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Line Construction Benefit Fund

Not tax-deductible

Lombard, ILMutual-benefit / member-servingSince 1963Mutual / membership EIN 36-6066988Revenue $1.4B in FY2025

On file with the IRSlineco.org821 Parkview Blvd, 60148-3230 · Lombard, ILTax-exempt since Jun 1964

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Provide health and welfare benefits for eligible members.

$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $156.3M a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$1.3M
to officers and key staff · 0.1% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Plus $1.78B in investments, Pt X · Ln 11–13
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21.8M
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 18 voting members
Fine: 9 of 18 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4B
+15% vs prior year
Spent
$1.2B
Net assets
$2.1B
By yearFY2020–FY2025
Revenue
$1.4B
FY2025▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$883.3M
FY2021$1.0B
FY2022$1.1B
FY2023$1.1B
FY2024$1.2B
FY2025$1.4B
Expenses
$1.2B
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$680.9M
FY2021$822.2M
FY2022$912.9M
FY2023$1.0B
FY2024$1.1B
FY2025$1.2B
Net assets
$2.1B
FY2025▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2B
FY2021$1.5B
FY2022$1.5B
FY2023$1.7B
FY2024$1.9B
FY2025$2.1B

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

26 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
Kevin Chesniak
Executive Director
$488,000Pt VII · Sec A
Mary Garite
Director of Operations
$205,324Pt VII · Sec A
Jeffrey Marshall
IT Director
$175,029Pt VII · Sec A
Kathlyn Hames
Claims Manager
$159,832Pt VII · Sec A
$159,777Pt VII · Sec A
Mary Hayes
HR Manager
$140,306Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kevin Chesniak$488,000$468,000$447,231$422,727$289,034$279,672
Mary Garite$205,324$196,584$189,288$171,507$141,795$137,231
Jeffrey Marshall$175,029$167,554$160,885$153,344$146,609$142,845
Kathlyn Hames$159,832$153,079$147,054$140,241$132,655$121,884
David Mineau$159,777$153,026$147,002$140,192$134,438$128,696
Mary Hayes$140,306$134,393$129,119$123,154$118,053$113,784

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides health and welfare benefits for eligible members.

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1 program · in their own filed words · FY2025
01

Provide health and welfare benefits for eligible members.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4B
Ln 12
Fees for servicesLn 2g$1.3B
Investment incomeLn 3$79.2M
Other incomeLn 4–11$3.0M
Money outPt IX
$1.2B
Ln 25
Owns and owesPt X
$2.1B
net assets · Ln 32
Cash and savingsLn 1–2$246.3M
Total assetsLn 16$2.2B
LiabilitiesLn 26$21.8M
PeoplePt VI, VII
26
listed · VII A
PaidVII A6
Voting boardVI 1a18
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3B
Investment incomeLn 3$79.2M
Other incomeLn 4–11$3.0M
Gains on assetsLn 7$52.4M
Total revenueLn 12$1.4B
Assets in detailPt X, end of year
CashLn 1$9.7M
SavingsLn 2$236.6M
Cash and savings togetherLn 1–2$246.3M
InvestmentsLn 11–13$1.78B
Land, buildings, equipmentLn 10c$540K
Other assetsLn 15$4.3M
Total assetsLn 16$2.2B
LiabilitiesLn 26$21.8M
Net assetsLn 32$2.1B
OperationsPt I, VI
EmployeesI 5102
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$237.6M$246.3M
InvestmentsLn 11–13$1.51B$1.78B
Land, buildings, equipmentLn 10c$329K$540K
Total assetsLn 16$1.88B$2.16B
LiabilitiesLn 26$11.1M$21.8M
Net assetsLn 32$1.86B$2.14B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$1.20B
Pay of current officers, directors and key staffLn 5$585K
Other salaries and wagesLn 7$7.1M
Pension plan contributionsLn 8$1.6M
Other employee benefitsLn 9$1.4M
Payroll taxesLn 10$702K
Legal feesLn 11b$336K
Accounting feesLn 11c$328K
Investment management feesLn 11f$1.6M
Other fees for servicesLn 11g$756K
Office expensesLn 13$2.0M
Information technologyLn 14$1.2M
OccupancyLn 16$509K
Conferences, conventions and meetingsLn 19$209K
Depreciation, depletion and amortizationLn 22$151K
InsuranceLn 23$304K
Other expenses (24a–d)Ln 24$466K
Total functional expensesLn 25$1.22B

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.4B$1.2B$170.0M$2.1B 990 PDF
FY2024 $1.2B$1.1B$104.6M$1.9B 990 PDF
FY2023 $1.1B$1.0B$97.0M$1.7B 990 PDF
FY2022 $1.1B$912.9M$178.2M$1.5B 990 PDF
FY2021 $1.0B$822.2M$185.7M$1.5B 990 PDF
FY2020 $883.3M$680.9M$202.5M$1.2B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,386,911,518 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,177,556,158$1,304,769,536
I-10 Investment incomePrior year $30,304,024$79,173,886
I-11 Other revenuePrior year $237,540$2,968,096
I-12 Total revenuePrior year $1,208,097,722$1,386,911,518
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $1,085,333,587$1,197,534,276
I-15 Salaries and benefitsPrior year $10,565,370$11,411,237
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,630,501$7,926,047
I-18 Total expensesPrior year $1,103,529,458$1,216,871,560
I-19 Revenue less expensesPrior year $104,568,264$170,039,958
Part VI · Governance 9 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,386,911,518 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,304,769,536$1,304,769,536
VIII-3 Investment incomeExcluded from tax $26,811,187$26,811,187
VIII-7 Net gain or loss on sales of assetsExcluded from tax $52,362,699$52,362,699
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,968,096$2,968,096
VIII-12 Total revenueRelated to mission $1,304,769,536 · Unrelated business $0 · Excluded from tax $82,141,982$1,386,911,518
Part IX · Statement of functional expenses $1,216,871,560 across 17 lines filed
IX-4 Benefits paid to or for members$1,197,534,276
IX-5 Pay of current officers, directors and key staff$585,482
IX-7 Other salaries and wages$7,125,724
IX-8 Pension plan contributions$1,619,375
IX-9 Other employee benefits$1,378,721
IX-10 Payroll taxes$701,935
IX-11b Legal fees$336,135
IX-11c Accounting fees$328,439
IX-11f Investment management fees$1,627,728
IX-11g Other fees for services$755,501
IX-13 Office expenses$2,017,067
IX-14 Information technology$1,221,857
IX-16 Occupancy$508,932
IX-19 Conferences, conventions and meetings$208,847
IX-22 Depreciation, depletion and amortization$150,565
IX-23 Insurance$304,495
IX-24 Other expenses (24a–d)$466,481
IX-25 Total functional expenses$1,216,871,560
Part X · Balance sheet $2,163,604,586 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $12,983,938$9,735,171
X-2 Savings and temporary cash investmentsStart of year $224,627,637$236,550,024
X-4 Accounts receivableStart of year $128,788,482$128,321,042
X-9 Prepaid expenses and deferred chargesStart of year $425,146$709,767
X-10c Land, buildings and equipment, netStart of year $329,003$539,680
X-11 Publicly traded securitiesStart of year $337,126,577$451,510,988
X-12 Other securitiesStart of year $1,168,935,515$1,331,934,234
X-15 Other assetsStart of year $2,540,521$4,303,680
X-16 Total assetsStart of year $1,875,756,819$2,163,604,586
X-17 Accounts payable and accrued expensesStart of year $3,010,520$2,684,793
X-19 Deferred revenueStart of year $4,778,906$4,822,413
X-25 Other liabilitiesStart of year $3,344,319$14,259,279
X-26 Total liabilitiesStart of year $11,133,745$21,766,485
X-32 Total net assets or fund balancesStart of year $1,864,623,074$2,141,838,101
X-33 Total liabilities and net assetsStart of year $1,875,756,819$2,163,604,586
Part XI · Reconciliation of net assets $2,141,838,101 net assets at year end
XI-1 Total revenue$1,386,911,518
XI-2 Total expenses$1,216,871,560
XI-3 Revenue less expenses$170,039,958
XI-4 Net assets at start of year$1,864,623,074
XI-5 Net unrealized gains (losses) on investments$107,175,069
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,141,838,101

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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