Ironworkers St Louis District Council Welfare Plan in Itasca, Illinois (IL)

Table of contents:

Organization representatives - add corrected or new information about Ironworkers St Louis District Council Welfare Plan »

Non-representatives - add comments about Ironworkers St Louis District Council Welfare Plan»

Ironworkers St Louis District Council Welfare Plan
Employer Identification Number (EIN)430684998
Name of OrganizationIronworkers St Louis District Council Welfare Plan
Address333 W Pierce Rd 410, Itasca, IL 60143
ActivitiesEmployee or member welfare association
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date04/1955
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period10/2008
Assets$10,000,000 to $49,999,999
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$38,254,741
Amount of Income$68,721,901
Form 990 Revenue Amount$40,071,868
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Voluntary Employees Beneficiary Associations (Non-Government)



Amount of income in 2008: $68,721,901
Ironworkers St Louis District Council Welfare Plan:  $68,721,901
Other organizations performing similar types of work:  $15,312,488

Assets in 2008: $38,254,741
This organization:  $38,254,741
Other organizations performing similar types of work:  $11,778,407

Expenses in 2006: $26,360,195
This organization:  $26,360,195
Other organizations performing similar types of work:  $9,675,875

Income to expenses ratio in 2006: 1.3
This organization:  1.3
Other organizations performing similar types of work:  1.0

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420052006
Total revenue$19,400,038$19,634,417$19,424,727$23,191,430$26,918,360$29,087,149$33,439,867
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0
Contributions to donor advised funds$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$18,014,081$18,851,453$19,064,432$22,521,345$26,094,014$27,954,143$32,460,326
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$946,190$0$429,902$303,884$0$0$26,534
Dividends and interest from securities$0$756,543$0$0$330,272$514,488$725,709
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$439,767$26,421$-69,607$366,201$494,074$618,518$227,298
Gross amount from sales of assets other than inventory$24,009,561$19,393,360$20,162,793$12,617,728$14,142,181$30,184,918$26,114,923
Less: cost or other basis and sales expenses$23,569,794$19,366,939$20,232,400$12,251,527$13,648,107$29,566,400$25,887,625
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Total expenses$20,277,522$25,535,404$23,196,279$22,589,739$22,824,247$24,481,645$26,360,195
Program services$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$23,237,337$16,296,332$13,108,173$13,471,715$17,442,590$21,929,525$30,193,337
Excess or (deficit) for the year$-877,484$-5,900,987$-3,771,552$601,691$4,094,113$4,605,504$7,079,672
Net assets or fund balances at beginning of year$24,700,420$23,237,337$16,296,332$13,108,173$13,471,715$17,442,590$21,929,525
Other changes in net assets or fund balances$-585,599$-1,040,018$583,393$-238,149$-123,238$-118,569$1,184,140
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$26,360,195$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$25,630,497
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$14,415$0$0$0
Legal fees$34,500$0$0$0
Supplies$0$0$0$0
Telephone$689$0$0$0
Postage and shipping$29,567$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$16,726$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$7,018$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$626,783$0$0$0
Balance Sheets
2000200120022003200420052006
Total assets$23,593,153$16,777,728$13,357,868$13,888,209$18,062,274$22,485,377$31,938,970
Cash - non-interest-bearing$1$0$0$0$0$0$0
Savings and temporary cash investments$1,956,769$1,106,802$2,187,652$3,831,880$5,605,054$4,358,203$2,746,302
Accounts receivable less allowance for doubtful accounts$1,818,153$1,694,592$1,817,899$2,089,242$2,598,028$2,515,719$2,125,745
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$1,011,635$0$794,873$0$0$0
Investments - publicly-traded securities$27,066,923
Investments - other securities$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$19,818,230$12,964,699$9,352,317$7,172,214$9,859,192$15,611,455$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Other assets, including program-related investments$0$0$0$0$0$0$0
Total liabilities$355,816$481,396$249,695$416,494$619,684$555,852$1,745,633
Accounts payable and accrued expenses$111,123$308,275$86,118$233,289$328,907$318,383$1,602,276
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$143,357
Other liabilities$244,693$173,121$163,577$183,205$290,777$237,469$0
Total liabilities and net assets/fund balances$23,593,153$16,777,728$13,357,868$13,888,209$18,062,274$22,485,377$31,938,970
Total net assets or fund balances$23,237,337$16,296,332$13,108,173$13,471,715$17,442,590$21,929,525$30,193,337
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420052006
Total revenue$19,400,038$19,634,417$19,424,727$23,191,430$26,918,360$29,087,149$33,439,867
Total revenue, gains, and other support per audited financial statements$18,759,220$18,571,017$19,979,451$22,932,270$26,774,256$28,930,174$34,509,384
Other expenses$-585,599$-1,040,018$583,394$2$-1$0$1,184,140
Net unrealized gains on investments$-585,599$-1,040,018$583,394$0$0$0$1,184,140
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$2$-1$0$0
Other revenue$55,219$23,382$28,670$259,162$144,103$156,975$114,623
Investment expenses$55,220$23,383$28,669$21,013$20,865$38,406$47,097
Other$-1$-1$1$238,149$123,238$118,569$67,526
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420052006
Total expenses$20,277,522$25,535,404$23,196,279$22,589,739$22,824,247$24,481,645$26,360,195
Total expenses and losses per audited financial statements$20,222,305$25,512,021$23,167,610$22,568,728$22,803,381$24,443,239$25,141,874
Other revenue$3$0$0$2$-1$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$3$0$0$2$-1$0$0
Other expenses$55,220$23,383$28,669$21,013$20,865$38,406$1,218,321
Investment expenses$55,220$23,383$28,669$21,013$20,865$38,406$47,097
Other$0$0$0$0$0$0$1,171,224
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings13
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$979,541$32,460,326
Program service revenue
Program service revenue 1000000$000$0$28,951,898
Program service revenue 2000000$000$0$3,337,138
Program service revenue 3000000$000$0$171,290
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))$26,534$0
Dividends and interest from securities000000$0Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))$725,709$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))$227,298$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
1999200020012002200320042005
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Central States Southeast & Southwest Areas Health & Welfare F9377 W Higgins Road, Rosemont, IL 60018IL1959-04$24,921,785,861
2Caterpillar Inc Grp Ins Plan Trust No 70916 Northern Trust Co TteePO BOX 804358, Chicago, IL 60680-4105IL1971-01$2,126,419,843
3Midwest Operating Engineers Welfare Fund6150 Joliet Rd, Countryside, IL 60525-3956IL1955-03$854,134,831
4Line Construction Benefit Fund2000 Springer Dr, Lombard, IL 60148-6402IL1964-06$828,536,172
5Caterpillar Inc Sub & Grp Ins Tr A100 Ne Adams St Ab4250, Peoria, IL 61629-0001IL1966-01$635,302,388
6Hotel & Restaurant Employees International Union Welfare Fund, H E R E Intl Union Welfare Fund711 North Commons Drive, Aurora, IL 60504IL1974-08$633,982,405
7Chicago District Council Of Carpenters Welfare Fund12 East Erie Street, Chicago, IL 60611-2795IL1956-06$595,466,336
8International Truck And Engine Corp Retiree Health Benefit TrustPO BOX 804358, Chicago, IL 60680-4105IL1994-09$590,657,740
9Chicago Hospital Council Employee Benefit Plan222 S Riverdale Plaza 19 Fl, Chicago, IL 60606IL$582,346,459
10Exelon Corporation Employees Benefit Trust For Union EmployeesPO BOX 804358, Chicago, IL 60680-4105IL1996-03$451,488,918
11Automobile Mechanics-701 Union And Industry Welfare Fund-Trust500 W Plainfield Rd, Countryside, IL 60525-3582IL1958-10$405,566,260
12Abbott Laboratories Health Care Trust100 Abbott Park Rd, Abbott Park, IL 60064-3502IL1994-01$142,139,525
13Archer-Daniels-Midland Co Voluntary Employees Beneficiary Trust4666 Faries Pkwy, Decatur, IL 62526-5630IL1987-12$131,139,457
14Bechtel Employees Disability And Medical Benefit TrustPO BOX 804358, Chicago, IL 60680-4105IL1971-06$123,294,605
15Aon Benefit Plan200 E Randolph St, Chicago, IL 60601-6436IL1984-06$99,116,930
16Amsted Industries Employees Beneficiary Association Tr180 N Stetson Ave Ste 1800, Chicago, IL 60601-6808IL1976-06$57,441,147
17Automatic Sprinkler-281 U A Welfare Fund11900 S Laramie Ave, Alsip, IL 60803-3125IL1954-11$25,053,490
18Bhem Affiliated Institutions Employees Medical Plan Trust-200 S Wacker Dr Suite 1000, Chicago, IL 60606IL1990-05$22,506,311
19Arco Employee Welfare Benefit TrustChicago, IL 60601IL$14,805,375
20Blue Cross & Blue Shield Associatn National Long Term Disability Tr225 North Michigan Avenue, Chicago, IL 60601-7757IL$13,333,386
21Allied Services Division Welfare Fund53 W Seegers Rd, Arlington Hts, IL 60005-3916IL1972-12$12,235,548
22Abbott Laboratories Employee Benefit Trust100 Abbott Park Rd D367 Ap6d, Abbott Park, IL 60064-3502IL1972-11$12,093,797
23Abbott Laboreties Employee Insurance Trust100 Abbott Park Rd D367 Ap6d, Abbott Park, IL 60064IL1993-07$10,834,393
24Beverage Industry Employers-744 Health & Welfare Trust Fund300 S Ashland Ave Ste 201, Chicago, IL 60607-2746IL1958-10$10,124,007
25Agc Health Plan Of IllinoisPO BOX 1068, Decatur, IL 62525-1068IL1964-07$8,854,321
26Arthur Andersen And Co Benefit Trust801 S Canal St C3s, Chicago, IL 60607-4715IL1988-02$6,168,159
27Allied Corp Voluntary Beneficiary Assoc Master Pension Trust801 S Canal St C3s, Chicago, IL 60607-4515IL1976-03$2,038,222
28Bhem Affiliated Institutions Emply Medical Plan Trust200 S Wacker Dr Suite 1000, Chicago, IL 60606IL1988-11$1,286,925
29Bethune Cookman College Employees Medican Plan & Trust200 S Wacker Dr Suite 1000, Chicago, IL 60606IL1984-07$911,844
30Automotive Parts & Service Association, Illinois Group Insurance Fund6450 S Sixth St Rd, Springfield, IL 62712IL1968-06$41,955
Number of organizations performing similar types of work
Alaska5
Alabama13
Arkansas5
Arizona12
California213
Colorado20
Connecticut40
District of Columbia24
Delaware9
Florida35
Georgia46
Hawaii21
Iowa24
Idaho5
Illinois228
Indiana43
Kansas18
Kentucky23
Louisiana9
Massachusetts80
Maryland55
Maine4
Michigan95
Minnesota82
Missouri70
Mississippi5
Montana7
North Carolina47
North Dakota7
Nebraska12
New Hampshire6
New Jersey126
New Mexico2
Nevada19
New York323
Ohio120
Oklahoma13
Oregon39
Pennsylvania199
Rhode Island20
South Carolina7
South Dakota2
Tennessee41
Texas119
Utah16
Virginia31
Vermont1
Washington64
Wisconsin58
West Virginia11
Wyoming1
Total2,475

faqs.org is not associated with, endorsed by, or sponsored by Ironworkers St Louis District Council Welfare Plan and has no official or unofficial affiliation with Ironworkers St Louis District Council Welfare Plan