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Sheet Metal Workers' International Scholarship Fund

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

EIN: 521581247 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is Sheet Metal Workers' International Scholarship Fund?

The Sheet Metal Workers' International Scholarship Fund is a nonprofit organization situated in Washington D.C., specifically at 1750 New York Avenue NW. Its primary mission is to offer scholarships to the members of the International Association and Sheet Metal International, as well as their immediate family members, who are engaged in the sheet metal, air, rail, and transportation industries. The fund aims to support the educational pursuits of these individuals, thereby contributing to their professional growth and development within the mentioned fields.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79% (Three-Star out of Four Star rating)

The Sheet Metal Workers' International Scholarship Fund has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scored 79% overall, with all points derived from its Accountability & Finance metrics. The high score reflects strong financial management practices and transparency in operations.

Strengths of the organization include a perfect score in areas such as financial statements, material diversion of assets, and the presence of critical policies like conflict of interest and whistleblower protections. The fund also demonstrates a commendable program expense ratio of 92.98%, indicating that a significant portion of its resources is directed towards fulfilling its mission of providing scholarships.

While the organization performs well in various accountability measures, the overall score suggests there may be room for improvement in broader operational areas not captured by the current metrics. Nonetheless, the strong emphasis on financial oversight and adherence to best practices positions the organization favorably for potential donors and scholarship applicants alike.


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

Is Sheet Metal Workers' International Scholarship Fund legitimate?

Sheet Metal Workers' International Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheet Metal Workers' International Scholarship 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,757

For more financial information, click here

What is the mission statement of Sheet Metal Workers' International Scholarship Fund?

The Sheet Metal Workers' International Scholarship Fund's mission is centered around providing educational assistance. Specifically, it aims to offer scholarships to members of the International Association and Sheet Metal International, encompassing sheet metal, air, rail, and transportation workers as well as individuals within their immediate families. The fund's objective is to support these individuals in their academic pursuits, thereby contributing to their personal growth and development.

What is the revenue of Sheet Metal Workers' International Scholarship Fund?

Sheet Metal Workers' International Scholarship Fund's revenue in 2024 was $912,043.

Who are the executives of Sheet Metal Workers' International Scholarship Fund and what are their salaries?

Here are 8 key members and their salaries:


Joseph Sellers Jr (Union Trustee)
  • Compensation: $0
  • Related: $167,494
  • Other: $42,801
Michael Coleman (Union Trustee)
  • Compensation: $0
  • Related: $331,638
  • Other: $85,695
George Welsch (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Zahner (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Caccholi (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Pellar (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Parks (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Powell (Plan Administrator)
  • Compensation: $0
  • Related: $341,684
  • Other: $110,000
Where can I find the form 990 for Sheet Metal Workers' International Scholarship Fund?

Sheet Metal Workers' International Scholarship Fund's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of Sheet Metal Workers' International Scholarship Fund

The Sheet Metal Workers' International Scholarship Fund is committed to providing financial aid in the form of scholarships to its members and their immediate families. This nonprofit organization, under the umbrella of the International Association and Sheet Metal International, extends its generosity to individuals affiliated with the Sheet Metal, Air, Rail, and Transportation Workers. By offering these scholarships, the Sheet Metal Workers' International Scholarship Fund aims to support the educational pursuits of its members, fostering their personal and professional growth.

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Impact




July, 2024

The Sheet Metal Workers' International Scholarship Fund has a significant impact on the education and future prospects of its members and their families within the sheet metal, air, rail, and transportation industries. By providing scholarships, this fund not only supports the professional development of individuals in these sectors but also invests in the well-being and advancement of their families. This initiative contributes to the growth of knowledge and skills within the industry, empowering workers to enhance their careers and achieve their educational goals.




This information is meant to be a general summary of Sheet Metal Workers' International Scholarship 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
$912,043 (2024)
Expenses
$552,497 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $207,065
  • Program Service Revenue: $566,918
  • Gross Receipts: $1,260,713

Assets and Liabilities:

  • Total Assets: $4,894,641
  • Total Liabilities: $1,941,720
  • Net Assets: $2,952,921

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$566,918

Organization Details

Founding Year

1988

Principal Officer

Joseph Powell

NTEE Category

Code: B82Z - Education

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