International Brohood-Boilermakers Lodge 1 Supp Unemp Benefit Fund
- Assets
- $10.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 192
- Location
- St Charles, IL
- Founding
- 04/1984
- Data as of
- 06/2023
- EIN
- 23-7046358
Organization Overview
International Brohood-Boilermakers Lodge 1 Supp Unemp Benefit Fund is located in St Charles, IL. The organization was established in 1984. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2023, International Brohood-Boilermakers Lodge 1 Supp Unemp Benefit Fund employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Brohood-Boilermakers Lodge 1 Supp Unemp Benefit Fund is a 501(c)(17) and as such, is described as a "Supplemental Unemployment Benefit Trust" by the IRS.
For the year ending 06/2023, International Brohood-Boilermakers Lodge 1 Supp Unemp Benefit Fund generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE PARTICIPANTS WITHIN THE JURISDICTION OF THE IBB LOCAL LODGE NO. ONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS FOR ELIGIBLE PARTICIPANTS WITHIN THE JURISDICTION OF IBB LOCAL LODGE NO. ONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Reynolds Employer Trustee | Trustee | 1 | $0 |
Edward Hoveke Past Employer Trustee | Trustee | 1 | $0 |
Robert C Gabrysiak Employer Trustee | Trustee | 1 | $0 |
Justin Gustafson Union Trustee | Trustee | 1 | $0 |
Eric Davis Union Trustee | Trustee | 1 | $0 |
John Riel Union Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $995,144 |
| Investment income | $322,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,298,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,058,814 |
| Compensation of current officers, directors, key employees. | $20,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,600 |
| Fees for services: Accounting | $24,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,651 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,245 |
| Information technology | $2,879 |
| Royalties | $0 |
| Occupancy | $6,959 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,579 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134 |
| Insurance | $13,609 |
| All other expenses | $0 |
| Total functional expenses | $1,388,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,398 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,253 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,756 |
| Net Land, buildings, and equipment | $1,203 |
| Investments—publicly traded securities | $10,005,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,490 |
| Total assets | $10,202,427 |
| Accounts payable and accrued expenses | $27,920 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,850 |
| Total liabilities | $64,770 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $10,137,657 |
| Total liabilities and net assets/fund balances | $10,202,427 |