Civic Intelligence

Architectural Ironworkers Industry Advancement Fund

990 • Fiscal year 2015 • EIN 36-6761938

Jun 01, 2014 to May 31, 2015 • Filed on Jan 12, 2016

Organization ProfileN/A
500 N Michigan AveChicago, IL 60611

(773) 442-8330

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.01x

Higher debt load relative to assets than 52% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.03x

Higher debt load relative to revenue than 66% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

13th percentile

-20%

Higher net margin than 13% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

39th percentile

-2.3%

Faster asset growth than 39% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

0.8%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$498,524

Down $11,577 (-2.3%) from 2014

Net Assets

Up

$495,345

Up $315 (+0.1%) from 2014

Liabilities

Down

$3,179

Down $11,892 (-79%) from 2014

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin13th percentile

Revenue

Up

$102,076

Up $778 (+0.8%) from 2014

Expenses

Up

$122,156

Up $32,124 (+36%) from 2014

Net Income

Down

-$20,080

Down $31,346 (-278%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2015

Assets$498,524
Liabilities$3,179
Net Assets$495,345
Open 2015 Filing

Operations Trend

Revenue Growth49th 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

2015

Revenue$102,076
Expenses$122,156
Net Income-$20,080
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Jan 12, 2016
Return Version
2014v6.0
Gross Receipts
$102,076
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.

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 Ornamental Iron Industry and enhance the quality of work performed under the Agreement between Ironworkers Local #63 and the Iron League of Chicago.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$479,611$472,777▼ $6,834
Cash and Non-Interest-Bearing Accounts$27,760$24,447▼ $3,313
Accounts Receivable$2,730$1,300▼ $1,430
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$510,101$498,524▼ $11,577
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$15,071$3,179▼ $11,892
Total Liabilities$15,071$3,179▼ $11,892
Net Assets / Fund Balance
Unrestricted Net Assets$495,030$495,345▲ $315
Total Net Assets Fund Balance$495,030$495,345▲ $315
Total Liabilities and Net Assets / Fund Balance$510,101$498,524▼ $11,577
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

NameTitle
Michael SwanbergPresident
Steve ShimkusVice President
Anthony SullivanDirector
Gina LabuzDirector
Mike ButzDirector
Robert ZahorikDirector
Roger WinterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$90,964
Investment Income
$7,412
Other Revenue
$3,700
Change in Net Assets
$-20,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$122,156
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---$21,200
Fees for Services Accounting---$9,840
Other Expenses---$8,196
All Other Expenses---$4,883
Fees for Service Investment Mgmnt Fees---$3,206
Insurance---$425
Total Functional Expenses$0$0$0$122,156
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“The functions of Executive Director have been delegated to a management company, JFM Holdings, Inc. These services primarily comprise management and planning of functions and activities of the Industry Advancement Fund, incurring expenses for support staff for administrative and accounting purposes, monitoring investment activities and reporting to the Board on all matters of operational, financial, and investment activities significant to the stability of the Industry Advancement Fund.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Board Members of the Iron League of Chicago, recorded on Schedule R as a Related Organization, elect the Board to the Industry Advancement Trust Fund.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“All revenues of the Industry Fund received 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.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Board of Directors review the Form 990 prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Annual Statement is signed by each Board Member regarding compliance with the written Conflict of Interest Policy.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“upon request”

Filing and Contact Details

Filer

Filer Name
Architecture Iron Work Ind Adv Trust Fd
EIN
36-6761938
Address
500 N Michigan Ave, Chicago, IL 60611

Signing Officer

Name
Michael Swanberg
Title
President
Signed
2016-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Swanberg
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
T Lukaszewski CPA Inc
Address
145 Bernice Drive, Bensenville, IL 60106
Preparer
Thomas E Lukaszewski
Phone
7737742807
Raw XML Appendix386 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/TotalBookValueProgramRltdAmt0472777
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The functions of Executive Director have been delegated to a management company, JFM Holdings, Inc. These services primarily comprise management and planning of functions and activities of the Industry Advancement Fund, incurring expenses for support staff for administrative and accounting purposes, monitoring investment activities and reporting to the Board on all matters of operational, financial, and investment activities significant to the stability of the Industry Advancement Fund.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board Members of the Iron League of Chicago, recorded on Schedule R as a Related Organization, elect the Board to the Industry Advancement Trust Fund.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All revenues of the Industry Fund received 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/ExplanationTxt3Board of Directors review the Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Annual Statement is signed by each Board Member regarding compliance with the written Conflict of Interest Policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors formally reviews budgeted expense against actual operating results as well as performance review in determining current Executive Director Firm's compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Iron League of Chicago
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362262575
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (c) ( 6 )
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Promote interests of Ornamental Iron Ind
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0500 N Michigan Ave 600
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Chicago
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/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0510101
IRS990/TotalAssetsEOYAmt0498524
IRS990/TotalAssetsGrp/BOYAmt0510101
IRS990/TotalAssetsGrp/EOYAmt0498524
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0122156
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015071
IRS990/TotalLiabilitiesEOYAmt03179
IRS990/TotalLiabilitiesGrp/BOYAmt015071
IRS990/TotalLiabilitiesGrp/EOYAmt03179
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0495030
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0495345
IRS990/TotalProgramServiceRevenueAmt090964
IRS990/TotalRevenueGrp/ExclusionAmt011112
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt090964
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0102076
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0510101
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0498524
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0495030
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0495345
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 N Michigan Ave
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060611
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Swanberg
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Architecture Iron Work Ind Adv Trust Fd
ReturnHeader/Filer/BusinessNameControlTxt0ARCH
ReturnHeader/Filer/EIN0366761938
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 N Michigan Ave
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060611
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0T Lukaszewski CPA Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0145 Bernice Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bensenville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060106
ReturnHeader/PreparerPersonGrp/PhoneNum07737742807
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas E Lukaszewski
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-01-12T07:20:01-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-06-01
ReturnHeader/TaxPeriodEndDt02015-05-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$498,524
Liabilities
$3,179
Net assets
$495,345
Revenue
$102,076
Expenses
$122,156
Net income
-$20,080
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