2024-11-08T11:19:04-06:00 2023-12-31 320043599 LEGACY PROFESSIONALS LLP 4 WESTBROOK CORPORATE CENTER SUITE 700 WESTCHESTER IL 60154 990 2023-01-01 366051305 BEER INDUSTRY LOCAL UNION NO 703 HEALTH AND WELFARE FUND BEER 7084290046 18660 GRAPHIC DRIVE 202 TINLEY PARK IL 60477 THOMAS STIEDE TRUSTEE 7084290046 2024-11-08 1 0 MEGAN M MATTHYS P01355334 3122632700 2023 2024-10-15 13:58:12Z THOMAS STIEDE 18660 GRAPHIC DRIVE 202 TINLEY PARK IL 60477 20020870 0 X N/A X 1952 IL PROVIDING HEALTH BENEFITS TO PARTICIPANTS 8 0 7 0 0 0 0 0 4379467 4577142 315184 847547 13706 14017 4708357 5438706 0 0 4366606 5669567 351121 428836 0 0 0 445142 475629 5162869 6574032 -454512 -1135326 17199714 16733890 401869 315677 16797845 16418213 BEER INDUSTRY LOCAL UNION NO. 703 HEALTH AND WELFARE FUND PROVIDES HEALTH CARE, DEATH, DISMEMBERMENT AND DISABILITY BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS. 0 0 BEER INDUSTRY LOCAL UNION NO. 703 HEALTH AND WELFARE FUND PROVIDES HEALTH CARE, DEATH, DISMEMBERMENT AND DISABILITY BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 12 0 1 7 1 0 0 0 0 0 0 0 0 X 8 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 X SHERRYL REEVES 7084290046 18660 GRAPHIC DRIVE TINLEY PARK IL 60477 THOMAS STIEDE TRUSTEE 0.50 40.60 X 0 116956 66359 DAVID MCLIN TRUSTEE 0.50 40.60 X 0 98327 66359 PATRICK BRUNO TRUSTEE 0.50 40.60 X 0 112584 51075 BLAKE YANICS TRUSTEE 0.50 0.60 X 0 0 0 DONNA SPAGNOLA TRUSTEE 0.50 0.60 X 0 0 0 DEVON ROBERTSON TRUSTEE 0.50 0.60 X 0 0 0 MICHAEL BURKE TRUSTEE 0.50 0.60 X 0 0 0 DREW COLLINS TRUSTEE 0.50 40.60 X 0 7080 0 SHERRYL REEVES FUND ADMINISTRATOR 20.00 20.00 X 167377 0 14228 167377 334947 198021 1 0 1 0 0 EMPLOYER CONTRIBUTIONS 900099 3795082 3795082 PARTICIPANT CONTRIBUTIONS 900099 781785 781785 EMPLOYER LIQUIDATED DAMAGES/INTER 900099 275 275 4577142 599670 599670 14830041 14582164 247877 247877 247877 OTHER INCOME 900099 14017 14017 14017 5438706 4577142 0 861564 5669567 93084 252576 29329 27095 26752 80760 36629 43296 55602 54925 60151 43869 20166 3317 73688 PCORI FEE 3226 6574032 505791 497923 195608 468937 356011 390647 62079 59676 106919 98724 4683 8195 15603284 14214875 472258 1093637 17199714 16733890 62019 62983 339850 252694 401869 315677 X 0 0 0 0 16797845 16418213 16797845 16418213 17199714 16733890 -1135326 755694 0 X X 0 1 X 0 0 49730 41535 8195 57189 57189 0 8195 RIGHT-OF-USE ASSET - OPERATING LEASE 250561 ACCRUED INTEREST AND DIVIDENDS 49560 DUE TO RELATED PARTY 35483 OTHER RECEVIABLES 169479 STOP LOSS INSURANCE RECOVERABLE 588554 1093637 LEASE LIABILITIES 252694 252694 X 6151104 755694 755694 5395410 43296 43296 5438706 6530736 0 6530736 43296 43296 6574032 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE PLAN TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX YEARS IN PROGRESS. X 0 0 0 THOMAS STIEDE TRUSTEE 0 104000 0 8000 0 4956 0 50815 0 15544 0 183315 0 0 SHERRYL REEVES FUND ADMINISTRATOR 167377 0 0 0 0 0 7448 0 6780 0 181605 0 0 0 DAVID MCLIN TRUSTEE 0 91000 0 7000 0 327 0 50815 0 15544 0 164686 0 0 PATRICK BRUNO TRUSTEE 0 104000 0 8000 0 584 0 35531 0 15544 0 163659 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE INDEPENDENT CPA AND IS REVIEWED BY THE FUND ADMINISTRATOR PRIOR TO FILING WITH THE IRS. COPIES OF THE FILED FORM 990 ARE PROVIDED TO THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES, ALL OF WHOM ARE NOT COMPENSATED BY THE ORGANIZATION, DETERMINES AND APPROVES THE SALARY OF THE FUND ADMINISTRATOR. THE FUND ADMINSTRATOR'S SALARY AND FRINGE BENEFITS ARE SHARED WITH THE BEER INDUSTRY LOCAL UNION NO. 703 PENSION FUND (BEER PENSION FUND). THE FUND ADMINISTRATOR'S TOTAL COMPENSATION AND BENEFITS ARE LISTED IN PART VII, SECTION A. THESE AMOUNTS ARE ALLOCATED WITH THE BEER PENSION FUND. THE AMOUNT REPORTED ON PART IX, LINE 5 REPRESENTS THE AMOUNT OF THE FUND ADMINISTRATOR'S TOTAL COMPENSATION ALLOCATED TO THE ORGANIZATION. COMPENSATION FOR ALL EMPLOYEES OF THE ORGANIZATION IS DETERMINED AND APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, FORM 5500 (WHICH INCLUDES AUDITED ANNUAL FINANCIAL STATEMENTS) AND SUMMARY ANNUAL REPORT AVAILABLE FOR INSPECTION UPON REQUEST. OTHER GOVERNING DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY, ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC THOMAS STIEDE - 1333 BUTTERFIELD ROAD, SUITE 110, DOWNERS GROVE, IL 60515-5639. DAVID MCLIN - 1333 BUTTERFIELD ROAD, SUITE 110, DOWNERS GROVE, IL 60515-5639. PATRICK BRUNO - 1333 BUTTERFIELD ROAD, SUITE 110, DOWNERS GROVE, IL 60515-5639. BLAKE YANICS - 441 N. KILBOURN AVE., CHICAGO, IL 60624. DEVON ROBERTSON - 1315 N. BRANCH ST., SUITE F, CHICAGO, IL 60642. MICHAEL BURKE - 4900 S. VERNON AVE, MCCOOK, IL 60525. DREW COLLINS - 1333 BUTTERFIELD ROAD, SUITE 110, DOWNERS GROVE, IL 60515-5639. FORM 990, PART XI, LINE 2C: THE ENTIRE BOARD OF TRUSTEES REVIEWS AND APPROVES THE ORGANIZATION'S FINANCIAL STATEMENTS. THEY ARE ALSO IN CHARGE OF SELECTING AN INDEPENDENT ACCOUNTANT TO PERFORM THE AUDIT. BEER INDUSTRY - LOCAL UNION NO 703 PENSION FUND 18660 GRAPHIC DRIVE SUITE 202 TINLEY PARK IL 60477 366522619 DEFINED BENEFIT PENSION PLAN COVERING ELIGIBLE MEMBERS IL 401(A) N/A 0 BEER INDUSTRY LOCAL - UNION NO 703 INDIVIDUAL ACCOUNT PLAN 18660 GRAPHIC DRIVE SUITE 202 TINLEY PARK IL 60477 366522619 DEFINED CONTRIBUTION PLAN COVERING ELIGIBLE MEMBERS IL 401(A) N/A 0 INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL NO 703 1333 BUTTERFIELD ROAD SUITE 110 DOWNERS GROVE IL 60515 361264227 LABOR UNION IL 501(C)(5) N/A 0 BOARD OF TRUSTEES BEER INDUSTRY LOCAL UNION NO 703 HEALTH AND WELFARE FUND 18660 GRAPHIC DRIVE SUITE 202 TINLEY PARK IL 60477 366051305 PLAN SPONSOR AND ADMINISTRATOR IL 501(C)(9) N/A 0 BURKE BEVERAGE INC CONTRIBUTING EMPLOYER 0 CHICAGO BEVERAGE SYSTEMS LLC CONTRIBUTING EMPLOYER 0 LAKESHORE BEVERAGE CONTRIBUTING EMPLOYER 0 GRANT IMPTG & DISTR CO INC CONTRIBUTING EMPLOYER 0 HAYES BEER DISTRIBUTING CO CONTRIBUTING EMPLOYER 0 HOME JUICE COCO NATIONAL BEV CORP CONTRIBUTING EMPLOYER 0 JOSEPH MULLARKEY DISTR INC CONTRIBUTING EMPLOYER 0 TOWN & COUNTRY DISTRIBUTING INC CONTRIBUTING EMPLOYER 0 LOUIS GLUNZ INC CONTRIBUTING EMPLOYER 0 SCHAMBERGER BROTHERS INC CONTRIBUTING EMPLOYER 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1