Civic Intelligence

Architectural Ironworkers Industry Advancement Fund

990 • Fiscal year 2018 • EIN 36-6761938

Jun 01, 2017 to May 31, 2018 • Filed on Nov 15, 2018

Organization ProfileN/A
500 N Michigan Ave Suite 600Chicago, IL 60611

(773) 442-8330

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

44th percentile

0.03x

Higher debt load relative to revenue than 44% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

35th percentile

-0.1%

Higher net margin than 35% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

41st percentile

0.3%

Faster asset growth than 41% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-11%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$585,105

Up $1,688 (+0.3%) from 2017

Net Assets

Up

$579,617

Up $3,679 (+0.6%) from 2017

Liabilities

Down

$5,488

Down $1,991 (-27%) from 2017

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin35th percentile

Revenue

Down

$157,418

Down $19,526 (-11%) from 2017

Expenses

Up

$157,564

Up $38,629 (+32%) from 2017

Net Income

Down

-$146

Down $58,155 (-100%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2012: $420,139Net Assets 2012: $420,1392012Assets 2013: $460,087Liabilities 2013: $6,021Net Assets 2013: $454,0662013Assets 2014: $510,101Liabilities 2014: $15,071Net Assets 2014: $495,0302014Assets 2015: $498,524Liabilities 2015: $3,179Net Assets 2015: $495,3452015Assets 2016: $522,282Liabilities 2016: $4,353Net Assets 2016: $517,9292016Assets 2017: $583,417Liabilities 2017: $7,479Net Assets 2017: $575,9382017Assets 2018: $585,105Liabilities 2018: $5,488Net Assets 2018: $579,6172018Assets 2019: $534,056Liabilities 2019: $0Net Assets 2019: $534,0562019Assets 2020: $552,434Liabilities 2020: $12,034Net Assets 2020: $540,4002020Assets 2022: $529,640Liabilities 2022: $0Net Assets 2022: $529,6402022Assets 2023: $483,312Liabilities 2023: $0Net Assets 2023: $483,3122023Assets 2024: $452,214Liabilities 2024: $0Net Assets 2024: $452,2142024Assets 2025: $416,067Liabilities 2025: $0Net Assets 2025: $416,0672025

Highlighted filing

2018

Assets$585,105
Liabilities$5,488
Net Assets$579,617
Open 2018 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2012: $66,874Expenses 2012: $70,620Net Income 2012: -$3,7462012Revenue 2013: $80,781Expenses 2013: $76,680Net Income 2013: $4,1012013Revenue 2014: $101,298Expenses 2014: $90,032Net Income 2014: $11,2662014Revenue 2015: $102,076Expenses 2015: $122,156Net Income 2015: -$20,0802015Revenue 2016: $122,891Expenses 2016: $99,343Net Income 2016: $23,5482016Revenue 2017: $176,944Expenses 2017: $118,935Net Income 2017: $58,0092017Revenue 2018: $157,418Expenses 2018: $157,564Net Income 2018: -$1462018Revenue 2019: $156,596Expenses 2019: $182,655Net Income 2019: -$26,0592019Revenue 2020: $160,075Expenses 2020: $181,816Net Income 2020: -$21,7412020Revenue 2022: $135,266Expenses 2022: $148,757Net Income 2022: -$13,4912022Revenue 2023: $105,496Expenses 2023: $142,227Net Income 2023: -$36,7312023Revenue 2024: $141,003Expenses 2024: $196,614Net Income 2024: -$55,6112024Revenue 2025: $120,320Expenses 2025: $165,834Net Income 2025: -$45,5142025

Highlighted filing

2018

Revenue$157,418
Expenses$157,564
Net Income-$146
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$299,005
Mission and Program Overview

Mission

The architectural iron industry advancement trust fund is a trust fund set up between the union (ironworkers local 63) and the iron league of chicago to promote the architectural and ornamental iron industry and enhance the quality of work performed under the agreement between local 63 and the iron league.

See Attachment 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$542,436$566,381▲ $23,945
Cash and Non-Interest-Bearing Accounts$40,981$10,262▼ $30,719
Prepaid Expenses and Deferred Charges$0$8,462▲ $8,462
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$583,417$585,105▲ $1,688
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$7,479$5,488▼ $1,991
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$7,479$5,488▼ $1,991
Net Assets / Fund Balance
Unrestricted Net Assets$575,938$579,617▲ $3,679
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$575,938$579,617▲ $3,679
Total Liabilities and Net Assets / Fund Balance$583,417$585,105▲ $1,688

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$566,381--
Compensation and Service Providers
Top Officer Pay42nd percentile

Board Members and Trustees

NameTitle
Louis BelletiniPresident
Jeff HallVice President
Brian WasielewskiDirector
Max JonesDirector
Steve ShimkusDirector
Tony SerranoDirector
Judy KraemerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$122,574
Investment Income
$34,844
Other Revenue
$0
Change in Net Assets
$-146
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$157,564
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$28,350
Advertising---$6,414
Other Expenses---$6,099
Fees for Services Other---$5,155
All Other Expenses---$4,713
Office Expenses---$3,901
Fees for Services Accounting---$1,750
Conferences and Meetings---$1,670
Insurance---$100
Total Functional Expenses$0$0$0$157,564
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Architectural Ironworkers Industry
EIN
36-6761938
In Care Of
% EXECUTIVE DIRECTOR
Phone
7734428330
Address
500 N Michigan Ave Suite 600, Chicago, IL 60611

Signing Officer

Name
Lou Belletini
Title
president
Phone
7734428330
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lou Belletini
Formed
1934
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Miller Cooper & Co Ltd
Address
1751 Lake Cook Road Suite 400, Deerfield, IL 60015
Preparer
Steven R Glover
Phone
8472055000
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

“Association members elect the Board of Industry Advancement Trust Fund. All revenues of the Industry Fund as "membership dues" are actually Iron Industry member firm contributions per hour under the terms of the collective bargaining agreement established between the Ironworkers Local #63 and the Iron League of Chicago. Thus Schedule C, Part III-A is reported as 90% of dues as nondeductible by the Local Union, a nonprofit entity.”

Line VI, Line 11B

“The Board of Directors review the Form 990 prior to filing the return. Annual statement is signed by each Board Member regarding compliance with the written Confolict of Interest Policy.”

Pt VI, Line 3

“The Board has delegated the daily activites to the executive director.”

Pt VI, Line 19

“The Board provides documentation upon request.”

Pt VI, Line 12C

“The Board of Directors formally reviews budgeted expense against actual operating results as well as performance review in determining current compensation.”

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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt051241
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0118935
IRS990/PYOtherRevenueAmt05700
IRS990/PYProgramServiceRevenueAmt0120003
IRS990/PYRevenuesLessExpensesAmt058009
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0118935
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0176944
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-146
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0566381
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FIRST MIDWEST BK FIXED INC.
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueSecuritiesAmt0566381
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Association members elect the Board of Industry Advancement Trust Fund. All revenues of the Industry Fund as "membership dues" are actually Iron Industry member firm contributions per hour under the terms of the collective bargaining agreement established between the Ironworkers Local #63 and the Iron League of Chicago. Thus Schedule C, Part III-A is reported as 90% of dues as nondeductible by the Local Union, a nonprofit entity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors review the Form 990 prior to filing the return. Annual statement is signed by each Board Member regarding compliance with the written Confolict of Interest Policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board has delegated the daily activites to the executive director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board provides documentation upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors formally reviews budgeted expense against actual operating results as well as performance review in determining current compensation.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Line VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IRON LEAGUE OF CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362262575
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Promote inter
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0500 N MICHIGAN AVE 600
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHCIAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060611
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0583417
IRS990/TotalAssetsEOYAmt0585105
IRS990/TotalAssetsGrp/BOYAmt0583417
IRS990/TotalAssetsGrp/EOYAmt0585105
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0157564
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07479
IRS990/TotalLiabilitiesEOYAmt05488
IRS990/TotalLiabilitiesGrp/BOYAmt07479
IRS990/TotalLiabilitiesGrp/EOYAmt05488
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0575938
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0579617
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0122574
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt034844
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0122574
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0157418
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0583417
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0585105
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0575938
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0579617
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 N Michigan Ave600
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060611
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LOU BELLETINI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0president
ReturnHeader/BusinessOfficerGrp/PhoneNum07734428330
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Architectural Ironworkers Industry
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Advancement Fund
ReturnHeader/Filer/BusinessNameControlTxt0ARCH
ReturnHeader/Filer/EIN0366761938

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$585,105
Liabilities
$5,488
Net assets
$579,617
Revenue
$157,418
Expenses
$157,564
Net income
-$146
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$0.00$4.16$1.20$1.66$0.46
2024Detailed filing. Detailed filing data is available for this year.$4.52$0.00$4.52$1.41$1.97$0.56
2023Detailed filing. Detailed filing data is available for this year.$4.83$0.00$4.83$1.05$1.42$0.37
2022Detailed filing. Detailed filing data is available for this year.$5.30$0.00$5.30$1.35$1.49$0.13
2020Detailed filing. Detailed filing data is available for this year.$5.52$0.12$5.40$1.60$1.82$0.22
2019Detailed filing. Detailed filing data is available for this year.$5.34$0.00$5.34$1.57$1.83$0.26
2018Detailed filing. Detailed filing data is available for this year.$5.85$0.05$5.80$1.57$1.58$0.00
2017Detailed filing. Detailed filing data is available for this year.$5.83$0.07$5.76$1.77$1.19$0.58
2016Detailed filing. Detailed filing data is available for this year.$5.22$0.04$5.18$1.23$0.99$0.24
2015Detailed filing. Detailed filing data is available for this year.$4.99$0.03$4.95$1.02$1.22$0.20
2014Detailed filing. Detailed filing data is available for this year.$5.10$0.15$4.95$1.01$0.90$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$0.06$4.54$0.81$0.77$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.20$4.20$0.67$0.71$0.04