Ironworkers St Louis District Council Welfare Plan
- Assets
- $76.4m
- Revenue
- $36.9m
- Investments
- $46.4m
- Employees
- 0
- Location
- Maryland Heights, MO
- Founding
- 04/1955
- Data as of
- 10/2020
- EIN
- 43-0684998
Organization Overview
Ironworkers St Louis District Council Welfare Plan is located in Maryland Heights, MO. The organization was established in 1955. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironworkers St Louis District Council Welfare Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 10/2020, Ironworkers St Louis District Council Welfare Plan generated $36.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $34.3m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
WELFARE BENEFIT PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL, DENTAL, VISION, PRESCRIPTION, LIFE INSURANCE, DISABILITY AND DEATH BENEFITS TO ELIGIBLE MEMBERS AND ELIGIBLE RETIREES OF THE ST. LOUIS DISTRICT COUNCIL OF IRON WORKERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Austin Secretary | OfficerTrustee | 1 | $0 |
Tom Garrett Co-Chairman | OfficerTrustee | 1 | $0 |
Dennis Hellenberg Co-Chairman | OfficerTrustee | 1 | $0 |
Tom Mcneil Exiting Co-Chairman | OfficerTrustee | 1 | $0 |
Josh Wilson Secretary | OfficerTrustee | 1 | $0 |
James Acton Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $850,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $418,896 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,946,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $32,866,719 |
| 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 | $760,517 |
| Fees for services: Legal | $75,180 |
| Fees for services: Accounting | $129,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $127,056 |
| Fees for services: Other | $202,530 |
| Advertising and promotion | $0 |
| Office expenses | $88,981 |
| 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 | $21,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $423 |
| All other expenses | $0 |
| Total functional expenses | $34,310,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,659,670 |
| Savings and temporary cash investments | $5,684,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,895,908 |
| 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 | $406,774 |
| Investments—publicly traded securities | $16,296,221 |
| Investments—other securities | $46,389,953 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,087 |
| Total assets | $76,424,092 |
| Accounts payable and accrued expenses | $1,719,638 |
| 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 | $915,809 |
| Total liabilities | $2,635,447 |
| 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 |
| Total liabilities and net assets/fund balances | $73,788,645 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seiu Local 1 & Participating Employers Health Trust Chicago, IL | $156,543,336 | $132,715,763 |
Hyatt Corporation Welfare Benefit Trust Chicago, IL | $6,191,969 | $127,454,104 |
Kindred Operating Inc Benefit Trust Louisville, KY | $0 | $114,052,809 |
Olin Employees Benefit Association Trust Clayton, MO | $9,540,806 | $107,158,504 |
Seiu Healthcare Il Home Care & Child Care Fund Chicago, IL | $235,309,739 | $118,872,167 |
Kraft Foods Global Inc Retiree Health And Life Benefit Tr Chicago, IL | $1,155,325,144 | $69,120,518 |
Teamsters & Employers Welfare Trust Of Illinois Earth City, MO | $101,818,713 | $113,173,281 |
Automobile Mechanics-701 Union And Industry Welfare Fund-Trust Burr Ridge, IL | $251,648,514 | $107,015,909 |
National Board Of Ymca Employee Benefit Trust Chicago, IL | $37,583,698 | $83,776,536 |
Federal Express Corporation Wage Continuation Trust Collierville, TN | $1,372,581 | $82,936,752 |
Mcmaster-Carr Supply Co Employees Welfare Tr Elmhurst, IL | $451,957,330 | $124,315,819 |
Exxon Mobil Master Welfare Benefit Trust Chicago, IL | $112 | $87,541,130 |