Skip to content
Nonprofiteer
← I A T S E-3 WELFARE FUND

Form 990 for tax year 2023

Filed by I A T S E-3 WELFARE FUND.

Totals

Total revenue
$1,146,839
Total expenses
$900,639
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,020,786
Investment income
$126,053
Other revenue
$0
Total assets, end of year
$3,726,325
Total liabilities, end of year
$442
Net assets or fund balances, end of year
$3,725,883
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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/EMPLOYEE CONTRIB

    total $1,020,786 · related or exempt $1,020,786

  • 3 · Investment income

    total $122,863 · excluded $122,863

  • 7a · Gross sales of assets other than inventory

    securities $272,984

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

    securities $269,794

  • 7c · Gain or loss

    securities $3,190

  • 7d · Net gain or loss

    total $3,190 · related or exempt $3,190

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $820,073

  • 11b · Fees: legal

    total $314

  • 11c · Fees: accounting

    total $7,200

  • 11f · Fees: investment management

    total $13,589

  • 11g · Fees: other

    total $52,152

  • 13 · Office expenses

    total $100

  • 19 · Conferences, conventions and meetings

    total $3,225

  • 23 · Insurance

    total $3,341

  • 24a · Other expenses: ACA FEES

    total $645

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $297,645 · end of year $39,739

  • 2 · Savings and temporary cash investments

    beginning of year $88,274 · end of year $134,140

  • 4 · Accounts receivable

    beginning of year $234,126 · end of year $437,225

  • 11 · Investments: publicly traded securities

    beginning of year $2,669,487 · end of year $3,115,221

  • 17 · Accounts payable and accrued expenses

    end of year $442

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,289,532 · end of year $3,725,883

Mission and programs · 2023

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO UNION MEMBERS

  • I.A.T.S.E. LOCAL 3 WELFARE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO MEMBERS OF I.A.T.S.E. LOCAL 3

  • I.A.T.S.E. LOCAL 3 WELFARE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO MEMBERS OF I.A.T.S.E. LOCAL 3

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

Listed in Part VII

  • KENNETH R BRANNIGAN III

    TRUSTEE

    Total calculated
    $0

  • HARRISON MULLINS

    TRUSTEE

    Total calculated
    $0

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.

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 partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.0
Source object
202423189349306537

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.