Cause IQ organization profile

Structural Iron Workers Local 1 Welfare Fund

Form 990s | Financials | Vendors | Personnel | Peers

Structural Iron Workers Local 1 Welfare Fund is a health or welfare fund based in Forest Park, IL that was founded in 1951. As of 2018 they had $39 million in revenue and $61 million in assets.

To provide participants and their beneficiaries benefits as described in the plan document. The plan provides medical, dental, optical, hearing aids, disability and death benefits to eligible participants and their beneficiaries. To provide participan...

Forest Park, IL
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations

Form 990s for Structural Iron Workers Local 1 Welfare Fund

Fiscal year endingDate received by IRSFormPDF link
2017-12Feb 21, 2019990 PDF
2016-12Dec 27, 2017990O PDF
2015-12Feb 27, 2017990O PDF
2014-12Feb 5, 2016990O PDF
2013-12Nov 24, 2014990O PDF
...and four more Form 990 PDFs

Financials for Structural Iron Workers Local 1 Welfare Fund


Federated campaigns$0
Membership dues$0
Fundraising event contributions$0
Related organizations$0
Government grants (contributions)$0
Normal grants, contributions, etc.$0
Non-cash contributions$0
Program services$37,538,880
Investment income and dividends$1,429,057
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$135,844
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$215,180
Total revenues$39,318,961


Grants to govts. and orgs. in USA$0
Grants to individuals in USA$0
Grants to govts., orgs., and individuals outside USA$0
Benefits paid to or for members$39,764,213
Compensation of current officers, etc.$0
Compensation not included above, to disqualified persons$0
Non-officer salaries and wages$0
Pension/retirement accruals and contributions$0
Other employee benefits$0
Payroll taxes$0
Management fees$0
Legal fees$150,084
Accounting fees$69,900
Lobbying fees$0
Pro. fundraising fees$0
Investment mgmt fees$88,113
Other fee-for-service$105,654
Advertising and promotion$0
Office expenses$12,812
Information tech. expenses$0
Royalty expenses$0
Public official travel and entertainment$0
Conferences, meetings, etc.$3,567
Payments to affiliates$0
Depreciation, amortization, etc.$0
All other expenses$204,168
Total expenses$40,449,317


Cash (non-interest-bearing)$3,281,972
Savings, short-term investments, etc.$18,316
Pledges and grants receivable$0
Accounts receivable$3,078,649
Loans receivable from officers, directors, etc.$0
Loans receivable from other disqualified persons$0
Notes and loans receivable$0
Inventories for use$0
Prepaid expenses and deferred charges$58,234
Buildings, equipment, etc. post-depreciation$0
Investments, publicly traded securities$11,325,619
Investments, other securities$43,335,304
Investments, program-related$0
Intangible assets$0
Other assets$245,033
Total assets$61,343,127


Accounts payable and accrued expenses$233,807
Grants payable$0
Deferred revenue$0
Tax-exempt bond liabilities$0
Escrow or custodial account liability$0
Loans payable to officers and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other liabilities$33,999,600
Total liabilities$34,233,407

Net asset restrictions

Unrestricted net assets$0
Temporarily restricted net assets$0
Permanently restricted net assets$0

Performance indicators

Total margin-2.9%
Working capital$6,203,364
Current assets$6,437,171
Current liabilities$233,807
Days cash on hand29 days
Acid test liquidity ratio27.28

Vendors for Structural Iron Workers Local 1 Welfare Fund

VendorServicesAmount paidDate
KimbiaFundraising software2019-02-19
███████ ███ ████Fundraising software; Payment processing2019-02-19
███████ ███ ██████ ███Tax accounting; Audit accounting; Accounting (including auditing)$42,8252019-02-12
█████████ ████████Software2018-06-17
█████ ██████████████ ███Claims Processing$461,3652017-12-01
██████ ██████████ ████████Wellness Services; $116,7372017-12-01
████ █████ ████ ██████Claims processing$878,9532016-12-31
████ ████████ ███Copying and duplicating$17,7242016-12-31
...and 12 more vendors

Personnel at Structural Iron Workers Local 1 Welfare Fund

NameTitleCompensationMost recent data
Craig SatalicPresident and Business Manager$0Jan. 4, 2019
████ ██████Fund Representative-Feb. 12, 2019

Peer health and welfare funds

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9Board of Trustees of IBEW Local 1 Health and Welfare Fund501(c)(9)$64 millionSt Louis, MO
10Tulsa FOP 93 Health & Welfare Trust501(c)(9)$11 millionTulsa, OK
11Baptist Memorial Medical Ministries Employee Health and Welfare Trust501(c)(9)$136 millionMemphis, TN
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14Division 1181 Atu - New York Welfare Fund501(c)(9)$94 millionValley Stream, NY
15Eighth District Electrical Benefit Fund501(c)(9)$76 millionSalt Lake City, UT
16Pointers Cleaners and Caulkers Welfare Fund501(c)(9)$17 millionRego Park, NY
17Uniformed Firefighters Association of Greater New York501(c)(9)$35 millionNew York, NY
18Teamsters Local Union 856 Health and Welfare Fund501(c)(9)$63 millionSeattle, WA
19Public Safety Emp Association Health and Welfare Trust501(c)(9)$13 millionSeattle, WA
20IBEW Local Union 375 Electricians Welfare Fund501(c)(9)$12 millionAllentown, PA
21Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust501(c)(9)$12 millionTulsa, OK
22Social Service Employees Union Local 371 Welfare Fund501(c)(9)$18 millionNew York, NY
23International Longshoremen's Associ (Afl-Cio) Employers' Welfare Fund501(c)(9)$19 millionMiami, FL
24Mondelez Global LLC Group Benefit Trust I501(c)(9)$124 millionNew York, NY
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