Civic Intelligence

Sheet Metal Workers Craft Training Fund Local Union 38

990 • Fiscal year 2018 • EIN 13-2622315

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 12, 2018

PO Box 119 38 Starr Ridge RoadBrewster, NY 10509

(914) 278-6868

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.59x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • NTEE J • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

1.28x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • NTEE J • $1M-$5M nonprofits • Source year 2018

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2018 filings • NTEE J • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$124,306

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2018 filings • NTEE J • $1M-$5M nonprofits • Source year 2018

Asset Growth

29th percentile

-2.1%

Faster asset growth than 29% of similar nonprofits.

2018 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

62nd percentile

8.7%

Faster revenue growth than 62% of similar nonprofits.

2018 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,232,911

Down $67,963 (-2.1%) from 2017

Net Assets

Up

$1,323,325

Up $229,489 (+21%) from 2017

Liabilities

Down

$1,909,586

Down $297,452 (-13%) from 2017

Revenue

Up

$1,489,511

Up $119,664 (+8.7%) from 2017

Expenses

Up

$1,260,022

Up $9,737 (+0.8%) from 2017

Net Income

Up

$229,489

Up $109,927 (+92%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,673,741Liabilities 2011: $3,620,368Net Assets 2011: $53,3732011Assets 2012: $3,592,085Liabilities 2012: $3,421,656Net Assets 2012: $170,4292012Assets 2013: $3,575,703Liabilities 2013: $3,194,801Net Assets 2013: $380,9022013Assets 2014: $3,453,896Liabilities 2014: $2,968,853Net Assets 2014: $485,0432014Assets 2015: $3,635,666Liabilities 2015: $2,724,363Net Assets 2015: $911,3032015Assets 2016: $3,434,518Liabilities 2016: $2,460,244Net Assets 2016: $974,2742016Assets 2017: $3,300,874Liabilities 2017: $2,207,038Net Assets 2017: $1,093,8362017Assets 2018: $3,232,911Liabilities 2018: $1,909,586Net Assets 2018: $1,323,3252018Assets 2019: $3,227,038Liabilities 2019: $1,620,299Net Assets 2019: $1,606,7392019Assets 2020: $3,166,523Liabilities 2020: $1,392,466Net Assets 2020: $1,774,0572020Assets 2021: $2,996,120Liabilities 2021: $996,285Net Assets 2021: $1,999,8352021Assets 2022: $2,711,099Liabilities 2022: $676,021Net Assets 2022: $2,035,0782022Assets 2023: $2,648,037Liabilities 2023: $332,029Net Assets 2023: $2,316,0082023Assets 2024: $2,710,949Liabilities 2024: $69,075Net Assets 2024: $2,641,8742024

Highlighted filing

2018

Assets$3,232,911
Liabilities$1,909,586
Net Assets$1,323,325

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Expenses 2011: $1,147,9692011Revenue 2012: $1,267,416Expenses 2012: $1,150,360Net Income 2012: $117,0562012Revenue 2013: $1,367,631Expenses 2013: $1,157,160Net Income 2013: $210,4712013Revenue 2014: $1,297,047Expenses 2014: $1,192,906Net Income 2014: $104,1412014Revenue 2015: $1,627,336Expenses 2015: $1,201,076Net Income 2015: $426,2602015Revenue 2016: $1,273,047Expenses 2016: $1,210,078Net Income 2016: $62,9692016Revenue 2017: $1,369,847Expenses 2017: $1,250,285Net Income 2017: $119,5622017Revenue 2018: $1,489,511Expenses 2018: $1,260,022Net Income 2018: $229,4892018Revenue 2019: $1,505,266Expenses 2019: $1,221,852Net Income 2019: $283,4142019Revenue 2020: $1,333,899Expenses 2020: $1,166,613Net Income 2020: $167,2862020Revenue 2021: $1,300,336Expenses 2021: $1,074,558Net Income 2021: $225,7782021Revenue 2022: $1,197,381Expenses 2022: $1,162,138Net Income 2022: $35,2432022Revenue 2023: $1,372,866Expenses 2023: $1,091,876Net Income 2023: $280,9902023Revenue 2024: $1,382,179Expenses 2024: $1,056,313Net Income 2024: $325,8662024

Highlighted filing

2018

Revenue$1,489,511
Expenses$1,260,022
Net Income$229,489
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 12, 2018
Return Version
2017v2.2
Gross Receipts
$1,489,511
Mission and Program Overview

Mission

Training for Sheet Metal Workers Local Union 38

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,292,121$2,055,246▼ $236,875
Cash and Non-Interest-Bearing Accounts$889,235$1,046,800▲ $157,565
Accounts Receivable$95,350$104,692▲ $9,342
Prepaid Expenses and Deferred Charges$18,721$20,726▲ $2,005
Savings and Temporary Cash Investments$4,635$4,636▲ $1
Total Assets$3,300,874$3,232,911▼ $67,963
Other Assets Total$812$811▼ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,133,167$1,857,214▼ $275,953
Accounts Payable and Accrued Expenses$73,871$52,372▼ $21,499
Total Liabilities$2,207,038$1,909,586▼ $297,452
Net Assets / Fund Balance
Unrestricted Net Assets$1,087,190$1,315,714▲ $228,524
Temporarily Rstr Net Assets$6,646$7,611▲ $965
Total Net Assets Fund Balance$1,093,836$1,323,325▲ $229,489
Total Liabilities and Net Assets / Fund Balance$3,300,874$3,232,911▼ $67,963

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$742,802$4,763,913$5,506,715
Land$701,186-$701,186
Leasehold Improvements$443,135$204,196$647,331
Equipment$135,963$500,848$636,811
Other Land Buildings$32,160$6,991$39,151
Other Assets Org$811--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert DutraAdministration-CoordinatorFT$124,306-$124,306
Nicholas Colombo JrTrustee-ChairmanPT-$123,066$123,066
Gilbert Lester JrTrusteePT-$119,266$119,266
Joseph ColomboTrusteePT-$118,766$118,766
Michael ColomboTrustee-AltPT-$118,466$118,466

Board Members and Trustees

NameTitle
Mark DipasqualeTrustee
Walter GreenwoodTrustee
Daniel HardenTrustee-Alt
James DAnnibaleTrustee-Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,452,071
Investment Income
$1
Other Revenue
$37,439
Change in Net Assets
$229,489

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,489,511
Total Revenue per Audited Statements
$1,489,511
Total Revenue per Form 990
$1,489,511
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$739,924
Salaries, Compensation, and Employee Benefits$520,098
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$247,705--$247,705
Other Expenses$247,004$13,441-$247,004
Other Salaries and Wages$85,020$97,765-$182,785
Current Officers, Directors, Trustees, and Key Employees-$124,306-$124,306
Other Employee Benefits-$96,480-$96,480
Pension Plan Contributions-$91,708-$91,708
Interest$91,532--$91,532
Office Expenses$17,279$11,859-$29,138
Payroll Taxes-$24,819-$24,819
Fees for Services Accounting-$24,425-$24,425
Conferences and Meetings$9,182$9,050-$18,232
Insurance-$17,883-$17,883
All Other Expenses$15,605--$15,605
Fees for Services Legal-$3,600-$3,600
Information Technology-$1,057-$1,057
Total Functional Expenses$743,629$516,393$0$1,260,022

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,260,022
Total Expenses per Audited Statements$1,260,022
Total Expenses per Form 990$1,260,022
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The Form 990 is reviewed in the October/November meeting with trustees.

Conflict of interest policy compliance Part VI line 12C

Reviewed annually...review quarterly in minutes

Governing documents etc available to public Part VI line 19

Not a public company Form 990 open to public inspection and upon request

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Craft Training
EIN
13-2622315
Address
PO Box 119 38 Starr Ridge Road, Brewster, NY 10509

Signing Officer

Name
Nicholas Colombo JR
Title
Trustee-Chairma
Phone
8452786868
Signed
2018-12-12
Discuss with paid preparer
Yes

Organization Details

Formed
1978
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
0
Employees
16

Preparer

Firm
Hummel & Butler CPAs PC
Address
562 Commerce Street, Thornwood, NY 10594
Preparer
Joseph D Butler
Phone
9147698419
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2337149
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01113522
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2337149
IRS990/ProgSrvcAccomActy2Grp/Desc0Training various levels of trade union skills relating to sheet metal workers union local 38
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0143625
IRS990/ProgSrvcAccomActy3Grp/Desc0Region One Contest
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015605
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-3315
IRS990/PYOtherExpensesAmt0773890
IRS990/PYOtherRevenueAmt054676
IRS990/PYProgramServiceRevenueAmt01318386
IRS990/PYRevenuesLessExpensesAmt0119462
IRS990/PYSalariesCompEmpBnftPaidAmt0476395
IRS990/PYTotalExpensesAmt01250285
IRS990/PYTotalRevenueAmt01369747
IRS990/ReconcilationRevenueExpnssAmt0229489
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04635
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04636
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0742802
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04763913
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05506715
IRS990ScheduleD/EquipmentGrp/BookValueAmt0135963
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0500848
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0636811
IRS990ScheduleD/ExpensesSubtotalAmt01260022
IRS990ScheduleD/LandGrp/BookValueAmt0701186
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0701186
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0443135
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0204196
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0647331
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0811
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Exchange
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt032160
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06991
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039151
IRS990ScheduleD/RevenueSubtotalAmt01489511
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02055246
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0811
IRS990ScheduleD/TotalExpensesPerForm990Amt01260022
IRS990ScheduleD/TotalRevenuePerForm990Amt01489511
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01489511
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01260022
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0No Financial AssistanceNo Soliciting Contributions
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Record maintenances (Questions 4a, 4b, 4c or 4d)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed in the October/November meeting with trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Reviewed annually...review quarterly in minutes
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Not a public company Form 990 open to public inspection and upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt06646
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt07611
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03300874
IRS990/TotalAssetsEOYAmt03232911
IRS990/TotalAssetsGrp/BOYAmt03300874
IRS990/TotalAssetsGrp/EOYAmt03232911
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0516393
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0743629
IRS990/TotalFunctionalExpensesGrp/TotalAmt01260022
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02207038
IRS990/TotalLiabilitiesEOYAmt01909586
IRS990/TotalLiabilitiesGrp/BOYAmt02207038
IRS990/TotalLiabilitiesGrp/EOYAmt01909586
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01093836
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01323325
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0743629
IRS990/TotalProgramServiceRevenueAmt01452071
IRS990/TotalReportableCompFromOrgAmt0124306
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01489511
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01489511
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03300874
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03232911
IRS990/TotReportableCompRltdOrgAmt0479564
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01087190
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01315714
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Nicholas Colombo JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee-Chairma
ReturnHeader/BusinessOfficerGrp/PhoneNum08452786868
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sheet Metal Workers Craft Training
ReturnHeader/Filer/BusinessNameControlTxt0SHEE
ReturnHeader/Filer/EIN0132622315
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 119 38 Starr Ridge Road
ReturnHeader/Filer/USAddress/CityNm0Brewster
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010509
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EDE5C7C7944CC58D3BA66B30BEBEC7B93CAF18B2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EDE5C7C7944CC58D3BA66B30BEBEC7B93CAF18B2
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId01331302019088c12xnq4
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-03-29
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.71$0.07$2.64$1.38$1.06$0.33
2023Detailed filing. Detailed filing data is available for this year.$2.65$0.33$2.32$1.37$1.09$0.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.68$2.04$1.20$1.16$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.00$1.00$2.00$1.30$1.07$0.23
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$1.39$1.77$1.33$1.17$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.23$1.62$1.61$1.51$1.22$0.28
2018Detailed filing. Detailed filing data is available for this year.$3.23$1.91$1.32$1.49$1.26$0.23
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$2.21$1.09$1.37$1.25$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$2.46$0.97$1.27$1.21$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.64$2.72$0.91$1.63$1.20$0.43
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.45$2.97$0.49$1.30$1.19$0.10
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.58$3.19$0.38$1.37$1.16$0.21
2012Summary only. Only limited summary data is available for this year.$3.59$3.42$0.17$1.27$1.15$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.67$3.62$0.05$1.15