Civic Intelligence

Sheet Metal Industry Apprentice & Training Fund

990 • Fiscal year 2018 • EIN 23-7412739

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

114 Old Forge RdRocky Hill, CT 06067

(860) 529-2616

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.02x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Net Margin

20th percentile

-5.5%

Higher net margin than 20% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

32nd percentile

$539

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$222,825

No earlier filing loaded for comparison.

Net Assets

$210,740

No earlier filing loaded for comparison.

Liabilities

$12,085

No earlier filing loaded for comparison.

Revenue

$556,815

No earlier filing loaded for comparison.

Expenses

$587,617

No earlier filing loaded for comparison.

Net Income

-$30,802

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2018: $222,825Liabilities 2018: $12,085Net Assets 2018: $210,7402018Assets 2019: $374,498Liabilities 2019: $7,426Net Assets 2019: $367,0722019Assets 2020: $543,143Liabilities 2020: $10,024Net Assets 2020: $533,1192020Assets 2021: $663,383Liabilities 2021: $16,913Net Assets 2021: $646,4702021Assets 2022: $788,004Liabilities 2022: $16,073Net Assets 2022: $771,9312022Assets 2024: $740,867Liabilities 2024: $11,411Net Assets 2024: $729,4562024

Highlighted filing

2018

Assets$222,825
Liabilities$12,085
Net Assets$210,740

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2018: $556,815Expenses 2018: $587,617Net Income 2018: -$30,8022018Revenue 2019: $676,017Expenses 2019: $519,685Net Income 2019: $156,3322019Revenue 2020: $723,713Expenses 2020: $557,667Net Income 2020: $166,0462020Revenue 2021: $650,280Expenses 2021: $536,929Net Income 2021: $113,3512021Revenue 2022: $592,255Expenses 2022: $466,794Net Income 2022: $125,4612022Revenue 2024: $847,829Expenses 2024: $874,048Net Income 2024: -$26,2192024

Highlighted filing

2018

Revenue$556,815
Expenses$587,617
Net Income-$30,802
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$725,099
Mission and Program Overview

Mission

Tp provide training to local 40 sheet metal worker union members

To provide training to local 40 sheet metal workers

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,091$105,952▲ $102,861
Investments in Publicly Traded Securities$80,268$0▼ $80,268
Accounts Receivable$52,452$58,241▲ $5,789
Land, Buildings, and Equipment, Net$58,200$47,754▼ $10,446
Prepaid Expenses and Deferred Charges$9,517$5,604▼ $3,913
Cash and Non-Interest-Bearing Accounts$58,736$100▼ $58,636
Total Assets$269,205$222,825▼ $46,380
Other Assets Total$6,941$5,174▼ $1,767
Liabilities
Other Liabilities$15,145$0▼ $15,145
Accounts Payable and Accrued Expenses$12,518$12,085▼ $433
Total Liabilities$27,663$12,085▼ $15,578
Net Assets / Fund Balance
Unrestricted Net Assets$238,451$207,649▼ $30,802
Permanently Rstr Net Assets$3,091$3,091→ $0
Total Net Assets Fund Balance$241,542$210,740▼ $30,802
Total Liabilities and Net Assets / Fund Balance$269,205$222,825▼ $46,380

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$47,754$248,142$295,896
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
John M BealLabor Trustee$297$242$539

Board Members and Trustees

NameTitle
David a RocheLabor Trustee
Jeremy a ZeedykLabor Trustee
John BurgessLabor Trustee
John NimmonsLabor Trustee
Kenneth R KleebergManagement Trustee
Lynne a KleebergManagement Trustee
Michael ThompsonManagement Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$50,000
Program Service Revenue
$503,413
Investment Income
$-1,154
Other Revenue
$4,556
Change in Net Assets
$-30,802

Audited Revenue Reconciliation

Revenue per Audited Statements
$556,372
Revenue Not Reported on Financial Statements
$443
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$443
Total Revenue per Audited Statements
$556,372
Total Revenue per Form 990
$556,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$378,639
Other Expenses$208,978
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$220,906
Occupancy---$121,679
Pension Plan Contributions---$105,566
Other Employee Benefits---$33,069
Payroll Taxes---$18,559
Insurance---$11,037
Depreciation Depletion---$10,445
Fees for Services Accounting---$9,168
Office Expenses---$8,610
Fees for Services Legal---$7,256
Fees for Services Other---$4,200
Travel---$3,654
Conferences and Meetings---$2,201
Current Officers, Directors, Trustees, and Key Employees---$539
Other Expenses---$443
Advertising---$436
Information Technology---$95
Fees for Service Investment Mgmnt Fees---$53
Total Functional Expenses$0$0$0$587,617

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$587,617
Expenses per Audited Statements$587,174
Total Expenses per Audited Statements$587,174
Expenses Not Reported on Financial Statements$443
Other Expense Adjustments$443
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
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, Part VI, Section A, Line 2

Trustees lynne kleeberg and kenneth kleeberg are related.

Form 990, Part VI, Section A, Line 7A

The fund has trustees that are appointed the union and association.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is provided to the union and management trustees for their review prior to signing and submssion.

Form 990, Part VI, Section B, Line 12C

The board of trustees determines if a conflict of interest exist after a disclosure has been made and a resolution of the conflict is achieved by a mutual agreement between the parties and fund.

Form 990, Part VI, Section B, Line 15A

The board of trustees annually reviews compensation and documents the process in the minutes of the meetings

Form 990, Part VI, Section C, Line 19

Governing documents and financial statement are available for inspection at the fund office or by request .

Filing and Contact Details

Filer

Filer Name
Sheet Metal Industry Apprentice &
EIN
23-7412739
Phone
8605292616
Address
114 OLD FORGE RD, ROCKY HILL, CT 06067

Signing Officer

Name
David a Roche
Title
Labor Trustee
Phone
8605292616
Signed
2019-11-14

Organization Details

Principal Officer
David a Roche
Formed
1971
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
Employees
8
Volunteers
0

Preparer

Firm
Novak Francella LLC
Address
ONE PRESIDENTIAL BLVD SUITE 330, BALA CYNWYD, PA 19004
Preparer
Louis Verzella CPA
Phone
6106689400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The financial statements and the oversight of the audit is the responbility of the board of trustees.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require fund management to evaluate tax positions taken by the fund and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

DONATION 443.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

DONATION 443.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE FUND MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DONATION 443.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DONATION 443.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt047754
IRS990ScheduleD/TotalExpensesPerForm990Amt0587617
IRS990ScheduleD/TotalRevenuePerForm990Amt0556815
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0556372
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0587174
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES LYNNE KLEEBERG AND KENNETH KLEEBERG ARE RELATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND HAS TRUSTEES THAT ARE APPOINTED THE UNION AND ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED TO THE UNION AND MANAGEMENT TRUSTEES FOR THEIR REVIEW PRIOR TO SIGNING AND SUBMSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES DETERMINES IF A CONFLICT OF INTEREST EXIST AFTER A DISCLOSURE HAS BEEN MADE AND A RESOLUTION OF THE CONFLICT IS ACHIEVED BY A MUTUAL AGREEMENT BETWEEN THE PARTIES AND FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF TRUSTEES ANNUALLY REVIEWS COMPENSATION AND DOCUMENTS THE PROCESS IN THE MINUTES OF THE MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENT ARE AVAILABLE FOR INSPECTION AT THE FUND OFFICE OR BY REQUEST .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FINANCIAL STATEMENTS AND THE OVERSIGHT OF THE AUDIT IS THE RESPONBILITY OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SHEET METAL WORKERS LOCAL 40 HEALTH FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SHEET METAL WORKERS LOCAL 40 PENSION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2SHEET METAL WORKERS LOCAL 40 SUPPLEMENTAL RETIREMENT FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0061013879
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1066157817
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2061074075
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1401 A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2401 A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EMPLOYEE BENEFIT FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EMPLOYEE BENEFIT FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2EMPLOYEE BENEFIT FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0100 OLD FORGE RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1100 OLD FORGE RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2100 OLD FORGE RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ROCKY HILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1ROCKY HILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2ROCKY HILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd006067
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd106067
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd206067
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0502184
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt14200
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SHEET METAL WORKERS' LOCAL 40 HEALTH FUND
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1SHEET METAL WORKERS' LOCAL 40 HEALTH FUND
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1N
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0269205
IRS990/TotalAssetsEOYAmt0222825
IRS990/TotalAssetsGrp/BOYAmt0269205
IRS990/TotalAssetsGrp/EOYAmt0222825
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt050000
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt0587617
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027663
IRS990/TotalLiabilitiesEOYAmt012085
IRS990/TotalLiabilitiesGrp/BOYAmt027663
IRS990/TotalLiabilitiesGrp/EOYAmt012085
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0241542
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0210740
IRS990/TotalOtherCompensationAmt0242
IRS990/TotalProgramServiceExpensesAmt0533570

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