Civic Intelligence

Sheet Metal Workers Local No 33 Fringe Benefits Fund Inc

990 • Fiscal year 2018 • EIN 34-1398805

May 01, 2017 to Apr 30, 2018 • Filed on Mar 08, 2019

12515 Corporate DriveParma, OH 44130

(216) 267-3344

Siviq Scores

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

Liabilities / Assets

97th percentile

0.90x

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

2018 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

26.05x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2018

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2018 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2018

Asset Growth

82nd percentile

18%

Faster asset growth than 82% of similar nonprofits.

2018 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-30%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,159,637

Up $770,890 (+18%) from 2017

Net Assets

Up

$531,085

Up $20,526 (+4.0%) from 2017

Liabilities

Up

$4,628,552

Up $750,364 (+19%) from 2017

Revenue

Down

$177,681

Down $76,297 (-30%) from 2017

Expenses

Down

$157,155

Down $39,356 (-20%) from 2017

Net Income

Down

$20,526

Down $36,941 (-64%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $5,425,396Liabilities 2012: $4,924,328Net Assets 2012: $501,0682012Assets 2013: $5,165,928Liabilities 2013: $4,717,441Net Assets 2013: $448,4872013Assets 2014: $3,656,487Liabilities 2014: $3,117,150Net Assets 2014: $539,3372014Assets 2015: $4,022,115Liabilities 2015: $3,510,668Net Assets 2015: $511,4472015Assets 2016: $4,668,719Liabilities 2016: $4,211,941Net Assets 2016: $456,7782016Assets 2017: $4,388,747Liabilities 2017: $3,878,188Net Assets 2017: $510,5592017Assets 2018: $5,159,637Liabilities 2018: $4,628,552Net Assets 2018: $531,0852018Assets 2019: $5,340,826Liabilities 2019: $4,787,248Net Assets 2019: $553,5782019Assets 2020: $4,938,975Liabilities 2020: $4,429,136Net Assets 2020: $509,8392020Assets 2021: $5,905,826Liabilities 2021: $5,456,177Net Assets 2021: $449,6492021Assets 2022: $7,182,168Liabilities 2022: $6,719,025Net Assets 2022: $463,1432022Assets 2025: $7,035,471Liabilities 2025: $6,669,956Net Assets 2025: $365,5152025

Highlighted filing

2018

Assets$5,159,637
Liabilities$4,628,552
Net Assets$531,085

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2012: $237,8182012Expenses 2013: $227,8802013Revenue 2014: $277,399Expenses 2014: $184,558Net Income 2014: $92,8412014Revenue 2015: $239,740Expenses 2015: $260,374Net Income 2015: -$20,6342015Revenue 2016: $211,746Expenses 2016: $259,156Net Income 2016: -$47,4102016Revenue 2017: $253,978Expenses 2017: $196,511Net Income 2017: $57,4672017Revenue 2018: $177,681Expenses 2018: $157,155Net Income 2018: $20,5262018Revenue 2019: $173,015Expenses 2019: $150,522Net Income 2019: $22,4932019Revenue 2020: $146,796Expenses 2020: $190,535Net Income 2020: -$43,7392020Revenue 2021: $166,120Expenses 2021: $226,310Net Income 2021: -$60,1902021Revenue 2022: $188,990Expenses 2022: $175,496Net Income 2022: $13,4942022Revenue 2025: $150,814Expenses 2025: $144,989Net Income 2025: $5,8252025

Highlighted filing

2018

Revenue$177,681
Expenses$157,155
Net Income$20,526
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Mar 8, 2019
Return Version
2017v2.3
Gross Receipts
$177,681
Mission and Program Overview

Mission

Providing administrative services to union benefit funds

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,020,451$4,682,635▲ $662,184
Savings and Temporary Cash Investments$358,390$472,660▲ $114,270
Accounts Receivable$9,528$4,191▼ $5,337
Prepaid Expenses and Deferred Charges$378$151▼ $227
Total Assets$4,388,747$5,159,637▲ $770,890
Liabilities
Accounts Payable and Accrued Expenses$3,878,188$4,628,552▲ $750,364
Total Liabilities$3,878,188$4,628,552▲ $750,364
Net Assets / Fund Balance
Unrestricted Net Assets$510,559$531,085▲ $20,526
Total Net Assets Fund Balance$510,559$531,085▲ $20,526
Total Liabilities and Net Assets / Fund Balance$4,388,747$5,159,637▲ $770,890
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael ColemanChairman
Jerry DurieuxLabor Trustee
Tom WiantLabor Trustee
Aaron HallManagement Trustee
Don SkalaManagement Trustee
John Sickle JrManagement Trustee
Tom MartinSecretarty/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$176,908
Investment Income
$773
Other Revenue
$0
Change in Net Assets
$20,526

Audited Revenue Reconciliation

Revenue per Audited Statements
$177,681
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$177,681
Total Revenue per Form 990
$177,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$157,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$93,359--$93,359
Fees for Services Accounting$33,297--$33,297
Fees for Services Legal$14,088--$14,088
Other Expenses$11,659--$11,659
Office Expenses$4,525--$4,525
Insurance$227--$227
Total Functional Expenses$157,155$0$0$157,155

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$157,155
Total Expenses per Audited Statements$157,155
Total Expenses per Form 990$157,155
Expenses Not Reported on Financial Statements$0
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
Yes
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
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 B, Line 11B

The tax returns are reviewed by all trustees in a regularly scheduled board meeting with the ir accountant and attorney present. At times, it may require that the return be circulated by email with all concerns brought to the chair before the return is finalized.

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

During the first trustees meeting of the year, the disclosure statement is distributed to the members to read and sign the disclosure statement. All questions and concerns are discussed at this meeting.

Form 990, Part VI, Section C, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Local 33
EIN
34-1398805
Phone
2162673344
Address
12515 CORPORATE DRIVE, PARMA, OH 44130

Signing Officer

Name
Michael Coleman
Title
Chairman
Phone
2162673344
Signed
2019-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Coleman
Formed
1983
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Rea & Associates Inc
Address
6300 ROCKSIDE RD, CLEVELAND, OH 44131
Preparer
Jeffery J Barber CPA
Phone
2165732330
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization did not change its oversight or selecation process during the tax year.

Raw XML Appendix318 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/Desc0MAINTAIN RECORDS OF ELIGIBILITY OF MEMBERS FOR THE PURPOSE OF PAYING HEALTH AND WELFARE BENEFITS AND PROCESSING CLAIM FOR SHEET METAL WORKERS LOCAL 33 HEALTH AND WELFARE PLAN, AND ACCUMULATING CREDITS FOR MEMBERS PENSION ACCOUNT. IN ADDITION, THEY PROVIDE MISCELLANEOUS ADMINISTRATIVE SERVICES TO OTHER AFFILIATED BENEFIT PLANS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1LABOR TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2LABOR TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARTY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MANAGEMENT TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5MANAGEMENT TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6MANAGEMENT TRUSTEE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURNS ARE REVIEWED BY ALL TRUSTEES IN A REGULARLY SCHEDULED BOARD MEETING WITH THE IR ACCOUNTANT AND ATTORNEY PRESENT. AT TIMES, IT MAY REQUIRE THAT THE RETURN BE CIRCULATED BY EMAIL WITH ALL CONCERNS BROUGHT TO THE CHAIR BEFORE THE RETURN IS FINALIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING THE FIRST TRUSTEES MEETING OF THE YEAR, THE DISCLOSURE STATEMENT IS DISTRIBUTED TO THE MEMBERS TO READ AND SIGN THE DISCLOSURE STATEMENT. ALL QUESTIONS AND CONCERNS ARE DISCUSSED AT THIS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECATION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL COLEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02162673344
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHEET METAL WORKERS LOCAL 33
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FRINGE BENEFIT FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0SHEE
ReturnHeader/Filer/EIN0341398805
ReturnHeader/Filer/PhoneNum02162673344
ReturnHeader/Filer/USAddress/AddressLine1Txt012515 CORPORATE DRIVE
ReturnHeader/Filer/USAddress/CityNm0PARMA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044130
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0FF6C33C77F514E5A6ABEE517B720324A767675A1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0399B416C05B028330DF7CD90939D4307442319FB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.62.109.106
ReturnHeader/FilingSecurityInformation/IPDt02019-03-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:26:02
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341310124
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REA & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06300 ROCKSIDE RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEVELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044131
ReturnHeader/PreparerPersonGrp/PhoneNum02165732330
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFERY J BARBER CPA
ReturnHeader/ReturnTs02019-03-12T10:43:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-05-01
ReturnHeader/TaxPeriodEndDt02018-04-30
ReturnHeader/TaxYr02017

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.04$6.67$0.37$0.15$0.14$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.18$6.72$0.46$0.19$0.18$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.91$5.46$0.45$0.17$0.23$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$4.43$0.51$0.15$0.19$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.34$4.79$0.55$0.17$0.15$0.02
2018Detailed filing. Detailed filing data is available for this year.$5.16$4.63$0.53$0.18$0.16$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$3.88$0.51$0.25$0.20$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.67$4.21$0.46$0.21$0.26$0.05
2015Detailed filing. Detailed filing data is available for this year.$4.02$3.51$0.51$0.24$0.26$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.66$3.12$0.54$0.28$0.18$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.17$4.72$0.45$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$4.92$0.50$0.24