Sheet Metal Workers Local Union No 28 Education Fund
Sheet Metal Workers Local Union No 28 Education Fund shows strong asset growth and consistent surpluses, but liabilities have significantly increased.
EIN: 132954115 · Jamaica, NY · NTEE: B30 · Updated: 2026-03-28
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Sheet Metal Workers Local Union No 28 Education Fund is mapped to EIN 132954115.
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| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $3.9M |
| Program Spending | 85% |
| Net Assets | $15.1M |
| Transparency Score | 80/100 |
Search Intent Cockpit
Sheet Metal Workers Local Union No 28 Education Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Sheet Metal Workers Local Union No 28 Education Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sheet Metal Workers Local Union No 28 Education Fund in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $5.4M and expenses of $3.9M.
Revenue and Expenses
Sheet Metal Workers Local Union No 28 Education Fund reported $5.4M in revenue and $3.9M in expenses, a surplus of $1.5M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
80/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Sheet Metal Workers Local Union No 28 Education Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.3M (85%) |
Across stored filings, Sheet Metal Workers Local Union No 28 Education Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Education context |
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Sheet Metal Workers Local Union No 28 Education Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Workers Local Union No 28 Education Fund
Sheet Metal Workers Local Union No 28 Education Fund (EIN: 132954115) is a nonprofit organization based in Jamaica, NY, classified under NTEE code B30. The organization reported total revenue of $5.5M and total assets of $25.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workers Local Union No 28 Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Workers Local Union No 28 Education Fund is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $25.1M |
| Total Liabilities | $10.0M |
| Net Assets | $15.1M |
| Operating Margin | 27.3% |
| Debt-to-Asset Ratio | 39.8% |
| Months of Reserves | 76.7 months |
Financial Health Grade: A
In 2023, Sheet Metal Workers Local Union No 28 Education Fund reported a surplus of $1.5M with revenue exceeding expenses, holds 76.7 months of operating reserves (strong position), has a debt-to-asset ratio of 39.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sheet Metal Workers Local Union No 28 Education Fund's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.1% | +14.5% | +25.6% |
| 2022 | -10.4% | -2.2% | +58.0% |
| 2021 | +35.7% | -6.1% | +9.6% |
| 2020 | -17.7% | -8.4% | +12.6% |
| 2019 | -5.6% | +3.4% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sheet Metal Workers Local Union No 28 Education Fund with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Sheet Metal Workers Local Union No 28 Education Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through a related entity, which is a positive sign for resource allocation directly to the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sheet Metal Workers Local Union No 28 Education Fund's IRS 990 filings:
- Significant increase in liabilities from $407,589 in 2021 to $9,989,615 in 2023 without clear explanation in summary data.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes precise spending efficiency difficult to assess.
Strengths
The following positive indicators were identified for Sheet Metal Workers Local Union No 28 Education Fund:
- Consistent revenue generation, with latest revenue at $5,401,298.
- Strong asset growth, increasing from $5,516,894 in 2014 to $25,088,655 in 2023.
- Consistent operational surpluses, indicating sound financial management.
- 0% reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
Frequently Asked Questions about Sheet Metal Workers Local Union No 28 Education Fund
Is Sheet Metal Workers Local Union No 28 Education Fund a legitimate charity?
Sheet Metal Workers Local Union No 28 Education Fund (EIN: 132954115) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Sheet Metal Workers Local Union No 28 Education Fund spend its money?
Sheet Metal Workers Local Union No 28 Education Fund directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sheet Metal Workers Local Union No 28 Education Fund tax-deductible?
Sheet Metal Workers Local Union No 28 Education Fund is registered as a tax-exempt nonprofit (EIN: 132954115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sheet Metal Workers Local Union No 28 Education Fund's spending goes to programs?
Sheet Metal Workers Local Union No 28 Education Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sheet Metal Workers Local Union No 28 Education Fund compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Sheet Metal Workers Local Union No 28 Education Fund is above average for NTEE category B30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sheet Metal Workers Local Union No 28 Education Fund located?
Sheet Metal Workers Local Union No 28 Education Fund is headquartered in Jamaica, New York and files with the IRS under EIN 132954115. It is classified under NTEE code B30.
How many years of IRS 990 filings does Sheet Metal Workers Local Union No 28 Education Fund have?
Sheet Metal Workers Local Union No 28 Education Fund has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.5M in total revenue.
Is Sheet Metal Workers Local Union No 28 Education Fund a good charity?
Based on the available data, the fund appears to be financially healthy with consistent surpluses and significant asset growth. The absence of reported officer compensation is a strong positive. However, a detailed breakdown of program spending versus administrative and fundraising costs would provide a more complete picture of its charitable effectiveness.
Why have the liabilities increased so significantly?
The liabilities have grown from $407,589 in 2021 to $9,989,615 in 2023. This substantial increase warrants further investigation into the nature of these liabilities (e.g., loans, deferred revenue, pension obligations) to understand their impact on the fund's financial position.
What is the primary source of the fund's revenue?
While the specific sources are not detailed in the provided summary, given its nature as a union education fund, revenue likely comes from employer contributions, union member dues, or investment income.
How does the fund ensure its educational programs are effective?
The provided financial data does not offer insights into program effectiveness or outcomes. To assess this, one would need to review program reports, impact assessments, or other qualitative data from the organization.
Filing History
IRS 990 filing history for Sheet Metal Workers Local Union No 28 Education Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sheet Metal Workers Local Union No 28 Education Fund's revenue has grown by 100.9%, moving from $2.7M to $5.4M. Total assets increased by 471.1% over the same period, from $4.4M to $25.1M. Total functional expenses rose by 87.1%, from $2.1M to $3.9M. In its most recent filing year (2023), Sheet Metal Workers Local Union No 28 Education Fund reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $10.0M in liabilities against $25.1M in assets (debt-to-asset ratio: 39.8%), resulting in net assets of $15.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $3.9M | $25.1M | $10.0M | — | — |
| 2022 | $4.8M | $3.4M | $20.0M | $6.4M | — | View 990 |
| 2021 | $5.4M | $3.5M | $12.6M | $408K | — | View 990 |
| 2020 | $4.0M | $3.7M | $11.5M | $701K | — | View 990 |
| 2019 | $4.8M | $4.1M | $10.2M | $118K | — | View 990 |
| 2018 | $5.1M | $3.9M | $9.5M | $131K | — | View 990 |
| 2017 | $4.6M | $3.6M | $8.3M | $64K | — | View 990 |
| 2016 | $4.5M | $3.4M | $7.3M | $77K | — | View 990 |
| 2015 | $3.9M | $2.9M | $6.3M | $89K | — | View 990 |
| 2014 | $4.1M | $2.8M | $5.5M | $264K | — | View 990 |
| 2013 | $3.2M | $2.9M | $4.2M | $452K | — | View 990 |
| 2012 | $3.9M | $2.6M | $3.5M | $82K | — | View 990 |
| 2011 | $2.7M | $2.1M | $4.4M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $3.9M, and assets of $25.1M (revenue +12.1% year-over-year).
- 2022: Revenue of $4.8M, expenses of $3.4M, and assets of $20.0M (revenue -10.4% year-over-year).
- 2021: Revenue of $5.4M, expenses of $3.5M, and assets of $12.6M (revenue +35.7% year-over-year).
- 2020: Revenue of $4.0M, expenses of $3.7M, and assets of $11.5M (revenue -17.7% year-over-year).
- 2019: Revenue of $4.8M, expenses of $4.1M, and assets of $10.2M (revenue -5.6% year-over-year).
- 2018: Revenue of $5.1M, expenses of $3.9M, and assets of $9.5M (revenue +11.7% year-over-year).
- 2017: Revenue of $4.6M, expenses of $3.6M, and assets of $8.3M (revenue +1.9% year-over-year).
- 2016: Revenue of $4.5M, expenses of $3.4M, and assets of $7.3M (revenue +15.2% year-over-year).
- 2015: Revenue of $3.9M, expenses of $2.9M, and assets of $6.3M (revenue -5.1% year-over-year).
- 2014: Revenue of $4.1M, expenses of $2.8M, and assets of $5.5M (revenue +27.7% year-over-year).
- 2013: Revenue of $3.2M, expenses of $2.9M, and assets of $4.2M (revenue -17.6% year-over-year).
- 2012: Revenue of $3.9M, expenses of $2.6M, and assets of $3.5M (revenue +44.7% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.1M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Workers Local Union No 28 Education Fund:
Data Sources and Methodology
This transparency report for Sheet Metal Workers Local Union No 28 Education Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.