Civic Intelligence

Iron Workers Local 67 Defense Fund Trust

990 • Fiscal year 2018 • EIN 42-1286484

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 17, 2018

1501 E AuroraDes Moines, IA 50313-3912

(515) 262-9366

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Net Margin

99th percentile

79%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

71st percentile

$156,040

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Asset Growth

5th percentile

-15%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

36%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$813,443

Down $140,960 (-15%) from 2017

Net Assets

Down

$813,443

Down $140,960 (-15%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$1,111,846

Up $294,779 (+36%) from 2017

Expenses

Up

$228,096

Up $138,065 (+153%) from 2017

Net Income

Up

$883,750

Up $156,714 (+22%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $446,091Liabilities 2011: $0Net Assets 2011: $446,0912011Assets 2012: $494,547Liabilities 2012: $0Net Assets 2012: $494,5472012Assets 2013: $571,610Liabilities 2013: $0Net Assets 2013: $571,6102013Assets 2014: $653,915Liabilities 2014: $0Net Assets 2014: $653,9152014Assets 2015: $654,688Liabilities 2015: $0Net Assets 2015: $654,6882015Assets 2016: $877,367Liabilities 2016: $0Net Assets 2016: $877,3672016Assets 2017: $954,403Liabilities 2017: $0Net Assets 2017: $954,4032017Assets 2018: $813,443Liabilities 2018: $0Net Assets 2018: $813,4432018Assets 2019: $690,385Liabilities 2019: $0Net Assets 2019: $690,3852019Assets 2020: $1,159,673Liabilities 2020: $0Net Assets 2020: $1,159,6732020Assets 2021: $1,028,371Liabilities 2021: $0Net Assets 2021: $1,028,3712021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$813,443
Liabilities$0
Net Assets$813,443

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2011: $68,0152011Expenses 2012: $33,4502012Expenses 2013: $38,4502013Revenue 2014: $512,733Expenses 2014: $72,428Net Income 2014: $440,3052014Revenue 2015: $578,690Expenses 2015: $116,167Net Income 2015: $462,5232015Revenue 2016: $903,484Expenses 2016: $80,805Net Income 2016: $822,6792016Revenue 2017: $817,067Expenses 2017: $90,031Net Income 2017: $727,0362017Revenue 2018: $1,111,846Expenses 2018: $228,096Net Income 2018: $883,7502018Revenue 2019: $872,490Expenses 2019: $119,217Net Income 2019: $753,2732019Revenue 2020: $1,401,604Expenses 2020: $13,032Net Income 2020: $1,388,5722020Revenue 2021: $884,185Expenses 2021: $15,487Net Income 2021: $868,6982021Revenue 2022: $898,093Expenses 2022: $31,983Net Income 2022: $866,1102022

Highlighted filing

2018

Revenue$1,111,846
Expenses$228,096
Net Income$883,750
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 17, 2018
Return Version
2017v2.3
Gross Receipts
$1,411,846
Mission and Program Overview

Mission

Protect the union and provide better working standards for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$954,403$813,443▼ $140,960
Total Assets$954,403$813,443▼ $140,960
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$954,403$813,443▼ $140,960
Total Net Assets Fund Balance$954,403$813,443▼ $140,960
Total Liabilities and Net Assets / Fund Balance$954,403$813,443▼ $140,960
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James WattFin Sec/busFT-$156,040$156,040
Nick FranklinPresidentFT$80,325$68,748$149,073
James AlitzExecutive Co--$6,432$6,432

Board Members and Trustees

NameTitle
David ClarkTrustee
James ByalVP/trustee
Brant MaloneExamining Co
Duke CarterExamining Co
Nathan WilliamsExamining Co
Corey ConradExecutive Co
David TuttleExecutive Co
Scott AlitzExecutive Co
Shawn RuepkeExecutive Co
James WattFin Sec/bus Mgr
Mason McgaffinRecording Se
Joe DurbySergeant at
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,109,894
Investment Income
$1,952
Other Revenue
$0
Change in Net Assets
$883,750

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,111,846
Total Revenue per Audited Statements
$1,111,846
Total Revenue per Form 990
$1,111,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$198,856
Other Expenses$29,240
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$149,073
Other Salaries and Wages---$43,179
Payroll Taxes---$6,604
Fees for Services Accounting---$4,200
Other Expenses---$40
Total Functional Expenses$0$0$0$228,096

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,252,806
Expenses Not Reported on Form 990$1,024,710
Expenses per Audited Statements$228,096
Total Expenses per Form 990$228,096
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Scott alitz james alitz exec board exec board cousins

Form 990, Page 6, Part VI, Line 6

As of june 30, 2018 the defense fund had 482 members. The classes of members are: journeymen, apprentice, lifetime members, honorary members, and probationary members.

Form 990, Page 6, Part VI, Line 7A

Journeymen members in good standing are able to elect trustees and officers every three years.

Form 990, Page 6, Part VI, Line 11B

The financial secretary/business manager reviews the form 990 on behalf of the board before it is filed.

Form 990, Page 6, Part VI, Line 19

The documents are available upon request from the defense fund's administrative office.

Filing and Contact Details

Filer

Filer Name
Iron Workers Local 67 Defense Fund
EIN
42-1286484
Phone
5152629366
Address
1501 E AURORA, DES MOINES, IA 50313-3912

Signing Officer

Name
James Watt
Title
Fin Sec/bus Mgr
Phone
5152629366
Signed
2018-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Watt
Formed
1909
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Deboer & Associates Pc
Address
17330 WRIGHT ST STE 100, OMAHA, NE 68130-2157
Preparer
Chris Wassenaar
Phone
4023335200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Transfer to iron workers local 67 general fund -1,024,710

Financial Statement Notes

Schedule D, Page 3, Part X

The fund is a not-for-profit organization that is exempt from income taxes under section 501(c)(5) of the internal revenue code. The fund reports its operations to the internal revenue service on form 990. There is no unrelated business income so no liability is incurred for federal or state income taxes. The fund has adopted guidance on accounting for uncertainty in income taxes issued by the financial accounting standards board. Management of the fund believes that the fund has taken no uncertain tax positions that require adjustment to the financial statements in order to comply with the provisions of this guidance. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan's open tax years for the prior three years are subject to examination by the internal revenue service.

Schedule D, Page 4, Part XII, Line 2D

Transfer to iron workers local 67 general fund 1,024,710

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TRANSFER TO IRON WORKERS LOCAL 67 GENERAL FUND 1,024,710
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES WATT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FIN SEC/BUS MGR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0156040
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCOTT ALITZ JAMES ALITZ EXEC BOARD EXEC BOARD COUSINS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS OF JUNE 30, 2018 THE DEFENSE FUND HAD 482 MEMBERS. THE CLASSES OF MEMBERS ARE: JOURNEYMEN, APPRENTICE, LIFETIME MEMBERS, HONORARY MEMBERS, AND PROBATIONARY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JOURNEYMEN MEMBERS IN GOOD STANDING ARE ABLE TO ELECT TRUSTEES AND OFFICERS EVERY THREE YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCIAL SECRETARY/BUSINESS MANAGER REVIEWS THE FORM 990 ON BEHALF OF THE BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE DEFENSE FUND'S ADMINISTRATIVE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER TO IRON WORKERS LOCAL 67 GENERAL FUND -1,024,710
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INTERNATIONAL IRON WORKERS UNION 67
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420551477
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01501 EAST AURORA AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DES MOINES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd050313
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01024710
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL PAYMENT DISBURSED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0IRON WORKERS LOCAL UNION 67
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0954403
IRS990/TotalAssetsEOYAmt0813443
IRS990/TotalAssetsGrp/BOYAmt0954403
IRS990/TotalAssetsGrp/EOYAmt0813443
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0228096
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0954403
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0813443
IRS990/TotalOtherCompensationAmt0139523
IRS990/TotalProgramServiceRevenueAmt01109894
IRS990/TotalReportableCompFromOrgAmt080325
IRS990/TotalRevenueGrp/ExclusionAmt01952
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01109894
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01111846
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0954403
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0813443
IRS990/TotReportableCompRltdOrgAmt091697
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0954403
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0813443
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01501 E AURORA
IRS990/USAddress/CityNm0DES MOINES
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd0503133912
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES WATT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FIN SEC/BUS MGR
ReturnHeader/BusinessOfficerGrp/PhoneNum05152629366
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IRON WORKERS LOCAL 67 DEFENSE FUND
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0421286484
ReturnHeader/Filer/PhoneNum05152629366
ReturnHeader/Filer/USAddress/AddressLine1Txt01501 E AURORA
ReturnHeader/Filer/USAddress/CityNm0DES MOINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd0503133912
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05F250C6D6929D1A3A21E173A9656EBC38F33F259
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A05394CF72073E77235AC6676947C1BCFAC3FD67
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.15.225.20
ReturnHeader/FilingSecurityInformation/IPDt02018-09-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:23:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470836395
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEBOER & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt017330 WRIGHT ST STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0681302157
ReturnHeader/PreparerPersonGrp/PhoneNum04023335200
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS WASSENAAR
ReturnHeader/ReturnTs02018-09-17T15:23:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.90$0.03$0.87
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.00$1.03$0.88$0.02$0.87
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$1.40$0.01$1.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.00$0.69$0.87$0.12$0.75
2018Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$1.11$0.23$0.88
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.00$0.95$0.82$0.09$0.73
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$0.90$0.08$0.82
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.58$0.12$0.46
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.51$0.07$0.44
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.00$0.49$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.45$0.07
Peer Organizations

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