Civic Intelligence

Omaha Sheet Metal Workers Training and Education Fund

990 • Fiscal year 2016 • EIN 23-7433922

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 28, 2016

3333 South 24th StreetOmaha, NE 68108

(402) 330-3383

Siviq Scores

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

Liabilities / Assets

36th percentile

0.01x

Higher debt load relative to assets than 36% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

94th percentile

$158,398

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 29.3% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

65th percentile

7.4%

Faster asset growth than 65% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

9.6%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$893,011

Up $61,737 (+7.4%) from 2015

Net Assets

Up

$885,917

Up $61,254 (+7.4%) from 2015

Liabilities

Up

$7,094

Up $483 (+7.3%) from 2015

Revenue

Up

$540,529

Up $47,473 (+9.6%) from 2015

Expenses

Up

$479,275

Up $17,879 (+3.9%) from 2015

Net Income

Up

$61,254

Up $29,594 (+93%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $831,274Liabilities 2015: $6,611Net Assets 2015: $824,6632015Assets 2016: $893,011Liabilities 2016: $7,094Net Assets 2016: $885,9172016Assets 2017: $892,036Liabilities 2017: $7,247Net Assets 2017: $884,7892017Assets 2018: $979,309Liabilities 2018: $6,397Net Assets 2018: $972,9122018Assets 2019: $1,131,824Liabilities 2019: $6,914Net Assets 2019: $1,124,9102019Assets 2020: $1,535,898Liabilities 2020: $7,539Net Assets 2020: $1,528,3592020Assets 2021: $1,431,408Liabilities 2021: $20,679Net Assets 2021: $1,410,7292021Assets 2022: $1,340,087Liabilities 2022: $14,346Net Assets 2022: $1,325,7412022Assets 2023: $1,443,487Liabilities 2023: $14,718Net Assets 2023: $1,428,7692023Assets 2024: $1,578,873Liabilities 2024: $14,239Net Assets 2024: $1,564,6342024Assets 2025: $1,812,664Liabilities 2025: $17,154Net Assets 2025: $1,795,5102025

Highlighted filing

2016

Assets$893,011
Liabilities$7,094
Net Assets$885,917

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $493,056Expenses 2015: $461,396Net Income 2015: $31,6602015Revenue 2016: $540,529Expenses 2016: $479,275Net Income 2016: $61,2542016Revenue 2017: $521,787Expenses 2017: $522,915Net Income 2017: -$1,1282017Revenue 2018: $660,234Expenses 2018: $572,111Net Income 2018: $88,1232018Revenue 2019: $1,001,357Expenses 2019: $849,359Net Income 2019: $151,9982019Revenue 2020: $928,400Expenses 2020: $524,951Net Income 2020: $403,4492020Revenue 2021: $756,393Expenses 2021: $874,023Net Income 2021: -$117,6302021Revenue 2022: $738,370Expenses 2022: $823,359Net Income 2022: -$84,9892022Revenue 2023: $931,010Expenses 2023: $827,983Net Income 2023: $103,0272023Revenue 2024: $973,347Expenses 2024: $837,482Net Income 2024: $135,8652024Revenue 2025: $1,168,581Expenses 2025: $937,705Net Income 2025: $230,8762025

Highlighted filing

2016

Revenue$540,529
Expenses$479,275
Net Income$61,254
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 28, 2016
Return Version
2015v2.1
Gross Receipts
$540,529
Mission and Program Overview

Mission

Training and education of local union member apprentices.

TRAINING AND EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$401,766$427,296▲ $25,530
Land, Buildings, and Equipment, Net$334,372$356,309▲ $21,937
Cash and Non-Interest-Bearing Accounts$95,136$109,406▲ $14,270
Total Assets$831,274$893,011▲ $61,737
Liabilities
Other Liabilities$6,611$7,094▲ $483
Total Liabilities$6,611$7,094▲ $483
Net Assets / Fund Balance
Unrestricted Net Assets$824,663$885,917▲ $61,254
Total Net Assets Fund Balance$824,663$885,917▲ $61,254
Total Liabilities and Net Assets / Fund Balance$831,274$893,011▲ $61,737

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$295,424$193,538$488,962
Equipment$60,885$233,576$294,461
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Kirchhevel JasonMember$73,368$4,058$77,426
Timmerman KevinMember-$49,201$49,201
Arnold MarkMember-$1,822$1,822
Prososki KurtMember-$1,038$1,038
Ogburn Dennis OMember-$482$482
Harrison MichaelMember-$285$285

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$521,568
Investment Income
$908
Other Revenue
$18,053
Change in Net Assets
$61,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$540,529
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$540,529
Total Revenue per Form 990
$540,529
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$327,845
Salaries, Compensation, and Employee Benefits$137,493
Grants and Similar Amounts Paid$13,937
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$130,868--$130,868
Occupancy$90,339--$90,339
Current Officers, Directors, Trustees, and Key Employees$72,624--$72,624
Other Salaries and Wages$32,772--$32,772
Other Employee Benefits$24,280--$24,280
Depreciation Depletion$20,953--$20,953
Other Expenses$20,563--$20,563
Grants to Domestic Orgs$13,937--$13,937
Fees for Services Accounting-$12,352-$12,352
Payroll Taxes$7,817--$7,817
Insurance-$6,453-$6,453
Office Expenses-$6,002-$6,002
Conferences and Meetings$160--$160
Total Functional Expenses$454,468$24,807$0$479,275

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$479,275
Total Expenses per Audited Statements$479,275
Total Expenses per Form 990$479,275
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sheet Metal Industry Advancement FundOmaha, NE501(c)5PROMOTION OF SHEET METAL INDUSTRY THROUGHOUT THE LOCAL UNION'S AREA$13,937
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Other Withholdings$3,727
Payroll Tax Liabilities$3,367
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11

The business manager is provided a copy of the completed 990 tax return to review, sign and file and who then subsequently presents to executive committee for oversight

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

The membership votes on wages in excess of the officer contract base amount.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, tax returns, department of labor filings and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Training &
EIN
23-7433922
Phone
4023303383
Address
3333 SOUTH 24TH STREET, OMAHA, NE 68108

Signing Officer

Name
James Waugh Ii
Title
Business Manager
Phone
4023303383
Signed
2016-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Waugh Ii
Formed
1974
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
0

Preparer

Firm
O'DONNELL FICENEC WILLS & FERDIG LLP
Address
4815 SOUTH 107TH AVENUE, OMAHA, NE 68127-1904
Preparer
Lawrence a Wolfe
Phone
4025923800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Classroom instructors contract: program service expenses 130,868. Management and general expenses 0. Fundraising expenses 0. Total expenses 130,868.

PART XII, LINE 2C:

There is no change from prior year in oversight process.

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt024280
IRS990/OtherExpensesGrp/Desc0CLASSROOM SUPPLIES & LI
IRS990/OtherExpensesGrp/Desc1TRAINING SCHOOL EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt040155
IRS990/OtherExpensesGrp/ProgramServicesAmt120563
IRS990/OtherExpensesGrp/TotalAmt040155
IRS990/OtherExpensesGrp/TotalAmt120563
IRS990/OtherLiabilitiesGrp/BOYAmt06611
IRS990/OtherLiabilitiesGrp/EOYAmt07094
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1SHARED EXPENSE RECOVER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013253
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt14800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013253
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14800
IRS990/OtherRevenueTotalAmt018053
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt032772
IRS990/OtherSalariesAndWagesGrp/TotalAmt032772
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt07817
IRS990/PayrollTaxesGrp/TotalAmt07817
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES WAUGH II
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM CONTRACTORS
IRS990/ProgramServiceRevenueGrp/Desc1TUITION AND BOOK FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0512220
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19348
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0512220
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19348
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt013944
IRS990/PYInvestmentIncomeAmt0755
IRS990/PYOtherExpensesAmt0293965
IRS990/PYOtherRevenueAmt014489
IRS990/PYProgramServiceRevenueAmt0477812
IRS990/PYRevenuesLessExpensesAmt031660
IRS990/PYSalariesCompEmpBnftPaidAmt0153487
IRS990/PYTotalExpensesAmt0461396
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0493056
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt061254
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0540529
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0401766
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0427296
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt060885
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0233576
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0294461
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0479275
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0295424
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0193538
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0488962
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03367
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL OTHER WITHHOLDINGS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0540529
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0356309
IRS990ScheduleD/TotalExpensesPerForm990Amt0479275
IRS990ScheduleD/TotalLiabilityAmt07094
IRS990ScheduleD/TotalRevenuePerForm990Amt0540529
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0540529
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0479275
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/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NOTICE OF NON-DISCRIMINATION IS PUBLISHED IN ALL ADVERTISING; INCLUDING BUT NOT LIMITED TO NEWSPAPER, BROADCAST MEDIA AND IN UNION NEWSLETTER, POSTED ON UNION BULLETIN BOARD, AND POSTED ON THE TRAINING AND EDUCATION FUND BULLETIN BOARD.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY ATHLETIC OR EXTRACURRICULAR PROGRAMS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 5
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt013937
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)5
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROMOTION OF SHEET METAL INDUSTRY THROUGHOUT THE LOCAL UNION'S AREA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SHEET METAL INDUSTRY ADVANCEMENT FUND
IRS990ScheduleI/RecipientTable/RecipientEIN0841623338
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03333 SOUTH 24TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OMAHA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NE
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd068108
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THIS ORGANITION COLLECTS DUES ON BEHALF OF AND REMITS TO THE RECEIVING ORGANIZATION, WHICH IS A RELATED ORGANIZATION. A SEPARATE AUDIT AND TAX RETURN IS PREPARED FOR THE RECEIVING ORGANIZATION. AS FUNDS BELONG TO THE RECIPIENT ORGANIZATION, FURTHER MONITORING NOT REQUIRED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0108022
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt050376
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WAUGH II JAMES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00

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