STRATEGY STUDIO / PUBLIC DATA EXPLORER

IRON WORKERS LOCALS 40 361 & 417 WELFARE FUND: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
IRON WORKERS LOCALS 40 361 & 417 WELFARE FUND (EIN 13-5622663)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-08
IRS object ID
202403139349303765
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-08T14:20:14-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN131577780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHULTHEIS & PANETTIERI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1450 WIRELESS BLVDAddressLine1Txt
CityHAUPPAUGECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11788ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN135622663EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IRON WORKERS LOCALS 40 361 & 417 HEALTHBusinessNameLine1Txt
Business Name Line2FUNDBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlIRONBusinessNameControlTxt
Phone2126841586PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1451 PARK AVE SOUTHAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL D DOYLEPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2126841586PhoneNum
Signature2024-11-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCAROL WESTFALLPreparerPersonNm
PTINP00539069PTIN
Phone6312734778PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRIAN J SABBAGHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1451 PARK AVE SOUTHAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$259,081,613GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.IWUSF.NETWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1948FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee19TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$117,613,900PYProgramServiceRevenueAmt
CY Program Service Revenue$108,279,862CYProgramServiceRevenueAmt
PY Investment Income$2,333,219PYInvestmentIncomeAmt
CY Investment Income$3,637,394CYInvestmentIncomeAmt
PY Other Revenue$39,357PYOtherRevenueAmt
CY Other Revenue$167,526CYOtherRevenueAmt
PY Total Revenue$119,986,476PYTotalRevenueAmt
CY Total Revenue$112,084,782CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$114,311,353PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$106,575,288CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,304,820PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,193,472CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,670,085PYOtherExpensesAmt
CY Other Expenses$77,145CYOtherExpensesAmt
PY Total Expenses$119,286,258PYTotalExpensesAmt
CY Total Expenses$110,845,905CYTotalExpensesAmt
PY Revenues Less Expenses$700,218PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,238,877CYRevenuesLessExpensesAmt
Total Assets BOY$207,404,664TotalAssetsBOYAmt
Total Assets EOY$215,251,956TotalAssetsEOYAmt
Total Liabilities BOY$34,516,577TotalLiabilitiesBOYAmt
Total Liabilities EOY$31,673,254TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$172,888,087NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$183,578,702NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2602IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee19EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBRIAN J SABBAGHPersonNm
Phone2126841586PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1451 PARK AVE SOUTHAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JAKE BIDOSKY
EMPLOYER TRUSTEE0.500.50Yes (X)$0$0$0
STEVE ISAACSON
EMPLOYER TRUSTEE - THRU 5/230.500.50Yes (X)$0$0$0
GORD LEDER
EMPLOYER TRUSTEE - EFF 9/230.500.50Yes (X)$0$0$0
ROBERT SAMELA
EMPLOYER TRUSTEE0.500.50Yes (X)$0$0$0
DAVID PISACRITA
EMPLOYER TRUSTEE0.500.50Yes (X)$0$0$0
ALAN SEIDMAN
EMPLOYER TRUSTEE0.500.50Yes (X)$0$0$0
DANIEL TEUTUL
EMPLOYER TRUSTEE0.500.50Yes (X)$0$0$0
TERRY FLYNN
EMPLOYER TRUSTEE0.500.50Yes (X)$0$0$0
ROBERT WEISS
EMPLOYER TRUSTEE0.500.50Yes (X)$0$0$0
DANIEL DOYLE
UNION TRUSTEE0.500.50Yes (X)$0$0$0
MICHAEL GAYDOS
UNION TRUSTEE0.500.50Yes (X)$0$0$0
JOHN CUSH
UNION TRUSTEE0.500.50Yes (X)$0$0$0
CHRISTOPHER WALSH
UNION TRUSTEE0.500.50Yes (X)$0$0$0
ROBERT JOHNSON
UNION TRUSTEE - EFF 09/230.500.50Yes (X)$0$0$0
KEITH EISGRUBER
UNION TRUSTEE0.500.50Yes (X)$0$0$0
MATTHEW P STODDARD
UNION TRUSTEE0.500.50Yes (X)$0$0$0
ANTHONY DEBLASIE
UNION TRUSTEE0.500.50Yes (X)$0$0$0
MATTHEW CHARTRAND
UNION TRUSTEE0.500.50Yes (X)$0$0$0
ROBERT WALSH
UNION TRUSTEE - THRU 09/230.500.50Yes (X)$0$0$0
BRIAN J SABBAGH
FUND ADMINISTRATOR35.005.00$242,055$0$136,877Yes (X)
IAN CHAN
EMPLOYEE35.005.00$215,577$0$67,155Yes (X)
JOHN DELANEY
EMPLOYEE35.005.00$209,508$0$136,877Yes (X)
JIM DUFFICY
EMPLOYEE35.005.00$194,152$0$136,877Yes (X)
ELSIE O'NEILL
EMPLOYEE35.005.00$193,825$0$136,877Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,055,117TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$614,663TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K9IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
JOINT MULTI SERVICE ASSOCIATES LTD
89 JOSEPH AVENUESTATEN ISLANDNY10304ACCOUNTING$316,000
SEGAL CONSULTANTS
333 WEST 34TH STREETNEW YORKNY10001ACTUARIAL$284,060
COLLERAN O'HARA & MILLS LLP
100 CROSSWAYS PARK DR W 200WOODBURYNY11797LEGAL$269,082
BANK OF NEW YORK MELLON
240 GREENWICH STREETNEW YORKNY10286INV CUST/MANAGER$230,594
WESTERN ASSET MANAGEMENT CO
620 8TH AVENUE 50TH FLOORNEW YORKNY10018INVESTMENT MANAGER$207,241
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PARTICIPANT CONTRIBUTIONS238900$62,015,642$62,015,642
EMPLOYER CONTRIBUTIONS238900$46,264,220$46,264,220
FieldValueIRS element (for citing)
Total Program Service Revenue$108,279,862TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,144,324TotalRevenueColumnAmt
Exclusion$5,144,324ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$145,489,901SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$146,996,831SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$1,506,930SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,506,930TotalRevenueColumnAmt
Exclusion-$1,506,930ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescCOLLECTION, INT, LIQ & SETTLEMENTDesc
Business238900BusinessCd
Total Revenue Column$167,526TotalRevenueColumnAmt
Related Or Exempt Func Income$167,526RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$167,526OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$112,084,782TotalRevenueColumnAmt
Related Or Exempt Func Income$108,447,388RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$3,637,394ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$106,575,288TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,364,799TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$926,303TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$721,425TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$180,945TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$284,332TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$434,716TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$584,783TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$289,565TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$270,972TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$282,091TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$573,239TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$60,464TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$60,740TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$421,778TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmt
AUTO$22,797
REIMB FROM RELATED-$3,208,332

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$110,845,905TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$22,576,169BOYAmt
EOY$2,537,314EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$11,265,570BOYAmt
EOY$29,038,975EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,965,672BOYAmt
EOY$8,348,947EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$154,452BOYAmt
EOY$154,452EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,553,876LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,428,379LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$118,587BOYAmt
EOY$125,497EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$172,204,162EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$161,516,015BOYAmt
EOY$170,901EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$6,808,199BOYAmt
EOY$2,671,708EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$207,404,664BOYAmt
EOY$215,251,956EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$26,716,582BOYAmt
EOY$620,328EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,799,995BOYAmt
EOY$31,052,926EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$34,516,577BOYAmt
EOY$31,673,254EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$172,888,087BOYAmt
EOY$183,578,702EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$172,888,087BOYAmt
EOY$183,578,702EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$207,404,664BOYAmt
EOY$215,251,956EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,238,877ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$9,451,738NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,526,156OtherCostOrOtherBasisAmt
Depreciation$2,419,909DepreciationAmt
Book Value$106,247BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,720OtherCostOrOtherBasisAmt
Depreciation$8,470DepreciationAmt
Book Value$19,250BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$125,497TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
DUE TO RELATED ORGANIZATIONS$5,706,597
NET TRADES PENDING SETTLEMENT$837,530
OPERATING LEASE LIABILITY$2,892,429
CLAIMS PAYABLE AND IBNR$21,616,370
FieldValueIRS element (for citing)
Total Liability$31,052,926TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$120,951,737TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$9,451,738NetUnrealizedGainsInvstAmt
Revenue Not Reported$9,451,738RevenueNotReportedAmt
Revenue Subtotal$111,499,999RevenueSubtotalAmt
Investment Expenses Not Incld$584,783InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$584,783RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$112,084,782TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$115,172,222TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$115,172,222ExpensesSubtotalAmt
Investment Expenses Not Incld2$584,783InvestmentExpensesNotIncld2Amt
Other Expenses Not Included-$4,911,100OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt-$4,326,317ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$110,845,905TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART XII, LINE 4B - OTHER ADJUSTMENTS:FormAndLineReferenceDesc
ExplanationCHANGE IN IBNR -4,911,100.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BRIAN J SABBAGH
FUND ADMINISTRATOR$242,055$0$0$0$0$0$70,026$0$66,851$0$378,932$0$0$0
IAN CHAN
EMPLOYEE$215,577$0$0$0$0$0$39,500$0$27,655$0$282,732$0$0$0
JOHN DELANEY
EMPLOYEE$209,508$0$0$0$0$0$70,026$0$66,851$0$346,385$0$0$0
JIM DUFFICY
EMPLOYEE$194,152$0$0$0$0$0$70,026$0$66,851$0$331,029$0$0$0
ELSIE O'NEILL
EMPLOYEE$193,825$0$0$0$0$0$70,026$0$66,851$0$330,702$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART III - ADDITIONAL INFORMATIONFormAndLineReferenceDesc
ExplanationBRIAN J. SABBAGH RECEIVED COMPENSATION AND BENEFITS IN HIS CAPACITY AS FUND ADMINISTRATOR OF THIS ENTITY AND THE RELATED ANNUITY, APPRENTICE, PENSION, AND TOPPING OUT FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THE HEALTH FUND WITH REIMBURSEMENTS MADE ACCORDINGLY. THE HEALTH FUND'S PORTION OF THESE EXPENSES IS 64% OF THE GROSS AMOUNTS DETAILED ON SCHEDULE J, PART II.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WAS PREPARED IN COORDINATION WITH THE FUND ADMINISTRATOR AND CONTROLLER WHO WORK FULL TIME FOR THE PLANS. ONCE COMPLETE, THE FORM WAS PROVIDED TO AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12CTHE PLAN MONITORS ITS CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
FORM 990, PART VI, SECTION C, LINE 19THE PLAN'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO PARTICIPANTS UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
IRON WORKERS LOCALS 40 361 & 417 PENSION FUND
451 PARK AVE SOUTHNEW YORKNY10016516102576TO PROVIDE PENSION BEN TO PARTICIPANTSNY401(A)N/AN/A0
IRON WORKERS LOCALS 40 361 & 417 ANNUITY FUND
451 PARK AVE SOUTHNEW YORKNY10016237299279TO PROVIDE ANNUITY BEN TO PARTICIPANTSNY401(A)N/AN/A0
THE TOPPING OUT FUND OF THE IRON WORKERS LOCALS 40 361 & 417
451 PARK AVE SOUTHNEW YORKNY10016133156507TO PROVIDE MEDICAL & UNEMPLOYMENT BEN TO PARTICIPANTSNY501(C)(9)N/AN/A0
IRON WORKERS LOCALS 40 & 361 APPRENTICESHIP & TRAINING FUND
35-23 36TH STREETASTORIANY11106132571023TO PROVIDE TRAINING TO PARTICIPANTSNY501(C)(3)LINE 7N/A0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

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FieldValueIRS element (for citing)
Business Name Line1SEE SCHEDULE R SUPPLEMENTAL INFORMATIONBusinessNameLine1Txt

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1SEE SCHEDULE R SUPPLEMENTAL INFORMATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, SCHEDULE R, PART II AND IVTRUSTEES LISTED ON PART VII, SECTION A, SERVE AS VOLUNTEERS AND DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION OR ANY RELATED ORGANIZATION IN THEIR CAPACITY AS TRUSTEES OF THIS ORGANIZATION. CERTAIN TRUSTEES LISTED ON PART VII, SECTION A, DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION, BUT DO RECEIVE COMPENSATION FROM IRON WORKERS LOCALS 40, 361 AND 417 UNIONS (THE UNIONS") IN THEIR CAPACITY AS EMPLOYEES/OFFICERS OF THE UNIONS. ACCORDINGLY, THEIR COMPENSATION IS REPORTED ON THE FORM 990 OF THE UNIONS. THE INFORMATION DISCLOSED ON THE ATTACHED SCHEDULE OF RELATED PARTIES IS THAT WHICH WAS AVAILABLE TO THIS ORGANIZATION AT THE TIME OF THIS FILING.
FORM 990, SCHEDULE R ATTACHMENT, RELATED ORGANIZATIONSPART III & IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIP OR CORPORATION OR TRUST. A & G DELTA A & J CRANE SERVICE A & V STEEL (AUDIT) A & V STEEL (AUDIT) PRO-METAL PS 121Q A & V STEEL AUDIT 2/5-12/23/18 305K PLUS A & V STEEL, LLC A J MCNULTY CO INC A. SERVIDONE SERVICES & SALES CORP. AAA REINFORCING LLC AALCO TRANSPORT & STORAGE INC. ABC & NY CONSTRUCTION, INC. ABC CONSTRUCTION CONTRACTING INC ABGNJ, LLC ABLE RIGGING CONTRACTORS, INC ACCESS ANVIL CORP ADAM'S EUROPEAN CONTRACTING, INC AFC SOLAR LLC AHERN PAINTING CONTRACTORS, INC AJAY GLASS & MIRROR CO., INC. ALC STEEL CORP. ALL AROUND CONTRACTING CORP. ALLBAR STEEL INC AMERICAN BRIDGE COMPANY AMERICAN IRON INC. AMERICAN STRUCTURAL WORKS, AJV ANNANDALE CONSTRUCTION CORP ANVIL IRON WORKS, INC. ARBEN GROUP, LLC ARCHER DAY INC ATLANTIC MANUFACTURING AND CONTRACTING CORP ATLAS PAINTING AND SHEETING CORP ATLAS PROFESSIONALS INC B. M. ALTER ERECTORS CORP BANGOR STEEL CORP BARNHART CRANE & RIGGING CO. BASEC CORP BD ERECTORS BEAVER CONCRETE CONSTRUCTION CO INC BERLIN STEEL CONSTRUCTION CO BIRDAIR INC BLAIR CONSTRUCTION BLAKESLEE PRESTRESS INC BMG RIGGING & HAULING BRANDSAFWAY INDUSTRIES LLC BROTHERS & COMPANY, INC. BUDCO ENTERPRISES BURGESS STEEL ERECTORS OF NEW YORK, LLC BURT CRANE & RIGGING C & H RENTALS INC. CHAMPION PAINTING SPECIALTY SERVICES CORP CHAMPION SPECIALTY SERVICES LLC CHRISTINA STEEL, INC CITY EVOLUTIONARY CONSTRUCTION, LLC COMMODORE MAINTENANCE CORP COMPOSITE TECHNOLOGY & INFRASTRUCTURE, CTI CORNELL & COMPANY INC CRESCENT BUILDING SERVICES, LLC CRYSTAL STEEL FABRICATORS D & J CONCRETE CORP D A COLLINS CONSTRUCTION CO INC DARLIND ASSOCIATES, INC. DEBORAH BRADLEY CONST. & MGMNT SVC DEFOE CORP DKM STEEL CONSTRUCTION CORP DORAL CORPORATION E & Y GENERAL CONST. CO., INC. E.E. CRUZ & COMPANY, INC. EAGLE ERECTORS GROUP, LTD ECCO 111 ENTERPRISES INC ECOBAT E-GILL REBAR, LLC EL SOL CONT. CORP/GCCOM CONST. J.V. EL SOL CONTRACTING CORP EL SOL CONTRACTING/ ES 11 ENT J.V. EL SOL DEFOE JV ELDERLEE INC EMI GUIDE RAIL, L.L.C. EMPIRE CITY IRON WORKS ERECTION & WELDING CONTRACTORS, LLC ERIN ERECTORS & CONSTRUCTION INC. ESW SPECIALTY SERVICES, LLC EVERYTHING WELDING LLC FAIRBORN EQUIPMENT COMPANY FALCON BUILDER, INC FALL FITTINGS INC FERREIRA CONSTRUCTION CO. INC. FMB INC FOREFRONT CONTRACTING, INC FREEDOM IRONWORKS, INC G C COM CONSTRUCTION CO., INC GABRIEL STEEL ERECTORS, INC. GATEWAY DEMO - CIVIL CORP GCT CONSTRUCTORS JV GEORGE YOUNG MAMMOET GIACORP CONTRACTING INC GLASMAR STEEL ERECTORS INC GLENRIDGE FABRICATORS GLOBAL WIND SERVICE GMAC CONSTRUCTION,LLC GUYTEC STEEL INC H & L CONTRACTING, LLC HALLEN WELDING SERVICE HALMAR INTERNATIONAL, LLC HARRISON & BURROWES BRIDGE CONSTR HI TECH STEEL INC HINSS J.V. HUDSON VALLEY BRIDGE CONSTRUCTION, INC. HUDSON VALLEY GLASS & METAL WORKS, INC. HUDSON VALLEY PLACING, LLC ICON CONTRACTING GROUP INC IMPERIAL IRON WORKS INDUSTRIAL STEEL STRUCTURES, INC INTEGRATED STRUCTURES CORP IRON WK LOCAL 40 361 417 IRON WORKERS DISTRICT COUNCIL IRON WORKERS LOC 40 & 361 APPRENTICE TRAINING FUND IRON WORKERS LOCAL 361 IRON WORKERS LOCAL 40 IRON WORKERS LOCAL 417 IRON WORKERS LOCAL 417 T & E FUND IRONCLAD CONCEPTS IRV SCHRODER & SONS J ANTHONY EQUIPMENT CO J FLETCHER CREAMER & SON, INC J.C. STEEL ERECTORS CORP. J.D. MISCELLANEOUS METALS, LLC JAG D CONSTRUCTION, INC JEMCO ERECTORS, INC JOHN CIVETTA & SONS, INC JS GENERAL CONTRACTING JUDLAU CONTRACTING K M SIMMONS INC KANE CONTRACTING, INC KCM CONTRACTING INC. KENVIL UNITED CORP. KEY CONSTRUCTION SERVICES, LLC KG CONSTRUCTION SERVICES, INC KIEWIT CONSTRUCTORS INC. KOCH SKANSKA, INC. KOEHLER MASONRY CORP. KRAEMER BUILDING CORP L & L PAINTING CO., INC L M SESSLER EXCAVATING AND WRECKING, INC L&M FABRICATION & MACHINE, INC LANE SUPPLY INC LOMBARDI PLANNING GROUP LLC LOMBARDY DOOR SALES & SVC LONGHOUSE CONSTRUCTION GROUP, LLC MACE CONTRACTING CORP MACEDOS CONSTRUCTION CO MARQ STEEL SERVICES METRO STEEL INCORPORATED METROPOLITAN WALTERS, LLC MID TOWN HEIGHTS, INC. MIDEAST MACHINERY MOVERS MIDTOWN CONTRACTING LLC MIDWEST STEEL, INC MINESTONE CONSTRUCTION LLC MOHEGAN ASSOCIATES MSC STEEL, LLC NATIONAL ENVIRONMENTAL SAFETY CO., INC. NEXT GEN IRON, LLC NICHOLSON CORP NORDIC CONTRACTING CO INC NORTH JERSEY REBAR, LLC NORTHEAST REMSCO CONSTRUCTION INC NORTHEAST STRUCTURAL STEEL, INC. NORTHERN STUD WELD NORTHSTAR ERECTORS, INC NUCO PAINTING CORP NUCO PAINTING CORP. NYC CONSTRUCTORS LLC NYSFAB, INC. OCE CONTRACTING OCS INDUSTRIES, INC ORADELL CONSTRUCTION CO, INC OVERHEAD DOOR CO OF GLENS FALLS ,INC PARAMOUNT BUILDING CONSTRUCTION INC PERMADUR IND INC T/A SISSCO PMC REBAR INC PONDEROSA FENCE ENTERPRISES, INC. PRECAST SERVICES INC PROFEX, INC PULASKI FENCE CORP R BAKER & SON ALL INDUSTRIAL SVCS RAILROAD CONSTRUCTION CO., INC RED IRONWORKS, INC RIG ALL, INC RINGLER CONSTRUCTION LLC ROBERT L GEROSA INC ROMA IRON WORKS INC RPM STEEL INC SAFESPAN PLATFORM SYSTEMS, INC. SAHEET CONSTRUCTION CORP SCHIAVONE CONSTRUCTION CO SECURITY SYSTEMS INSTALLATION, INC SJF IRONWORKS SKANSKA MECHANICAL AND STRUCTURAL INC. SKYLIFT CONTRACTOR CORP. SKYSCRAPER STEEL STONEBRIDGE INC STRUCTURAL SERVICES INC. STRUCTURAL SYSTEMS INC SULLIVAN CONSTRUCTION GROUP,LLC SUPOR RIGGING, LLC SYMBRANT AVIATION SERVICES SYOSSET STEEL CORP. THIRD TRACK CONSTRUCTORS THOMAS NOVELLI CONTRACTING CORP THREE D RIGGING & CONSTRUCTION, INC TITAN ERECTORS, INC TRANSIT CONSTRUCTION CORP. TRI-CITY STEEL ERECTORS, INC TRIPLE H CONSTRUCTION, INC TULLY CONSTRUCTION CO., INC. TUTOR PERINI CORP UCG GLOBAL UNICORN CONSTRUCTION ENT. INC. UNIK GROUP SA DE CV CORP UNIONPORT CONSTRUCTORS, JV (UCJV) UNITED BRIDGE CONSTRUCTION INC. UNITED FENCE & GUARD RAIL CORP UNITED IRON INC UNITED STRUCTURAL WORKS UNIVERSAL CONSTRUCTION RESOURCES, INC UTB UNITED TECHNOLOGY INC. VILLA CONST INC W & W STEEL ERECTORS, LLC WILD ATLANTIC BUILDING SOLUTIONS, INC WILLIAMS SPECIALTY #2 FROM #4469 WORTH CONSTRUCTION CO., INC WURTS BRIDGE CONSTRUCTORS, LLC XTREME CONSTRUCTION CORP YABOO FENCE CO YONKERS CONTRACTING CO ZORIA HOUSING LLC