Form 990 for tax year 2023
Filed by CHICAGO TILE INSTITUTE WELFARE FUND.
Totals
- Total revenue
- $16,064,734
- Total expenses
- $14,384,538
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $14,634,911
- Investment income
- $1,081,681
- Other revenue
- $348,142
- Total assets, end of year
- $48,032,632
- Total liabilities, end of year
- $124,122
- Net assets or fund balances, end of year
- $47,908,510
- 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: PARTICIPATING CONTRACTOR
total $13,576,904 · related or exempt $13,576,904
-
2b · Program service revenue: PARTICIPANT CONTRIBUTIONS
total $963,605 · related or exempt $963,605
-
2c · Program service revenue: MEDICAL REIMBURSEMENTS
total $57,581 · related or exempt $57,581
-
2d · Program service revenue: LIQUIDATED DAMAGES
total $34,807 · related or exempt $34,807
-
2e · Program service revenue: STOP LOSS REIMBURSEMENT
total $2,014 · related or exempt $2,014
-
3 · Investment income
total $882,047 · excluded $882,047
-
7a · Gross sales of assets other than inventory
securities $592,892
-
7b · Less cost or other basis and sales expenses
securities $393,258
-
7c · Gain or loss
securities $199,634
-
7d · Net gain or loss
total $199,634 · excluded $199,634
-
11a · Other revenue: MANAGEMENT FEES
total $294,690 · excluded $294,690
-
11b · Other revenue: OTHER REIMBURSEMENTS
total $53,452 · excluded $53,452
-
11e · Other revenue, total
$348,142
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $13,168,841
-
5 · Compensation of officers, directors and key employees
total $229,750
-
7 · Other salaries and wages
total $256,039
-
8 · Pension plan contributions
total $120,048
-
9 · Other employee benefits
total $14,364
-
10 · Payroll taxes
total $54,830
-
11b · Fees: legal
total $66,948
-
11c · Fees: accounting
total $68,230
-
11f · Fees: investment management
total $87,287
-
11g · Fees: other
total $63,552
-
13 · Office expenses
total $68,350
-
14 · Information technology
total $79,946
-
16 · Occupancy
total $45,225
-
19 · Conferences, conventions and meetings
total $16,798
-
22 · Depreciation, depletion and amortization
total $10,485
-
23 · Insurance
total $15,214
-
24a · Other expenses: HRA PROVIDER
total $8,322
-
24b · Other expenses: PCORI FEE
total $5,001
-
24c · Other expenses: COALITION MEMBERSHIP DU
total $3,501
-
24d · Other expenses: LOSS ON DISPOSAL
total $1,807
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $883,471 · end of year $1,973,319
-
4 · Accounts receivable
beginning of year $1,385,610 · end of year $1,472,813
-
9 · Prepaid expenses and deferred charges
beginning of year $33,642 · end of year $40,578
-
10a · Land, buildings and equipment: cost or other basis
$91,636
-
10b · Land, buildings and equipment: accumulated depreciation
$61,319
-
10c · Land, buildings and equipment, net
beginning of year $32,285 · end of year $30,317
-
11 · Investments: publicly traded securities
beginning of year $28,376,724 · end of year $30,980,303
-
12 · Investments: other securities
beginning of year $12,932,856 · end of year $13,308,191
-
15 · Other assets
beginning of year $349,502 · end of year $227,111
-
17 · Accounts payable and accrued expenses
beginning of year $261,836 · end of year $124,122
-
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 $43,732,254 · end of year $47,908,510
Mission and programs · 2023
Mission
TO PROVIDE MEDICAL, PRESCRIPTION, AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Activities or mission (Part I)
TO PROVIDE PARTICIPANTS AND THEIR DEPENDENTS BENEFITS AS DESCRIBED IN THE PLAN DOCUMENT.
-
THE PLAN PROVIDES MEDICAL, PRESCRIPTION, AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
As filed on the 2023 return.
Listed in Part VII
-
EARL J TROSTRUD JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
MICHAEL PETRITIS
SECRETARY
- Total calculated
- $253,244
- From this org
- $0
- From related orgs
- $156,076
- Other
- $97,168
- Hours/week
- 1 + 40.3 related
Schedule J breakdown matched by us
- Base
- $0 + $138,308 related
- Bonus
- $0
- Other
- $0 + $17,768 related
- Deferred
- $0 + $71,168 related
- Nontaxable benefits
- $0 + $26,000 related
- Filer's total
- $0 + $253,244 related
-
MIKE ROBERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
BRIAN CASTRO
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
GENEVIEVE TUCCI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
WILLIAM MURRAY
TRUSTEE
- Total calculated
- $234,638
- From this org
- $0
- From related orgs
- $139,909
- Other
- $94,729
- Hours/week
- 1 + 40.3 related
Schedule J breakdown matched by us
- Base
- $0 + $126,782 related
- Bonus
- $0
- Other
- $0 + $13,127 related
- Deferred
- $0 + $68,729 related
- Nontaxable benefits
- $0 + $26,000 related
- Filer's total
- $0 + $234,638 related
-
DEAN GOTTSCHALK
TRUSTEE
- Total calculated
- $215,639
- From this org
- $0
- From related orgs
- $123,561
- Other
- $92,078
- Hours/week
- 1 + 40.3 related
Schedule J breakdown matched by us
- Base
- $0 + $115,257 related
- Bonus
- $0
- Other
- $0 + $8,304 related
- Deferred
- $0 + $66,078 related
- Nontaxable benefits
- $0 + $26,000 related
- Filer's total
- $0 + $215,639 related
-
ANTHONY DEMME
TRUSTEE
- Total calculated
- $234,643
- From this org
- $0
- From related orgs
- $140,163
- Other
- $94,480
- Hours/week
- 1 + 40.3 related
Schedule J breakdown matched by us
- Base
- $0 + $126,782 related
- Bonus
- $0
- Other
- $0 + $13,381 related
- Deferred
- $0 + $68,480 related
- Nontaxable benefits
- $0 + $26,000 related
- Filer's total
- $0 + $234,643 related
-
ANN WYDRA
PLAN ADMINISTRATOR
- Total calculated
- $251,562
- From this org
- $192,250
- From related orgs
- $0
- Other
- $59,312
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $192,250
- Bonus
- $0
- Other
- $0
- Deferred
- $33,132
- Nontaxable benefits
- $26,180
- Filer's total
- $251,562
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.
-
CHICAGO TILE INSTITUTE PENSION FUND
401(A) · PROVIDE PENSION BENEFITS TO ELIGIBLE PARTICIPANTS · IL
-
ADMINISTRATIVE DISTRICT COUNCIL #1 OF ILLINOIS
501(C)(5) · LABOR UNION · IL
-
INTERNATIONAL MASONRY INSTITUTE
501(C)(6) · TRAINING FUND · MD
-
DISTRICT COUNCIL TRAINING CENTER
501(C)(3) · TRAINING FUND · IL
-
BD OF TRUSTEES CHICAGO TILE INSTITUTE WELFARE FUND
501(C)(9) · PLAN SPONSOR · 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.
-
A&D TILE
CONTRIBUTING EMPLOYER
-
ADEPT FLOORING LLC
CONTRIBUTING EMPLOYER
-
ALBERT INSTALLATIONS INC
CONTRIBUTING EMPLOYER
-
ALEXUS TILE & REMODELING INC
CONTRIBUTING EMPLOYER
-
ALL - TYPE TILE INC
CONTRIBUTING EMPLOYER
-
AMERICAN FLOOR COMPANY
CONTRIBUTING EMPLOYER
-
AMICI TERRAZZO
CONTRIBUTING EMPLOYER
-
ARCHITECTURAL CONTRACTING INC
CONTRIBUTING EMPLOYER
-
ASHLAUR CONSTRUCTION
CONTRIBUTING EMPLOYER
-
BAC INTERNATIONAL
CONTRIBUTING EMPLOYER
-
BOURBON TILE AND MARBLE
CONTRIBUTING EMPLOYER
-
CCI FLOORING INC
CONTRIBUTING EMPLOYER
-
CE KORSGARD CO
CONTRIBUTING EMPLOYER
-
CERTIFIED INSTALLATIONS
CONTRIBUTING EMPLOYER
-
CHICAGO POOLS INC
CONTRIBUTING EMPLOYER
-
CLASSIC FLOORING INC
CONTRIBUTING EMPLOYER
-
COBA TILE INC
CONTRIBUTING EMPLOYER
-
COMMERCIAL CARPENTRY MANAGEMENT LLC
CONTRIBUTING EMPLOYER
-
COMMERCIAL FLOORING SERVICE
CONTRIBUTING EMPLOYER
-
CONTRACT FLOORING SERVICE
CONTRIBUTING EMPLOYER
-
D INSTALLATIONS LLC
CONTRIBUTING EMPLOYER
-
DICKOW-CYZAK TILE CO
CONTRIBUTING EMPLOYER
-
DOUGLAS FLOOR COVERING INC
CONTRIBUTING EMPLOYER
-
DTI OF ILLINOIS
CONTRIBUTING EMPLOYER
-
ESCORZA TILE INC
CONTRIBUTING EMPLOYER
-
FIVE STAR TILE INC
CONTRIBUTING EMPLOYER
-
G&S TILE PROS INC
CONTRIBUTING EMPLOYER
-
GRANITE INNOVATIONS INC
CONTRIBUTING EMPLOYER
-
HETZEL TILE & MARBLE
CONTRIBUTING EMPLOYER
-
HRC MARBLE LLC
CONTRIBUTING EMPLOYER
-
ICC - INTERNATIONAL CERAMIC
CONTRIBUTING EMPLOYER
-
INNOVATED FLOORING
CONTRIBUTING EMPLOYER
-
INTEGRAL FLOORING SYSTEM INC
CONTRIBUTING EMPLOYER
-
INTERIOR INSTALLATION SVC
CONTRIBUTING EMPLOYER
-
INTER-LAYER CORPORATION
CONTRIBUTING EMPLOYER
-
ITALIAN MARBLE & GRANITE
CONTRIBUTING EMPLOYER
-
J & M TILE
CONTRIBUTING EMPLOYER
-
JOHN CARRETTI & COMPANY
CONTRIBUTING EMPLOYER
-
JOHNSON FLOOR CO
CONTRIBUTING EMPLOYER
-
KAZMER TILE & STONE INC
CONTRIBUTING EMPLOYER
-
KINGSTON TILE
CONTRIBUTING EMPLOYER
-
KRAFTEX FLOOR CORP
CONTRIBUTING EMPLOYER
-
LIBERTYVILLE TILE & CARPET
CONTRIBUTING EMPLOYER
-
LOWERY TILE CO
CONTRIBUTING EMPLOYER
-
MAVERICK POOLS INC
CONTRIBUTING EMPLOYER
-
MENCONI TERRAZZO
CONTRIBUTING EMPLOYER
-
MJH INTERIORS INC
CONTRIBUTING EMPLOYER
-
NORTHERN IL TERRAZZO & TILE
CONTRIBUTING EMPLOYER
-
NU VETERANS CONSTRUCTION SVCS INC
CONTRIBUTING EMPLOYER
-
PEKO TILE INC
CONTRIBUTING EMPLOYER
-
PREMIER TILE & STONE INC
CONTRIBUTING EMPLOYER
-
PRINCETON TECHNICAL SERVICES INC
CONTRIBUTING EMPLOYER
-
QC ENTERPRISES INC
CONTRIBUTING EMPLOYER
-
QUALITY CUSTOM INSTALL INC
CONTRIBUTING EMPLOYER
-
READY TILE LLC
CONTRIBUTING EMPLOYER
-
REGAL BUILDERS LLC
CONTRIBUTING EMPLOYER
-
REGENCY TILE INC
CONTRIBUTING EMPLOYER
-
RESCH'S TILE INC
CONTRIBUTING EMPLOYER
-
RICCHIO MARBLE & TILE
CONTRIBUTING EMPLOYER
-
ROCK RIVER VALLEY FLOORING
CONTRIBUTING EMPLOYER
-
ROCKFORD CENTRAL TILE & TERRAZZO
CONTRIBUTING EMPLOYER
-
ROYAL TILE INSTALLATIONS INC
CONTRIBUTING EMPLOYER
-
SCHLEIS FLOOR COVERING
CONTRIBUTING EMPLOYER
-
SPECIALTY BUILDERS INC
CONTRIBUTING EMPLOYER
-
STONE INSTALLATION & MAINTENANCE INC
CONTRIBUTING EMPLOYER
-
SUBURBAN TERRAZZO INC
CONTRIBUTING EMPLOYER
-
SUPERIOR FLOOR COVERING INC
CONTRIBUTING EMPLOYER
-
TREV TILE INC
CONTRIBUTING EMPLOYER
-
TROSTRUD MOSAIC & TILE CO
CONTRIBUTING EMPLOYER
-
URBAN TILE & CARPET CORP
CONTRIBUTING EMPLOYER
-
IMI
CONTRIBUTING EMPLOYER
-
KIMS TILE AND MARBLE LLC
CONTRIBUTING EMPLOYER
-
MTB FLOORING INC
CONTRIBUTING EMPLOYER
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403119349302920
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