Civic Intelligence

Southeastern Sheet Metal Joint Apprenticeship Training Fund

990 • Fiscal year 2023 • EIN 39-1287506

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

1840 Sycamore AvenueRacine, WI 53406

(262) 632-7005

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.01x

Higher debt load relative to assets than 42% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

47th percentile

0.01x

Higher debt load relative to revenue than 47% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

89th percentile

46%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

79th percentile

26%

Faster asset growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

16%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$503,223

Up $103,876 (+26%) from 2022

Net Assets

Up

$500,195

Up $102,586 (+26%) from 2022

Liabilities

Up

$3,028

Up $1,290 (+74%) from 2022

Revenue

Up

$224,360

Up $30,651 (+16%) from 2022

Expenses

Up

$121,774

Up $7,311 (+6.4%) from 2022

Net Income

Up

$102,586

Up $23,340 (+29%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $84,586Liabilities 2011: $414Net Assets 2011: $84,1722011Assets 2012: $86,641Liabilities 2012: $534Net Assets 2012: $86,1072012Assets 2013: $105,530Liabilities 2013: $4842013Assets 2014: $128,716Liabilities 2014: $6582014Assets 2015: $158,925Liabilities 2015: $514Net Assets 2015: $158,4112015Assets 2016: $182,372Liabilities 2016: $608Net Assets 2016: $181,7642016Assets 2017: $201,870Liabilities 2017: $6992017Assets 2018: $206,972Liabilities 2018: $1,186Net Assets 2018: $205,7862018Assets 2019: $214,266Liabilities 2019: $868Net Assets 2019: $213,3982019Assets 2020: $240,116Liabilities 2020: $1,581Net Assets 2020: $238,5352020Assets 2021: $320,217Liabilities 2021: $1,854Net Assets 2021: $318,3632021Assets 2022: $399,347Liabilities 2022: $1,738Net Assets 2022: $397,6092022Assets 2023: $503,223Liabilities 2023: $3,028Net Assets 2023: $500,1952023Assets 2024: $607,397Liabilities 2024: $2,574Net Assets 2024: $604,8232024

Highlighted filing

2023

Assets$503,223
Liabilities$3,028
Net Assets$500,195

Operations Trend

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

$300K$200K$100K$0Revenue 2011: $76,318Expenses 2011: $60,744Net Income 2011: $15,5742011Revenue 2012: $74,873Expenses 2012: $72,938Net Income 2012: $1,9352012Revenue 2013: $72,587Expenses 2013: $52,360Net Income 2013: $20,2272013Revenue 2014: $78,150Expenses 2014: $54,423Net Income 2014: $23,7272014Revenue 2015: $78,802Expenses 2015: $48,450Net Income 2015: $30,3522015Revenue 2016: $83,701Expenses 2016: $60,348Net Income 2016: $23,3532016Revenue 2017: $81,016Expenses 2017: $61,609Net Income 2017: $19,4072017Revenue 2018: $82,773Expenses 2018: $78,158Net Income 2018: $4,6152018Revenue 2019: $86,235Expenses 2019: $78,623Net Income 2019: $7,6122019Revenue 2020: $126,867Expenses 2020: $101,730Net Income 2020: $25,1372020Revenue 2021: $191,756Expenses 2021: $111,928Net Income 2021: $79,8282021Revenue 2022: $193,709Expenses 2022: $114,463Net Income 2022: $79,2462022Revenue 2023: $224,360Expenses 2023: $121,774Net Income 2023: $102,5862023Revenue 2024: $211,335Expenses 2024: $106,707Net Income 2024: $104,6282024

Highlighted filing

2023

Revenue$224,360
Expenses$121,774
Net Income$102,586
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$224,360
Mission and Program Overview

Mission

Provide training programs in sheetmetal trades and related occupations

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$397,223$498,475▲ $101,252
Land, Buildings, and Equipment, Net$2,124$4,748▲ $2,624
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$399,347$503,223▲ $103,876
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,738$3,028▲ $1,290
Total Liabilities$1,738$3,028▲ $1,290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$397,609$500,195▲ $102,586
Total Net Assets Fund Balance$397,609$500,195▲ $102,586
Total Liabilities and Net Assets / Fund Balance$399,347$503,223▲ $103,876

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,748$11,643$16,391
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brett CadmanChairman
Jim SytsmaChairman
Brandon QuinnTrustee
Mike HammondTrustee
Robert JossartTrustee
Michael ThomasSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$219,208
Investment Income
$0
Other Revenue
$5,152
Change in Net Assets
$102,586
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,206
Salaries, Compensation, and Employee Benefits$29,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,733$13,733-$27,466
Fees for Services Other$3,310$3,310-$6,620
Occupancy$2,340$2,340-$4,680
Other Expenses$1,172$1,172-$2,344
Payroll Taxes$1,051$1,051-$2,102
Depreciation Depletion$714$714-$1,428
All Other Expenses$129$129-$258
Total Functional Expenses$60,887$60,887$0$121,774
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Southeastern Sheetmetal Joint
EIN
39-1287506
Phone
2626327005
Address
1840 SYCAMORE AVENUE, RACINE, WI 53406

Signing Officer

Name
Michael Thomas
Title
Secretary/treasurer
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1977
Legal Domicile
Wi
Voting Board Members
6
Independent Board Members
0
Employees
0

Preparer

Firm
Gordon J Maier & Company LLP
Address
845 Wisconsin Avenue, Racine, WI 53403
Preparer
Julie Craig CPA
Phone
2626347108
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IRS990ScheduleA/PublicSupportCY509Pct00.96770
IRS990ScheduleA/PublicSupportPY509Pct00.96510
IRS990ScheduleA/PublicSupportTotal509Amt0790629
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0219208
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0188540
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0185813
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0113833
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt083235
IRS990ScheduleA/Total509Grp/TotalAmt0790629
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0224360
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0193709
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0185813
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0126867
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt086235
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0816984
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04748
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011643
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016391
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04748
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0399347
IRS990/TotalAssetsEOYAmt0503223
IRS990/TotalAssetsGrp/BOYAmt0399347
IRS990/TotalAssetsGrp/EOYAmt0503223
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060887
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt060887
IRS990/TotalFunctionalExpensesGrp/TotalAmt0121774
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01738
IRS990/TotalLiabilitiesEOYAmt03028
IRS990/TotalLiabilitiesGrp/BOYAmt01738
IRS990/TotalLiabilitiesGrp/EOYAmt03028
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0397609
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0500195
IRS990/TotalProgramServiceExpensesAmt060887
IRS990/TotalProgramServiceRevenueAmt0219208
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0224360
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0224360
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0399347
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0503223
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01840 SYCAMORE AVENUE
IRS990/USAddress/CityNm0RACINE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053406
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL THOMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHEASTERN SHEETMETAL JOINT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0APPRENTICESHIP TRAINING FUND
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0391287506
ReturnHeader/Filer/PhoneNum02626327005
ReturnHeader/Filer/USAddress/AddressLine1Txt01840 SYCAMORE AVENUE
ReturnHeader/Filer/USAddress/CityNm0RACINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053406
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390803883
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gordon J Maier & Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0845 Wisconsin Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Racine
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053403
ReturnHeader/PreparerPersonGrp/PhoneNum02626347108
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE CRAIG CPA
ReturnHeader/ReturnTs02024-11-14T15:30:21-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.03$6.05$2.11$1.07$1.05
2023Detailed filing. Detailed filing data is available for this year.$5.03$0.03$5.00$2.24$1.22$1.03
2022Detailed filing. Detailed filing data is available for this year.$3.99$0.02$3.98$1.94$1.14$0.79
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$0.02$3.18$1.92$1.12$0.80
2020Detailed filing. Detailed filing data is available for this year.$2.40$0.02$2.39$1.27$1.02$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$0.01$2.13$0.86$0.79$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.01$2.06$0.83$0.78$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.01$0.81$0.62$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.01$1.82$0.84$0.60$0.23
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.01$1.58$0.79$0.48$0.30
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.01$0.78$0.54$0.24
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.00$0.73$0.52$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.01$0.86$0.75$0.73$0.02
2011Summary only. Only limited summary data is available for this year.$0.85$0.00$0.84$0.76$0.61$0.16
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $500k-$1M nonprofits