Sheet Metal Workers 104 & Bay Area Industry Training Fund
- Assets
- $52.0m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 90
- Location
- Livermore, CA
- Founding
- 08/1967
- Data as of
- 12/2022
- 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 12/2022, Sheet Metal Workers 104 & Bay Area Industry Training Fund employed 90 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 12/2022, Sheet Metal Workers 104 & Bay Area Industry Training Fund generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $11.3m during the year ending 12/2022. While expenses have increased by 8.4% 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
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATED AND TRAINED 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 |
|---|---|---|---|
Ben Rivera Co-Administrators | 40 | $186,843 | |
Tim Myres Co-Administrators | 40 | $186,843 | |
Brad DE Young Training Coordinator | 40 | $186,909 | |
Henry Funcke Curriculum Coordinator | 40 | $180,813 | |
Pat Pico Ft Instructor | 40 | $183,936 | |
Paul D Irwin Co-Chair/trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Service By Medallion Janitorial | 12/30/22 | $122,297 |
Jm O' Neill Inc Contractor | 12/30/22 | $10,780,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $146,225 |
| Related organizations | $0 |
| Government grants | $439,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,312 |
| Noncash contributions included in lines 1a–1f | $50,031 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $666,769 |
| Total Program Service Revenue | $8,566,083 |
| Investment income | $231,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,102,135 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$27,290 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,876,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $542,892 |
| 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 | $4,439,986 |
| Pension plan accruals and contributions | $948,470 |
| Other employee benefits | $1,333,444 |
| Payroll taxes | $310,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,003 |
| Fees for services: Accounting | $106,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,669 |
| Fees for services: Other | $93,867 |
| Advertising and promotion | $0 |
| Office expenses | $93,097 |
| Information technology | $65,029 |
| Royalties | $0 |
| Occupancy | $1,118,746 |
| Travel | $49,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,926 |
| Interest | $110,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,351,191 |
| Insurance | $175,982 |
| All other expenses | $0 |
| Total functional expenses | $11,301,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,587,723 |
| Savings and temporary cash investments | $1,809,876 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,412,502 |
| 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 | $4,768 |
| Net Land, buildings, and equipment | $35,561,180 |
| Investments—publicly traded securities | $6,651,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,027,601 |
| Accounts payable and accrued expenses | $559,150 |
| 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 | $1,106,388 |
| Total liabilities | $1,665,538 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $52,027,601 |