Sheet Metal Workers Local 27 S Unemployment Fund

Organization Overview

Sheet Metal Workers Local 27 S Unemployment Fund is located in Farmingdale, NJ. The organization was established in 1994. According to its NTEE Classification (Y24) the organization is classified as: Supplemental Unemployment Compensation, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Sheet Metal Workers Local 27 S Unemployment Fund employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Local 27 S Unemployment Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Sheet Metal Workers Local 27 S Unemployment Fund generated $585.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $476.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS FOR ITS PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THE FUND IS TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS, WORK INCENTIVE REBATE BENEFITS, AND TRAVEL BENEFITS FOR ITS PARTICIPANTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$540,440
Investment income $9,390
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $34,281
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $584,998

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