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Filing year 2023

SMART LOCAL 265 WELFARE FUND

Carol Stream, Illinois·EIN 36-2356062·501(c)(9)
Total revenue
$33.6M
Total assets
$41.4M
Total expenses
$37.5M
Reported officers
13
Mission

PROVIDE HEALTH, DENTAL, PRESCRIPTION DRUG, VISION AND DEATH BENEFITS COVERING SUBSTANTIALLY ALL PARTICIPATING PERSONS UNDER THE SHEET METAL WORKERS LOCAL 265 UNION'S COLLECTIVE BARGAINING AGREEMENT.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Administrator
Highest Compensated Employee
75th to 90th percentile
$239k
$265k
Base
$175k
Bonus
Other
Benefits
$24k
Claims Manager
Highest Compensated Employee
Median to 75th percentile
$172k
$191k
Base
$108k
Bonus
Other
Benefits
$24k
Trustee
Board Member
Above 90th percentile
$113k
$125k
Trustee
Board Member
75th to 90th percentile
$102k
$113k
Trustee
Board Member
75th to 90th percentile
$98k
$109k
Trustee
Board Member
75th to 90th percentile
$98k
$108k
Trustee
Board Member
75th to 90th percentile
$98k
$108k
Trustee
Board Member
75th to 90th percentile
$97k
$107k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Up 3%
from 2022

From $233k in 2022 to $239k in 2023.

$233k
2022
$239k
2023
In today's dollarsEst.
Down 1% in real terms$267k to $265k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 3% from 2022 to 2023, while revenue rose 11%.

$233k in 2022 to $239k in 2023.
  • Board Member pay rose 3% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SMART LOCAL 265 WELFARE FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$30.2M
$34.4M
2022
$33.6M
$37.5M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SMART LOCAL 265 WELFARE FUND

What does the Highest Compensated Employee of SMART LOCAL 265 WELFARE FUND earn?

In 2023, the Highest Compensated Employee of SMART LOCAL 265 WELFARE FUND received $239,417 in total compensation. This pay is in the top quarter for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at SMART LOCAL 265 WELFARE FUND compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Highest Compensated Employee at SMART LOCAL 265 WELFARE FUND falls between the 75th and 90th percentiles.

What are SMART LOCAL 265 WELFARE FUND's revenue and expenses?

In 2023, SMART LOCAL 265 WELFARE FUND reported $33.6M in total revenue and $37.5M in total expenses on its IRS Form 990.

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