Nonprofit · EIN 13-1739693
SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND
Tax-exempt · BREWSTER, NY 10509
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,823,062 | $15,284,974 | -$461,912 | $17,086,435 | $1,950,108 | $15,136,327 |
| December 31, 2023 | 990 | $13,979,955 | $13,322,453 | $657,502 | $17,237,889 | $1,754,842 | $15,483,047 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,844,456
- Investment income
- $877,027
- Net gain from sales of assets
- $216,397
- Other revenue
- $101,579
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $14,536,612
- Compensation of officers, directors and key employees
- $277,792
- Other salaries and wages
- $216,988
- Salaries, compensation and benefits (total)
- $673,016
- Professional fundraising fees
- $0
- Legal fees
- $97,425
- Accounting fees
- $86,352
- Occupancy
- $96,000
- Travel
- $7,059
- Depreciation
- $2,490
Balance sheet and other
- Total assets, start of year
- $17,237,889
- Total assets, end of year
- $17,086,435
- Total liabilities, end of year
- $1,950,108
- Net assets, end of year
- $15,136,327
- Publicly traded securities
- $15,095,788
- Gross receipts
- $15,120,441
- Employees
- 7
- Volunteers
- 0
- Year formed
- 1948
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANK PERRI | FUND MANAGER - EFF 01/2024 Officer | 28 | $158,390 | $119,402 |
| JOHN MALASPINA | UNION TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL COLOMBO | UNION TRUSTEE Trustee or director | 2 | $0 | $0 |
| ERIC HOFBAUER | UNION TRUSTEE Trustee or director | 2 | $0 | $0 |
| JAMES D'ANNIBALE | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 |
| WALTER GREENWOOD | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 |
| ALAN SEIDMAN | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD P PAGANO | FUND MANAGER - THRU 12/23 Officer | 27 | $152,744 | $116,174 |
| JOHN MALASPINA | UNION TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL COLOMBO | UNION TRUSTEE Trustee or director | 2 | $0 | $0 |
| FRANK PERRI | UNION TRUSTEE - THRU 9/2023 Trustee or director | 2 | $0 | $0 |
| JAMES D'ANNIBALE | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 |
| WALTER GREENWOOD | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 |
| ALAN SEIDMAN | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 |
| ERIC HOFBAUER | UNION TRUSTEE - EFF 9/2023 Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 119, BREWSTER, NY 10509-0119
- Principal officer (990 for 2024)
- FRANK PERRI, 38 STARR RIDGE ROAD, BREWSTER, NY 10509
- Signed the 990
- MICHAEL COLOMBO, UNION TRUSTEE
- Phone
- (845) 278-9633
- Return prepared by
- SCHULTHEIS & PANETTIERI LLP
Mission
TO PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Program accomplishments
- TO PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1739693
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1949
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $17,086,435
- Income (IRS master file)
- $15,120,441
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,823,062 | $15,284,974 | $17,086,435 | XML |
| 990 | December 2023 | $13,979,955 | $13,322,453 | $17,237,889 | XML |
| 990 | December 2022 | $14,162,757 | $12,690,178 | $15,766,327 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1739693).
Questions about SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND
- What is the EIN of SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND?
- The employer identification number (EIN) of SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND is 13-1739693.
- Is SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1949.
- Are donations to SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND?
- The 990 for the year ended December 31, 2024 names FRANK PERRI.
- Who are the officers and directors of SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $158,390 (FRANK PERRI, FUND MANAGER - EFF 01/2024).
- How much revenue does SHEET METAL WORKERS-38 INSURANCE AND WELFARE FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,823,062, expenses of $15,284,974 and total assets of $17,086,435 at year end.
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