Sheet Metal 10 Benefit Fund

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

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

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

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 not tax deductible.

Here 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?

Here are 11 key members and their salaries:

    John Quarnstrom (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $256,795
  • Other: $37,021

    • Matt Fairbanks (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $151,289
  • Other: $114,476

    • Jason Damman (Alternate Trustee)
  • Compensation: $0
  • Related: $128,491
  • Other: $96,203

    • Colin Beere (Trustee)
  • Compensation: $0
  • Related: $116,514
  • Other: $88,060

    • Blake Parsons (Alternate Primary) [Trustee/Director]
  • Compensation: $0
  • Related: $159,235
  • Other: $29,318

    • Michael Corcoran (Trustee)
  • Compensation: $3,320
  • Related: $0
  • Other: $0

    • Peter Leitschuh (Trustee)
  • Compensation: $2,793
  • Related: $0
  • Other: $0

    • Michael Jenson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andy Graham (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rashid Kadir (Alternate Primary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • 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?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Sheet Metal 10 Benefit Fund directly impacts approximately 3,082 union members and their dependents by providing self-funded and insured health benefits. These benefits include coverage for health, prescription drugs, life, dental, vision, and disability, ensuring that participants and their families have access to essential healthcare services. Located in Maplewood, MN, the Fund plays a crucial role in supporting the well-being and financial security of its members, demonstrating a commitment to mutual benefit within the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    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
  • 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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