Architectural Iron Workers Of Chicago Industry Advancement Trust
- Assets
- $452.2k
- Revenue
- $141.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1983
- Data as of
- 05/2024
- EIN
- 36-6761938
Organization Overview
Architectural Iron Workers Of Chicago Industry Advancement Trust is located in Chicago, IL. The organization was established in 1983. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Architectural Iron Workers Of Chicago Industry Advancement Trust is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2024, Architectural Iron Workers Of Chicago Industry Advancement Trust generated $141.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $196.6k during the year ending 05/2024. While expenses have increased by 7.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ARCHITECTURAL IRON INDUSTRY ADVANCEMENT TRUST FUND IS A TRUST FUND SET UP BETWEEN THE UNION (IRONWORKERS LOCAL 63) AND THE IRON LEAGUE OF CHICAGO TO PROMOTE THE ARCHITECTURAL AND ORNAMENTAL IRON INDUSTRY AND ENHANCE THE QUALITY OF WORK PERFORMED UNDER THE AGREEMENT BETWEEN LOCAL 63 AND THE IRON LEAGUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARCHITECTURAL IRON INDUSTRY ADVANCEMENT TRUST FUND (A.I.I.) ADVANCES ITS MISSION BY PARTICIPATING IN ACTIVITIES: 1) A.I.I. HOLDS EDUCATIONAL SEMINARS TO TEACH MEMBERS ABOUT INDUSTRY TOPICS. 2) A.I.I. HOSTS ACTIVITIES TO PROMOTE THE ORNAMENTAL IRON INDUSTRY. 3) A.I.I. PROVIDES SCHOLARSHIPS TO CHILDREN OF LOCAL #63 IRONWORKERS AND CHILDREN WHOSE PARENTS ARE EMPLOYED BY CONTRACTORS TO THE FUND. 4) A.I.I. PROVIDES PARTIAL REIMBURSEMENT TO MEMBER COMPANIES WHO PAY FOR TRAINING FOR THEIR EMPLOYEES. 5) A.I.I. HOLDS SAFETY TRAINING SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Wasielewski President | OfficerTrustee | 1 | $0 |
Mark Kleinschmidt Vice President | OfficerTrustee | 1 | $0 |
Jason Chipules Secretary/treasurer | OfficerTrustee | 1 | $0 |
Lou Belletini Director | Trustee | 1 | $0 |
Craig Cwik Director | Trustee | 1 | $0 |
Max Dowd Director | 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 | $91,562 |
| Investment income | $11,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,580 |
| Grants and other assistance to domestic individuals. | $47,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $34,800 |
| Fees for services: Legal | $174 |
| Fees for services: Accounting | $3,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,863 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,564 |
| All other expenses | $4,155 |
| Total functional expenses | $196,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,079 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $423,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $452,214 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $452,214 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $452,214 |
Grants Awarded
Over the last fiscal year, Architectural Iron Workers Of Chicago Industry Advancement Trust has awarded $15,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HIRE360 CHICAGO PURPOSE: TO HELP PROVIDE INDUSTRY OPPORTUNITIES FOR DISADVANTAGED PEOPLE | $10,000 |
CHICAGO WOMEN IN TRADES PURPOSE: TO HELP SUPPORT AND TRAIN WOMEN WHO WANT TO GO INTO THE TRADES | $5,600 |