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← WELFARE FUND TRUST OF ARCHITECTURAL IRONWORKERS LOCAL NO 63

Form 990 for tax year 2022

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

Totals

Total revenue
$23,927,663
Total expenses
$32,288,956
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$23,398,633
Investment income
$529,030
Other revenue
$0
Total assets, end of year
$98,519,717
Total liabilities, end of year
$27,511,965
Net assets or fund balances, end of year
$71,007,752
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 $21,918,724 · related or exempt $21,918,724

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $1,387,641 · related or exempt $1,387,641

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

    total $92,268 · related or exempt $92,268

  • 3 · Investment income

    total $2,791,180 · excluded $2,791,180

  • 7a · Gross sales of assets other than inventory

    securities $23,395,171

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

    securities $25,657,321

  • 7c · Gain or loss

    securities -$2,262,150

  • 7d · Net gain or loss

    total -$2,262,150 · excluded -$2,262,150

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $30,522,952

  • 10 · Payroll taxes

    total $47,593

  • 11a · Fees: management

    total $366,127

  • 11b · Fees: legal

    total $67,662

  • 11c · Fees: accounting

    total $33,950

  • 11f · Fees: investment management

    total $210,164

  • 11g · Fees: other

    total $972,979

  • 13 · Office expenses

    total $58,600

  • 23 · Insurance

    total $5,138

  • 24a · Other expenses: ACA FEES

    total $3,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,539,873 · end of year $5,341,108

  • 2 · Savings and temporary cash investments

    beginning of year $2,222,248 · end of year $941,723

  • 4 · Accounts receivable

    beginning of year $2,062,247 · end of year $2,182,921

  • 9 · Prepaid expenses and deferred charges

    beginning of year $246,773 · end of year $191,085

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

    $1,398,780

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

    $236,885

  • 10c · Land, buildings and equipment, net

    beginning of year $1,239,082 · end of year $1,161,895

  • 11 · Investments: publicly traded securities

    beginning of year $84,963,732 · end of year $77,474,194

  • 12 · Investments: other securities

    beginning of year $8,607,848 · end of year $10,737,211

  • 15 · Other assets

    beginning of year $519,361 · end of year $489,580

  • 17 · Accounts payable and accrued expenses

    beginning of year $175,131 · end of year $130,989

  • 25 · Other liabilities

    beginning of year $24,537,339 · end of year $27,380,976

  • 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 $79,688,694 · end of year $71,007,752

Mission and programs · 2022

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 2022 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
    $330,636
    From this org
    $0
    From related orgs
    $197,229
    Other
    $133,407
    Hours/week
    3 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,559 related
    Bonus
    $0
    Other
    $0 + $1,670 related
    Deferred
    $0 + $106,085 related
    Nontaxable benefits
    $0 + $27,322 related
    Filer's total
    $0 + $330,636 related

  • Tim Bell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Mark Labuz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Dave Murray

    TRUSTEE

    Total calculated
    $297,868
    From this org
    $0
    From related orgs
    $174,472
    Other
    $123,396
    Hours/week
    3 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,343 related
    Bonus
    $0
    Other
    $0 + $2,129 related
    Deferred
    $0 + $96,074 related
    Nontaxable benefits
    $0 + $27,322 related
    Filer's total
    $0 + $297,868 related

  • Fletcher Holmes

    TRUSTEE

    Total calculated
    $297,673
    From this org
    $0
    From related orgs
    $174,277
    Other
    $123,396
    Hours/week
    3 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,552 related
    Bonus
    $0
    Other
    $0 + $1,725 related
    Deferred
    $0 + $96,074 related
    Nontaxable benefits
    $0 + $27,322 related
    Filer's total
    $0 + $297,673 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

  • ACORN FENCE & CONSTRUCTION INC

  • ACSEM INC

  • ACTION FENCE CONTRACTORS INC

  • ADL INSTALLERS INC

  • ADVANCE STEEL ERECTION INC

  • AIR & WELLNESS SAFETY TRAINING

  • ALDRIDGE ELECTRIC

  • ALL J STEEL 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

  • BILL WELDING & FAB DBA BWF CONSTRUCTION

  • BLUE SKY LLC AUDIT

  • BUILDERS CHICAGO CORP

  • BUILT BEST FENCE CO INC

  • C & B GLASS INC

  • CAPUTO STEEL ERECTORS LLC

  • CELTIC IRON INC

  • CHICAGO FLYHOUSE INC

  • CHICAGO HEIGHTS GLASS INC

  • CHICAGO ORNAMENTAL IRON INC

  • CHRISTOPHER GLASS SERVICES INC

  • CK II CONTRACTING INC

  • COMPLETE CANOPY SERVICES INC

  • COMPOSITE STEEL PRODUCTS INC

  • CONTRACT GLAZIERS INC

  • CORE ERECTORS IL LLC

  • CORSETTI STRUCTURAL STEEL INC

  • CROWN CORR INC

  • D & M ARCHITECTURAL METALS INC

  • DALTON FENCE LLC

  • DANIEL A LENGACHER CONSTRUCTION LLC

  • 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

  • EM III ARCHITECTURAL

  • EVAN FALL PROTECTION

  • EXTREME REACHC3 PRESENTS

  • FEDERAL RENT -A- FENCE

  • FENCE PLUS INC

  • FLYNN FENCE & SUPPLY CO

  • GATEWAY GLAZING INC

  • GAUTHIER GLASS LLC

  • GMSGLASS MANAGEMENT SERVICES

  • GONZALEZ IRON WORKS

  • GRAND STAGE CO INC

  • GREAT LAKES STEEL ERECTION INC

  • GUARDIAN CONSTRUCTION PRODUCTS INC

  • HAMPTON IRONWORKS INC

  • HARMON INC

  • HART ERECTORS INC

  • HOBBS OVERHEAD DOORS INC

  • HOSS STEEL SOLUTIONS

  • HOUSE OF DOORS INC

  • IG COMMERCIAL INC

  • ILLIANA REMEDIAL ACTION INC AUDIT

  • ILLINI FACADE CORPORATION INC

  • ILLINOIS CONTRACT GLAZING INC

  • IMPACT IRON LLC

  • IMPERIAL CONSTRUCTION ASSOC INC

  • INDUSTRIAL DOOR CO OF CHG

  • INDUSTRIAL FENCE INC

  • INDUSTRIAL MATERIAL SUPPLY

  • IN-LINE FENCE & FABRICATING CO

  • INNOVATIVE INSTALLATIONS AND MANAGEMENT LLC

  • INTERNATIONAL ENTRANCES INC

  • IRONCLAD COMPANY LLC

  • IWEISS HOLDINGS LLC

  • JB ERECTORS 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

  • LINDBLAD CONSTRUCTION

  • M&M STEEL ERECTORS LLC

  • MADISON INDUSTRIES

  • 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 SKYLITE SYSTEMS

  • MJ ERECTORS INC

  • MORCOM CONSTRUCTION CO

  • MTH INDUSTRIES

  • NATHAN LINN & SONS INC

  • NATIONAL SPORTS NETS LLC

  • NICKS METAL FABRICATING & SONS INC

  • NORTH CHICAGO IRON WORKS

  • NORTHERN CONTRACTING INC

  • NORTHERN ILLINOIS FENCE INC

  • NORTHWAY FENCE INC

  • NPSG GLOBAL LLC

  • 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

  • PERMASTEELISA NORTH AMERICA CORP

  • PIERINI IRON WORKS INC

  • PIW GROUP LLC

  • PORTA-WELD INC

  • POWER FENCE INC

  • PRIME ARCHITECTURAL METAL & GLASS INC

  • PRIMERA IRON WORKS

  • PRO FENCE II INC

  • R & I ORNAMENTAL IRON INC

  • R & S ARCHITECTURAL

  • RB3 ENTERPRISES DBA LAND STAR STEEL

  • REFLECTION WINDOW COMPANY LLC

  • ROBERT T WELSH & ASSOCIATES

  • ROCKET FENCE

  • SCHMIDT STEEL INC

  • SECURITY DOOR INC

  • SERVIN UNION FENCE LLC

  • SG METAL & GLASS INC

  • SKYLINE ORNAMENTAL LLC

  • SOUTHERN FOLGER CONTRACTING NO VACATION

  • SPECIALTY CONSTRUCTION LLC

  • STAIR ONE INC

  • STEVE'S DOOR SERVICE LLC

  • STRATA CONTRACTORS LTD

  • STRUCTURAL STRATEGIES INC

  • SUMMIT ARCHITECTURAL METALS LLC

  • TAYLOR ELECTRIC COMPANY

  • THE BARTECH GROUP

  • UNDERLAND ARCH SYSTEMS

  • UNITY FENCING COMPANY

  • VEI SOLUTIONS INC

  • VICTORY FENCE LLC

  • WASHINGTON CONSTRUCTION CO LLC

  • WEB PRODUCTION AND FABRICATORS INC

  • WESTERN ARCHITECTURAL IRON COMPANY

  • WILLIAM STEEL ERECTORS

Provenance

Return type
form_990
Tax year
2022
Filed
11 March 2024
IRS schema version
2022v5.0
Source object
202430719349300958

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