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← STRUCTURAL IRON WORKERS-1 WELFARE FUND

Form 990 for tax year 2023

Filed by STRUCTURAL IRON WORKERS-1 WELFARE FUND.

Totals

Total revenue
$38,827,606
Total expenses
$40,699,891
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$36,662,653
Investment income
$2,159,241
Other revenue
$5,712
Total assets, end of year
$51,591,845
Total liabilities, end of year
$4,717,872
Net assets or fund balances, end of year
$46,873,973
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 $31,811,821 · related or exempt $31,811,821

  • 2b · Program service revenue: PRESCRIPTION REBATES

    total $3,019,005 · related or exempt $3,019,005

  • 2c · Program service revenue: RETIREE CO-PAYMENTS

    total $1,632,238 · related or exempt $1,632,238

  • 2d · Program service revenue: COBRA CONTRIBUTIONS

    total $199,589 · related or exempt $199,589

  • 3 · Investment income

    total $2,335,926 · excluded $2,335,926

  • 7a · Gross sales of assets other than inventory

    securities $5,005,883

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

    securities $5,182,568

  • 7c · Gain or loss

    securities -$176,685

  • 7d · Net gain or loss

    total -$176,685 · excluded -$176,685

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $5,712 · excluded $5,712

  • 11e · Other revenue, total

    $5,712

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $39,915,830

  • 11a · Fees: management

    total $185,461

  • 11b · Fees: legal

    total $113,220

  • 11c · Fees: accounting

    total $63,851

  • 11f · Fees: investment management

    total $127,963

  • 11g · Fees: other

    total $204,450

  • 13 · Office expenses

    total $17,833

  • 16 · Occupancy

    total $21,350

  • 23 · Insurance

    total $19,955

  • 24a · Other expenses: OUTSIDE SERVICES

    total $11,212

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $10,561

  • 24c · Other expenses: PCORI FEE

    total $8,205

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,444,618 · end of year $537,779

  • 2 · Savings and temporary cash investments

    beginning of year $420,449 · end of year $1,369,518

  • 4 · Accounts receivable

    beginning of year $2,768,987 · end of year $3,087,206

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,319 · end of year $28,892

  • 11 · Investments: publicly traded securities

    beginning of year $12,708,497 · end of year $12,572,573

  • 12 · Investments: other securities

    beginning of year $30,916,610 · end of year $32,149,587

  • 15 · Other assets

    beginning of year $1,609,473 · end of year $1,846,290

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,459 · end of year $92,183

  • 25 · Other liabilities

    beginning of year $3,000,291 · end of year $4,625,689

  • 27 · Net assets without donor restrictions

    beginning of year $47,791,203 · end of year $46,873,973

Mission and programs · 2023

Mission

TO PROVIDE PARTICIPANTS AND THEIR BENEFICIARIES BENEFITS AS DESCRIBED IN THE PLAN DOCUMENT.

  • THE PLAN PROVIDES MEDICAL, DENTAL, OPTICAL, HEARING AIDS, DISABILITY, DEATH BENEFITS AND HEALTH REIMBURSEMENT ACCOUNTS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.

As filed on the 2023 return.

Listed in Part VII

  • David Quin

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • Patrick Clark

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • Maureen Esposito Past

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • Craig Satalic Past

    UNION TRUSTEE

    Total calculated
    $244,296
    From this org
    $0
    From related orgs
    $133,231
    Other
    $111,065
    Hours/week
    0.3 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,231 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $83,238 related
    Nontaxable benefits
    $0 + $27,827 related
    Filer's total
    $0 + $244,296 related

  • John Gardiner

    UNION TRUSTEE

    Total calculated
    $407,825
    From this org
    $0
    From related orgs
    $221,988
    Other
    $185,837
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,858 related
    Bonus
    $0
    Other
    $0 + $3,130 related
    Deferred
    $0 + $138,303 related
    Nontaxable benefits
    $0 + $47,534 related
    Filer's total
    $0 + $407,825 related

  • Todd Villa

    UNION TRUSTEE

    Total calculated
    $375,922
    From this org
    $0
    From related orgs
    $200,448
    Other
    $175,474
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,028 related
    Bonus
    $0
    Other
    $0 + $1,420 related
    Deferred
    $0 + $129,716 related
    Nontaxable benefits
    $0 + $45,758 related
    Filer's total
    $0 + $375,922 related

  • Ken Davis

    UNION TRUSTEE

    Total calculated
    $374,707
    From this org
    $0
    From related orgs
    $200,531
    Other
    $174,176
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,546 related
    Bonus
    $0
    Other
    $0 + $2,985 related
    Deferred
    $0 + $128,760 related
    Nontaxable benefits
    $0 + $45,416 related
    Filer's total
    $0 + $374,707 related

  • Sam Tipton

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

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.

  • 4-S ERECTION INC

    CONTRIBUTING EMPLOYER

  • 7 COUNTY CONCRETE CONST LLC

    CONTRIBUTING EMPLOYER

  • AC IRONLLC

    CONTRIBUTING EMPLOYER

  • ACMS GROUP INC

    CONTRIBUTING EMPLOYER

  • ADVANCE STEEL ERECTION INC

    CONTRIBUTING EMPLOYER

  • ADVANCED CRANE TECHNICIANSINC

    CONTRIBUTING EMPLOYER

  • ADVANCED STEEL ERECTORS

    CONTRIBUTING EMPLOYER

  • ALDRIDGE ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • ALL CONCRETE CHICAGO INC

    CONTRIBUTING EMPLOYER

  • ALL J STEEL INC

    CONTRIBUTING EMPLOYER

  • ALLEN CONSTRUCTION LLC

    CONTRIBUTING EMPLOYER

  • AMBARINC

    CONTRIBUTING EMPLOYER

  • AMEX NOOTER

    CONTRIBUTING EMPLOYER

  • AMS MECHANICAL SYSTEMS

    CONTRIBUTING EMPLOYER

  • APEX CONSTRUCTION GROUP INC

    CONTRIBUTING EMPLOYER

  • ARCORP STRUCTURES

    CONTRIBUTING EMPLOYER

  • AREA EQUIPMENT INC

    CONTRIBUTING EMPLOYER

  • AREA ERECTORSINC

    CONTRIBUTING EMPLOYER

  • AREATHA CONSTRUCTION COMPANY

    CONTRIBUTING EMPLOYER

  • ASPEN STEEL ERECTORS LLC

    CONTRIBUTING EMPLOYER

  • ATMI DYNACORE II LLC

    CONTRIBUTING EMPLOYER

  • AUSTIN TYLER CONSTRUCTION INC

    CONTRIBUTING EMPLOYER

  • BAKE'S STEEL ERECTORS

    CONTRIBUTING EMPLOYER

  • BAM DECKING

    CONTRIBUTING EMPLOYER

  • BERGLUND CONSTRUCTION CO

    CONTRIBUTING EMPLOYER

  • BMWC CONSTRUCTORS

    CONTRIBUTING EMPLOYER

  • BOLDT COMPANY

    CONTRIBUTING EMPLOYER

  • BRIESER CONSTRUCTION

    CONTRIBUTING EMPLOYER

  • BUILDERS CHICAGO CORPORATION

    CONTRIBUTING EMPLOYER

  • CR MEYER & SONS COMPANY

    CONTRIBUTING EMPLOYER

  • CANNON EQUIPMENT COMPANY INC

    CONTRIBUTING EMPLOYER

  • CAPITOL STEEL CONSTRUCTORS INC

    CONTRIBUTING EMPLOYER

  • CAPUTO STEEL ERECTORS LLC

    CONTRIBUTING EMPLOYER

  • CHICAGO CONCRETE & EXCAVATION

    CONTRIBUTING EMPLOYER

  • CHICAGO DECKINGINC

    CONTRIBUTING EMPLOYER

  • CHICAGO ORNAMENTAL IRON INC

    CONTRIBUTING EMPLOYER

  • CHICAGO STEEL CONSTRUCTION LLC

    CONTRIBUTING EMPLOYER

  • CHICAGO TRANSIT AUTHORITY

    CONTRIBUTING EMPLOYER

  • CLAUSEN STRUCTURES INC

    CONTRIBUTING EMPLOYER

  • CORSETTI STRUCTURAL STEEL

    CONTRIBUTING EMPLOYER

  • COST OF WISCONSIN INC

    CONTRIBUTING EMPLOYER

  • D CONSTRUCTIONINC

    CONTRIBUTING EMPLOYER

  • DANNYS CONSTRUCTION CO

    CONTRIBUTING EMPLOYER

  • DEAC ACQUISITION CORP

    CONTRIBUTING EMPLOYER

  • DEARBORN CRANE & ENGINEERING

    CONTRIBUTING EMPLOYER

  • DEPASQUALE STEEL ERECTORS INC

    CONTRIBUTING EMPLOYER

  • DESIGN BY THREE CONSTRUCTION

    CONTRIBUTING EMPLOYER

  • DUBURG IRON WORKS INC

    CONTRIBUTING EMPLOYER

  • DUCO CONSTRUCTION INC

    CONTRIBUTING EMPLOYER

  • DYNAMIX CONSTRUCTION INC

    CONTRIBUTING EMPLOYER

  • DYWIDAG SYSTEMS INT'L USA INC

    CONTRIBUTING EMPLOYER

  • ELITE IRONWORKS INC

    CONTRIBUTING EMPLOYER

  • EMPIRE CONSTRUCTION COMPANY

    CONTRIBUTING EMPLOYER

  • FK KETLER CO

    CONTRIBUTING EMPLOYER

  • FOSBEL INC

    CONTRIBUTING EMPLOYER

  • GF CRANE INC

    CONTRIBUTING EMPLOYER

  • GATEWAY CONSTR CO INC

    CONTRIBUTING EMPLOYER

  • GERACE CONSTRUCTION

    CONTRIBUTING EMPLOYER

  • GILCO SCAFFOLDING CO

    CONTRIBUTING EMPLOYER

  • GONZALEZ IRON WORKS LLC

    CONTRIBUTING EMPLOYER

  • GRANITE CONSTRUCTION

    CONTRIBUTING EMPLOYER

  • GRAYCOR INDUSTRIAL CONSTRUCTOR

    CONTRIBUTING EMPLOYER

  • GREAT LAKES STEEL ERECTION

    CONTRIBUTING EMPLOYER

  • GUARDIAN CONST PROD INC

    CONTRIBUTING EMPLOYER

  • HALYARD CORPORATION

    CONTRIBUTING EMPLOYER

  • HAMPTON IRONWORKS INC

    CONTRIBUTING EMPLOYER

  • HARRIS DAVIS REBARREBAR PLACI

    CONTRIBUTING EMPLOYER

  • HAUTER BROTHERS INC

    CONTRIBUTING EMPLOYER

  • HAYES COMMERCIAL LLC

    CONTRIBUTING EMPLOYER

  • HELM CIVIL

    CONTRIBUTING EMPLOYER

  • HERLIHY MID-CONTINENT

    CONTRIBUTING EMPLOYER

  • HOOSIER CRANE SERVICE CO

    CONTRIBUTING EMPLOYER

  • HOSS STEEL

    CONTRIBUTING EMPLOYER

  • ICC GROUP INC

    CONTRIBUTING EMPLOYER

  • II IN ONE CONTRREBAR JV

    CONTRIBUTING EMPLOYER

  • II IN ONE CONTRACTORS INC

    CONTRIBUTING EMPLOYER

  • II IN ONE REBARINC

    CONTRIBUTING EMPLOYER

  • IMPACT IRON LLC

    CONTRIBUTING EMPLOYER

  • IMPERIAL CONSTRUCTION ASSOC

    CONTRIBUTING EMPLOYER

  • INDEPENDENT MECH INDUSTRIES

    CONTRIBUTING EMPLOYER

  • INSTALLATION SERVICESINC

    CONTRIBUTING EMPLOYER

  • INT'L INDUSTRIAL CONTRACTING

    CONTRIBUTING EMPLOYER

  • IRON MASON LLC

    CONTRIBUTING EMPLOYER

  • J COYNE CONSTRUCTION INC

    CONTRIBUTING EMPLOYER

  • JV CRANE & ENGINEERING INC

    CONTRIBUTING EMPLOYER

  • JB ERECTORS INC

    CONTRIBUTING EMPLOYER

  • JJB STEELINC

    CONTRIBUTING EMPLOYER

  • JOLIET STEEL CONSTRUCTION INC

    CONTRIBUTING EMPLOYER

  • K & K IRON WORKS LLC

    CONTRIBUTING EMPLOYER

  • K & S ENGINEERS INC

    CONTRIBUTING EMPLOYER

  • KADILEX CONSTRUCTION INC

    CONTRIBUTING EMPLOYER

  • KAPO CONSTRUCTION INC

    CONTRIBUTING EMPLOYER

  • KELLER N A

    CONTRIBUTING EMPLOYER

  • KEY WEST METAL INDUSTRIES INC

    CONTRIBUTING EMPLOYER

  • KOLAR STEEL CONSTUCTION INC

    CONTRIBUTING EMPLOYER

  • KUJO INC

    CONTRIBUTING EMPLOYER

  • KURE STEEL ERECTION INC

    CONTRIBUTING EMPLOYER

  • LAYTON STEEL ERECTORS

    CONTRIBUTING EMPLOYER

  • LILJA CORPORATION

    CONTRIBUTING EMPLOYER

  • LINDBLAD CONSTRUCTION CO

    CONTRIBUTING EMPLOYER

  • MA REBAR MA STEEL ERECTORS

    CONTRIBUTING EMPLOYER

  • MAC INDUSTRIAL SERVICES INC

    CONTRIBUTING EMPLOYER

  • MARTIN CEMENT COMPANY

    CONTRIBUTING EMPLOYER

  • MAVERICK POOLS INC

    CONTRIBUTING EMPLOYER

  • MAYO STEEL ERECTORS INC

    CONTRIBUTING EMPLOYER

  • MBE ERECTORS LLC

    CONTRIBUTING EMPLOYER

  • MCHUGH CONCRETE CONSTRUCTION

    CONTRIBUTING EMPLOYER

  • MECCOR INDUSTRIES LTD

    CONTRIBUTING EMPLOYER

  • MECHANICAL & INDUSTRIAL STEEL

    CONTRIBUTING EMPLOYER

  • METROPOLITAN STEEL INC

    CONTRIBUTING EMPLOYER

  • MICHELS CONSTRUCTION INC

    CONTRIBUTING EMPLOYER

  • MID-AMERICA STEEL ERECTORS

    CONTRIBUTING EMPLOYER

  • MITCHELL STEELINC

    CONTRIBUTING EMPLOYER

  • MJ ERECTORS

    CONTRIBUTING EMPLOYER

  • M-JTJ CONTRACTORS & BLDRS INC

    CONTRIBUTING EMPLOYER

  • MORCOM CONSTRUCTION CO

    CONTRIBUTING EMPLOYER

  • MORRISON CONSTRUCTION CO

    CONTRIBUTING EMPLOYER

  • MTH INDUSTRIES

    CONTRIBUTING EMPLOYER

  • MVP ERECTORS LLC

    CONTRIBUTING EMPLOYER

  • NATIONAL MACHINERY & CONVEYOR

    CONTRIBUTING EMPLOYER

  • NELCONEW ENGLAND LEAD BURNING

    CONTRIBUTING EMPLOYER

  • NEW HORIZON STEEL

    CONTRIBUTING EMPLOYER

  • NICK'S METAL FABR & SONS INC

    CONTRIBUTING EMPLOYER

  • OVERHEAD CONVEYOR COMPANY

    CONTRIBUTING EMPLOYER

  • OWS ENT INC

    CONTRIBUTING EMPLOYER

  • PHOENIX CCILLC

    CONTRIBUTING EMPLOYER

  • PLATINUM STEEL LLC

    CONTRIBUTING EMPLOYER

  • POLSTEEL CONSTRUCTION LTD

    CONTRIBUTING EMPLOYER

  • PRIME INDUSTRIAL CONTR INC

    CONTRIBUTING EMPLOYER

  • PRIME SCAFFOLDINC

    CONTRIBUTING EMPLOYER

  • QUINCO STEEL INC

    CONTRIBUTING EMPLOYER

  • R OLSON CONSTR CO CONTR

    CONTRIBUTING EMPLOYER

  • RAMCO CONSTRUCTION

    CONTRIBUTING EMPLOYER

  • RAUSCH INFRASTRUCTURE LLC

    CONTRIBUTING EMPLOYER

  • REYNOLDS RIGGING & CRANE CHICA

    CONTRIBUTING EMPLOYER

  • ROADSAFE TRAFFIC SYSTEMS INC

    CONTRIBUTING EMPLOYER

  • S & J CONSTRUCTION CO INC

    CONTRIBUTING EMPLOYER

  • SAFEGUARD INDUSTRIES

    CONTRIBUTING EMPLOYER

  • SAFWAY ATLANTIC LLC

    CONTRIBUTING EMPLOYER

  • SCHMIDT STEEL INC

    CONTRIBUTING EMPLOYER

  • SKYLINE ORNAMENTAL LLC

    CONTRIBUTING EMPLOYER

  • SPECIALITY CONSTRUCTION

    CONTRIBUTING EMPLOYER

  • STATELINE CORPORATION

    CONTRIBUTING EMPLOYER

  • STEELEDGE ERECTORS

    CONTRIBUTING EMPLOYER

  • STEVENS ENGINEERS & CONSTRUCT

    CONTRIBUTING EMPLOYER

  • STRESCORE INC

    CONTRIBUTING EMPLOYER

  • STRUCTURAL STRATEGIES INC

    CONTRIBUTING EMPLOYER

  • SUPERIOR CONSTRUCTION

    CONTRIBUTING EMPLOYER

  • SUPERIOR ERECTORS INC

    CONTRIBUTING EMPLOYER

  • TBS CONSTRUCTION INC

    CONTRIBUTING EMPLOYER

  • TESTA CONSTRUCTION COMPANY

    CONTRIBUTING EMPLOYER

  • THE STATE GROUP INDUS (USA)LTD

    CONTRIBUTING EMPLOYER

  • TITON STEEL LLC

    CONTRIBUTING EMPLOYER

  • USA HOIST COINC

    CONTRIBUTING EMPLOYER

  • VMR CONTRACTORS

    CONTRIBUTING EMPLOYER

  • WEB PROD & FABR INC

    CONTRIBUTING EMPLOYER

  • WALSH CONSTR CO OF ILL

    CONTRIBUTING EMPLOYER

  • WALSH CONSTR COMPANY II LLC

    CONTRIBUTING EMPLOYER

  • WASHINGTON CONSTRUCTION CO

    CONTRIBUTING EMPLOYER

  • WEILAND STEEL INC

    CONTRIBUTING EMPLOYER

  • WESTERN REMAC INC

    CONTRIBUTING EMPLOYER

  • WILLIAMS STEEL ERECTORS

    CONTRIBUTING EMPLOYER

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433139349301248

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