2012-07-03T09:29:00-05:00 2011-12-31 611436956 NOVAK FRANCELLA LLC ONE PRESIDENTIAL BLVD SUITE 330 BALA CYNWYD PA 19004 990 2011-01-01 237315003 NATIONAL STABILIZATION AGREEMENT OF THE SHEET METAL INDUSTRY TRUST FUND NATI 7037397250 601 N FAIRFAX STREET NO 400 ALEXANDRIA VA 223142054 MICHAEL J SULLIVAN 7037397250 2012-07-03 LOUIS VERZELLA CPA P00360279 6106689400 2012-07-03 2011 2016-02-24 21:20:13Z MICHAEL J SULLIVAN 1750 NEW YORK AVENUE NW WASHINGTON DC 20006 1093071044 0 X N/A X 1973 VA TO PROVIDE HEALTH & WELFARE, SUPPLEMENTAL UNEMPLOYMENT AND UNDEREMPLOYMENT BENEFITS, SPECIAL TRAVEL, SEVERANCE, RETIREE HEALTH PREMIUM AND OTHER BENEFITS FOR PURPOSE OF STABILIZING THE ECONOMIC WELL BEING OF SHEET METAL WORKERS AND EMPLOYEES MEETING THE REQUIRMENTS SPECIFIED IN THE TRUST AGREEMENT. 8 8 35 0 0 0 0 0 48909604 52032242 35223207 39089831 333273 94994 84466084 91217067 0 0 78405975 57254070 2053806 2127425 0 0 0 4143592 3972047 84603373 63353542 -137289 27863525 477531354 475364007 1263992 2595974 476267362 472768033 X TO PROVIDE HEALTH & WELFARE, SUPPLEMENTAL UNEMPLOYMENT AND UNDEREMPLOYMENT BENEFITS, SPECIAL TRAVEL, SEVERANCE, RETIREE HEALTH PREMIUM AND OTHER BENEFITS FOR PURPOSE OF STABILIZING THE ECONOMIC WELL BEING OF SHEET METAL WORKERS AND EMPLOYEES MEETING THE REQUIRMENTS SPECIFIED IN THE TRUST AGREEMENT. 0 0 TO PROVIDE HEALTH & WELFARE, SUPPLEMENTAL UNEMPLOYMENT AND UNDEREMPLOYMENT BENEFITS, SPECIAL TRAVEL, SEVERANCE, RETIREE HEALTH PREMIUM AND OTHER BENEFITS FOR PURPOSE OF STABILIZING THE ECONOMIC WELL BEING OF SHEET METAL WORKERS AND EMPLOYEES MEETING THE REQUIRMENTS SPECIFIED IN THE TRUST AGREEMENT. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 97 0 35 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X HAROLD W BRADSHAW ADMINISTRATOR 7037397250 601 N FAIRFAX STREET SUITE 400 ALEXANDRIA VA 223142054 MICHAEL SULLIVAN 4.00 X 0 0 0 STEPHEN QUARANTO 4.00 X 0 0 0 LOUIS FRANZEN 4.00 X 0 0 0 PAUL HAYES 4.00 X 0 0 0 ROBERT NEWTON 4.00 X 0 0 0 JOHN UNGER 4.00 X 0 0 0 GREGORY YOAK 4.00 X 0 0 0 MICHAEL MOORE 4.00 X 0 0 0 C BRENT NEWSOME 4.00 X 0 0 0 HAROLD W BRADSHAW JR 35.00 X 178381 0 67913 DANIEL J SHAUGHNESSY 35.00 X 121408 0 54591 299789 0 122504 2 0 1 0 NETBYTES INC 14405 COACHWAY DR CENTREVILLE VA 20120 COMPUTER SUPPORT 899846 ROBECO INVESTMENT MANAGEMENT 909 THIRD AVENUE NEW YORK NY 10022 INVESTMENT MANAGER 357994 QUEST INVESTMENT MANAGEMENT 1 SW COLUMBIZ STE 1100 PORTLAND OR 97258 INVESTMENT MANAGER 351700 LOTTSOFF CAPITAL MANAGEMENT 201 N CLARKS STREET 34TH FLOOR CHICAGO IL 60602 INVESTMENT MANAGER 311731 LOOMIS SAYLES & CO LP ONE FINANCIAL CENTER BOSTON MA 02111 INVESTMENT MANAGER 250484 11 EMPLOYER CONTRIBUTIONS 525100 51822015 51822015 ADMIN SERVICE FEES 525100 210227 210227 52032242 11577674 11577674 1029366134 1001853977 27512157 27512157 27512157 OTHER INCOME 900099 94994 94994 94994 91217067 52032242 0 39184825 57254070 246294 1139058 201466 437727 102880 303118 58998 2085681 203704 18043 99582 109642 304808 24813 67593 237826 104448 COLLECTION SERVICES 335179 TEMPORARY HELP 13082 LICENSES AND TAXES 5530 63353542 200 200 19994249 35621968 6932247 7537335 33799 74568 3471557 1182824 1620961 2288733 437745198 405713747 10884434 23464934 320266 662522 477531354 475364007 815165 735444 448827 1860530 1263992 2595974 X 0 0 0 0 476267362 472768033 476267362 472768033 477531354 475364007 X 27863525 -31362854 X X 0 1 1 X 0 3471557 1182824 2288733 2288733 DUE TO BROKER - INVESTMENTS PURCHASED 1860530 1860530 91217067 63353542 27863525 -31362854 -31362854 -3499329 57768532 -31362854 -31362854 89131386 2085681 2085681 91217067 61267861 0 61267861 2085681 2085681 63353542 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT EVALUATED THE PLAN'S TAX POSITIONS AND CONCLUDED THAT THE PLAN HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. AT THE PRESENT TIME, THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE 2008. X 0 0 0 HAROLD W BRADSHAW JR 178381 0 0 0 0 0 35545 0 32368 0 246294 0 0 0 DANIEL J SHAUGHNESSY 121408 0 0 0 0 0 24147 0 30444 0 175999 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 NATIONAL STABILIZATION AGREEMENT OF THE SHEET METAL INDUSTRY TRUST FUND'S FORM 990 IS PREPARED BY ITS INDEPENDENT PUBLIC ACCOUNTANT WHO PRESENTS THE COMPLETED RETURN TO THE BOARD OF TRUSTEES AT ITS MEETING FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. ALL EMPLOYEES ARE REQUIRED TO SIGN OFF ON AN THE CONFLICT OF INTERESTS POLICY'S ANNUAL UPDATE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES, IN EXECUTIVE SESSION, SHALL, NOT LESS THAN ANNUALLY, REVIEW THE COMPENSATION OF KEY EXECUTIVE POSITIONS (FUND ADMINISTRATOR, ASSISTANT FUND ADMINISTRATOR AND COMPTROLLER) AND DETERMINING ISSUES RELATING TO COMPENSATION, INCLUDIN INCREASES IN SALARY AND/OR BENEFITS. IN DETERMINING COMPENSATION ISSUES RELATED TO KEY EXECUTIVE POSITIONS WITH SASMI, THE TRUSTEES MAY CONSIDER: A. THE CREDENTIALS AND EXPERIANCE OF THE INDIVIDUAL HOLDING AN EXECUTIVE POSITION; B. THE SENIORITY, TERM AND TENURE OF THE INDIVIDUAL WITH SASMI; C. THE QUALITY OF WORK PERFORMED BY THE INDIVIDUAL ON SASMI'S BEHALF; D. THE RESPONSIBILITIES OF THE POSITION; AND E. THE AMOUNT(S) AND/OR RANGE(S) OF REASONABLE COMPENSATION PAID TO INDIVIDUALS PERFORMING LIKE OR SIMILAR SERVICES FOR OTHER BUSINESSES OR ENTITIES, INCLUDING OTHERTRUST FUNDS, WHERE COMPARABLE SKILLS AND RESPONSIBILITIES ARE REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 NATIONAL STABILIZATION AGREEMENT OF THE SHEET METAL INDUSTRY TRUST FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII MICHAEL SULLIVAN - 1750 NEW YORK AVE, NW, WASHINGTON, DC 20006. STEPHEN QUARANTO - 38 STARR RIDGE ROAD, BREWSTER, NY 10509. LOUIS FRANZEN - 1382 S. VINE STREET, DENVER, CO 80210. PAUL HAYES - 2855 VIA VERDE, SPRINGFIELD, IL 62703. ROBERT NEWTON - 7477 N STATE ROAD 39, LIZTON, IN 46149. JOHN UNGER - 299 FOXBORO, SAGINAW, MI 48603. GREGORY YOAK - 182 NORTH YALE AVE, COLUMBUS, OH 43222. MICHAEL MOORE - 4949 NORTHCUTT PLACE, DAYTON, OH 45414. C. BRENT NEWSOME - 1108 29TH STREET NORTH, BIRMINGHAM, AL 52343. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -31,362,854. FORM 990, PART XII, LINE 2C: THE NATIONAL STABILIZATION AGREEMENT OF THE SHEET METAL INDUSTRY TRUST FUND'S BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNT WHO PERFORMS THE AUDIT. THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR. FORM 990, PART V, LINE 2A: THE NATIONAL STABILIZATION AGREEMENT OF THE SHEET METAL INDUSTRY TRUST FUND PAYS BENEFITS TO PARTICIPANTS THAT ARE CONSIDERED TAXABLE WAGES. THE TRUST ISSUED 4,837 FORMS W-2 TO PARTICIPANTS FOR THE 2011 TAX PERIOD.