← WELFARE FUND TRUST OF ARCHITECTURAL IRONWORKERS LOCAL NO 63

Form 990 for tax year 2024

Filed by WELFARE FUND TRUST OF ARCHITECTURAL IRONWORKERS LOCAL NO 63.

Totals

Total revenue: $27,066,586
Total expenses: $31,558,533
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $23,787,172
Investment income: $3,279,414
Other revenue: $0
Total assets, end of year: $94,354,601
Total liabilities, end of year: $25,717,489
Net assets or fund balances, end of year: $68,637,112
Program services expenses (Part IX): not reported
Management and general expenses: not reported
Fundraising expenses: not reported
Program service expenses (Part III): not reported

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: EMPLOYER CONTRIBUTIONS

total $21,843,786 · related or exempt $21,843,786
2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

total $1,666,024 · related or exempt $1,666,024
2c · Program service revenue: MEDICARE PART D SUBSIDY

total $277,362 · related or exempt $277,362
3 · Investment income

total $3,062,990 · excluded $3,062,990
7a · Gross sales of assets other than inventory

securities $11,902,726
7b · Less cost or other basis and sales expenses

securities $11,686,302
7c · Gain or loss

securities $216,424
7d · Net gain or loss

total $216,424 · excluded $216,424

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $29,819,928
10 · Payroll taxes

total $43,277
11a · Fees: management

total $382,800
11b · Fees: legal

total $89,887
11c · Fees: accounting

total $53,505
11f · Fees: investment management

total $202,317
11g · Fees: other

total $883,056
13 · Office expenses

total $74,401
23 · Insurance

total $5,138
24a · Other expenses: ACA FEES

total $4,224

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $5,140,054 · end of year $4,881,695
2 · Savings and temporary cash investments

beginning of year $739,050 · end of year $400,214
4 · Accounts receivable

beginning of year $2,275,618 · end of year $2,211,885
9 · Prepaid expenses and deferred charges

beginning of year $111,830 · end of year $140,300
10a · Land, buildings and equipment: cost or other basis

$1,062,853
10b · Land, buildings and equipment: accumulated depreciation

$521,000
10c · Land, buildings and equipment, net

beginning of year $1,015,524 · end of year $541,853
11 · Investments: publicly traded securities

beginning of year $79,377,764 · end of year $78,544,533
12 · Investments: other securities

beginning of year $9,494,407 · end of year $7,322,606
15 · Other assets

beginning of year $475,771 · end of year $311,515
17 · Accounts payable and accrued expenses

beginning of year $160,536 · end of year $188,142
25 · Other liabilities

beginning of year $26,377,993 · end of year $25,529,347
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $72,091,489 · end of year $68,637,112

Mission and programs · 2024

Mission

TO PROVIDE MEDICAL, DENTAL, VISION, DISABILITY, DEATH AND OTHER WELFARE BENEFITS

Activities or mission (Part I)

TO PROVIDE MEDICAL, DENTAL, DISABILITY, AND DEATH BENEFITS.

THE FUND PROVIDES MEDICAL, DENTAL, VISION, DISABILITY, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS.
THE FUND PROVIDES MEDICAL, DENTAL, VISION, DISABILITY, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Michael SwanbergMICHAEL SWANBERG

TRUSTEE

Total calculated

$0

Hours/week

3
Paul WendePAUL WENDE

CHAIRMAN

Total calculated

$353,057

From this org

$0

From related orgs

$212,115

Other

$140,942

Hours/week

3 + 49 related

Schedule J breakdown matched by us

Base

$0 + $210,222 related

Bonus

$0

Other

$0 + $1,893 related

Deferred

$0 + $113,467 related

Nontaxable benefits

$0 + $27,475 related

Filer's total

$0 + $353,057 related
Tim BellTIM BELL

TRUSTEE

Total calculated

$0

Hours/week

3
Mark LabuzMARK LABUZ

TRUSTEE

Total calculated

$0

Hours/week

3
Dave MurrayDAVE MURRAY

TRUSTEE

Total calculated

$316,269

From this org

$0

From related orgs

$186,235

Other

$130,034

Hours/week

3 + 46 related

Schedule J breakdown matched by us

Base

$0 + $183,258 related

Bonus

$0

Other

$0 + $2,977 related

Deferred

$0 + $102,559 related

Nontaxable benefits

$0 + $27,475 related

Filer's total

$0 + $316,269 related
Fletcher HolmesFLETCHER HOLMES

TRUSTEE

Total calculated

$312,403

From this org

$0

From related orgs

$182,278

Other

$130,125

Hours/week

3 + 46 related

Schedule J breakdown matched by us

Base

$0 + $181,438 related

Bonus

$0

Other

$0 + $840 related

Deferred

$0 + $102,650 related

Nontaxable benefits

$0 + $27,475 related

Filer's total

$0 + $312,403 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

IRONWORKERS LOCAL 63 PENSION FUND

401 (A) · PENSION FUND · IL
IRONWORKERS LOCAL 63 UNION

501(C)(5) · LABOR UNION · IL
IRONWORKERS LOCAL 63 TRAINEE SCHOOL

501(C)(5) · TRAINING · IL

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

3F CORPORATION
4-S ERECTION INC
A THRU Z CONSULTING & DISTRIBUTING INC
ACME ERECTORS INC
ACTION FENCE CONTRACTORS INC
ADVANCE STEEL ERECTION INC
AIR & WELLNESS SAFETY TRAINING
ALDRIDGE ELECTRIC
ALLIANCE GLASS & METAL INC
ALUMINUM SERVICES INC
AMF SPECIALISTS LLC
ANAGNOS DOOR CO INC
ARCORP STRUCTURES LLC
ARCWALL
AREA ERECTORS INC
ARNING COMPANIES INC
AUTOMATIC DOORS INC
BAKES STEEL ERECTORS INC
BAM DECKING INC
BCBM LLC
BILL WELDING & FAB DBA BWF CONSTRUCTION
BLACKROCK CONSTRUCTION
BUILDERS CHICAGO CORP
BUILT BEST FENCE CO INC
C & B GLASS INC
C & K UNITED SHEET METAL & MECHANICAL INC
CAPUTO STEEL ERECTORS LLC
CHICAGO FLYHOUSE INC
CHICAGO HEIGHTS GLASS INC
CHICAGO ORNAMENTAL IRON INC
CHICAGO ORNAMENTAL IRON INC AUDIT
CHICAGO STEEL CONSTRUCTION LLC
CHRISTOPHER GLASS & ALUMINUM
CHRISTOPHER GLASS SERVICES INC
CK II CONTRACTING INC
COLLECTIVE PAYROLL
COMPLETE CANOPY SERVICES INC
COMPOSITE STEEL INC
CONTRACT GLAZIERS INC
COPENHAVER CONSTRUCTION
CORE ERECTORS IL LLC
CORSETTI STRUCTURAL STEEL INC
CR MEYER & SONS CO KEYMAN
CROSSROAD CONSTRUCTION INC
CROWN CORR INC
D & M ARCHITECTURAL METALS INC
DALTON FENCE LLC
DEPASQUALE STEEL ERECTORS INC
DIVERSIFIED CONSTRUCTION SERVICES LLC
DOOR SERVICE INC
DORAL CORP
DS FENCE
DUBURG IRON WORKS INC
E E INSTALLATIONS INC
ELEMENT IRON & RAIL INC
ELEVATE SIGN GROUP
ELITE IRONWORKS INC
EXTREME REACHC3 PRESENTS
FEDERAL RENT -A- FENCE
FENCE PLUS INC
FLYNN FENCE & SUPPLY CO
GATEWAY GLAZING INC
GAUTHIER GLASS LLC
GLASSTEKT INC
GMSGLASS MANAGEMENT SERVICES
GONZALEZ IRON WORKS
GRAND STAGE CO INC
GREAT LAKES STEEL ERECTION INC
GROUNDED INDUSTRIAL SERVICES LLC
GUARDIAN CONSTRUCTION PRODUCTS INC
HARMON INC
HART ERECTORS INC
HERITAGE STEEL SERVICES INC
HOSS STEEL SOLUTIONS
HOUSE OF DOORS INC
HUSKIE CONTRACTORS LLC
IG COMMERCIAL INC
ILLINOIS CONTRACT GLAZING INC
IMPACT IRON LLC
IMPERIAL CONSTRUCTION ASSOC INC
INDEPENDENT MECHANICAL INDUSTRIES INC
INDUSTRIAL DOOR CO OF CHG
INDUSTRIAL FENCE INC
INDUSTRIAL MATERIAL SUPPLY
INNOVATIVE INSTALLATIONS AND MANAGEMENT LLC
INTEGRITY GLASS & METAL INC
INTERNATIONAL ENTRANCES INC
IRON PATRIOT 63 INC
IRON PATRIOT FABWORKS
IRONCLAD COMPANY LLC
IWEISS HOLDINGS LLC
IWR NORTH AMERICA
JB ERECTORS INC
JP CULLEN & SONS INC
K & K IRON WORKS INC
KD JOHNSON INC
KLEAR VIEW LLC
KOLAR STEEL CONSTRUCTION INC
KUJO INC
L & M WELDING INC
LANE SUPPLY INC
LEECO CONSTRUCTION INC
LEECO CONSULTANTS INC
LEGNA IRON WORKS INCLEGNA INSTALLERS
M&M STEEL ERECTORS LLC
MAC INDUSTRIAL SERVICES
MARTAM CONSTRUCTION INC
MBE ERECTORS
MBE FENCE INC
MECCOR INDUSTRIES LTD
MECHANICAL & INDUSTRIAL STEEL
METROPOLITAN STEEL INC
MID AMERICA STEEL ERECTORS INC
MID-STATES GLASS & METAL
MIDWEST CANOPY SPECIALISTS LLC
MIDWEST FENCE CORP
MIDWEST FIELD SOLUTIONS
MIDWEST SKYLITE SYSTEMS
MIDWEST STEEL INC HW&PENSIONS
MIDWEST STEEL INC KEYMAN
MJ ERECTORS INC
MORCOM CONSTRUCTION CO
MTH INDUSTRIES
NATIONAL SPORTS NETS LLC
NICIOLI CONSTRUCTION
NICKS METAL FABRICATING & SONS INC
NOBLE FENCE LLC
NORTH CHICAGO IRON WORKS
NORTHERN CONTRACTING INC
NORTHERN ILLINOIS FENCE INC
OAK TREE FENCE SOLUTIONS INC
ORNOFF'S WELDING DBA OWS ENT INC
P & P ARTEC INC
PACIFIC FENCE INC
PATIO ENHANCEMENT GROUP INC
PENN SERVICES LLC
PERMASTEELISA NORTH AMERICA CORP
PFI COMMERCIAL LLC
PIERINI IRON WORKS INC
PIW GROUP LLC
PORTA-WELD INC
POWER FENCE INC
PRECISION ARCHITECTURAL GLASS & METAL
PREMIER STEEL SOLUTIONS INC
PRIME ARCHITECTURAL METAL & GLASS INC
PRIMERA IRON WORKS
PRO FENCE II INC
PROLINE FENCE
R & I ORNAMENTAL IRON INC
R & S ARCHITECTURAL
RACK-IT INSTALLATIONS INC
REFLECTION WINDOW COMPANY LLC
ROBERT T WELSH & ASSOCIATES
ROCKET FENCE
SCHMIDT STEEL INC
SECURITY DOOR INC
SEELE INC
SERVIN UNION FENCE LLC
SG METAL & GLASS INC
SHOW STRATEGY
SKYLINE ORNAMENTAL LLC
SPECIALTY CONSTRUCTION LLC
STAIR ONE INC
STEP UP IRON INC
STOREY FASCIA LLC
TAYLOR ELECTRIC COMPANY
TFW CONTRACTING INC
THE BARTECH GROUP
TOTAL PLATFORM TENNIS LLC
UNDERLAND ARCH SYSTEMS
UNITY FENCING COMPANY
VICTORY FENCE LLC
WASHINGTON CONSTRUCTION CO LLC
WEB PRODUCTION AND FABRICATORS INC
WEILAND STEEL INC
WILLIAM STEEL ERECTORS
WOLF IRONWORKS LLC
WONGS FACADE SOLUTIONS LLC

Provenance

Return type: form_990
Tax year: 2024
Filed: 7 April 2026
IRS schema version: 2024v5.5
Source object: 202630979349301113

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