Sheet Metal Workers Training Fund
- Assets
- $9.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 19
- Location
- Honolulu, HI
- Founding
- 09/1969
- Data as of
- 01/2024
- EIN
- 99-6009480
Organization Overview
Sheet Metal Workers Training Fund is located in Honolulu, HI. The organization was established in 1969. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 01/2024, Sheet Metal Workers Training Fund employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Training Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 01/2024, Sheet Metal Workers Training Fund generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $737.6k during the year ending 01/2024. While expenses have increased by 2.9% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING BENEFITS TO EMPLOYEES WHO SATISFY THE ELIGIBILITY REQUIREMENTS FOR BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRENTICESHIP TRAINING PROGRAM - COORDINATE AND CONDUCT THE SHEET METAL APPRENTICESHIP PROGRAM.
INSTRUCTORS TRAINING PROGRAM- COORDINATE AND CONDUCT TRAINING PROGRAMS FOR INSTRUCTIONS FOR OTHER SHEET METAL TRAINING PROGRAMS.
SAFETY TRAINING PROGRAM - COORDINATE AND CONDUCT FIRST AID CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aldon Kaopuiki Trustee | Trustee | 1 | $0 |
Arthur B Tolentino Trustee | Trustee | 1 | $0 |
Glenn Saito Trustee (feb-Sept) | Trustee | 1 | $0 |
Jeanine Lum Trustee | Trustee | 1 | $0 |
Kevin Hirayama Trustee | Trustee | 1 | $0 |
Marc Rifkind Trustee | Trustee | 1 | $0 |
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 | $1,248,109 |
| Investment income | $337,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,104,470 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,728,306 |
| 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 | $162,557 |
| Pension plan accruals and contributions | $7,750 |
| Other employee benefits | $32,380 |
| Payroll taxes | $72,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,497 |
| Fees for services: Accounting | $48,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,034 |
| Fees for services: Other | $3,236 |
| Advertising and promotion | $0 |
| Office expenses | $13,215 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,310 |
| Travel | $10,996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,332 |
| All other expenses | $6,302 |
| Total functional expenses | $737,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,388 |
| Savings and temporary cash investments | $43,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $190,546 |
| 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 | $2,829 |
| Net Land, buildings, and equipment | $59,993 |
| Investments—publicly traded securities | $8,641,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,092 |
| Total assets | $9,190,429 |
| Accounts payable and accrued expenses | $25,646 |
| 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 | $37,725 |
| Total liabilities | $63,371 |
| 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 | $9,127,058 |
| Total liabilities and net assets/fund balances | $9,190,429 |