Form 990 for tax year 2023
Filed by IW LOCAL 25 SERVICE CORPORATION.
Totals
- Total revenue
- $485,518
- Total expenses
- $520,040
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $485,518
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $13,839,108
- Total liabilities, end of year
- $13,839,108
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $520,040
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: SERVICE FEES
total $485,518 · related or exempt $485,518
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $364,842
-
11c · Fees: accounting
total $129,583
-
13 · Office expenses
total $25,615
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,163,116 · end of year $13,458,873
-
4 · Accounts receivable
beginning of year $50,504 · end of year $380,235
-
15 · Other assets
beginning of year $7,252,939 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $10,363 · end of year $243,209
-
25 · Other liabilities
beginning of year $13,421,674 · end of year $13,595,899
-
27 · Net assets without donor restrictions
beginning of year $34,522 · end of year $0
Mission and programs · 2023
Mission
NONE
Activities or mission (Part I)
PROVIDING ADMINISTRATIVE FUNCTIONS FOR THE OPERATING OF VARIOUS IRON WORKERS LOCAL 25 BENEFIT PLANS.
-
THE IW LOCAL 25 SERVICE CORPORATION IS A NONPROFIT ENTITY ESTABLISHED IN MICHIGAN AS A CAPTIVE ENTITY TO PROVIDE COLLECTION AGENT AND CONTRIBUTION DISBURSEMENT SERVICES FOR THE OPERATIONS OF VARIOUS TAFT-HARTLEY BENEFIT PLANS THAT ARE GOVERNED BY ERISA. THE SERVICE CORPORATION IS SERVICING THE FOLLOWING FAMILY OF MULTI-EMPLOYER TAFT-HARTLEY FUNDS:IRON WORKERS LOCAL 25 PENSION TRUSTIRON WORKERS LOCAL 25 DEFINED CONTRIBUTION PENSION TRUSTIRON WORKERS LOCAL 25 HEALTH CARE TRUSTIRON WORKERS LOCAL 25 VACATION PAY TRUSTIRON WORKERS LOCAL 25 TRAINING TRUST
Expenses $520,040 · Revenue $485,518
As filed on the 2023 return.
Listed in Part VII
-
Michael RandickMICHAEL RANDICK
UNION TRUSTEE, CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Richard SawhillRICHARD SAWHILL
MANAGEMENT TRUSTEE, SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Chris VlkCHRIS VLK
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Mark KerneyMARK KERNEY
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Wayne CoffellWAYNE COFFELL
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Dennis Aguirre IIDENNIS AGUIRRE II
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
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IRON WORKERS LOCAL 25 HEALTH CARE TRUST
501(C)(9) · TO PROVIDE HEALTH INSURANCE BENEFITS TO ELIGIBLE MEMBERS · MI
-
IRON WORKERS LOCAL 25 TRAINING TRUST
501(C)(3) · TO PROVIDE APPRENTICESHIP TRAINING TO ELIGIBLE MEMBERS · MI
-
BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 25
501(C)(5) · TO PROMOTE A HIGHER STANDARD OF SKILL · MI
-
GREAT LAKES FABRICATORS & ERECTORS ASSOCIATION
501(C)(6) · TO PROMOTE THE INDUSTRY OF FABRICATING, MANUFACTURING, & ERECTING STEEL · MI
-
IRON WORKERS LOCAL 25 VACATION PAY TRUST
501(C)(9) · TO PROVIDE VACATION PAY BENEFITS TO ELIGIBLE MEMBERS · MI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540739349301579
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