Civic Intelligence

Sheet Metal Workers Apprenticeship & Training Trust Fund

990 • Fiscal year 2023 • EIN 73-0765383

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 04, 2024

3909 Willow Springs AveOklahoma City, OK 73112-2946

(405) 948-8800

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Net Margin

7th percentile

-18%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$120,478

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 21.3% of source-year revenue.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Asset Growth

12th percentile

-6.8%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

76th percentile

16%

Faster revenue growth than 76% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,253,875

Down $91,571 (-6.8%) from 2022

Net Assets

Down

$1,253,875

Down $91,571 (-6.8%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$566,067

Up $76,466 (+16%) from 2022

Expenses

Up

$666,683

Up $107,164 (+19%) from 2022

Net Income

Down

-$100,616

Down $30,698 (-44%) from 2022

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 2012: $1,985,915Liabilities 2012: $0Net Assets 2012: $1,985,9152012Assets 2013: $1,886,980Liabilities 2013: $0Net Assets 2013: $1,886,9802013Assets 2014: $1,839,084Liabilities 2014: $0Net Assets 2014: $1,839,0842014Assets 2015: $1,854,152Liabilities 2015: $0Net Assets 2015: $1,854,1522015Assets 2016: $1,815,871Liabilities 2016: $0Net Assets 2016: $1,815,8712016Assets 2017: $1,731,901Liabilities 2017: $0Net Assets 2017: $1,731,9012017Assets 2018: $1,638,448Liabilities 2018: $0Net Assets 2018: $1,638,4482018Assets 2019: $1,583,072Liabilities 2019: $0Net Assets 2019: $1,583,0722019Assets 2020: $1,532,035Liabilities 2020: $0Net Assets 2020: $1,532,0352020Assets 2021: $1,449,781Liabilities 2021: $0Net Assets 2021: $1,449,7812021Assets 2022: $1,345,446Liabilities 2022: $0Net Assets 2022: $1,345,4462022Assets 2023: $1,253,875Liabilities 2023: $0Net Assets 2023: $1,253,8752023Assets 2024: $1,266,706Liabilities 2024: $0Net Assets 2024: $1,266,7062024

Highlighted filing

2023

Assets$1,253,875
Liabilities$0
Net Assets$1,253,875

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $509,2332012Revenue 2013: $412,402Expenses 2013: $511,337Net Income 2013: -$98,9352013Revenue 2014: $372,540Expenses 2014: $420,436Net Income 2014: -$47,8962014Revenue 2015: $416,925Expenses 2015: $401,857Net Income 2015: $15,0682015Revenue 2016: $428,053Expenses 2016: $454,612Net Income 2016: -$26,5592016Revenue 2017: $397,603Expenses 2017: $481,573Net Income 2017: -$83,9702017Revenue 2018: $402,226Expenses 2018: $495,679Net Income 2018: -$93,4532018Revenue 2019: $461,379Expenses 2019: $516,755Net Income 2019: -$55,3762019Revenue 2020: $413,650Expenses 2020: $464,687Net Income 2020: -$51,0372020Revenue 2021: $411,622Expenses 2021: $493,876Net Income 2021: -$82,2542021Revenue 2022: $489,601Expenses 2022: $559,519Net Income 2022: -$69,9182022Revenue 2023: $566,067Expenses 2023: $666,683Net Income 2023: -$100,6162023Revenue 2024: $717,790Expenses 2024: $719,409Net Income 2024: -$1,6192024

Highlighted filing

2023

Revenue$566,067
Expenses$666,683
Net Income-$100,616
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$566,067
Mission and Program Overview

Mission

The jac of western oklahoma sheet metal apprenticeship and training program is dedicated to excellence in vocational sheet metal training for the unionized sheet metal industry. In order to provide a qualified workforce for our contractors and meet the changing needs of the sheet metal industry we strive to provide the best possible education to all motivated individuals who have chosen to pursue a career in the sheet metal industry and to provide continuing education for journeypersons already working at the trade. To accomplish this goal we employ the best trained and qualified instructors and utilize the latest resources and training materials available.

APPRENTICESHIP TRAINING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,039,234$972,982▼ $66,252
Investments Other Securities$246,786$266,407▲ $19,621
Savings and Temporary Cash Investments$59,326$14,386▼ $44,940
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Total Assets$1,345,446$1,253,875▼ $91,571
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,345,446$1,253,875▼ $91,571
Total Net Assets Fund Balance$1,345,446$1,253,875▼ $91,571
Total Liabilities and Net Assets / Fund Balance$1,345,446$1,253,875▼ $91,571

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$904,109$1,232,907$2,137,016
Other Land Buildings$68,873$525,434$594,307
Other Securities$266,407--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jaime HickmanTraining CoordinatorFT$80,794$39,684$120,478

Board Members and Trustees

NameTitle
Mike WatsonTrustee/chairman
Jerry HovarterTrustee
Juergen DanielTrustee
Leon ReavesTrustee
Lon FettTrustee
Jim BrownTrustee/recording Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$479,852
Investment Income
$11,570
Other Revenue
$74,645
Change in Net Assets
$-100,616

Audited Revenue Reconciliation

Revenue per Audited Statements
$565,767
Revenue Not Reported on Financial Statements
$300
Revenue Not Reported on Form 990
$9,045
Total Revenue per Audited Statements
$574,812
Total Revenue per Form 990
$566,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,692
Salaries, Compensation, and Employee Benefits$312,991
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$118,704
Depreciation Depletion---$105,207
Other Employee Benefits---$97,989
Current Officers, Directors, Trustees, and Key Employees---$80,794
All Other Expenses---$38,623
Fees for Services Accounting---$28,750
Other Expenses---$18,370
Advertising---$16,873
Payroll Taxes---$15,504
Insurance---$15,433
Travel---$9,426
Conferences and Meetings---$6,489
Office Expenses---$5,225
Fees for Services Legal---$797
Fees for Service Investment Mgmnt Fees---$300
Total Functional Expenses$0$0$0$666,683

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$666,683
Expenses per Audited Statements$666,383
Total Expenses per Audited Statements$666,383
Expenses Not Reported on Financial Statements$300
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 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
Yes
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 990 is reviewed and signed by the business manager of the local union, who is also a trustee on the apprenticeship committee.

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

The board of trustees is actively involved in the financial and operational activities of the organization and would detect any conflicts of interest.

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

The coordinator's salary is determined by the board of trustees.

Form 990, Part VI, Section C, Line 19

The 990 is posted on guidestar.com by the irs to which the public has access. The form 990 is available for inspection upon request.

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Jatc
EIN
73-0765383
Phone
4059488800
Address
3909 WILLOW SPRINGS AVE, OKLAHOMA CITY, OK 73112-2946

Signing Officer

Name
Jerry Hovarter
Title
Trustee
Phone
4059488800
Signed
2024-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Hovarter
Formed
1970
Legal Domicile
Ok
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
0

Preparer

Firm
Smith Carney & Co Pc
Address
5100 N BROOKLINE SUITE 1000, OKLAHOMA CITY, OK 73112-3627
Preparer
Edward W Granger
Phone
4052721040
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes were made in 2023.

Financial Statement Notes

PART X, LINE 2:

The committee has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The committee has analyzed tax positions taken for filing with the internal revenue service and the oklahoma tax commission. The committee believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the committee's financial condition, results of operations, or cash flows. Accordingly, the committee has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2023 and 2022. The committee is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in-progress. The committee believes it is no longer subject to income tax examinations for years prior to 2020.

Raw XML Appendix349 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/MissionDesc0THE JAC OF WESTERN OKLAHOMA SHEET METAL APPRENTICESHIP AND TRAINING PROGRAM IS DEDICATED TO EXCELLENCE IN VOCATIONAL SHEET METAL TRAINING FOR THE UNIONIZED SHEET METAL INDUSTRY. IN ORDER TO PROVIDE A QUALIFIED WORKFORCE FOR OUR CONTRACTORS AND MEET THE CHANGING NEEDS OF THE SHEET METAL INDUSTRY WE STRIVE TO PROVIDE THE BEST POSSIBLE EDUCATION TO ALL MOTIVATED INDIVIDUALS WHO HAVE CHOSEN TO PURSUE A CAREER IN THE SHEET METAL INDUSTRY AND TO PROVIDE CONTINUING EDUCATION FOR JOURNEYPERSONS ALREADY WORKING AT THE TRADE. TO ACCOMPLISH THIS GOAL WE EMPLOY THE BEST TRAINED AND QUALIFIED INSTRUCTORS AND UTILIZE THE LATEST RESOURCES AND TRAINING MATERIALS AVAILABLE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMMITTEE HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE COMMITTEE HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND THE OKLAHOMA TAX COMMISSION. THE COMMITTEE BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE COMMITTEE'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE COMMITTEE HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. THE COMMITTEE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN-PROGRESS. THE COMMITTEE BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0972982
IRS990ScheduleD/TotalBookValueSecuritiesAmt0266407
IRS990ScheduleD/TotalExpensesPerForm990Amt0666683
IRS990ScheduleD/TotalRevenuePerForm990Amt0566067
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0574812
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0666383
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AND SIGNED BY THE BUSINESS MANAGER OF THE LOCAL UNION, WHO IS ALSO A TRUSTEE ON THE APPRENTICESHIP COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES IS ACTIVELY INVOLVED IN THE FINANCIAL AND OPERATIONAL ACTIVITIES OF THE ORGANIZATION AND WOULD DETECT ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COORDINATOR'S SALARY IS DETERMINED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS POSTED ON GUIDESTAR.COM BY THE IRS TO WHICH THE PUBLIC HAS ACCESS. THE FORM 990 IS AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES WERE MADE IN 2023.
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 B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01345446
IRS990/TotalAssetsEOYAmt01253875
IRS990/TotalAssetsGrp/BOYAmt01345446
IRS990/TotalAssetsGrp/EOYAmt01253875
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt0666683
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01345446
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01253875
IRS990/TotalOtherCompensationAmt039684
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0479852
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0479852
IRS990/TotalProgramServiceExpensesAmt0666683
IRS990/TotalProgramServiceRevenueAmt0479852
IRS990/TotalReportableCompFromOrgAmt080794
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0566067
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0566067
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01345446
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01253875
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt09426
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03909 WILLOW SPRINGS AVE
IRS990/USAddress/CityNm0OKLAHOMA CITY
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd0731122946
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY HOVARTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum04059488800
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHEET METAL WORKERS JATC
ReturnHeader/Filer/BusinessNameControlTxt0SHEE
ReturnHeader/Filer/EIN0730765383
ReturnHeader/Filer/PhoneNum04059488800
ReturnHeader/Filer/USAddress/AddressLine1Txt03909 WILLOW SPRINGS AVE
ReturnHeader/Filer/USAddress/CityNm0OKLAHOMA CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd0731122946
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731225615
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH CARNEY & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05100 N BROOKLINE SUITE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OKLAHOMA CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0731123627
ReturnHeader/PreparerPersonGrp/PhoneNum04052721040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD W GRANGER
ReturnHeader/ReturnTs02024-11-15T15:26:11-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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