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← BOARD OF TRUSTEES OF NATIONAL IAM B ENEFIT TRUST FUND

Form 990 for tax year 2024

Filed by BOARD OF TRUSTEES OF NATIONAL IAM B ENEFIT TRUST FUND.

Totals

Total revenue
$131,381,870
Total expenses
$142,099,395
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$129,333,326
Investment income
$2,038,932
Other revenue
$9,612
Total assets, end of year
$91,300,744
Total liabilities, end of year
$3,782,375
Net assets or fund balances, end of year
$87,518,369
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 $128,699,771 · related or exempt $128,699,771

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $633,555 · related or exempt $633,555

  • 3 · Investment income

    total $63,860 · excluded $63,860

  • 7a · Gross sales of assets other than inventory

    securities $15,000,000

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

    securities $13,024,928

  • 7c · Gain or loss

    securities $1,975,072

  • 7d · Net gain or loss

    total $1,975,072 · excluded $1,975,072

  • 11a · Other revenue: OTHER INCOME

    total $9,612 · related or exempt $9,612

  • 11e · Other revenue, total

    $9,612

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $129,301,612

  • 5 · Compensation of officers, directors and key employees

    total $130,330

  • 7 · Other salaries and wages

    total $2,486,098

  • 8 · Pension plan contributions

    total $258,434

  • 9 · Other employee benefits

    total $466,255

  • 10 · Payroll taxes

    total $180,240

  • 11b · Fees: legal

    total $73,399

  • 11c · Fees: accounting

    total $152,419

  • 11f · Fees: investment management

    total $263,749

  • 11g · Fees: other

    total $5,355,114

  • 13 · Office expenses

    total $374,159

  • 14 · Information technology

    total $1,798,948

  • 16 · Occupancy

    total $160,981

  • 17 · Travel

    total $41,018

  • 19 · Conferences, conventions and meetings

    total $156,955

  • 22 · Depreciation, depletion and amortization

    total $777,947

  • 23 · Insurance

    total $52,943

  • 24a · Other expenses: ACA FEES

    total $38,460

  • 24b · Other expenses: BUILDING EXPENSES

    total $30,334

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,082,401 · end of year $5,881,348

  • 2 · Savings and temporary cash investments

    beginning of year $2,505,996 · end of year $263,208

  • 4 · Accounts receivable

    beginning of year $749,011 · end of year $4,286,709

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,644 · end of year $207,766

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

    $14,458,280

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

    $1,859,892

  • 10c · Land, buildings and equipment, net

    beginning of year $10,854,666 · end of year $12,598,388

  • 12 · Investments: other securities

    beginning of year $76,003,054 · end of year $68,063,325

  • 17 · Accounts payable and accrued expenses

    beginning of year $791,486 · end of year $1,513,451

  • 19 · Deferred revenue

    beginning of year $928,895

  • 25 · Other liabilities

    beginning of year $380,696 · end of year $2,268,924

  • 29 · Capital stock, trust principal or current funds

    beginning of year $93,150,695 · end of year $87,518,369

  • 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 $0 · end of year $0

Mission and programs · 2024

Mission

TO PROVIDE HEALTH, WELFARE, VISION AND DENTAL BENEFITS TO ELIGIBILE PARTICIPANTS AND THEIR DEPENDENTS ESTABLISHED UNDER A COLLECTIVE BARGAINING AGREEMENT BETWEEN VARIOUS EMPLOYERS AND THE INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS, AFL-CIO AND AFFILIATED IAM LOCAL AND IAM DISTRICT LODGES.

  • TO PROVIDE HEALTH, WELFARE, VISION AND DENTAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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

Listed in Part VII

  • Dora H Cerantes

    CO-CHAIRMAN

    Total calculated
    $425,986
    From this org
    $0
    From related orgs
    $312,448
    Other
    $113,538
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,313 related
    Bonus
    $0
    Other
    $0 + $23,135 related
    Deferred
    $0 + $95,944 related
    Nontaxable benefits
    $0 + $17,594 related
    Filer's total
    $0 + $425,986 related

  • Sam Cicinelli

    TRUSTEE

    Total calculated
    $413,534
    From this org
    $0
    From related orgs
    $290,070
    Other
    $123,464
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,846 related
    Bonus
    $0
    Other
    $0 + $19,224 related
    Deferred
    $0 + $87,478 related
    Nontaxable benefits
    $0 + $35,986 related
    Filer's total
    $0 + $413,534 related

  • Amy Kehoe

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas C Martin

    TRUSTEE

    Total calculated
    $401,602
    From this org
    $0
    From related orgs
    $286,640
    Other
    $114,962
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $268,594 related
    Bonus
    $0
    Other
    $0 + $18,046 related
    Deferred
    $0 + $87,478 related
    Nontaxable benefits
    $0 + $27,484 related
    Filer's total
    $0 + $401,602 related

  • Yolanda D Montgomery

    EXECUTIVE DIRECTOR

    Total calculated
    $438,997
    From this org
    $0
    From related orgs
    $398,916
    Other
    $40,081
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $398,916 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,361 related
    Nontaxable benefits
    $0 + $24,720 related
    Filer's total
    $0 + $438,997 related

  • Emily C Novak

    DIRECTOR

    Total calculated
    $152,100
    From this org
    $130,330
    From related orgs
    $0
    Other
    $21,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,330
    Bonus
    $0
    Other
    $0
    Deferred
    $15,931
    Nontaxable benefits
    $5,839
    Filer's total
    $152,100

  • Tania Peterson

    ELIGIBILITY MANAGER

    Total calculated
    $143,484
    From this org
    $115,312
    From related orgs
    $0
    Other
    $28,172
    Hours/week
    40

  • Monica Fauntleroy

    MANAGER OPERATIONS

    Total calculated
    $146,873
    From this org
    $117,455
    From related orgs
    $0
    Other
    $29,418
    Hours/week
    40

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

  • 3 · Approval by the board or compensation committee

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.

  • IAM NATIONAL PENSION FUND

    501(A) · PENSION FUND · DC

  • IAM NATIONAL 401K PLAN

    401(A) · RETIREMENT PLAN · DC

  • BOARD OF TRUSTEES OF THE NATIONAL IAM BENEFIT TRUST FUND

    501(C) · PLAN SPONSOR · DC

  • AIR TRANSPORT DISTRICT 142

  • IAM CREST

  • IAM DISTRICT 54

  • IAM DISTRICT 8

  • IAM DISTRICT 1

  • IAM DISTRICT 112

  • IAM DISTRICT 131

  • IAM DISTRICT 15

  • IAM DISTRICT 166

  • IAM DISTRICT 171

  • IAM DISTRICT 1888

  • IAM DISTRICT 2020

  • IAM DISTRICT 243

  • IAM DISTRICT 26

  • IAM DISTRICT 34

  • IAM DISTRICT 34 - KY

  • IAM DISTRICT 4

  • IAM DISTRICT 5

  • IAM DISTRICT 60

  • IAM DISTRICT 75

  • IAM DISTRICT 776

  • IAM DISTRICT 98

  • IAM DISTRICT W2021

  • IAM LOCAL 126

  • IAM LOCAL 1458

  • IAM LOCAL 2003

  • IAM LOCAL 2515

  • IAM LOCAL 519

  • IAM LOCAL 794

  • IAM LOCAL 933

  • NATL FEDERATION OF FEDERAL EMPLOYEES

  • TCUIAM TRAINING SERVICES DEPARTMENT

  • TENNESSEE VALLEY AUTHORITY (TVA)

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • A2M CONSULTING LLC

  • ALUTIIQ COMMERCIAL ENTERPRISES LLC

  • AMENTUM SPACEPORT LLC

  • ASRC COMMUNICATIONS LTD

  • ASRC COMMUNICATIONS LTD - FL

  • CNH INDUSTRIAL LLC

  • CYMSTAR SERVICES LLC

  • DIRECT VIZ SOLUTIONS LLC

  • GEMINI TECH SERVICES LLC

  • GEN 4 SERVICES LLC

  • HOSPITAL HOUSEKEEPING SYSTEMS LLC

  • NAVIGATOR INTERNATIONAL LLC

  • NETCENTRIC TECHNOLOGY LLC

  • SKY WARRIOR FLIGHT TRAINING LLC

  • SKYQUEST AVIATION LLC

  • SONNEBORN LLC

  • SOUTHWEST RANGE SERVICES LLC

  • T & H SERVICES LLC

  • TECNOCAP LLC

  • TITAN FACILITY SERVICE LLC

  • TK&K SERVICES LLC

  • VETERAN ENTERPRISE TECHNOLOGIES LLC

  • YULISTA SUPPORT SERVICES LLC

  • ZIA ENGINEERING & ENVIRONMENTAL CONSULTANTS LLC

Related corporations and trusts

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

  • ABM PARKING SERVICES-NASHVILLE AIRPORT

  • ADVANCED SYSTEMS DEVELOPMENT INC

  • AHOLD USA

  • AKIMA LLC

  • AKRON BRASS COMPANY

  • ALLEN-MITCHELL & CO

  • ALLIED AVIATION-HOUSTON

  • ANDERSON GLOBAL INC

  • ARNOLD ENGINEERING

  • AVIATION TRAINING CONSULTING

  • BALTIMORE TRUCK CENTER INC

  • BARTH INDUSTRIES

  • BCS LIFE SUPPORT

  • BOLANA ENTERPRISES INC

  • BOROUGH OF BELLWOOD

  • BOWHEAD INTEGRATED SUPPORT SERVICES

  • C MARTIN COMPANY INC

  • CAE USA MISSION SOLUTIONS INC

  • CARDINAL POINT

  • CENTRAL RUBBER COMPANY

  • CHENEGA SECURITY AND SUPPORT SOLUTIONS LLC (CS3)

  • CLARKE FIRE PROTECTION INC

  • CLARKE POWER SERVICES INC

  • CLC INC

  • COMMUNITY AMBULANCE SERVICE INC

  • CREATIVE MANAGEMENT TECHNOLOGY (CMTI)

  • CRESLINE PLASTIC PIPE CO

  • CREW TRAINING INTERNATIONAL

  • CS VERTICAL

  • CURTO-LIGONIER FOUNDRY

  • DAIRY CONVEYOR CORPORATION

  • DELAWARE RESOURCE GROUP

  • DELAWARE RESOURCE GROUP - DOVER

  • DELAWARE RESOURCE GROUP III-KC 135 WEST

  • DENMAR SERVICES INC-FORT RUCKER

  • DIVERSE TECHNOLOGY KORPS INC

  • DIVERSIFIED SERVICE CONTRACTING INC

  • DREIS & KRUMP MFG CO

  • DYNCORP

  • E & J TRUCK SERVICES INC

  • EBERHARD MFG

  • ELECTRIC MOTOR SERVICES

  • ERICA LANE ENTERPRISES INC

  • FELINS USA INC

  • FIDELITY TECHNOLOGIES CORPORATION - CHERRY POINT

  • FINKL STEEL

  • FIRST VEHICLE SERVICES

  • FIVE RIVERS SERVICES

  • FLINT & WALLING INC

  • FORMTEK INC

  • FRANK MILLARD AND COMPANY

  • GARDNER MFG

  • GOLDBELT C6

  • JACOBS TECHNOLOGY INC

  • KELLOGGS SNACKS

  • KENNA HOMES COOPERATIVE CORP

  • KING AEROSPACE

  • KIRA GOVERNMENT SERVICES

  • KOPPERS INDUSTRIES INC

  • L-3 TECHNOLOGIES VERTEX AEROSPACE

  • LB&B ASSOCIATES INC

  • LUKAYVA INC

  • LUSA ASSOCIATES INC

  • M1 SUPPORT SERVICES

  • MAINTHIA TECHNOLOGIES (NASA IMOR)

  • M-B COMPANIES

  • MCGEE AIR SERVICES

  • MCTEAGUEHIGBEE

  • MELGAR FACILITY MAINTENANCE

  • METRO PROFESSIONAL SERVICES

  • MIDWEST MATERIALS

  • MONTAGUE MACHINE CO 'B'

  • MOUNT JOY WIRE CO

  • NATIONAL RIVET MFG CO

  • NEKOOSA CORPORATION

  • NELOGIS

  • NUK USA

  • ORSA TECHNOLOGIES

  • PAE AVIATION AND TECHNICAL SERVICES LLC SOFTWARE

  • PAE JOHNSON SPACE CENTER

  • PINNACLE SOLUTIONS

  • PRAETORIAN STANDARD INC

  • PRECISION MARSHALL STEEL

  • PRESSED METAL CORP

  • ROTHE ENTERPRISES INC

  • RYESON CORP

  • S&K TECHNOLOGIES INC

  • SATELLITE SERVICES INC (SSI)

  • SC JONES SERVICES

  • SCIENCE AND TECHNOLOGY CORPORATION

  • SILGAN CONTAINERS CORP (ROCHELLE)

  • SILGAN WHITE CAP

  • SKOOKUM EDUCATIONAL PROGRAMS

  • SODEXO-MAINE MARITIME ACADEMY

  • SOLUTION ONE INDUSTRIES INC

  • SONORAN TECHNOLOGY & PROFESSIONAL SVCS

  • SPIRAL TECHNOLOGY INCORPORATED

  • STA CONTRACTING INC

  • STANDARD HORSE NAIL

  • SUPERIOR-LIDGERWOOD-MUNDY

  • SYNDETIX INCORPORATED

  • SYSTEM DYNAMICS INTERNATIONAL INC (SDI)

  • SYSTEMS APPLICATION AND TECHNOLOGIES INC

  • T SQUARE LOGISTICS SERVICES CORP

  • TECHSYSTEMS

  • TENAX TECHNOLOGIES

  • THE GEO GROUP INC - COASTAL

  • TIVOLY INC

  • TOWERS IN WESTCHESTER PARK

  • TRAX INTERNATIONAL CORPORATION

  • TRIANGLE PACKAGE MACHINERY COMPANY

  • TRIUS INC

  • TRULIFE

  • UNION ELECTRIC STEEL CORPORATION

  • UNION MACHINE & TOOL WORKS INC

  • UNION SPORTSMEN'S ALLIANCE

  • UPTA CAMP EDIBLES

  • VALIANT GLOBAL DEFENSE SERVICES INC - NAS WHIDBEY

  • VAUGHN MANUFACTURING CO

  • VESUVIUS USA

  • VILLAGE OF NORTHFIELD

  • VISHAY INTERTECHNOLOGY INC

  • WALSINGHAM GROUP INC

  • WELD TOOLING CORPORATION

  • WICHITA CLUTCH

  • WOLF CREEK FEDERAL SERVICES

  • WYMAN-GORDON COMPANY

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349307675

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