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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tom Garrett Co-Chairman | OfficerTrustee | 1 | $0 |
Shane Austin Secretary | OfficerTrustee | 1 | $0 |
Tom Mcneil Exiting Co-Chairman | OfficerTrustee | 1 | $0 |
Dennis Hellenberg Co-Chairman | OfficerTrustee | 1 | $0 |
Josh Wilson Secretary | OfficerTrustee | 1 | $0 |
Stuart Rendleman Trustee | Trustee | 1 | $0 |
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 |
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 |