STEAMFITTERS INDUSTRY SECURITY BENEFIT FUND: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- STEAMFITTERS INDUSTRY SECURITY BENEFIT FUND (EIN 13-6149681)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-06
- IRS object ID
- 202433119349302713
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-06T01:31:59-00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136149681 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Steamfitters Industry Security Benefit Fund | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | STEA | BusinessNameControlTxt |
| Phone | 2124658888 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27-08 40th Avenue 2nd floor | AddressLine1Txt |
| City | Long Island City | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 111013725 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert Bartels | PersonNm |
| Person Title | Employee Trustee | PersonTitleTxt |
| Phone | 2124658888 | PhoneNum |
| Signature | 2024-11-06 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Robert Bartels | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27-08 40th Avenue 2nd Fl | AddressLine1Txt |
| City | Long Island City | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 111013725 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $175,390,779 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.steamfitters.com | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 1961 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | The Fund was established to accumulate funds to provide supplemental benefits to partic. They become eligible to part in the Plan beg with the first day in which they work in covered employ for a signed contractor. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $38,437,565 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $37,764,803 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,541,360 | PYInvestmentIncomeAmt |
| CY Investment Income | $9,681,143 | CYInvestmentIncomeAmt |
| PY Other Revenue | $35,183 | PYOtherRevenueAmt |
| CY Other Revenue | $85,418 | CYOtherRevenueAmt |
| PY Total Revenue | $45,014,108 | PYTotalRevenueAmt |
| CY Total Revenue | $47,531,364 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $52,232,169 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $47,059,980 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $366,697 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $362,349 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,644,232 | PYOtherExpensesAmt |
| CY Other Expenses | $2,593,726 | CYOtherExpensesAmt |
| PY Total Expenses | $55,243,098 | PYTotalExpensesAmt |
| CY Total Expenses | $50,016,055 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$10,228,990 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,484,691 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $294,790,618 | TotalAssetsBOYAmt |
| Total Assets EOY | $306,310,129 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,591,008 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,113,275 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $290,199,610 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $302,196,854 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The Fund was established to accumulate funds to pay or provide supplemental benefits to participants. The Fund is a multi- employer plan and is funded by employer contributions determined in accordance with the collective bargaining agreement. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $47,059,980 | ExpenseAmt |
| Desc | Benefits paid to or for participants | Desc |
| Total Program Service Expenses | $47,059,980 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | William J Turnbull Executive Admini | PersonNm |
| Phone | 2124658888 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27-08 40th Avenue 2nd floor | AddressLine1Txt |
| City | Long Island City | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 111013725 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| William J Turnbull | |||||||||
| Executive Administrator | 001.00 | 034.00 | Yes (X) | $11,114 | $433,431 | $48,581 | |||
| Steve Cuadra | |||||||||
| Education Director | 040.00 | $0 | $234,710 | $66,027 | Yes (X) | ||||
| James Ippolito | |||||||||
| Assistant Administrator | 001.00 | 034.00 | $8,705 | $208,917 | $46,924 | Yes (X) | |||
| James C White | |||||||||
| Assistant Administrator | 001.50 | 033.50 | $10,811 | $205,314 | $46,924 | Yes (X) | |||
| Stephen Powers | |||||||||
| Education Instructor | 035.00 | $0 | $186,250 | $56,420 | Yes (X) | ||||
| Daniel Knights | |||||||||
| Education Instructor | 035.00 | $0 | $183,947 | $56,466 | Yes (X) | ||||
| Jason Grecco | |||||||||
| Education Instructor | 035.00 | $0 | $183,879 | $56,420 | Yes (X) | ||||
| Matthew Pizzo | |||||||||
| Education Instructor | 035.00 | $0 | $176,818 | $56,420 | Yes (X) | ||||
| Sean Driscoll | |||||||||
| IT Director | 001.50 | 033.50 | $9,325 | $177,169 | $26,280 | Yes (X) | |||
| Ralph Montuoro Jr | |||||||||
| Trustee | 002.00 | $0 | $0 | $0 | Yes (X) | ||||
| Michael Mulvaney | |||||||||
| Trustee | 002.00 | $0 | $0 | $0 | Yes (X) | ||||
| Daniel Mulligan | |||||||||
| Trustee | 002.00 | $0 | $0 | $0 | Yes (X) | ||||
| Anthony Saporito | |||||||||
| Trustee | 002.00 | $0 | $0 | $0 | Yes (X) | ||||
| Brian Kearney Jr | |||||||||
| Trustee | 002.00 | $0 | $0 | $0 | Yes (X) | ||||
| James Sheeran | |||||||||
| Trustee | 002.00 | $0 | $0 | $0 | Yes (X) | ||||
| Shane McMorrow | |||||||||
| Trustee | 002.00 | $0 | $0 | $0 | Yes (X) | ||||
| Robert Bartels Jr | |||||||||
| Trustee | 002.00 | $0 | $0 | $0 | Yes (X) | ||||
| Mike Koebel | |||||||||
| Trustee | 002.00 | $0 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $39,955 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,990,435 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $460,462 | TotalOtherCompensationAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Employer contributions | Desc |
| Business | 525100 | BusinessCd |
| Total Revenue Column | $37,764,803 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $37,764,803 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $37,764,803 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,919,197 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,919,197 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $130,621,361 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $127,859,415 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,761,946 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,761,946 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous Income | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $85,418 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $85,418 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $85,418 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $47,531,364 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $44,769,418 | RelatedOrExemptFuncIncomeAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,059,980 | TotalAmt |
| Program Services | $47,059,980 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,630 | TotalAmt |
| Management And General | $30,630 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $191,389 | TotalAmt |
| Management And General | $191,389 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,270 | TotalAmt |
| Management And General | $68,270 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,245 | TotalAmt |
| Management And General | $56,245 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,815 | TotalAmt |
| Management And General | $15,815 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,739 | TotalAmt |
| Management And General | $13,739 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,500 | TotalAmt |
| Management And General | $16,500 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,155,519 | TotalAmt |
| Management And General | $2,155,519 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,214 | TotalAmt |
| Management And General | $12,214 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,584 | TotalAmt |
| Management And General | $170,584 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,498 | TotalAmt |
| Management And General | $22,498 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,713 | TotalAmt |
| Management And General | $3,713 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,083 | TotalAmt |
| Management And General | $2,083 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,169 | TotalAmt |
| Management And General | $167,169 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,707 | TotalAmt |
| Management And General | $29,707 | ManagementAndGeneralAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,016,055 | TotalAmt |
| Program Services | $47,059,980 | ProgramServicesAmt |
| Management And General | $2,956,075 | ManagementAndGeneralAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222,719 | BOYAmt |
| EOY | $2,794,835 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,659,064 | BOYAmt |
| EOY | $2,522,270 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,352 | BOYAmt |
| EOY | $7,713 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,877,559 | BOYAmt |
| EOY | $148,636,438 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,023,924 | BOYAmt |
| EOY | $152,348,873 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $294,790,618 | BOYAmt |
| EOY | $306,310,129 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $195,053 | BOYAmt |
| EOY | $230,628 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,395,955 | BOYAmt |
| EOY | $3,882,647 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,591,008 | BOYAmt |
| EOY | $4,113,275 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $290,199,610 | BOYAmt |
| EOY | $302,196,854 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $290,199,610 | BOYAmt |
| EOY | $302,196,854 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $294,790,618 | BOYAmt |
| EOY | $306,310,129 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$2,484,691 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $14,481,935 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
Other Securities OtherSecuritiesGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Financial derivatives and other financial products | ||
| Closely-held equity interests | ||
| Lord Abbett International Core Fixed Income | $21,323,917 | F |
| Janus Institutional Intl Equity Fund | $48,904,273 | F |
| ULLICO Infrastructure Fund LP | $32,806,257 | F |
| Kennedy Wilson Real Estate Fund VI, LP | $17,187,276 | F |
| JP Morgan US Real Estate Mezz Debt Fund | $18,230,194 | F |
| Boyd Watterson GSA Fund LP | $13,896,956 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $152,348,873 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal income taxes | |
| Due to/from other funds | $20,458 |
| Securities Purchases | $3,862,189 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,882,647 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $59,857,780 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $14,481,935 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $14,481,935 | RevenueNotReportedAmt |
| Revenue Subtotal | $45,375,845 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,155,519 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $2,155,519 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $47,531,364 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $47,860,536 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $47,860,536 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,155,519 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $2,155,519 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $50,016,055 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | X 2 | FormAndLineReferenceDesc |
| Explanation | The Trustees have evaluated the tax positions taken by the Fund and have concluded that as of December 31, 2023, there are no uncertain positions taken or expected to be taken, that would require the recognition of a liability or asset or disclosure in the financial statements. The Fund is subject to routine audits by taxing jurisdictions until the applicable statute of limitations expires however, there are currently no audits for any tax periods in progress. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt |
|---|---|---|---|---|---|---|
| William J Turnbull | ||||||
| Executive Administrator | $11,114 | $404,054 | $29,377 | $48,581 | $11,114 | $482,012 |
| Steve Cuadra | ||||||
| Education Director | $214,350 | $20,360 | $66,027 | $300,737 | ||
| James Ippolito | ||||||
| Assistant Administrator | $8,705 | $196,780 | $12,137 | $46,924 | $8,705 | $255,841 |
| James C White | ||||||
| Assistant Administrator | $10,811 | $189,267 | $16,047 | $46,924 | $10,811 | $252,238 |
| Jason Grecco | ||||||
| Education Instructor | $183,879 | $56,420 | $240,299 | |||
| Stephen Powers | ||||||
| Education Instructor | $186,250 | $56,420 | $242,670 | |||
| Sean Driscoll | ||||||
| IT Director | $9,325 | $165,217 | $11,952 | $26,280 | $9,325 | $203,449 |
| Daniel Knights | ||||||
| Education Instructor | $183,947 | $56,466 | $240,413 | |||
| Matthew Pizzo | ||||||
| Education Instructor | $176,818 | $56,420 | $233,238 | |||
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, Line 11A | This tax return was prepared by staff and reviewed by the Funds Executive Administrator, who is a CPA. Then, it was provided to the Funds auditors for review and approval. Lastly, it was provided to a member of the Board of Directors for review and signature. |
| Form 990, Part VI, Section B, Line 15 AB | The Executive Administrator of the Trust Funds negotiates with the Chairman and Co-Chairman of each Fund and agree to an increase in wages for all staff within the parameters set by the collective bargaining agreement. |
| Form 990, Part VI, Section B, Line 12C | The Fund is subject to ERISA and the Trustees confirm to its regulations. Each year, Trustees sign a statement which affirms that such person has received a copy of the Conflict of Interest Policy and has read and understands the Policy. Also, the Trustees agree to comply with the Policy and understand that the Plan is a tax-exempt organization. |
| Form 990, Part VI, Section C, Line 19 | As required by ERISA, the Funds governing documents, policies, financial statements and tax returns are available upon request by writing to the Fund Office and requesting a copy. This return was not filed on time and granted an extension to acquire all the information needed to complete and file an accurate return. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| Steamfitters' Industry Welfare Fund | |||||||||
| 27-08 40th Avenue 2nd floor | Long Island City | NY | 11101 | 131545680 | ERISA Plan | NY | 501 c5 | Not applicable | false |
| Steamfitters' Industry Pension Fund | |||||||||
| 27-08 40th Avenue 2nd floor | Long Island City | NY | 11101 | 136149680 | ERISA Plan | NY | 501 a | Not applicable | false |
| Steamfitters Industry Vacation Plan | |||||||||
| 27-08 40th Avenue 2nd floor | Long Island City | NY | 11101 | 136149682 | ERISA Plan | NY | 501 c 9 | Not applicable | false |
| Steamfitters' Industry Educational Fund | |||||||||
| 27-08 40th Avenue 2nd floor | Long Island City | NY | 11101 | 131919703 | ERISA Plan | NY | 501 c5 | Not applicable | false |
| Steamfitters' Industry Supplemental Retirement Fund | |||||||||
| 27-08 40th Avenue 2nd floor | Long Island City | NY | 11101 | 133917806 | ERISA Plan | NY | 401 a | Not applicable | false |
| The Metal Trades Branch Local 638 Welfare Fund | |||||||||
| 27-08 40th Avenue 2nd floor | Long Island City | NY | 11101 | 136211854 | ERISA Plan | NY | 501 c 9 | Not applicable | false |
| The Metal Trades Branch Local 638 Pension Fund | |||||||||
| 27-08 40th Avenue 2nd floor | Long Island City | NY | 11101 | 132541630 | ERISA Plan | NY | 501 a | Not applicable | false |
| The Service Fitters' Industry Educational Fund | |||||||||
| 27-08 40th Avenue 2nd floor | Long Island City | NY | 11101 | 112892696 | ERISA Plan | NY | 501 c 3 | Not applicable | false |
| The Steamfitting Industry Labor Management Coop Committee | |||||||||
| 27-08 40th Avenue 2nd floor | Long Island City | NY | 11101 | 367498676 | ERISA Plan | NY | 501 c 5 | Not applicable | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt |
|---|---|
| Steamfitters' Industry Welfare Fund | |
| n | $365,781 |
| Steamfitters' Industry Welfare Fund | |
| o | $362,349 |
| Steamfitters' Industry Welfare Fund | |
| p | $72,426 |