Civic Intelligence

Metropolitan Chicagoland Sheet Metal Industry Fund

990 • Fiscal year 2022 • EIN 23-7218399

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 15, 2022

Organization ProfileN/A

View Organization Page

1415 W 22nd Street Ste 1200Oak Brook, IL 60523-8433

(708) 544-7007

Siviq Scores

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

Liabilities / Assets

60th percentile

0.23x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

22nd percentile

0.02x

Higher debt load relative to revenue than 22% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

29th percentile

-1.4%

Higher net margin than 29% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

26th percentile

$0

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

14th percentile

-14%

Faster asset growth than 14% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

0.9%

Faster revenue growth than 34% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$138,009

Down $21,982 (-14%) from 2021

Net Assets

Down

$106,319

Down $20,862 (-16%) from 2021

Liabilities

Down

$31,690

Down $1,120 (-3.4%) from 2021

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin29th percentile

Revenue

Up

$1,468,199

Up $12,702 (+0.9%) from 2021

Expenses

Up

$1,489,061

Up $131,273 (+9.7%) from 2021

Net Income

Down

-$20,862

Down $118,571 (-121%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$300K$200K$100K$0-$100KAssets 2010: $210,449Liabilities 2010: $24,352Net Assets 2010: $186,0972010Assets 2011: $62,628Liabilities 2011: $36,312Net Assets 2011: $26,3162011Assets 2012: $51,224Liabilities 2012: $44,351Net Assets 2012: $6,8732012Assets 2013: $46,484Liabilities 2013: $24,675Net Assets 2013: $21,8092013Assets 2014: $42,261Liabilities 2014: $37,539Net Assets 2014: $4,7222014Assets 2015: $21,332Liabilities 2015: $32,668Net Assets 2015: -$11,3362015Assets 2016: $56,870Liabilities 2016: $35,437Net Assets 2016: $21,4332016Assets 2017: $15,620Liabilities 2017: $32,456Net Assets 2017: -$16,8362017Assets 2018: $15,707Liabilities 2018: $35,137Net Assets 2018: -$19,4302018Assets 2019: $8,344Liabilities 2019: $35,155Net Assets 2019: -$26,8112019Assets 2020: $61,019Liabilities 2020: $31,547Net Assets 2020: $29,4722020Assets 2021: $159,991Liabilities 2021: $32,810Net Assets 2021: $127,1812021Assets 2022: $138,009Liabilities 2022: $31,690Net Assets 2022: $106,3192022Assets 2023: $103,013Liabilities 2023: $37,827Net Assets 2023: $65,1862023Assets 2024: $140,076Liabilities 2024: $37,140Net Assets 2024: $102,9362024Assets 2025: $130,730Liabilities 2025: $35,100Net Assets 2025: $95,6302025

Highlighted filing

2022

Assets$138,009
Liabilities$31,690
Net Assets$106,319
Open 2022 Filing

Operations Trend

Revenue Growth34th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,148,3702010Expenses 2011: $1,296,2982011Expenses 2012: $1,235,7892012Expenses 2013: $1,212,9172013Revenue 2014: $1,311,565Expenses 2014: $1,328,652Net Income 2014: -$17,0872014Revenue 2015: $1,501,337Expenses 2015: $1,517,395Net Income 2015: -$16,0582015Revenue 2016: $1,563,276Expenses 2016: $1,530,507Net Income 2016: $32,7692016Revenue 2017: $1,567,369Expenses 2017: $1,605,638Net Income 2017: -$38,2692017Revenue 2018: $1,633,667Expenses 2018: $1,636,261Net Income 2018: -$2,5942018Revenue 2019: $1,660,487Expenses 2019: $1,667,868Net Income 2019: -$7,3812019Revenue 2020: $1,665,688Expenses 2020: $1,609,405Net Income 2020: $56,2832020Revenue 2021: $1,455,497Expenses 2021: $1,357,788Net Income 2021: $97,7092021Revenue 2022: $1,468,199Expenses 2022: $1,489,061Net Income 2022: -$20,8622022Revenue 2023: $1,591,142Expenses 2023: $1,632,275Net Income 2023: -$41,1332023Revenue 2024: $1,623,770Expenses 2024: $1,586,020Net Income 2024: $37,7502024Revenue 2025: $1,622,558Expenses 2025: $1,629,864Net Income 2025: -$7,3062025

Highlighted filing

2022

Revenue$1,468,199
Expenses$1,489,061
Net Income-$20,862
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$1,468,199
Mission and Program Overview

Mission

To promote the sheet metal industry throughout the Chicagoland area, to provide support for the trade association of contractors and provide technical educational training

To promote the sheet metal industry throughout the chicagoland area, to provide support for the trade association of contractors and provide technical educational training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$159,991$138,009▼ $21,982
Total Assets$159,991$138,009▼ $21,982
Liabilities
Other Liabilities$32,810$31,690▼ $1,120
Total Liabilities$32,810$31,690▼ $1,120
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$127,181$106,319▼ $20,862
Total Net Assets Fund Balance$127,181$106,319▼ $20,862
Total Liabilities and Net Assets / Fund Balance$159,991$138,009▼ $21,982
Compensation and Service Providers
Top Officer Pay26th percentile

Board Members and Trustees

NameTitle
ALEX D'ORSITrustee
Mike MccombieTrustee
Mike SuggsTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,468,199
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-20,862

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,468,199
Total Revenue per Audited Statements
$1,468,199
Total Revenue per Form 990
$1,468,199
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,403,356
Other Expenses$85,705
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,403,356--$1,403,356
Fees for Services Other$68,289--$68,289
Fees for Services Accounting-$8,110-$8,110
Other Expenses$5,000$270-$270
Total Functional Expenses$1,476,645$12,416$0$1,489,061

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,489,061
Total Expenses per Audited Statements$1,489,061
Total Expenses per Form 990$1,489,061
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Smacna Greater ChicagoOak Brook, IL-General Support$1,055,000
Smacna Industry Fund (us)Chantilly, VA-General Support$348,356
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Industry Fund of the USA$31,690
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8A

“No formal board of trustees or committee meeetings were held during the year. Matters concerning governance of the organization were handled via telephone discussions among the trustees. There is no formal documentation of these discussions.”

Form 990, Page 6, Part VI, Line 8B

“The organization has no committees.”

Form 990, Page 6, Part VI, Line 11B

“The fund's aministrator reviews the completed form 990 and distributes a copy to each trustee for review prior to filing the return.”

Form 990, Page 6, Part VI, Line 19

“Upon written request, the industry fund's governing documents, policies and financial statements are provided to contributing employers operating under the collective bargaining agreement with sheet metal workers international association local 73.”

Filing and Contact Details

Filer

Filer Name
Metropolitan Chicagoland Sheet
EIN
23-7218399
Phone
7085447007
Address
1415 W 22ND STREET STE 1200, OAK BROOK, IL 60523-8433

Signing Officer

Name
ALEX D'ORSI
Title
Trustee
Phone
7085447007
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
ALEX D'ORSI
Formed
1973
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Gladstone Tax & Accounting LLC
Address
116 ANDREW LANE, SCHAUMBURG, IL 60193
Preparer
William Gladstone
Phone
8473700949
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 1

“Under the modified cash basis of accounting, revenues are recognized when collected. Expenses are generally recognized when paid, except for amounts due to the industry fund of the us (ifus) for the portion of contributions collected on their behalf (considered trust fund receipts), which are accrued and charged to expense as contributions are collected from contractors.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Part x, line 2: the fund files income tax returns in the u.s. Federal jurisdiction. With few exceptions, the fund is no longer subject to the u.s. Federal income tax examinations by tax authorities for the years before 2019. The fund does not expect a material net change in unrecognized tax benefits in the next twelve months.”

Raw XML Appendix278 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GrantsToOrganizationsInd0true
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IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/IRPDocumentCnt01
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IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE INDUSTRY FUND PROVIDES ITS MEMBERRS WITH A JOINT SERIES OF EDUCATION INSTITUE SEMINARS WITH THE MECHANICAL CONTRACTORS ASSOCIATION.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X, LINE 2: THE FUND FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE FUND IS NO LONGER SUBJECT TO THE U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2019. THE FUND DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SMACNA INDUSTRY FUND (US)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SMACNA GREATER CHICAGO
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PART I LINE 2: CONTRIBUTIONS TO SMACNA INDUSTRY FUND (US) AND SMACNA GREATER CHICAGO ARE GRANTED FOR GENERAL SUPPORT, TO BE USED AT THE ORGANIZATION'S DISCRETION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO FORMAL BOARD OF TRUSTEES OR COMMITTEE MEEETINGS WERE HELD DURING THE YEAR. MATTERS CONCERNING GOVERNANCE OF THE ORGANIZATION WERE HANDLED VIA TELEPHONE DISCUSSIONS AMONG THE TRUSTEES. THERE IS NO FORMAL DOCUMENTATION OF THESE DISCUSSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FUND'S AMINISTRATOR REVIEWS THE COMPLETED FORM 990 AND DISTRIBUTES A COPY TO EACH TRUSTEE FOR REVIEW PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN REQUEST, THE INDUSTRY FUND'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE PROVIDED TO CONTRIBUTING EMPLOYERS OPERATING UNDER THE COLLECTIVE BARGAINING AGREEMENT WITH SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL 73.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNDER THE MODIFIED CASH BASIS OF ACCOUNTING, REVENUES ARE RECOGNIZED WHEN COLLECTED. EXPENSES ARE GENERALLY RECOGNIZED WHEN PAID, EXCEPT FOR AMOUNTS DUE TO THE INDUSTRY FUND OF THE US (IFUS) FOR THE PORTION OF CONTRIBUTIONS COLLECTED ON THEIR BEHALF (CONSIDERED TRUST FUND RECEIPTS), WHICH ARE ACCRUED AND CHARGED TO EXPENSE AS CONTRIBUTIONS ARE COLLECTED FROM CONTRACTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 12, PART XII, LINE 1
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012416
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01476645
IRS990/TotalFunctionalExpensesGrp/TotalAmt01489061
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032810
IRS990/TotalLiabilitiesEOYAmt031690
IRS990/TotalLiabilitiesGrp/BOYAmt032810
IRS990/TotalLiabilitiesGrp/EOYAmt031690
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0127181
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0106319
IRS990/TotalProgramServiceRevenueAmt01468199
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01468199
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01468199
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0159991
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0138009
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01415 W 22ND ST STE 1200
IRS990/USAddress/CityNm0OAK BROOK
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060523
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEX D'ORSI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum07085447007
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0METROPOLITAN CHICAGOLAND SHEET
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0METAL INDUSTRY FUND
ReturnHeader/Filer/BusinessNameControlTxt0METR
ReturnHeader/Filer/EIN0237218399
ReturnHeader/Filer/PhoneNum07085447007
ReturnHeader/Filer/USAddress/AddressLine1Txt01415 W 22ND STREET STE 1200
ReturnHeader/Filer/USAddress/CityNm0OAK BROOK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd0605238433
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844400287
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GLADSTONE TAX & ACCOUNTING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0116 ANDREW LANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SCHAUMBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060193
ReturnHeader/PreparerPersonGrp/PhoneNum08473700949
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM GLADSTONE
ReturnHeader/ReturnTs02022-12-04T12:12:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALEX
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DORSI
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$138,009
Liabilities
$31,690
Net assets
$106,319
Revenue
$1,468,199
Expenses
$1,489,061
Net income
-$20,862
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.04$0.10$1.62$1.63$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.04$0.10$1.62$1.59$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.04$0.07$1.59$1.63$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.14$0.03$0.11$1.47$1.49$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.03$0.13$1.46$1.36$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.03$0.03$1.67$1.61$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.04$0.03$1.66$1.67$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.04$0.02$1.63$1.64$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.03$0.02$1.57$1.61$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.06$0.04$0.02$1.56$1.53$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.03$0.01$1.50$1.52$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.00$1.31$1.33$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.02$0.02$1.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.04$0.01$1.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.04$0.03$1.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.02$0.19$1.15