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Nonprofit · EIN 16-0864434

SHEET METAL WORKERS LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST FUND

Tax-exempt · BUFFALO, NY 14215

Financials

$6.4M$6.2M2023$8.8M$8.4M2024
Revenue Expenses · by fiscal year end
Financials of SHEET METAL WORKERS LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$8,782,057$8,387,310$394,747$8,300,301$267,313$8,032,988
December 31, 2023990$6,391,836$6,226,082$165,754$7,758,491$231,576$7,526,915
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$8,553,149
Investment income
$206,882
Net gain from sales of assets
$12,406
Other revenue
$22,026

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$7,819,317
Compensation of officers, directors and key employees
$100,799
Other salaries and wages
$46,997
Salaries, compensation and benefits (total)
$179,837
Professional fundraising fees
$0
Legal fees
$10,396
Accounting fees
$21,300
Occupancy
$7,800
Depreciation
$192

Balance sheet and other

Total assets, start of year
$7,758,491
Total assets, end of year
$8,300,301
Total liabilities, end of year
$267,313
Net assets, end of year
$8,032,988
Publicly traded securities
$4,678,809
Gross receipts
$10,024,814
Employees
10
Volunteers
0
Year formed
1962
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.

NameTitleHours / weekCompensationOther / benefits
CHARLES HAKEFUNDS ADMINISTRATOR
Officer
24$124,332$32,966
JACK DAFGARDTRUSTEE
Trustee or director
3$3,792$0
JEFFREY MEYERTRUSTEE
Trustee or director
3$2,161$0
TIMOTHY BENESTRUSTEE
Trustee or director
3$0$0
ANDREW NOWAKTRUSTEE
Trustee or director
3$0$0
JEFF MERTZTRUSTEE
Trustee or director
3$0$0
RICHARD DELOTTOTRUSTEE
Trustee or director
3$0$0
MIKE NELSONTRUSTEE
Trustee or director
3$0$0
PATRICK BYRNETRUSTEE
Trustee or director
3$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
CHARLES HAKEFUNDS ADMINISTRATOR
Officer
24$115,529$19,185
JEFFREY MEYERTRUSTEE
Trustee or director
3$5,247$0
JACK DAFGARDTRUSTEE
Trustee or director
3$2,651$0
ANDREW NOWAKTRUSTEE
Trustee or director
3$0$0
DAVID NIEMANTRUSTEE
Trustee or director
3$0$0
TIMOTHY BENESTRUSTEE
Trustee or director
3$0$0
PAUL CRISTTRUSTEE THRU 12/1/23
Trustee or director
3$0$0
JOHN EMBOWTRUSTEE
Trustee or director
3$0$0
RICHARD DELOTTOTRUSTEE
Trustee or director
3$0$0
MIKE NELSONTRUSTEE BEG. 12/1/23
Trustee or director
3$0$0

Address and contacts

Address (IRS master file)
24 LIBERTY AVE, BUFFALO, NY 14215-2112
Principal officer (990 for 2024)
TIMOTHY BENES, 24 LIBERTY AVENUE, BUFFALO, NY 14215
Signed the 990
TIMOTHY BENES, TRUSTEE
Phone
(716) 835-8836
Return prepared by
TRONCONI SEGARRA & ASSOCIATES LLP

Mission

TO PROVIDE MEDICAL AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS OF THE FUND

990 for the year ended December 31, 2024

Program accomplishments

  • THE FUND PROVIDED HEALTH, DENTAL, PRESCRIPTION DRUG, DISABILITY AND DEATH BENEFITS, AND HEALTH EXPENSE REIMBURSEMENTS TO ELIGIBLE PARTICICPANTS OF THE FUND.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
16-0864434
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J40Z)
Assets (IRS master file)
$8,300,301
Income (IRS master file)
$10,024,814

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$8,782,057$8,387,310$8,300,301IRS
990December 2023$6,391,836$6,226,082$7,758,491XML
990December 2022$5,953,886$5,621,609$7,400,880IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 16-0864434).

Questions about SHEET METAL WORKERS LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST FUND

What is the EIN of SHEET METAL WORKERS LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST FUND?
The employer identification number (EIN) of SHEET METAL WORKERS LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST FUND is 16-0864434.
Is SHEET METAL WORKERS LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1988.
Are donations to SHEET METAL WORKERS LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SHEET METAL WORKERS LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST 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 LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST 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 LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST 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 LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST FUND?
The 990 for the year ended December 31, 2024 names TIMOTHY BENES.
Who are the officers and directors of SHEET METAL WORKERS LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST FUND?
The 990 for the year ended December 31, 2024 lists 9 people; 3 received compensation from the organization, the highest $124,332 (CHARLES HAKE, FUNDS ADMINISTRATOR).
How much revenue does SHEET METAL WORKERS LOCAL UNION NO 71 AND INDUSTRY WELFARE TRUST FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $8,782,057, expenses of $8,387,310 and total assets of $8,300,301 at year end.

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