Skip to content
ProPublica Donate
ProPublica Donate

Iron Workers Trust Fund 5

Organization summary

Type of Nonprofit

Designated as a Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$14.4M (2023)

Expenses
$19.6M (2023)

Total Assets
$52.5M (2023)

Total Liabilities
$9.54M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,432,146
Expenses
$19,629,067
Net Income
-$5,196,921
Net Assets
$42,910,124
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,725,880
95.1%
Investment Income $718,363
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$12,097
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $52,451,908
Total Liabilities $9,541,784
Net Assets $42,910,124
Compensation
Key Employees and Officers Compensation Related Other
Aaron Bast (Trustee) $0 $0 $0
Gary Armstrong (Trustee) $0 $0 $0
Raymond Cleland (Trustee) $0 $0 $0
William Beckman (Trustee) $0 $0 $0
Vic Cornellier (Trustee) $0 $0 $0
Carlos Portillo (Trustee) $0 $0 $0
Curt Johnson (Trustee) $0 $0 $0
Bill Heinold (Trustee) $0 $0 $0
Ken Wood (Trustee) $0 $0 $0
Chris Morgret (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,839,235
Expenses
$12,589,769
Net Income
$2,249,466
Net Assets
$47,176,748
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,329,773
96.6%
Investment Income $509,083
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $379
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $47,437,637
Total Liabilities $260,889
Net Assets $47,176,748
Compensation
Key Employees and Officers Compensation Related Other
Aaron Bast (Trustee) $0 $119,822 $92,977
Gary Armstrong (Trustee) $0 $100,984 $76,822
Raymond Cleland (Trustee) $0 $104,610 $83,961
William Beckman (Trustee) $0 $103,551 $83,411
Vic Cornellier (Trustee) $0 $0 $0
Rick Bailey (Trustee) $0 $0 $0
Curt Johnson (Trustee) $0 $0 $0
Bill Heinold (Trustee) $0 $0 $0
Ken Wood (Trustee) $0 $0 $0
Chris Morgret (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,719,245
Expenses
$11,691,948
Net Income
$3,027,297
Net Assets
$48,053,186
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,134,931
96.0%
Investment Income $447,436
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,373
0.2%
Net Inventory Sales $0
Other Revenue $114,505
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $48,333,170
Total Liabilities $279,984
Net Assets $48,053,186
Compensation
Key Employees and Officers Compensation Related Other
Aaron Bast (Trustee) $0 $129,823 $95,037
Gary Armstrong (Trustee) $0 $95,522 $83,561
Raymond Cleland (Trustee) $0 $99,299 $83,437
William Beckman (Trustee) $0 $98,127 $83,449
Vic Cornellier (Trustee) $0 $0 $0
Rick Bailey (Trustee) $0 $0 $0
Curt Johnson (Trustee) $0 $0 $0
Bill Heinold (Trustee) $0 $0 $0
Ken Wood (Trustee) $0 $0 $0
Chris Morgret (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,917,491
Expenses
$9,803,690
Net Income
$15,113,801
Net Assets
$43,142,994
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,029,420
68.3%
Investment Income $340,512
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $23,693
0.1%
Net Inventory Sales $0
Other Revenue $7,523,866
30.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $43,565,413
Total Liabilities $422,419
Net Assets $43,142,994
Compensation
Key Employees and Officers Compensation Related Other
Aaron Bast (Trustee) $0 $127,869 $97,085
Gary Armstrong (Trustee) $0 $0 $0
Raymond Cleland (Trustee) $0 $103,607 $83,762
William Beckman (Trustee) $0 $102,808 $81,958
Vic Cornellier (Trustee) $0 $0 $0
Rick Bailey (Trustee) $0 $0 $0
Curt Johnson (Trustee) $0 $0 $0
Bill Heinold (Trustee) $0 $0 $0
Ken Wood (Trustee) $0 $0 $0
Chris Morgret (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,378,839
Expenses
$8,554,877
Net Income
$5,823,962
Net Assets
$27,574,087
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,090,263
98.0%
Investment Income $288,576
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,899,060
Total Liabilities $324,973
Net Assets $27,574,087
Compensation
Key Employees and Officers Compensation Related Other
Aaron Bast (Trustee) $0 $122,656 $89,428
Ronald Borza Jr (Trustee) $0 $0 $750
Raymond Cleland (Trustee) $0 $103,428 $77,261
Christopher Bast (Trustee) $0 $0 $2,693
Vic Cornellier (Trustee) $0 $0 $0
Rick Bailey (Trustee) $0 $0 $0
Curt Johnson (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,855,685
Expenses
$9,031,114
Net Income
$6,824,571
Net Assets
$21,218,398
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,700,706
99.0%
Investment Income $154,979
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,548,666
Total Liabilities $330,268
Net Assets $21,218,398
Compensation
Key Employees and Officers Compensation Related Other
Chris Bast (Trustee) $291 $0 $347
Ronald Borza Jr (Trustee) $0 $0 $347
Aaron Bast (Trustee) $0 $117,658 $86,251
Ray Cleland (Trustee) $0 $96,061 $75,111
Vic Cornellier (Trustee) $0 $0 $0
Rick Bailey (Trustee) $0 $0 $0
Curt Johnson (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,404,552
Expenses
$7,611,034
Net Income
$7,793,518
Net Assets
$14,591,040
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,245,940
99.0%
Investment Income $1,694
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $156,918
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,776,186
Total Liabilities $185,146
Net Assets $14,591,040
Compensation
Key Employees and Officers Compensation Related Other
Chris Bast (Trustee) $1,438 $0 $2,561
Ronald Borza Jr (Trustee) $0 $0 $0
Aaron Bast (Trustee) $0 $115,370 $83,513
Vic Cornellier (Trustee) $0 $0 $0
John Rayner (Trustee) $0 $94,353 $70,213
Rick Bailey (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,226,336
Expenses
$10,811,384
Net Income
$1,414,952
Net Assets
$6,800,799
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,194,593
99.7%
Investment Income $31,927
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$25,567
Net Inventory Sales $0
Other Revenue $25,383
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,088,210
Total Liabilities $287,411
Net Assets $6,800,799
Compensation
Key Employees and Officers Compensation Related Other
Ronald Borza Jr (Trustee) $6,073 $0 $0
John Rayner (Trustee) $2,751 $95,684 $66,197
Aaron Bast (Trustee) $1,899 $102,144 $73,458
Chris Bast (Trustee) $1,862 $2,002 $0
Vic Cornellier (Trustee) $737 $0 $0
Rick Bailey (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,751,295
Expenses
$10,401,748
Net Income
-$650,453
Net Assets
$5,322,405
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,619,770
98.7%
Investment Income $58,712
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $35,440
0.4%
Net Inventory Sales $0
Other Revenue $37,373
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,540,281
Total Liabilities $217,876
Net Assets $5,322,405
Compensation
Key Employees and Officers Compensation Related Other
Ronald Borza Jr (Trustee) $3,433 $4,979 $172
Kendall Martin (Trustee) $2,244 $113,968 $75,775
John Rayner (Trustee) $2,137 $95,002 $65,741
Aaron Bast (Trustee) $1,981 $92,782 $65,920
Curt Johnson (Trustee) $1,302 $0 $0
Thomas Cornellier (Trustee) $415 $0 $0
Rick Bailey (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,889,860
Expenses
$9,586,270
Net Income
$303,590
Net Assets
$6,025,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,498,677
96.0%
Investment Income $73,256
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $317,927
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,243,610
Total Liabilities $217,663
Net Assets $6,025,947
Compensation
Key Employees and Officers Compensation Related Other
Ronald Borza Jr (Trustee) $3,364 $4,177 $968
Kendall Martin (Trustee) $1,455 $110,692 $69,220
Aaron Bast (Trustee) $702 $91,798 $62,542
John Rayner (Trustee) $702 $91,498 $59,466
Thomas Cornellier (Trustee) $0 $0 $0
Curt Johnson (Trustee) $0 $0 $0
Rick Bailey (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,831,029
Expenses
$10,044,651
Net Income
$786,378
Net Assets
$5,726,782
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,734,669
89.9%
Investment Income $61,758
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,173
0.2%
Net Inventory Sales $0
Other Revenue $1,012,429
9.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,852,058
Total Liabilities $125,276
Net Assets $5,726,782

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,568,269
Expenses
$9,279,856
Net Income
-$711,587
Net Assets
$4,968,115
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,581,069
> 100%
Investment Income $87,551
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$100,351
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,381,671
Total Liabilities $413,556
Net Assets $4,968,115

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,798,748
Expenses
$8,105,826
Net Income
-$1,307,078
Net Assets
$5,590,762
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,622,720
97.4%
Investment Income $147,562
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $28,466
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,880
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,648,184
Total Liabilities $57,422
Net Assets $5,590,762

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »