2012-09-28T09:34:07-05:00 2011-12-31 611436956 NOVAK FRANCELLA LLC 450 SEVENTH AVENUE SUITE 3500 NEW YORK NY 10123 990 2011-01-01 131739693 SHEET METAL WORKERS UNION LOCAL 38 INSURANCE AND WELFARE FUND SHEE 8452789633 38 STARR RIDGE ROAD BREWSTER NY 10509 STEPHEN QUARANTO 8452789633 2012-09-27 LOUIS VERZELLA CPA P00360279 2122794262 2012-09-26 2011 2016-02-24 21:20:13Z STEPHEN QUARANTO 38 STARR RIDGE ROAD BREWSTER NY 10509 27940262 0 X WWW.SHEETMETALLOCAL38.ORG X 1948 NY V.E.B.A. PLAN THAT PROVIDES HOSPITALIZATION, MAJOR MEDICAL, PRESCRIPTION DRUG, DENTAL, VISION, DISABILITY AND DEATH BENEFITS TO MEMBERS AND THEIR DEPENDENTS. 6 6 9 0 0 0 0 0 8186482 7790447 575335 1298543 66366 7609 8828183 9096599 0 0 7171053 8190027 291940 328402 0 0 0 289831 273076 7752824 8791505 1075359 305094 19326421 19241591 24174 31887 19302247 19209704 THE PLAN PROVIDES HOSPITALIZATION, MAJOR MEDICAL, PRESCRIPTION DRUG, DENTAL, VISION, DISABILITY AND DEATH BENEFITS TO MEMBERS AND THEIR DEPENDENTS. 0 0 THE PLAN PROVIDES HOSPITALIZATION, MAJOR MEDICAL, PRESCRIPTION DRUG, DENTAL, VISION, DISABILITY AND DEATH BENEFITS TO MEMBERS AND THEIR DEPENDENTS. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 9 1 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X FUND MANAGER 8452789633 38 STARR RIDGE ROAD BREWSTER NY 10509 LAWRENCE STURGIS 2.00 X 0 0 0 TIMOTHY TYRRELL 2.00 X 0 0 0 DENNIS LAVOPA 2.00 X 0 0 0 RICHARD P PAGANO 2.00 X 0 0 0 STEPHEN QUARANTO 2.00 X 0 106367 0 STEPHEN SHAND 2.00 X 0 0 0 GILBERT LESTER JR 2.00 X 0 98577 0 JOHN TARR 2.00 X 0 99357 0 MARK MODZELESKI 40.00 X 88472 12616 78091 88472 316917 78091 0 0 1 0 AETNA INC PO BOX 13049 NEWARK NJ 07188 CLAIMS ADMINISTRATION 267757 1 EMPLOYER CONTRIBUTIONS 525100 7325233 7325233 PARTICIPANT CONTRIBUTI 525100 212313 212313 COBRA CONTRIBUTIONS 525100 134740 134740 COBRA PREMIUM ASSISTAN 525100 118161 118161 7790447 561382 561382 19580824 18843663 737161 737161 737161 OTHER INCOME 900099 7609 7609 7609 9096599 7790447 0 1306152 8190027 182382 59008 59009 28003 67296 44603 16850 8928 24679 21287 69763 3338 3573 9815 TRUSTEE EXPENSES 2944 8791505 1510710 3483317 390383 633966 675222 15209138 16665276 19326421 19241591 1640 10321 22534 21566 24174 31887 X 0 0 0 0 19302247 19209704 19302247 19209704 19326421 19241591 X 305094 -397637 X X 0 1 1 X 0 0 DUE TO PROFIT SHARING FUND 21566 21566 9096599 8791505 305094 -397637 -397637 -92543 8682112 -397637 -397637 9079749 16850 16850 9096599 8774655 0 8774655 16850 16850 8791505 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 YEARS BEFORE 2008. 0 0 0 MARK MODZELESKI 88472 12616 0 0 0 0 34172 4873 34173 4873 156817 22362 0 0 FORM 990, PART VI, SECTION B, LINE 11 SHEET METAL WORKERS UNION LOCAL 38 INSURANCE AND WELFARE FUND'S FORM 990 IS PREPARED BY ITS INDEPENDENT PUBLIC ACCOUNTANT WHO THEN FORWARDS THE COMPLETED FORM TO THE FUND' ADMINISTRATOR FOR REVIEW. THE ADMINISTRATOR THEN PRESENTS THE FORM 990 TO THE FUND'S GOVERNING BODY FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION C, LINE 19 SHEET METAL WORKERS UNION LOCAL 38 INSURANCE AND WELFARE FUND'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII LAWRENCE STURGIS - 1 PAULDING STREET, ELMSFORD, NY 10523. DENNIS LAVOPA - 3590 ROUTE 9, COLD SPRING OFFICE PARK, COLD SPRING, NY 10516. STEPHEN SHAND - 39 PROSPECT STREET, WEST, NANUET, NY 10954. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -397,637. FORM 990, PART XII, LINE 2C: SHEET METAL WORKERS UNION LOCAL 38 INSURANCE AND WELFARE FUND'S GOVERNING BODY IS RESPONSIBLE FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT PUBLIC ACCOUNTANT THAT PERFORMS THE AUDIT. THERE HAS BEEN NO CHANGE FROM TEH PREVIOUS YEAR. SHEET METAL WORKERS UNION LOCAL 38 VACATION FUND 38 STARR RIDGE ROAD BREWSTER NY 10509 136109887 VEBA TRUST NY 501(C)(9) 0 SHEET METAL WORKERS UNION LOCAL 38 PROFIT SHARING PLAN 38 STARR RIDGE ROAD BREWSTER NY 10509 133319872 PENSION FUND NY 401(A)/501(A) 0 SHEET METAL WORKERS UNION LOCAL 38 CRAFT TRAINING FUND 38 STARR RIDGE ROAD BREWSTER NY 10509 132622315 TRAINING FUND NY 501(C)(3) 0 SHEET METAL WORKERS UNION LOCAL 38 38 STARR RIDGE ROAD BREWSTER NY 10509 131739691 LABOR UNION NY 501(C)(5) 0 A BORRELLI HVAC 147 WHEELER AVENUE PLEASANTVILLE NY 10570 SHEET METAL FABRICATION NY C A PROKOSCH & SON 772-784 SOUTH ST NEWBURGH NY 12550 SHEET METAL FABRICATION NY C ABM AIR COND & HEATING 11 W CROSS ST HAWTHORNE NY 10532 SHEET METAL FABRICATION NY C ACCU-TEMP 39 ARROWHEAD RD WILTON CT 06897 SHEET METAL FABRICATION CT C AIR TEMP CO 14 KNOB ROAD MOUNT POCONO PA 18344 SHEET METAL FABRICATION PA C AIRFLOW AC HEATING & REFRIG PO BOX 941 HIGHLAND NY 12528 SHEET METAL FABRICATION NY C AIRTECH OF 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08876 SHEET METAL FABRICATION NJ C J&M HALEY CORP 71 SYLVESTER STREET WESTBURY NY 11590 112270289 SHEET METAL FABRICATION NY C J&M HEATING & AIR CONDITIONING 48 GRAND STREET NEW ROCHELLE NY 10801 SHEET METAL FABRICATION NY C KATONAH ROOFING CO INC 388 ADAMS STREET BEDFORD HILLS NY 10507 SHEET METAL FABRICATION NY C KJC WATERPROOFING INC 39 WEST QUACKENBUSH AVE DUMONT NJ 07628 SHEET METAL FABRICATION NJ C KLAIRGAR INC 311 S 6TH AVENUE MT VERNON NY 10550 SHEET METAL FABRICATION NY C KLEEBERG SHEET METAL INC 65 WESTOVER ROAD LUDLOW MA 01056 042321301 SHEET METAL FABRICATION MA C KNM SHEET METAL INC 64 MAPLE STREET BEACON NY 12508 SHEET METAL FABRICATION NY C LANDMARK OF RIDGEFIELD PO BOX 359 MILTON NY 12547 SHEET METAL FABRICATION NY C LANGSTON CONSTRUCTION 13152 BAYOU TERRACE DRIVE SAINT AMANT LA 70774 SHEET METAL FABRICATION LA C LINK METAL FINISHING CORP 534 ALBANY POST ROAD CROTON NY 10520 SHEET METAL FABRICATION NY C LUCRE ENTERPRISES INC 30 STADLEY ROUGH ROAD DANBURY CT 06811 SHEET METAL FABRICATION CT C M GOTTFRIED INC PO BOX 2218 STAMFORD CT 06906 SHEET METAL FABRICATION CT C MI LABOR 64200 TIPPERARY DRIVE WASHINGTON TWP MI 48095 SHEET METAL FABRICATION MI C MAJOR METALS INC 19 RYAN ROAD HOPEWELL JCT NY 12533 SHEET METAL FABRICATION NY C MCD MECHANICAL INC 20 CORPORATE CIRCLE ALBANY NY 12203 141634620 SHEET METAL FABRICATION NY C MERCURY HEATING & AIR COND 3135 COURT STREET YORKTOWN NY 10598 SHEET METAL FABRICATION NY C METROPOLIS HVAC 233 WAVERLY STREET YONKERS NY 10701 SHEET METAL FABRICATION NY C METROPOLIS HVAC CONTRACTORS 233 SOUTH WAVERLY YONKERS NY 10701 SHEET METAL FABRICATION NY C MORTENSON ROOFING CO INC 9505 CORSAIR ROAD FRANKFORT IL 60423 SHEET METAL FABRICATION IL C MT PLEASANT AIR CONDHEAT 223 LIVINGSTON AVE HAWTHORNE NY 10532 SHEET METAL FABRICATION NY C NORTHERN TEST & BALANCING CORP PO BOX 407 REDDING RIDGE CT 06876 SHEET METAL FABRICATION CT C OSMAN LTD 465A HERITAGE HILLS SOMERS NY 10589 SHEET METAL FABRICATION NY C PEARL RIVER SHEET METAL 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SUPERSKY PRODUCTS INC 10301 N ENTERPRISE DRIVE MEQUON WI 53092 SHEET METAL FABRICATION WI C TACONIC HEATING & COOLING CORP 9 DOGWOOD ROAD CORTLANDT MANOR NY 10567 SHEET METAL FABRICATION NY C TB MECHANICAL LLC 5 SUNSET LANE NEW MILFORD CT 06776 SHEET METAL FABRICATION CT C TESTING & BALANCING PO BOX 401 GARRISON NY 10524 SHEET METAL FABRICATION NY C TITAN ROOFING INC 70 ORANGE STREET CHICOPEE MA 01013 SHEET METAL FABRICATION MA C TOUGHER MECHANICAL 47 BROADWAY ALBANY NY 12204 SHEET METAL FABRICATION NY C TRU SHEET METAL 644 UNION AVENUE HOLTSVILLE NY 11742 SHEET METAL FABRICATION NY C TURNER MECHANICAL SERVICES INC 135 ETHAN ALLEN HIGHWAY RIDGEFIELD CT 06877 SHEET METAL FABRICATION CT C U S TEST & BALANCE 10 CORPORATE PARK DRIVE HOPEWELL JCT NY 12533 SHEET METAL FABRICATION NY C UNIVERSAL STEEL ASSOCIATES IN 1830 SOUTH ROAD 102 WAPPINGERS FALL NY 12590 SHEET METAL FABRICATION NY C US ALLEGRO INC 496 SWEEZY AVENUE RIVERHEAD NY 11901 SHEET METAL FABRICATION NY C USC GROUP 607 BANTAM ROAD 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FUND J 69763 FMV