National Stabilization AGREEMENT OF The Sheet Metal Industry Trust FUND is a fraternal society based in Fairfax, VA that was founded in 1973. As of 2019 they had $148 million in revenue and $899 million in assets.
To provide health & welfare, supplemental unemployment and underemployment benefits, special travel, severance, retiree health premium and other benefits for purpose of stabilizing the economic well being of Sheet Metal workers and employees meeting t...
Previous legal names or variations of their name include: National Stabilization Agreement Of Sheet Metal Workers Industry Trust Fund.
EIN:
23-7315003
City:
State:
Metro:
Website:
Founded:
1973
Type:
501(c)(9)
NTEE:
Revenue:
$148,595,603
Assets:
$899,484,136
Employees:
1,785
Fiscal year end:
December
Program areas at National Stabilization AGREEMENT OF The Sheet Metal Industry Trust FUND
To provide health & welfare, supplemental unemployment and underemployment benefits, special travel, severance, retiree health premium reimbursements, and retiree health care reimbursement account benefits for purpose of stabilizing the economic well being of Sheet Metal workers and employees meeting the requirements specified in the plan documents.
Form 990s for National Stabilization AGREEMENT OF The Sheet Metal Industry Trust FUND
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-12 | Dec 11, 2019 | 990 | View PDF |
| 2017-12 | Feb 21, 2019 | 990 | View PDF |
| 2016-12 | Nov 20, 2017 | 990O | View PDF |
| 2015-12 | Jan 19, 2017 | 990O | View PDF |
| 2014-12 | Jan 19, 2016 | 990O | View PDF |
| ...and five more Form 990 PDFs |
Financials for National Stabilization AGREEMENT OF The Sheet Metal Industry Trust FUND
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $0 | $0 | |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $0 | $0 | |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | |
| Program services | $67,156,036 | $62,489,646 | 7.5% |
| Investment income and dividends | $16,723,232 | $13,927,829 | 20.1% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $64,539,002 | $40,963,871 | 57.6% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $177,333 | $107,134 | 65.5% |
| Total revenues | $148,595,603 | $117,488,480 | 26.5% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $36,269,520 | $35,134,164 | 3.2% |
| Compensation of current officers, etc. | $281,652 | $280,356 | 0.5% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $729,227 | $710,621 | 2.6% |
| Pension/retirement accruals and contributions | $0 | $0 | |
| Other employee benefits | $393,079 | $396,507 | -0.9% |
| Payroll taxes | $69,152 | $67,854 | 1.9% |
| Management fees | $0 | $0 | |
| Legal fees | $41,981 | $61,415 | -31.6% |
| Accounting fees | $110,856 | $90,000 | 23.2% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $2,942,899 | $2,933,237 | 0.3% |
| Other fee-for-service | $632,711 | $691,917 | -8.6% |
| Advertising and promotion | $9,330 | $9,245 | 0.9% |
| Office expenses | $119,915 | $79,791 | 50.3% |
| Information tech. expenses | $16,949 | $85,465 | -80.2% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $154,752 | $158,244 | -2.2% |
| Travel | $4,489 | $12,820 | -65.0% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $39,196 | $49,100 | -20.2% |
| Interest | $0 | $0 | |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $5,235 | $5,235 | |
| Insurance | $78,787 | $76,436 | 3.1% |
| All other expenses | $28,433 | $27,201 | 4.5% |
| Total expenses | $41,928,163 | $40,869,608 | 2.6% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $0 | | |
| Savings, short-term investments, etc. | $46,238,492 | $99,598,913 | -53.6% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $8,593,366 | $7,822,505 | 9.9% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $29,959 | $110,484 | -72.9% |
| Buildings, equipment, etc. post-depreciation | $9,707 | $14,942 | -35.0% |
| Investments, publicly traded securities | $487,330,571 | $469,795,513 | 3.7% |
| Investments, other securities | $357,282,041 | $341,355,119 | 4.7% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $0 | | |
| Total assets | $899,484,136 | $918,697,476 | -2.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $824,743 | $878,557 | -6.1% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $0 | $0 | |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $0 | $14,905,853 | -100% |
| Total liabilities | $824,743 | $15,784,410 | -94.8% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $0 | $0 | |
| Temporarily restricted net assets | $0 | $0 | |
| Permanently restricted net assets | $0 | $0 | |
Vendors for National Stabilization AGREEMENT OF The Sheet Metal Industry Trust FUND
| Vendor | Services | Amount paid | Date |
|---|
| Kimbia | Fundraising software | | 2020-08-23 |
| ███████ ███ ████ | Fundraising software; Payment processing | | 2020-08-23 |
| ██████ █████████████ ███ | Tax accounting | | 2019-12-11 |
| ████████ ████ | Investment Custodian | $236,364 | 2018-12-01 |
| █████████ ██████████ | Investment Manager | $432,461 | 2018-12-01 |
| ████ ██ ███ ████ ██████ | Investment Manager | $302,633 | 2018-12-01 |
| ███████ ███████ ███████ ██████████ | Investment Manager | $254,686 | 2018-12-01 |
| ███ █████ ██████████ ██ ███ | Investment Manager | $416,479 | 2018-12-01 |
| ...and one more vendors |
Personnel at National Stabilization AGREEMENT OF The Sheet Metal Industry Trust FUND
| Name | Title | Compensation | Most recent data |
|---|
| Lori Wood | Executive Director | - | Sept. 21, 2019 |
| Debbie Elkins | Director of Operations | - | Sept. 21, 2019 |
| ██████ ██████ | General Counsel | - | Sept. 21, 2019 |
| █████ ███████ | Billing Manager | - | Sept. 21, 2019 |
| ███ ████████ | Audit Manager | - | Sept. 21, 2019 |
| █████ █████ | Trustee | $0 | Dec. 11, 2019 |
Peer fraternal organizations
| | Name | Type | Revenue | Location |
|---|
| 1 | Equity-League Health Trust Fund | 501(c)(9) | $77 million | New York, NY |
| 2 | National Automatic Sprinkler Industry Welfare Fund | 501(c)(9) | $256 million | Landover, MD |
| 3 | Los Angeles FIREMEN'S Relief Association | 501(c)(9) | $100 million | Los Angeles, CA |
| 4 | Teamsters Joint Council No 83 of Virginia Health and Welfare Fund | 501(c)(9) | $67 million | Richmond, VA |
| 5 | Teamsters Local 705 | 501(c)(9) | $37 million | Chicago, IL |
| 6 | Chicago Laborers District Council Retiree Health and Welfare Fund | 501(c)(9) | $113 million | Westchester, IL |
| 7 | United Federation of Teachers Welfare Fund | 501(c)(9) | $384 million | New York, NY |
| 8 | Seiu Healthcare Il Home Care and Child Care Fund | 501(c)(9) | $113 million | Chicago, IL |
| 9 | United Teamster Fund | 501(c)(9) | $41 million | Brooklyn, NY |
| 10 | Connecticut Laborers' Health Fund | 501(c)(9) | $56 million | West Haven, CT |
| 11 | Midwest Operating Engineers Welfare Fund | 501(c)(9) | $232 million | Countryside, IL |
| 12 | District Council 37 Health and Security Plan Trust | 501(c)(9) | $234 million | New York, NY |
| 13 | United Food and Commercial Workers Local 400 Health and Welfare Fund | 501(c)(9) | $42 million | South Charleston, WV |
| 14 | Ufcw Local 1776KS WD and Employers Health Fund | 501(c)(9) | $49 million | Canonsburg, PA |
| 15 | Health and Welfare Trust | 501(c)(9) | $104 million | Atlanta, GA |
| 16 | Fox Valley Laborers Health and Welfare Fund | 501(c)(9) | $42 million | Elgin, IL |
| 17 | United Food and Commercial Workers Union Local 1262 Employers Welfare Fund | 501(c)(9) | $79 million | Clifton, NJ |
| 18 | IUOE Local 15 | 501(c)(9) | $95 million | Long Island City, NY |
| 19 | International Association of Machinists and Aerospace Workers Welfare Trust | 501(c)(9) | $65 million | Bridgeton, MO |
| 20 | Local 677 Health Service and Insurance Plan | 501(c)(9) | $37 million | Waterbury, CT |
| 21 | Tri-State Joint Fund | 501(c)(9) | $94 million | Cheshire, CT |
| 22 | Psc-Cuny Welfare Fund | 501(c)(9) | $44 million | New York, NY |
| 23 | Suburban Teamsters of Northern Illinois Welfare Fund | 501(c)(9) | $64 million | West Chicago, IL |
| 24 | Ufcw Local One Health Care Fund | 501(c)(9) | $80 million | Oriskany, NY |
| 25 | Xcel Energy Voluntary Employees Benefciary Trust for Active Employees | 501(c)(9) | $153 million | Minneapolis, MN |