 12/2023, Sheet Metal Training Fund generated $3.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 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
LEADER IN THE RECRUITMENT, EDUCATION & TRAINING OF SKILLED CRAFTSPEOPLE IN THE SHEET METAL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMTF OFFERS UNMATCHED TRAINING IN THE SHEET METAL INDUSTRY. OUR DEDICATED TEAM PROVIDES THE HIGHEST LEVEL OF TRAINING TO ENSURE OUR APPRENTICES AND JOURNEYPERSONS ENJOY SUCCESSFUL CAREERS WHILE OFFERING OUR CONTRACTORS THE BEST TRAINED WORKFORCE IN THE INDUSTRY. OUR FACILITIES ARE STATE-OF-THE-ART, BUT LIKE ANY GREAT ORGANIZATION, OUR GREATEST ASSET IS OUR PEOPLE. OUR FULL-TIME STAFF HAS MORE THAN 200 YEARS OF SHEET METAL EXPERIENCE AND 40 YEARS OF TEACHING EXPERIENCE.OUR AREAS OF INSTRUCTION INCLUDE HVAC, ARCHITECTURAL AND INDUSTRIAL SHEET METAL, AND SERVICE. OUR UNION SHEET METAL APPRENTICESHIP WAS ESTABLISHED OVER 100 YEARS AGO. THE MODERN APPRENTICESHIP TRAINING AS WE KNOW IT TODAY HAS BEEN IN PLACE SINCE 1973. WE MOVED INTO OUR CURRENT PORTLAND CAMPUS IN 1995. TO BETTER SERVE CENTRAL AND SOUTHERN OREGON, WE OPENED OUR SECOND CAMPUS IN SPRINGFIELD IN 2011. OVER 300 APPRENTICES ARE ENROLLED IN OUR 5-YEAR PROGRAM AT ANY GIVEN TIME. EACH YEAR, WE "TURN OUT OR GRADUATE AN AVERAGE OF 75 APPRENTICES. THROUGH HARD WORK AND DEDICATION, APPRENTICES EARN THEIR JOURNEY CARD AND OFFICIALLY BECOME JOURNEYPERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Postma Executive Administrator Of Training | Officer | 40 | $128,796 |
Ben Wood Training Coordinator | 40 | $121,014 | |
Paul Culp Instructor | 40 | $119,105 | |
Huy Thompson Instructor | 40 | $116,528 | |
Todd Stevens Instructor | 40 | $116,096 | |
Richard Doty Instructor | 40 | $115,754 |
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 | $2,773,815 |
| Investment income | $112,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $96,072 |
| Net Gain/Loss on Asset Sales | -$84,540 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,005,659 |
| 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. | $177,165 |
| Compensation of current officers, directors, key employees. | $56,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,123,860 |
| Pension plan accruals and contributions | $186,181 |
| Other employee benefits | $315,409 |
| Payroll taxes | $120,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,116 |
| Fees for services: Accounting | $72,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,837 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,508 |
| Office expenses | $161,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,348 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,448 |
| Insurance | $52,714 |
| All other expenses | $37,062 |
| Total functional expenses | $3,026,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,003 |
| Savings and temporary cash investments | $131,937 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $45,006 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $60,742 |
| Net Land, buildings, and equipment | $3,996,068 |
| Investments—publicly traded securities | $3,249,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,914 |
| Total assets | $8,071,570 |
| Accounts payable and accrued expenses | $276,305 |
| 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 | $1,972 |
| Total liabilities | $278,277 |
| Net assets without donor restrictions | $7,793,293 |
| 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 | $8,071,570 |