Sheet Metal Workers 104 & Bay Area Industry Training Fund
- Assets
- $46.2m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 87
- Location
- Livermore, CA
- Founding
- 08/1967
- Data as of
- 12/2021
- EIN
- 94-6138707
Organization Overview
Sheet Metal Workers 104 & Bay Area Industry Training Fund is located in Livermore, CA. The organization was established in 1967. 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 104 & Bay Area Industry Training Fund employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers 104 & Bay Area Industry 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 104 & Bay Area Industry Training Fund generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $10.6m during the year ending 12/2021. While expenses have increased by 8.6% 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
SHEET METAL WORKERS LOCAL 104 AND BAY AREA INDUSTRY TRAINING FUND IS A JOINT LABOR-MANAGEMENT TRUST DEDICATED TO PROVIDE MEN AND WOMEN OF THE SHEET METAL INDUSTRY THE HIGHEST LEVEL OF TRAINING, SKILLS AND KNOWLEDGE IN THIS TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE AND TRAIN ELIGIBLE EMPLOYEES (IN NORTHERN CALIFORNIA) IN ALL PHASES OF SHEET METAL INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad DE Young Trng Coord | 40 | $180,136 | |
Raymond D Gucho Trng Coord | 40 | $180,075 | |
Timothy S Myres Administrator | 40 | $180,075 | |
Benjamin A Rivera Administrator | 40 | $180,075 | |
Henry Funcke Curriculum Coord | 40 | $177,639 | |
Casey Van Den Heuvel Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Service By Medallion Janitorial | 12/30/20 | $118,291 |
Exibility Inc It Support | 12/30/20 | $111,811 |
Strategy Workplace Communication Job Training And Related Services | 12/30/20 | $104,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,586 |
| Related organizations | $0 |
| Government grants | $571,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,417 |
| Noncash contributions included in lines 1a–1f | $47,983 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $744,707 |
| Total Program Service Revenue | $8,499,221 |
| Investment income | $420,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $269,980 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$28,409 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,273,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $529,172 |
| 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 | $4,477,722 |
| Pension plan accruals and contributions | $1,048,056 |
| Other employee benefits | $1,295,620 |
| Payroll taxes | $312,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,365 |
| Fees for services: Accounting | $87,837 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,771 |
| Fees for services: Other | $20,576 |
| Advertising and promotion | $0 |
| Office expenses | $80,430 |
| Information technology | $57,642 |
| Royalties | $0 |
| Occupancy | $803,675 |
| Travel | $33,604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,628 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,259,908 |
| Insurance | $154,720 |
| All other expenses | $0 |
| Total functional expenses | $10,566,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,917,440 |
| Savings and temporary cash investments | $564,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,557,021 |
| 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 | $11,398 |
| Net Land, buildings, and equipment | $17,824,210 |
| Investments—publicly traded securities | $13,671,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,671,218 |
| Total assets | $46,216,539 |
| Accounts payable and accrued expenses | $826,005 |
| 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 | $1,204,314 |
| Total liabilities | $2,030,319 |
| 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 | $44,186,220 |
| Total liabilities and net assets/fund balances | $46,216,539 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sheet Metal Workers 104 & Bay Area Industry Training Fund has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
International Association Of Sheet Metal Air Rail & Transportation Livermore, CA PURPOSE: CHARITABLE DONATION | $10,000 |