IRON WORKERS LOCALS 40 361 & 417 WELFARE FUND: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: IRON WORKERS LOCALS 40 361 & 417 WELFARE FUND (EIN 13-5622663)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-03
IRS object ID: 202303079349302825
Schema version: 2022v5.0
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
Form 990
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-03T15:38:43-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	113266576	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GRASSI & CO CPA'S PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	50 JERICHO QUADRANGLE SUITE 200	AddressLine1Txt
City	JERICHO	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11753	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	135622663	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	IRON WORKERS LOCAL 40 361 & 417 HEALTH	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	IRON	BusinessNameControlTxt
Phone	2126841586	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	451 PARK AVE SOUTH	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10016	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BRIAN SABBAGH	PersonNm
Person Title	FUND MANAGER	PersonTitleTxt
Phone	2126610945	PhoneNum
Signature	2023-10-25	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	BRIAN	PersonFirstNm
Person Last	SABBAGH	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ALAN SILVERSTEIN	PreparerPersonNm
PTIN	P00043838	PTIN
Phone	2126610945	PhoneNum
Preparation	2023-10-25	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BRIAN SABBAGH	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	451 PARK AVE SOUTH	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10016	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$254,659,105	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.IRONWORKERS.NET	WebsiteAddressTxt
Type Of Organization Trust	Yes (X)	TypeOfOrganizationTrustInd
Formation	1948	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE HEALTH, VACATION AND OTHER BENEFITS	ActivityOrMissionDesc
Voting Members Governing Body	18	VotingMembersGoverningBodyCnt
Voting Members Independent	18	VotingMembersIndependentCnt
Total Employee	20	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$119,960,789	PYProgramServiceRevenueAmt
CY Program Service Revenue	$117,613,900	CYProgramServiceRevenueAmt
PY Investment Income	$5,537,964	PYInvestmentIncomeAmt
CY Investment Income	$2,333,219	CYInvestmentIncomeAmt
PY Other Revenue	$420,452	PYOtherRevenueAmt
CY Other Revenue	$39,357	CYOtherRevenueAmt
PY Total Revenue	$125,919,205	PYTotalRevenueAmt
CY Total Revenue	$119,986,476	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$123,669,630	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$114,311,353	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,361,660	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,304,820	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,395,849	PYOtherExpensesAmt
CY Other Expenses	$2,670,085	CYOtherExpensesAmt
PY Total Expenses	$128,427,139	PYTotalExpensesAmt
CY Total Expenses	$119,286,258	CYTotalExpensesAmt
PY Revenues Less Expenses	-$2,507,934	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$700,218	CYRevenuesLessExpensesAmt
Total Assets BOY	$228,259,017	TotalAssetsBOYAmt
Total Assets EOY	$207,404,664	TotalAssetsEOYAmt
Total Liabilities BOY	$34,627,478	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$34,516,577	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$193,631,539	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$172,888,087	NetAssetsOrFundBalancesEOYAmt
Mission	HOSPITALIZATION, COMPREHENSIVE, MEDICAL, PRESCRIPTION, DENTAL, OPTICAL, SUPPLEMENTARY MEDICARE, AND VACATION BENEFIT	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	HOSPITALIZATION, COMPREHENSIVE MEDICAL, PRESCRIPTION, DENTAL, OPTICAL, SUPPLEMENTARY MEDICARE, AND VACATION BENEFITS	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	2427	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	20	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	18	GoverningBodyVotingMembersCnt
Independent Voting Member	18	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	0	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BRIAN SABBAGH	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2126841586	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	451 PARK AVE SOUTH	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10016	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JAKE BIDOSKY
EMPLOYERS TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
STEVE ISAACSON
EMPLOYERS TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
ROBERT SAMELA
EMPLOYERS TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
RICHARD LUCAS
EMPLOYERS TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
A ALAN SEIDMAN
EMPLOYERS TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
DANIEL TEUTUL
EMPLOYERS TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
TERRY FLYNN
EMPLOYERS TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
ROBERT WEISS
EMPLOYERS TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
DANIEL DOYLE
UNION TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
CHRISTOPER WALSH
UNION TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
ROBERT WALSH
UNION TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
MICHAEL GAYDOS
UNION TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
JOHN CUSH
UNION TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
MATTHEW CHARTRAND
UNION TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
ANTHONY DEBLASIE
UNION TRUSTEE	0.50	20.00	Yes (X)	$0	$106,907	$128,668
KEITH EISGRUBER
UNION TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
MATTHEW P STODDARD
UNION TRUSTEE	0.50	0.50	Yes (X)	$0	$0	$0
BRIAN SABBAGH
FUND MANAGER	35.00	5.00		$227,489	$0	$128,658	Yes (X)
ELSIE O'NEIL
EMPLOYEE	35.00	5.00		$182,627	$0	$128,658	Yes (X)
IAN CHAN
EMPLOYEE	35.00	5.00		$187,667	$0	$128,658	Yes (X)
JOHN J DELANEY
EMPLOYEE	35.00	5.00		$197,212	$0	$128,658	Yes (X)
JIM DUFFICY
EMPLOYEE	35.00	5.00		$182,928	$0	$128,658	Yes (X)
LUCIA BAUKNIGHT
EMPLOYEE	35.00	5.00		$167,401	$0	$128,658	Yes (X)
DOREEN STENNETT
EMPLOYEE	35.00	5.00		$131,248	$0	$128,658	Yes (X)
GARRENT LEUNG
EMPLOYEE	35.00	5.00		$110,565	$0	$128,658	Yes (X)
KEVIN CUSH
EMPLOYEE	35.00	5.00		$110,002	$0	$128,658	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,497,139	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$106,907	TotReportableCompRltdOrgAmt
Total Other Compensation	$1,286,590	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	9	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
JOINT MULTI SERVICE ASSOCIATES LTD
89 JOSEPH AVE	STATEN ISLAND	NY	10304	ACCOUNTING	$312,000
SEGAL CONSULTANTS
333 WEST 34TH ST	NEW YORK	NY	10001	ACTUARIAL	$224,974
COLLERAN O'HARA & MILLS LLP
100 CROSSWAYS PARK DR W 200	WOODBURY	NY	11797	LEGAL	$192,850
WESTERN ASSET MANAGEMENT CO
620 8TH AVENUE 50TH FLOOR	NEW YORK	NY	10018	INVESTMENT ADVISORY	$152,076
ZIEGLER CAPITAL MANAGEMENT
30 SOUTH WACKER DRIVE	CHICAGO	IL	60606	INVESTMENT ADVISORY	$114,781

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYER CONTRIBUTIONS	230000	$117,290,571	$117,290,571
EMPLOYEE CONTRIBUTIONS	230000	$323,329	$323,329

Field	Value	IRS element (for citing)
Total Program Service Revenue	$117,613,900	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,391,210	TotalRevenueColumnAmt
Exclusion	$5,391,210	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$131,614,638	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$134,672,629	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$3,057,991	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$3,057,991	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$3,057,991	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISC INCOME	Desc
Business	230000	BusinessCd
Total Revenue Column	$39,357	TotalRevenueColumnAmt
Exclusion	$39,357	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$39,357	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$119,986,476	TotalRevenueColumnAmt
Related Or Exempt Func Income	$114,555,909	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$5,430,567	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$114,311,353	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,268,897	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$928,336	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$107,587	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$210,830	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$254,851	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$413,373	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$65,145	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$196,194	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$562,717	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$8,392	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$39,680	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$31,353	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$236,987	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
INVESTMENT EXPENSE	$385,760
ADMIN FEES	$120,240
POSTAGE	$63,171
DUES & SUBSCRIPTIONS	$25,996

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$55,396	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$119,286,258	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$22,880,279	BOYAmt
EOY	$22,576,169	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$6,415,722	BOYAmt
EOY	$11,265,570	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$5,700,333	BOYAmt
EOY	$4,965,672	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$140,368	BOYAmt
EOY	$154,452	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,484,368	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$2,365,781	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$139,801	BOYAmt
EOY	$118,587	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$189,456,493	BOYAmt
EOY	$161,516,015	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$3,526,021	BOYAmt
EOY	$6,808,199	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$228,259,017	BOYAmt
EOY	$207,404,664	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$31,838,464	BOYAmt
EOY	$26,716,582	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,789,014	BOYAmt
EOY	$7,799,995	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$34,627,478	BOYAmt
EOY	$34,516,577	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$193,631,539	BOYAmt
EOY	$172,888,087	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$193,631,539	BOYAmt
EOY	$172,888,087	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$228,259,017	BOYAmt
EOY	$207,404,664	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$700,218	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$21,443,670	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	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	0	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,484,368	OtherCostOrOtherBasisAmt
Depreciation	$2,365,781	DepreciationAmt
Book Value	$118,587	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$118,587	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (6 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
U.S. GOVERNMENT AND AGENCIES	$67,767,310	F
COMMON STOCK	$17,916,288	F
CORPORATE BONDS AND DEBENTURES	$53,855,085	F
STATE AND LOCAL BONDS	$1,272,785	F
EXCHANGE TRADED FUNS	$10,810,731	F
COMMON COLLECTIVE TRUST	$9,893,816	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$161,516,015	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
ESCROW PAYABLE	$30,000
DUE TO AFFILIATED FUNDS	$1,580,402
EXCHANGE	$643,355
OPERATING LEASE LIABILITY	$3,163,994
DUE TO BROKER	$2,382,244

Field	Value	IRS element (for citing)
Total Liability	$7,799,995	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$98,157,046	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$21,443,670	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$21,443,670	RevenueNotReportedAmt
Revenue Subtotal	$119,600,716	RevenueSubtotalAmt
Investment Expenses Not Incld	$385,760	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$385,760	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$119,986,476	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$123,980,253	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$5,079,755	OtherExpensesIncludedAmt
Expenses Not Reported	$5,079,755	ExpensesNotReportedAmt
Expenses Subtotal	$118,900,498	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$385,760	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	$385,760	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$119,286,258	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART X, LINE 2:

THE PLAN ADOPTED THE PROVISIONS PERTAINING TO UNCERTAIN TAX PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS PRIOR TO 2019.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

DECREASE IN BENEFITS PAYABLE 5,079,755.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BRIAN SABBAGH
FUND MANAGER	$227,489	$0	$0	$0	$0	$0	$41,539	$23,794	$40,262	$23,063	$309,290	$46,857	$0	$0
JOHN J DELANEY
EMPLOYEE	$197,212	$0	$0	$0	$0	$0	$41,539	$23,794	$40,262	$23,063	$279,013	$46,857	$0	$0
IAN CHAN
EMPLOYEE	$187,667	$0	$0	$0	$0	$0	$41,539	$23,794	$40,262	$23,063	$269,468	$46,857	$0	$0
JIM DUFFICY
EMPLOYEE	$182,928	$0	$0	$0	$0	$0	$41,539	$23,794	$40,262	$23,063	$264,729	$46,857	$0	$0
ELSIE O'NEIL
EMPLOYEE	$182,627	$0	$0	$0	$0	$0	$41,539	$23,794	$40,262	$23,063	$264,428	$46,857	$0	$0
LUCIA BAUKNIGHT
EMPLOYEE	$167,401	$0	$0	$0	$0	$0	$41,539	$23,794	$40,262	$23,063	$249,202	$46,857	$0	$0
DOREEN STENNETT
EMPLOYEE	$131,248	$0	$0	$0	$0	$0	$41,539	$23,794	$40,262	$23,063	$213,049	$46,857	$0	$0
GARRENT LEUNG
EMPLOYEE	$110,565	$0	$0	$0	$0	$0	$41,539	$23,794	$40,262	$23,063	$192,366	$46,857	$0	$0
KEVIN CUSH
EMPLOYEE	$110,002	$0	$0	$0	$0	$0	$41,539	$23,794	$40,262	$23,063	$191,803	$46,857	$0	$0
ANTHONY DEBLASIE
UNION TRUSTEE	$0	$106,907	$0	$0	$0	$0	$0	$65,332	$0	$63,336	$0	$235,575	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	A COPY OF THE FORM 990 IS PROVIDED TO MEMBERS OF ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	THE ORGANIZATION REGULARLY MONITORS THE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ENFORCEMENT OF POLICY AND COMPLIANCE WITH THE POLICY IS ADDRESSED AT QUARTERLY BOARD MEETINGS.
FORM 990, PART VI, SECTION C, LINE 19	DOCUMENTS AVAILABLE UPON REQUEST

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Controlled OrganizationControlledOrganizationInd	Exempt Code SectionExemptCodeSectionTxt
IRON WORKERS LOCALS 40 361 & 417 PENSION FUND
451 PARK AVE SOUTH	NEW YORK	NY	10016	516102576	TO PROVIDE PENSION BENEFITS TO MEMBERS	NY	0
IRON WORKERS LOCALS 40 361 & 417 ANNUITY FUND
451 PARK AVE SOUTH	NEW YORK	NY	10016	237299279	TO PROVIDE ANNUITY BENEFITS TO MEMBERS	NY	0
IRON WORKERS LOCALS 40 361 & 417 TOPPING OUT FUND
451 PARK AVE SOUTH	NEW YORK	NY	10016	133156507	TO PROVIDE SUPPLEMENTAL MEDICAL AND UNEMPLOYMENT BENEFITS TO MEMBERS	NY	0	501(C)(9)
IRON WORKERS LOCALS 40 361 APPRENTICESHIP & TRAINING FUND
35-23 36TH STREET	ASTORIA	NY	11106	132571023	TO PROVIDE TRAINING TO MEMBERS	NY	0	501(C)(3)

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
IRON WORKERS LOCALS 40361 & 417 PENSION FUND
Q	$714,990	TIME AND MOTION STUDY
IRON WORKERS LOCALS 40361 & 417 ANNUITY FUND FUND
Q	$614,225	TIME AND MOTION STUDY
IRON WORKERS LOCALS 40361 & 417 TOPPING OUT FUND FUND
Q	$554,218	TIME AND MOTION STUDY
IRON WORKERS LOCALS 40361 & 417 APPRENTICESHIP & TRAINING FUND
Q	$71,620	TIME AND MOTION STUDY