Nonprofit · EIN 41-0871191
SHEET METAL NO 10 BENEFIT FUND
Tax-exempt · BLOOMINGTON, MN 55425
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $71,301,173 | $63,761,470 | $7,539,703 | $100,987,993 | $0 | $100,987,993 |
| December 31, 2023 | 990 | $67,918,835 | $61,635,532 | $6,283,303 | $89,216,841 | $0 | $89,216,841 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $67,918,366
- Investment income
- $3,354,220
- Net gain from sales of assets
- $100,930
- Other revenue
- $28,587
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $62,851,280
- Compensation of officers, directors and key employees
- $5,142
- Salaries, compensation and benefits (total)
- $5,142
- Professional fundraising fees
- $0
- Legal fees
- $71,429
- Accounting fees
- $33,075
Balance sheet and other
- Total assets, start of year
- $89,216,841
- Total assets, end of year
- $100,987,993
- Total liabilities, end of year
- $0
- Net assets, end of year
- $100,987,993
- Publicly traded securities
- $77,935,503
- Gross receipts
- $83,333,439
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1952
- State of legal domicile
- MN
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN QUARNSTROM | SECRETARY Trustee or director, Officer | 1 | $0 | $285,421 | $41,067 |
| MATT FAIRBANKS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $179,183 | $129,608 |
| JASON DAMMAN | ALTERNATE TRUSTEE Trustee or director | 1 | $0 | $151,392 | $110,718 |
| COLIN BEERE | TRUSTEE Trustee or director | 1 | $0 | $137,189 | $101,222 |
| CASEY MEINHARDT | ALTERNATE TRUSTEE Trustee or director | 1 | $0 | $128,198 | $22,279 |
| MICHAEL CORCORAN | TRUSTEE Trustee or director | 1 | $4,016 | $0 | $0 |
| PETER LEITSCHUH | TRUSTEE Trustee or director | 1 | $2,102 | $0 | $0 |
| MICHAEL JENSON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANDY GRAHAM | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| RASHID KADIR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN QUARNSTROM | SECRETARY Trustee or director | 1 | $0 | $262,307 | $38,460 |
| MATT FAIRBANKS | CHAIRMAN Trustee or director | 1 | $0 | $167,988 | $126,302 |
| JASON DAMMAN | ALTERNATE TRUSTEE Trustee or director | 1 | $0 | $141,842 | $106,489 |
| COLIN BEERE | TRUSTEE Trustee or director | 1 | $0 | $128,254 | $96,899 |
| BLAKE PARSONS | ALTERNATE TRUSTEE Trustee or director | 1 | $0 | $142,481 | $20,156 |
| PETER LEITSCHUH | TRUSTEE Trustee or director | 1 | $3,576 | $0 | $0 |
| MICHAEL CORCORAN | TRUSTEE Trustee or director | 1 | $3,148 | $0 | $0 |
| MICHAEL JENSON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANDY GRAHAM | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| RASHID KADIR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3001 METRO DR STE 500, BLOOMINGTON, MN 55425-1617
- In care of
- % SHEET METAL 10 BENEFIT FUND
- Principal officer (990 for 2024)
- MATT FAIRBANKS, 1681 EAST COPE AVE SUITE B, MAPLEWOOD, MN 55109
- Signed the 990
- MATT FAIRBANKS, CHAIRMAN
- Phone
- (651) 770-0991
- Website
- WWW.SMW10.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PAYMENT OF HEALTH, PRESCRIPTION DRUGS, LIFE, DENTAL, VISION AND DISABILITY BENEFITS FOR PARTICIPANTS AND DEPENDENTS.
Program accomplishments
- PROVIDE SELF-FUNDED AND INSURED BENEFITS FOR UNION MEMBERS 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
- 41-0871191
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $100,987,993
- Income (IRS master file)
- $83,333,439
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $71,301,173 | $63,761,470 | $100,987,993 | XML |
| 990 | December 2023 | $67,918,835 | $61,635,532 | $89,216,841 | XML |
| 990 | December 2022 | $65,914,869 | $60,979,375 | $76,849,571 | 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 41-0871191).
Questions about SHEET METAL NO 10 BENEFIT FUND
- What is the EIN of SHEET METAL NO 10 BENEFIT FUND?
- The employer identification number (EIN) of SHEET METAL NO 10 BENEFIT FUND is 41-0871191.
- Is SHEET METAL NO 10 BENEFIT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9).
- Which annual return does SHEET METAL NO 10 BENEFIT 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 NO 10 BENEFIT 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 NO 10 BENEFIT 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 NO 10 BENEFIT FUND?
- The 990 for the year ended December 31, 2024 names MATT FAIRBANKS.
- Who are the officers and directors of SHEET METAL NO 10 BENEFIT FUND?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization.
- How much revenue does SHEET METAL NO 10 BENEFIT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $71,301,173, expenses of $63,761,470 and total assets of $100,987,993 at year end.
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