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Nonprofiteer
← IW LOCAL 25 SERVICE CORPORATION

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 Randick

    UNION TRUSTEE, CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Richard Sawhill

    MANAGEMENT TRUSTEE, SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Chris Vlk

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Mark Kerney

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Wayne Coffell

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Dennis 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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 March 2025
IRS schema version
2023v6.0
Source object
202540739349301579

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