Sheet Metal 10 Benefit Fund

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

EIN: 410871191 ✦ Maplewood, MN ✦ Designated as a 501(c)(9)

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Overview

What is Sheet Metal 10 Benefit Fund?

Sheet Metal #10 Benefit Fund is a nonprofit organization located at 1681 East Cope Ave Suite B, Maplewood, MN, 55109. The primary mission of this organization is to offer self-funded and insured benefits to approximately 3,082 union members and their dependents. The benefits include coverage for health, prescription drugs, life, dental, vision, and disability, ensuring the wellbeing of those enrolled.


Official website here: www.smw10.org

What are the reviews and ratings of this charity?

The Sheet Metal 10 Benefit Fund is not currently rated by Charity Navigator. The lack of a rating is not an indication of either a positive or negative view of the organization, but rather a reflection of the information available or its classification. Since the organization is not a 501(c)(3), it falls outside the standards Charity Navigator uses for evaluation.

Charity Navigator primarily rates organizations based on their fiscal health and accountability, and to be eligible, charities need to be IRS-registered as 501(c)(3). The Sheet Metal 10 Benefit Fund, however, does not meet these criteria, and therefore no rating or detailed financial and operational data is provided.

Without user feedback available from GreatNonprofits, there is limited insight into public perception or detailed operations. Overall, potential donors or stakeholders may need to conduct further research directly through the organization's communication or other third-party evaluations to fully understand its impact and efficacy.


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

Is Sheet Metal 10 Benefit Fund legitimate?

Sheet Metal #10 Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sheet Metal #10 Benefit 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: $6,113
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.smw10.org

What is the mission statement of Sheet Metal 10 Benefit Fund?

The Sheet Metal #10 Benefit Fund is committed to providing health benefits for its participants and their dependents. This self-funded and insured organization aims to offer a range of benefits, including health coverage, prescription drugs, life insurance, dental care, vision care, and disability benefits. With approximately 3,082 union members and their dependents eligible for these benefits, the fund plays a significant role in supporting the health and well-being of its community.


Official website here: www.smw10.org

Who is the CEO of Sheet Metal 10 Benefit Fund?

Matt Fairbanks is the Chairman of Sheet Metal #10 Benefit Fund.


Official website here: www.smw10.org

What is the revenue of Sheet Metal 10 Benefit Fund?

Sheet Metal 10 Benefit Fund's revenue in 2022 was $65,914,869.


Official website here: www.smw10.org

Who are the executives of Sheet Metal 10 Benefit Fund and what are their salaries?

There 11 volunteers at Sheet Metal 10 Benefit Fund.


Here are 11 key members and their salaries:


Matt Fairbanks (Chairman)
  • Compensation: $0
  • Related: $151,289
  • Other: $114,476
Peter Leitschuh (Trustee)
  • Compensation: $2,793
  • Related: $0
  • Other: $0
Michael Corcoran (Trustee)
  • Compensation: $3,320
  • Related: $0
  • Other: $0
Colin Beere (Trustee)
  • Compensation: $0
  • Related: $116,514
  • Other: $88,060
Jason Damman (Alternate Trustee)
  • Compensation: $0
  • Related: $128,491
  • Other: $96,203
John Quarnstrom (Secretary)
  • Compensation: $0
  • Related: $256,795
  • Other: $37,021
Michael Jenson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Graham (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rashid Kadir (Alternate Primary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Blake Parsons (Alternate Primary)
  • Compensation: $0
  • Related: $159,235
  • Other: $29,318
James Bigham (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.smw10.org

Where can I find the form 990 for Sheet Metal 10 Benefit Fund?

Sheet Metal 10 Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.smw10.org

Learn more at the official website: www.smw10.org

Mission Statement of Sheet Metal 10 Benefit Fund

Sheet Metal #10 Benefit Fund, a self-funded and insured organization, is dedicated to providing comprehensive health benefits for approximately 3,082 union members and their dependents. The mission of this fund is to ensure the well-being of its participants by offering a range of coverage options, including health, prescription drugs, life, dental, vision, and disability benefits. By doing so, the organization aims to promote good health and financial security for the individuals it serves.

In practice, Sheet Metal #10 Benefit Fund plays a vital role in enhancing the quality of life for its beneficiaries. Through its health coverage, members have access to vital medical services and treatments, enabling them to manage their health effectively. Prescription drug coverage ensures that essential medications are within reach, while life insurance provides peace of mind and financial security for the beneficiaries and their families. Dental and vision benefits allow members to prioritize their oral and visual health, respectively, contributing to their overall well-being. Disability benefits offer essential support to those who are unable to work due to injury or illness, providing a safety net during challenging times.

By offering this extensive range of benefits, Sheet Metal #10 Benefit Fund empowers its members to focus on their health and well-being, rather than facing the burden of financial uncertainty during difficult times. With its commitment to the well-being of its union members and their families, the organization plays a crucial role in fostering a strong and healthy community.

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Impact




October, 2024

The Sheet Metal 10 Benefit Fund significantly enhances the well-being of approximately 3,082 union members and their dependents by providing health benefits that encompass a wide range of services. These include self-funded and insured health plans that cater to medical needs, prescription drugs, life insurance, dental, vision, and disability benefits. This comprehensive support system promotes not only the physical health of participants but also their financial security, fostering a greater sense of community and solidarity among union members. By addressing both immediate health concerns and long-term well-being, the fund plays a crucial role in improving the overall quality of life for workers and their families in Maplewood, MN, and beyond.




This information is meant to be a general summary of Sheet Metal 10 Benefit 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
$65,914,869 (2022)
Expenses
$60,979,375 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,548,193
  • Program Service Revenue: $63,366,676
  • Gross Receipts: $77,775,848

Assets and Liabilities:

  • Total Assets: $76,849,571
  • Total Liabilities: $0
  • Net Assets: $76,849,571

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$51,482,356

PARTICIPANT CONTRIBUTIONS

Revenue

$7,857,920

PRESCRIPTION DRUG REBATES

Revenue

$2,114,307

STOP LOSS REFUNDS

Revenue

$1,912,093

Organization Details

Founding Year

1952

Principal Officer

Matt Fairbanks

Main Address

1681 EAST COPE AVE SUITE B, MAPLEWOOD, MN, 55109

NTEE Category

Code: Y40 - Mutual benefit

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