National Stabilization Agreement Of The Sheet Metal Industry Trust Fund

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237315003 ✦ Falls church, VA ✦ Designated as a 501(c)(9)

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Overview

What is National Stabilization Agreement Of The Sheet Metal Industry Trust Fund?

The National Stabilization Agreement of the Sheet Metal Industry Trust Fund is a nonprofit organization established to provide various benefits for sheet metal workers and employees who meet the specified requirements. Its primary mission is to ensure economic stability by offering health and welfare, supplemental unemployment and underemployment benefits, special travel, severance, death, maternity, benevolent relief, retiree health premium reimbursements, and retiree healthcare reimbursement account benefits.


Official website here: www.sasmi.org

What are the reviews and ratings of this charity?

The National Stabilization Agreement Of The Sheet Metal Industry Trust Fund is not currently rated by Charity Navigator. The absence of a rating highlights that the organization either lacks an Accountability & Finance beacon or an Impact & Measurement beacon, both necessary for a full assessment. This does not inherently indicate positive or negative performance; it simply implies limited available data for evaluation.

Historically, Charity Navigator ratings for such organizations focused on Accountability and Finance. However, due to its status as a non-501(c)(3) entity, key aspects like Leadership, Culture, and Impact are not assessed for this trust fund. As a result, the organization remains unrated in several dimensions that typically offer insights into a nonprofit's adaptability and community involvement.

There are no user reviews available for this organization on GreatNonprofits. This absence means potential donors or interested parties must seek other means to gauge the trust fund's effectiveness and reputation in the industry. Without anecdotal evidence or measurable metrics, assessing its operational integrity and community impact remains challenging.


This AI summary has been generated from information found on Charity Navigator.

Is National Stabilization Agreement Of The Sheet Metal Industry Trust Fund legitimate?

National Stabilization Agreement Of The Sheet Metal Industry Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. National Stabilization Agreement Of The Sheet Metal Industry Trust Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $272,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,006,532

For more financial information, click here


Official website here: www.sasmi.org

What is the mission statement of National Stabilization Agreement Of The Sheet Metal Industry Trust Fund?

The National Stabilization Agreement Of The Sheet Metal Industry Trust Fund is dedicated to enhancing the economic stability of sheet metal workers and eligible employees. Through this trust fund, members can access various benefits including health and welfare services, supplemental unemployment and underemployment benefits, special travel arrangements, severance pay, death benefits, maternity relief, benevolent relief, retiree health premium reimbursements, and retiree health care reimbursement account benefits. The primary goal is to maintain the economic well-being of those who meet the specified requirements, as outlined in the plan documents.


Official website here: www.sasmi.org

Who is the CEO of National Stabilization Agreement Of The Sheet Metal Industry Trust Fund?

John Daniel is the Trustee of National Stabilization Agreement Of The Sheet Metal Industry Trust Fund.


Official website here: www.sasmi.org

What is the revenue of National Stabilization Agreement Of The Sheet Metal Industry Trust Fund?

National Stabilization Agreement Of The Sheet Metal Industry Trust Fund's revenue in 2022 was $114,673,202.


Official website here: www.sasmi.org

Who are the executives of National Stabilization Agreement Of The Sheet Metal Industry Trust Fund and what are their salaries?

The average compensation at National Stabilization Agreement Of The Sheet Metal Industry Trust Fund during 2022 was $459. There are 2787 employees at National Stabilization Agreement Of The Sheet Metal Industry Trust Fund.


Here are 12 key members and their salaries:


John Daniel (Trustee)
  • Compensation: $0
  • Related: $181,123
  • Other: $100,760
Anthony Castrello (Trustee)
  • Compensation: $0
  • Related: $103,234
  • Other: $55,776
Donald Dunne (Trustee)
  • Compensation: $0
  • Related: $99,826
  • Other: $66,711
Kolby Hanson (Trustee - New)
  • Compensation: $0
  • Related: $162,237
  • Other: $67,345
J Scott Parks (Trustee - Past)
  • Compensation: $0
  • Related: $123,313
  • Other: $70,722
Hank Meyers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Monahan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Bingham (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hank Artlip (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Colombo (Administrator)
  • Compensation: $184,820
  • Related: $0
  • Other: $87,330
Kathy Hickey (Benefits Manager)
  • Compensation: $126,797
  • Related: $0
  • Other: $47,039
Nicholas Devore (Senior It Developer)
  • Compensation: $115,317
  • Related: $0
  • Other: $45,753


Official website here: www.sasmi.org

Where can I find the form 990 for National Stabilization Agreement Of The Sheet Metal Industry Trust Fund?

National Stabilization Agreement Of The Sheet Metal Industry Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sasmi.org

Learn more at the official website: www.sasmi.org

Mission Statement of National Stabilization Agreement Of The Sheet Metal Industry Trust Fund

The National Stabilization Agreement of the Sheet Metal Industry Trust Fund is a mission-driven organization that prioritizes the health and welfare of sheet metal workers and their employees. Established to maintain the economic well-being of eligible individuals in the industry, this trust fund offers a range of benefits designed to support and stabilize the lives of those who meet the specified requirements.

More specifically, the Trust Fund provides health and welfare benefits, supplemental unemployment and underemployment compensation, and special travel allowances to eligible sheet metal workers and their dependents. In addition, the program offers severance benefits, death benefits, maternity benefits, benevolent relief, retiree health premium reimbursements, and retiree health care reimbursement account benefits.

By offering these comprehensive and essential benefits, the National Stabilization Agreement of the Sheet Metal Industry Trust Fund enables its members to navigate the challenges and uncertainties of their careers with greater peace of mind and stability. Through its commitment to the economic well-being of sheet metal workers and their families, this organization has become an invaluable resource in the industry.

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Impact




October, 2024

The National Stabilization Agreement of the Sheet Metal Industry Trust Fund significantly contributes to the economic stability of sheet metal workers and their families. By providing essential health and welfare benefits, the Fund addresses critical needs such as supplemental unemployment and underemployment benefits, which help to cushion the impact of job loss or reduced work hours.

Additionally, by offering benefits for special travel, severance, maternity, and death, the Fund serves to support workers during pivotal life events. The inclusion of benevolent relief and retiree health premium reimbursements further enhances the overall security and well-being of current and retired employees in the industry.

Overall, the Trust Fund plays a vital role in stabilizing the economic well-being of sheet metal workers by ensuring access to necessary resources and support systems, thereby promoting a healthier workforce and potentially reducing the stress associated with financial uncertainties. This comprehensive approach fosters long-term stability within the industry, benefiting both workers and their families.




This information is meant to be a general summary of National Stabilization Agreement Of The Sheet Metal Industry Trust Fund. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$114,673,202 (2022)
Expenses
$55,240,190 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $39,661,385
  • Program Service Revenue: $74,767,158
  • Gross Receipts: $745,692,773

Assets and Liabilities:

  • Total Assets: $1,274,548,085
  • Total Liabilities: $9,633,344
  • Net Assets: $1,264,914,741

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$74,767,158

Organization Details

Founding Year

1973

Principal Officer

John Daniel

Main Address

3180 FAIRVIEW PARK DRIVE 150, FALLS CHURCH, VA, 22042

NTEE Category

Code: Y40 - Mutual benefit

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