NATIONAL STABILIZATION AGREEMENT OF SHEET METAL WORKERS INDUSTRY TR FD: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL STABILIZATION AGREEMENT OF SHEET METAL WORKERS INDUSTRY TR FD (EIN 23-7315003)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-07-03
- IRS object ID
- 201211859349300406
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-07-03T09:29:00-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 611436956 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NOVAK FRANCELLA LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE PRESIDENTIAL BLVD SUITE 330 | AddressLine1 |
| City | BALA CYNWYD | City |
| State | PA | State |
| ZIP Code | 19004 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237315003 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL STABILIZATION AGREEMENT OF | BusinessNameLine1 |
| Business Name Line2 | THE SHEET METAL INDUSTRY TRUST FUND | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NATI | NameControl |
| Phone | 7037397250 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 N FAIRFAX STREET NO 400 | AddressLine1 |
| City | ALEXANDRIA | City |
| State | VA | State |
| ZIP Code | 223142054 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL J SULLIVAN | Name |
| Title | CHAIRMAN | Title |
| Phone | 7037397250 | Phone |
| Date Signed | 2012-07-03 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LOUIS VERZELLA CPA | Name |
| PTIN | P00360279 | PTIN |
| Phone | 6106689400 | Phone |
| Date Prepared | 2012-07-03 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL J SULLIVAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1750 NEW YORK AVENUE NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20006 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1093071044 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Trust | X | TypeOfOrganizationTrust |
| Year Formation | 1973 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | 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 THE REQUIRMENTS SPECIFIED IN THE TRUST AGREEMENT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 35 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 48909604 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 52032242 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 35223207 | InvestmentIncomePriorYear |
| Investment Income Current Year | 39089831 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 333273 | OtherRevenuePriorYear |
| Other Revenue Current Year | 94994 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 84466084 | TotalRevenuePriorYear |
| Total Revenue Current Year | 91217067 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 78405975 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 57254070 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2053806 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2127425 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4143592 | OtherExpensePriorYear |
| Other Expenses Current Year | 3972047 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 84603373 | TotalExpensesPriorYear |
| Total Expenses Current Year | 63353542 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -137289 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 27863525 | RevenuesLessExpensesCY |
| Total Assets BOY | 477531354 | TotalAssetsBOY |
| Total Assets EOY | 475364007 | TotalAssetsEOY |
| Total Liabilities BOY | 1263992 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2595974 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 476267362 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 472768033 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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 THE REQUIRMENTS SPECIFIED IN THE TRUST AGREEMENT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | 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 THE REQUIRMENTS SPECIFIED IN THE TRUST AGREEMENT. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 97 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 35 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAROLD W BRADSHAW ADMINISTRATOR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7037397250 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 N FAIRFAX STREET SUITE 400 | AddressLine1 |
| City | ALEXANDRIA | City |
| State | VA | State |
| ZIP Code | 223142054 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| MICHAEL SULLIVAN | |||||||
| TRUSTEE/CHAIRMAN | 4.00 | X | 0 | 0 | 0 | ||
| STEPHEN QUARANTO | |||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | ||
| LOUIS FRANZEN | |||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | ||
| PAUL HAYES | |||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | ||
| ROBERT NEWTON | |||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | ||
| JOHN UNGER | |||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | ||
| GREGORY YOAK | |||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | ||
| MICHAEL MOORE | |||||||
| TRUSTEE (P) | 4.00 | X | 0 | 0 | 0 | ||
| C BRENT NEWSOME | |||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | ||
| HAROLD W BRADSHAW JR | |||||||
| ADMINISTRATOR | 35.00 | 178381 | 0 | 67913 | X | ||
| DANIEL J SHAUGHNESSY | |||||||
| CONTROLLER & ACCOUNTING MG | 35.00 | 121408 | 0 | 54591 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 299789 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 122504 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NETBYTES INC | |||||
| 14405 COACHWAY DR | CENTREVILLE | VA | 20120 | COMPUTER SUPPORT | 899846 |
| ROBECO INVESTMENT MANAGEMENT | |||||
| 909 THIRD AVENUE | NEW YORK | NY | 10022 | INVESTMENT MANAGER | 357994 |
| QUEST INVESTMENT MANAGEMENT | |||||
| 1 SW COLUMBIZ STE 1100 | PORTLAND | OR | 97258 | INVESTMENT MANAGER | 351700 |
| LOTTSOFF CAPITAL MANAGEMENT | |||||
| 201 N CLARKS STREET 34TH FLOOR | CHICAGO | IL | 60602 | INVESTMENT MANAGER | 311731 |
| LOOMIS SAYLES & CO LP | |||||
| ONE FINANCIAL CENTER | BOSTON | MA | 02111 | INVESTMENT MANAGER | 250484 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 11 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| EMPLOYER CONTRIBUTIONS | 525100 | 51822015 | 51822015 |
| ADMIN SERVICE FEES | 525100 | 210227 | 210227 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 52032242 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11577674 | TotalRevenueColumn |
| Exclusion | $11,577,674 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1029366134 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1001853977 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 27512157 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 27512157 | TotalRevenueColumn |
| Exclusion | $27,512,157 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 94994 | TotalRevenueColumn |
| Exclusion | $94,994 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 94994 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 91217067 | TotalRevenueColumn |
| Related Or Exempt Function Income | 52032242 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $39,184,825 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57254070 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 246294 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1139058 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 201466 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 437727 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102880 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 303118 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58998 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2085681 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 203704 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18043 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99582 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109642 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 304808 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24813 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67593 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 237826 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 104448 | Total |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COLLECTION SERVICES | 335179 |
| TEMPORARY HELP | 13082 |
| LICENSES AND TAXES | 5530 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63353542 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200 | BOY |
| EOY | 200 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19994249 | BOY |
| EOY | 35621968 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6932247 | BOY |
| EOY | 7537335 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33799 | BOY |
| EOY | 74568 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3471557 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1182824 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1620961 | BOY |
| EOY | 2288733 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 437745198 | BOY |
| EOY | 405713747 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10884434 | BOY |
| EOY | 23464934 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 320266 | BOY |
| EOY | 662522 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 477531354 | BOY |
| EOY | 475364007 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 815165 | BOY |
| EOY | 735444 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 448827 | BOY |
| EOY | 1860530 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1263992 | BOY |
| EOY | 2595974 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 476267362 | BOY |
| EOY | 472768033 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 476267362 | BOY |
| EOY | 472768033 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 477531354 | BOY |
| EOY | 475364007 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 27863525 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -31362854 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3471557 | OtherCostOrOtherBasis |
| Depreciation | 1182824 | Depreciation |
| Book Value | 2288733 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2288733 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO BROKER - INVESTMENTS PURCHASED | Description |
| Amount | $1,860,530 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1860530 | TotalOfAmounts |
| Total Revenue | 91217067 | TotalRevenue |
| Total Expenses | 63353542 | TotalExpenses |
| Excess Or Deficit For Year | 27863525 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -31362854 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -31362854 | TotalAdjustments |
| Excess Or Deficit Per FS | -3499329 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 57768532 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -31362854 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -31362854 | RevenueNotRptdF990 |
| Revenue Subtotal | 89131386 | RevenueSubtotal |
| Investment Expenses Not Included | 2085681 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2085681 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 91217067 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 61267861 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 61267861 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 2085681 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 2085681 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 63353542 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | MANAGEMENT EVALUATED THE PLAN'S TAX POSITIONS AND CONCLUDED THAT THE PLAN HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. AT THE PRESENT TIME, THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE 2008. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HAROLD W BRADSHAW JR | |||||||||||||
| 178381 | 0 | 0 | 0 | 0 | 0 | 35545 | 0 | 32368 | 0 | 246294 | 0 | 0 | 0 |
| DANIEL J SHAUGHNESSY | |||||||||||||
| 121408 | 0 | 0 | 0 | 0 | 0 | 24147 | 0 | 30444 | 0 | 175999 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | NATIONAL STABILIZATION AGREEMENT OF THE SHEET METAL INDUSTRY TRUST FUND'S FORM 990 IS PREPARED BY ITS INDEPENDENT PUBLIC ACCOUNTANT WHO PRESENTS THE COMPLETED RETURN TO THE BOARD OF TRUSTEES AT ITS MEETING FOR REVIEW AND SIGNATURE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. ALL EMPLOYEES ARE REQUIRED TO SIGN OFF ON AN THE CONFLICT OF INTERESTS POLICY'S ANNUAL UPDATE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES, IN EXECUTIVE SESSION, SHALL, NOT LESS THAN ANNUALLY, REVIEW THE COMPENSATION OF KEY EXECUTIVE POSITIONS (FUND ADMINISTRATOR, ASSISTANT FUND ADMINISTRATOR AND COMPTROLLER) AND DETERMINING ISSUES RELATING TO COMPENSATION, INCLUDIN INCREASES IN SALARY AND/OR BENEFITS. IN DETERMINING COMPENSATION ISSUES RELATED TO KEY EXECUTIVE POSITIONS WITH SASMI, THE TRUSTEES MAY CONSIDER: A. THE CREDENTIALS AND EXPERIANCE OF THE INDIVIDUAL HOLDING AN EXECUTIVE POSITION; B. THE SENIORITY, TERM AND TENURE OF THE INDIVIDUAL WITH SASMI; C. THE QUALITY OF WORK PERFORMED BY THE INDIVIDUAL ON SASMI'S BEHALF; D. THE RESPONSIBILITIES OF THE POSITION; AND E. THE AMOUNT(S) AND/OR RANGE(S) OF REASONABLE COMPENSATION PAID TO INDIVIDUALS PERFORMING LIKE OR SIMILAR SERVICES FOR OTHER BUSINESSES OR ENTITIES, INCLUDING OTHERTRUST FUNDS, WHERE COMPARABLE SKILLS AND RESPONSIBILITIES ARE REQUIRED. | |
| FORM 990, PART VI, SECTION C, LINE 19 | NATIONAL STABILIZATION AGREEMENT OF THE SHEET METAL INDUSTRY TRUST FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART VII | MICHAEL SULLIVAN - 1750 NEW YORK AVE, NW, WASHINGTON, DC 20006. STEPHEN QUARANTO - 38 STARR RIDGE ROAD, BREWSTER, NY 10509. LOUIS FRANZEN - 1382 S. VINE STREET, DENVER, CO 80210. PAUL HAYES - 2855 VIA VERDE, SPRINGFIELD, IL 62703. ROBERT NEWTON - 7477 N STATE ROAD 39, LIZTON, IN 46149. JOHN UNGER - 299 FOXBORO, SAGINAW, MI 48603. GREGORY YOAK - 182 NORTH YALE AVE, COLUMBUS, OH 43222. MICHAEL MOORE - 4949 NORTHCUTT PLACE, DAYTON, OH 45414. C. BRENT NEWSOME - 1108 29TH STREET NORTH, BIRMINGHAM, AL 52343. | CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -31,362,854. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | THE NATIONAL STABILIZATION AGREEMENT OF THE SHEET METAL INDUSTRY TRUST FUND'S BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNT WHO PERFORMS THE AUDIT. THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR. | |
| FORM 990, PART V, LINE 2A: | THE NATIONAL STABILIZATION AGREEMENT OF THE SHEET METAL INDUSTRY TRUST FUND PAYS BENEFITS TO PARTICIPANTS THAT ARE CONSIDERED TAXABLE WAGES. THE TRUST ISSUED 4,837 FORMS W-2 TO PARTICIPANTS FOR THE 2011 TAX PERIOD. |