Civic Intelligence

Sheet Metal Workers Craft Training Fund Local Union 38

990 • Fiscal year 2019 • EIN 13-2622315

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 29, 2020

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

82nd percentile

0.50x

Higher debt load relative to assets than 82% of similar nonprofits.

2019 filings • NTEE J • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

1.08x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • NTEE J • $1M-$5M nonprofits • Source year 2019

Net Margin

78th percentile

19%

Higher net margin than 78% of similar nonprofits.

2019 filings • NTEE J • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

54th percentile

$128,718

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2019 filings • NTEE J • $1M-$5M nonprofits • Source year 2019

Asset Growth

26th percentile

-0.2%

Faster asset growth than 26% of similar nonprofits.

2019 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

1.1%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,227,038

Down $5,873 (-0.2%) from 2018

Net Assets

Up

$1,606,739

Up $283,414 (+21%) from 2018

Liabilities

Down

$1,620,299

Down $289,287 (-15%) from 2018

Revenue

Up

$1,505,266

Up $15,755 (+1.1%) from 2018

Expenses

Down

$1,221,852

Down $38,170 (-3.0%) from 2018

Net Income

Up

$283,414

Up $53,925 (+23%) from 2018

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

2019

Assets$3,227,038
Liabilities$1,620,299
Net Assets$1,606,739

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

2019

Revenue$1,505,266
Expenses$1,221,852
Net Income$283,414
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 29, 2020
Return Version
2018v3.1
Gross Receipts
$1,505,266
Mission and Program Overview

Mission

Training for Sheet Metal Workers Local Union 38

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,055,246$1,885,312▼ $169,934
Cash and Non-Interest-Bearing Accounts$1,046,800$1,194,135▲ $147,335
Accounts Receivable$104,692$120,960▲ $16,268
Prepaid Expenses and Deferred Charges$20,726$21,174▲ $448
Savings and Temporary Cash Investments$4,636$4,646▲ $10
Total Assets$3,232,911$3,227,038▼ $5,873
Other Assets Total$811$811→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,857,214$1,568,316▼ $288,898
Accounts Payable and Accrued Expenses$52,372$51,983▼ $389
Total Liabilities$1,909,586$1,620,299▼ $289,287
Net Assets / Fund Balance
Unrestricted Net Assets$1,315,714$1,589,967▲ $274,253
Temporarily Rstr Net Assets$7,611$16,772▲ $9,161
Total Net Assets Fund Balance$1,323,325$1,606,739▲ $283,414
Total Liabilities and Net Assets / Fund Balance$3,232,911$3,227,038▼ $5,873

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$567,986$4,938,729$5,506,715
Land$701,186-$701,186
Leasehold Improvements$458,063$224,998$683,061
Equipment$131,510$546,639$678,149
Other Land Buildings$26,567$12,584$39,151
Other Assets Org$811--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicholas Colombo JrTrustee-SecretaryPT-$128,718$128,718
Robert DutraAdministration-CoordinatorFT$124,653-$124,653
Michael ColomboTrustee-AltPT-$118,918$118,918
Gilbert Lester JrTrusteePT-$118,118$118,118
Joseph ColomboTrusteePT-$118,118$118,118

Board Members and Trustees

NameTitle
Lou DoroTrustee-Chairman
James DAnnibaleTrustee
Mark DipasqualeTrustee
Walter GreenwoodTrustee
Daniel HardenTrustee-Alt
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,475,570
Investment Income
$1
Other Revenue
$29,695
Change in Net Assets
$283,414

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,505,266
Total Revenue per Audited Statements
$1,505,266
Total Revenue per Form 990
$1,505,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$725,883
Salaries, Compensation, and Employee Benefits$495,969
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$250,477--$250,477
Other Expenses$248,753$12,129-$248,753
Other Salaries and Wages$91,653$78,584-$170,237
Current Officers, Directors, Trustees, and Key Employees-$124,653-$124,653
Pension Plan Contributions-$90,602-$90,602
Other Employee Benefits-$89,042-$89,042
Interest$78,555--$78,555
Fees for Services Accounting-$23,400-$23,400
Office Expenses$13,996$9,067-$23,063
Payroll Taxes-$21,435-$21,435
Insurance-$19,674-$19,674
Conferences and Meetings$2,601$11,744-$14,345
All Other Expenses$6,899--$6,899
Fees for Services Legal-$3,600-$3,600
Information Technology-$3,573-$3,573
Total Functional Expenses$734,349$487,503$0$1,221,852

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,221,852
Total Expenses per Audited Statements$1,221,852
Total Expenses per Form 990$1,221,852
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.If the Form 8868 is filed ( Extension). Then the Form 990 is reviewed with meetingwith the trustees, before it is filed.

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
Lou Doro
Title
Trustee-Chairma
Phone
8452786868
Signed
2020-04-29
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/PensionPlanContributionsGrp/ManagementAndGeneralAmt090602
IRS990/PensionPlanContributionsGrp/TotalAmt090602
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020726
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021174
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Contractor Contribution
IRS990/ProgramServiceRevenueGrp/Desc1Misc Training Courses
IRS990/ProgramServiceRevenueGrp/Desc2Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01140662
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2333508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01140662
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2333508
IRS990/ProgSrvcAccomActy2Grp/Desc0Training various levels of trade union skills relating to sheet metal workers union local 38
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0154469
IRS990/ProgSrvcAccomActy3Grp/Desc0Region One Contest
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt06899
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01
IRS990/PYOtherExpensesAmt0739924
IRS990/PYOtherRevenueAmt037439
IRS990/PYProgramServiceRevenueAmt01452071
IRS990/PYRevenuesLessExpensesAmt0229489
IRS990/PYSalariesCompEmpBnftPaidAmt0520098
IRS990/PYTotalExpensesAmt01260022
IRS990/PYTotalRevenueAmt01489511
IRS990/ReconcilationRevenueExpnssAmt0283414
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04636
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04646
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0567986
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04938729
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05506715
IRS990ScheduleD/EquipmentGrp/BookValueAmt0131510
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0546639
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0678149
IRS990ScheduleD/ExpensesSubtotalAmt01221852
IRS990ScheduleD/LandGrp/BookValueAmt0701186
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0701186
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0458063
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0224998
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0683061
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0811
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Exchange
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026567
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012584
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039151
IRS990ScheduleD/RevenueSubtotalAmt01505266
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01885312
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0811
IRS990ScheduleD/TotalExpensesPerForm990Amt01221852
IRS990ScheduleD/TotalRevenuePerForm990Amt01505266
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01505266
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01221852
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.If the Form 8868 is filed ( Extension). Then the Form 990 is reviewed with meetingwith the trustees, before it is filed.
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt07611
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt016772
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03232911
IRS990/TotalAssetsEOYAmt03227038
IRS990/TotalAssetsGrp/BOYAmt03232911
IRS990/TotalAssetsGrp/EOYAmt03227038
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0487503
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0734349
IRS990/TotalFunctionalExpensesGrp/TotalAmt01221852
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01909586
IRS990/TotalLiabilitiesEOYAmt01620299
IRS990/TotalLiabilitiesGrp/BOYAmt01909586
IRS990/TotalLiabilitiesGrp/EOYAmt01620299
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01323325
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01606739
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0734349
IRS990/TotalProgramServiceRevenueAmt01475570
IRS990/TotalReportableCompFromOrgAmt0124653
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01505266
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01505266
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03232911
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03227038
IRS990/TotReportableCompRltdOrgAmt0483872
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01315714
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01589967
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lou Doro
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee-Chairma
ReturnHeader/BusinessOfficerGrp/PhoneNum08452786868
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sheet Metal Workers Craft Training

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
2019Detailed filing. Detailed filing data is available for this year.$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