Sheet Metal Workers International Scholarship Fund
- Assets
- $5.5m
- Revenue
- $956.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/1992
- Data as of
- 06/2021
- EIN
- 52-1581247
Organization Overview
Sheet Metal Workers International Scholarship Fund is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers International Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Sheet Metal Workers International Scholarship Fund generated $956.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $450.2k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIPS TO ITS MEMBERS OF THE INTERNATIONAL ASSOCIATION AND SHEET METAL INTERNATIONAL TO SHEET METAL, AIR, RAIL AND TRANSPORTATION WORKERS AND INDIVIDUALS WITHIN THEIR IMMEDIATE FAMILIES.
SALARIES AND WAGES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Powell Plan Administrator | Officer | 1 | $0 |
Joseph Sellers Jr Union Trustee | Trustee | 2 | $0 |
William Zahner Employer Trustee | Trustee | 2 | $0 |
Scott Parks Union Trustee | Trustee | 2 | $0 |
Richard Pellar Employer Trustee | Trustee | 2 | $0 |
George Welsch Employer Trustee | Trustee | 2 | $0 |
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 | $509,663 |
| Investment income | $146,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $290,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $956,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $377,773 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,272 |
| Fees for services: Accounting | $16,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,658 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $809 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,155 |
| All other expenses | $0 |
| Total functional expenses | $450,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $401,933 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,470 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,094,828 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,545,676 |
| Accounts payable and accrued expenses | $5,064 |
| Grants payable | $1,793,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$63,551 |
| Total liabilities | $1,734,513 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,811,163 |
| Total liabilities and net assets/fund balances | $5,545,676 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sheet Metal Workers International Scholarship Fund has recieved totaling $12,300.
| Awarding Organization | Amount |
|---|---|
International Association Pension Plan Washington, DC PURPOSE: Program Support | $6,300 |
Pharmaceutical Industry Labor Management Association Alexandria, VA PURPOSE: CONTRIBUTION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |