Northern Illinois Welfare Fund

Organization Overview

Northern Illinois Welfare Fund is located in Rockford, IL. The organization was established in 2007. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Illinois Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 04/2022, Northern Illinois Welfare Fund generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.2m during the year ending 04/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HEALTH & WELFARE BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH & WELFARE BENEFITS TO ALL CURRENT EMPLOYEES AND RETIREES OF THE PARTICIPATING LOCALS AND THEIR ELIGIBLE DEPENDENTS COVERED UNDER THE PLAN. 2,550 PARTICIPANTS AT YEAR END.


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Board, Officers & Key Employees

Name (title)Compensation
Ken Diehl
Trustee
$0
Mike Smith
Trustee
$0
Mike Tuthill
Trustee
$0
Jamie Lawson
Trustee
$0
Chris Kime
Trustee
$0
Glen Turpoff
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,683,951
Investment income $35,374
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,719,325

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