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← WELFARE FUND TRUST OF ARCHITECTURAL IRONWORKERS LOCAL NO 63

Form 990 for tax year 2023

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

Totals

Total revenue
$27,299,197
Total expenses
$29,738,175
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$25,358,020
Investment income
$1,941,177
Other revenue
$0
Total assets, end of year
$98,630,018
Total liabilities, end of year
$26,538,529
Net assets or fund balances, end of year
$72,091,489
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 $23,336,187 · related or exempt $23,336,187

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $1,566,656 · related or exempt $1,566,656

  • 2c · Program service revenue: MEDICARE PART D SUBSIDY

    total $455,177 · related or exempt $455,177

  • 3 · Investment income

    total $2,775,051 · excluded $2,775,051

  • 7a · Gross sales of assets other than inventory

    securities $11,826,199

  • 7b · Less cost or other basis and sales expenses

    securities $12,660,073

  • 7c · Gain or loss

    securities -$833,874

  • 7d · Net gain or loss

    total -$833,874 · excluded -$833,874

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $28,035,457

  • 10 · Payroll taxes

    total $48,161

  • 11a · Fees: management

    total $373,700

  • 11b · Fees: legal

    total $71,661

  • 11c · Fees: accounting

    total $49,770

  • 11f · Fees: investment management

    total $205,715

  • 11g · Fees: other

    total $867,216

  • 13 · Office expenses

    total $57,897

  • 14 · Information technology

    total $9,000

  • 19 · Conferences, conventions and meetings

    total $9,879

  • 23 · Insurance

    total $5,768

  • 24a · Other expenses: ACA FEES

    total $3,951

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,341,108 · end of year $5,140,054

  • 2 · Savings and temporary cash investments

    beginning of year $941,723 · end of year $739,050

  • 4 · Accounts receivable

    beginning of year $2,182,921 · end of year $2,275,618

  • 9 · Prepaid expenses and deferred charges

    beginning of year $191,085 · end of year $111,830

  • 10a · Land, buildings and equipment: cost or other basis

    $1,398,780

  • 10b · Land, buildings and equipment: accumulated depreciation

    $383,256

  • 10c · Land, buildings and equipment, net

    beginning of year $1,161,895 · end of year $1,015,524

  • 11 · Investments: publicly traded securities

    beginning of year $77,474,194 · end of year $79,377,764

  • 12 · Investments: other securities

    beginning of year $10,737,211 · end of year $9,494,407

  • 15 · Other assets

    beginning of year $489,580 · end of year $475,771

  • 17 · Accounts payable and accrued expenses

    beginning of year $130,989 · end of year $160,536

  • 25 · Other liabilities

    beginning of year $27,380,976 · end of year $26,377,993

  • 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 $71,007,752 · end of year $72,091,489

Mission and programs · 2023

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 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Swanberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Paul Wende

    CHAIRMAN

    Total calculated
    $337,749
    From this org
    $0
    From related orgs
    $200,503
    Other
    $137,246
    Hours/week
    3 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,596 related
    Bonus
    $0
    Other
    $0 + $1,907 related
    Deferred
    $0 + $109,914 related
    Nontaxable benefits
    $0 + $27,332 related
    Filer's total
    $0 + $337,749 related

  • Tim Bell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Mark Labuz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Dave Murray

    TRUSTEE

    Total calculated
    $305,028
    From this org
    $0
    From related orgs
    $178,141
    Other
    $126,887
    Hours/week
    3 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,318 related
    Bonus
    $0
    Other
    $0 + $2,823 related
    Deferred
    $0 + $99,555 related
    Nontaxable benefits
    $0 + $27,332 related
    Filer's total
    $0 + $305,028 related

  • Fletcher Holmes

    TRUSTEE

    Total calculated
    $301,512
    From this org
    $0
    From related orgs
    $174,625
    Other
    $126,887
    Hours/week
    3 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,316 related
    Bonus
    $0
    Other
    $0 + $2,309 related
    Deferred
    $0 + $99,555 related
    Nontaxable benefits
    $0 + $27,332 related
    Filer's total
    $0 + $301,512 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.

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

  • ACME ERECTORS INC

  • ACORN FENCE & CONSTRUCTION INC AUDIT

  • ACSEM INC

  • ACTION FENCE CONTRACTORS INC

  • ADVANCE STEEL ERECTION INC

  • AIR & WELLNESS SAFETY TRAINING

  • ALDRIDGE ELECTRIC

  • ALLEN ARCHITECTURAL METALS INC

  • ALLIANCE GLASS & METAL INC

  • ALUMINUM SERVICES INC

  • AMF SPECIALISTS LLC

  • ANAGNOS DOOR CO INC

  • ARCORP STRUCTURES LLC

  • ARCWALL

  • AREA ERECTORS INC

  • ARNING COMPANIES INC

  • BAKES STEEL ERECTORS INC

  • BAM DECKING INC

  • BCBM LLC

  • BENSON INDUSTRIES INC

  • BIG STIK LLC

  • BILL WELDING & FAB DBA BWF CONSTRUCTION

  • BLUE SKY ARCHITECTURAL METALS LLC

  • BUILDERS CHICAGO CORP

  • BUILT BEST FENCE CO INC

  • C & B GLASS INC

  • CAPUTO STEEL ERECTORS LLC

  • CHICAGO FLYHOUSE INC

  • CHICAGO HEIGHTS GLASS INC

  • CHICAGO ORNAMENTAL IRON INC

  • 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

  • CORRECT DIGITAL DISPLAYS INC

  • CORSETTI STRUCTURAL STEEL INC

  • CROWN CORR INC

  • CUSTOM CANOPY LLC

  • D & M ARCHITECTURAL METALS INC

  • DALTON FENCE LLC

  • DANNY'S CONSTRUCTION COMPANY INC

  • DEPASQUALE STEEL ERECTORS INC

  • DIVERSIFIED CONSTRUCTION SERVICES LLC

  • DOOR SERVICE INC

  • DOOR SYSTEMS ASSA ABLOY US INC

  • DORAL CORP

  • DUBURG IRON WORKS INC

  • DUPAGE OVERHEAD DOORS INC

  • ELEMENT IRON & RAIL INC

  • ELITE IRONWORKS INC

  • 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

  • GUARDIAN CONSTRUCTION PRODUCTS INC

  • HARMON INC

  • HOSS STEEL SOLUTIONS

  • HOUSE OF DOORS INC

  • IG COMMERCIAL INC

  • ILLINI FACADE CORPORATION INC

  • ILLINOIS CONTRACT GLAZING INC

  • ILLINOIS STEEL BUILDINGS 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

  • INTERNATIONAL ENTRANCES INC

  • IRON PATRIOT FAB WORKS

  • IRONCLAD COMPANY LLC

  • IWEISS HOLDINGS LLC

  • JB ERECTORS INC

  • JGM ERECTORS

  • JOLIET STEEL & CONSTRUCTION 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

  • LEAD SOUTH LLC

  • LEECO CONSTRUCTION INC

  • LEECO CONSULTANTS INC

  • LEGNA IRON WORKS INCLEGNA INSTALLERS

  • LOUIS HOFFMANN CO

  • M&M STEEL ERECTORS LLC

  • MAC INDUSTRIAL SERVICES

  • MBE ERECTORS

  • MBE FENCE INC

  • MECCOR INDUSTRIES LTD

  • MECHANICAL & INDUSTRIAL STEEL

  • MID AMERICA STEEL ERECTORS INC

  • MID-STATES GLASS & METAL

  • MIDWEST CANOPY SPECIALISTS LLC

  • MIDWEST FENCE CORP

  • MIDWEST FIELD SOLUTIONS

  • MIDWEST SKYLITE SYSTEMS

  • MJ ERECTORS INC

  • MORCOM CONSTRUCTION CO

  • MTH INDUSTRIES

  • NATIONAL SPORTS NETS LLC

  • NICKS METAL FABRICATING & SONS INC

  • 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

  • PAN-OCEANIC ENGINEERING CO 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

  • RAIL MASTERS

  • RB3 ENTERPRISES DBA LAND STAR STEEL

  • 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

  • SKYLINE ORNAMENTAL LLC

  • SPECIALTY CONSTRUCTION LLC

  • STAIR ONE INC

  • STEP UP IRON INC

  • STOREY FASCIA LLC

  • TAYLOR ELECTRIC COMPANY

  • THE BARTECH GROUP

  • TOTAL PLATFORM TENNIS LLC

  • UNDERLAND ARCH SYSTEMS

  • UNITY FENCING COMPANY

  • VICTORY FENCE LLC

  • WEB PRODUCTION AND FABRICATORS INC

  • WESTERN ARCHITECTURAL IRON COMPANY

  • WILLIAM STEEL ERECTORS

  • YOUNG CONCRETE ENTERPRISES INC

  • ALLIANCE FENCE CORPORATION

  • CHRISTOPHER GLASS & ALUMINUM

Provenance

Return type
form_990
Tax year
2023
Filed
11 March 2025
IRS schema version
2023v6.0
Source object
202540709349300509

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