Form 990 for tax year 2025
Filed by INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND.
Totals
- Total revenue
- $152,799,256
- Total expenses
- $122,341,303
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $147,532,323
- Investment income
- $5,227,855
- Other revenue
- $39,078
- Total assets, end of year
- $166,973,703
- Total liabilities, end of year
- $29,213,409
- Net assets or fund balances, end of year
- $137,760,294
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: EMPLOYERS' CONTRIBUTIONS
total $106,050,151 · related or exempt $106,050,151
-
2b · Program service revenue: PARTICIPANTS VAC CONTRIB
total $41,482,172 · related or exempt $41,482,172
-
3 · Investment income
total $5,227,855 · excluded $5,227,855
-
11a · Other revenue: OTHER INCOME
total $39,078 · excluded $39,078
-
11e · Other revenue, total
$39,078
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $119,604,774
-
5 · Compensation of officers, directors and key employees
total $476,916
-
7 · Other salaries and wages
total $814,449
-
8 · Pension plan contributions
total $227,948
-
9 · Other employee benefits
total $208,523
-
10 · Payroll taxes
total $88,202
-
11b · Fees: legal
total $136,543
-
11c · Fees: accounting
total $272,032
-
11f · Fees: investment management
total $25,000
-
11g · Fees: other
total $80,250
-
13 · Office expenses
total $230,203
-
16 · Occupancy
total $120,136
-
19 · Conferences, conventions and meetings
total $1,696
-
23 · Insurance
total $54,631
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $39,747,940 · end of year $65,691,357
-
4 · Accounts receivable
beginning of year $3,010,301 · end of year $4,492,323
-
9 · Prepaid expenses and deferred charges
beginning of year $164,740 · end of year $226,996
-
10a · Land, buildings and equipment: cost or other basis
$865,141
-
10b · Land, buildings and equipment: accumulated depreciation
$865,141
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $89,293,668 · end of year $96,563,027
-
17 · Accounts payable and accrued expenses
beginning of year $3,218,161 · end of year $4,120,886
-
19 · Deferred revenue
beginning of year $49,944 · end of year $60,637
-
25 · Other liabilities
beginning of year $24,954,965 · end of year $25,031,886
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $103,993,579 · end of year $137,760,294
Mission and programs · 2025
Mission
TO PROVIDE MEDICAL, HOSPITAL, SURGICAL, OPTICAL, DENTAL, PRESCRIPTION DRUG, VACATION, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT AND SHORT TERM DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS.
-
TO PROVIDE MEDICAL, HOSPITAL, SURGICAL, OPTICAL, DENTAL, PRESCRIPTION DRUG, VACATION, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT AND SHORT TERM DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS.
As filed on the 2025 return.
Listed in Part VII
-
James T CallahanJAMES T CALLAHAN
ATERNATE UNION TRUSTEE EFF 09/25
- Total calculated
- $0
- Hours/week
- 1
-
Thomas A CallahanTHOMAS A CALLAHAN
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John W McNamaraJOHN W MCNAMARA
UNION TRUSTEE EFF 01/25
- Total calculated
- $0
- Hours/week
- 1
-
Michael SalgoMICHAEL SALGO
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert G WesselsROBERT G WESSELS
EMPLOYER TRUSTEE EFF 09/25
- Total calculated
- $0
- Hours/week
- 1
-
William TysonWILLIAM TYSON
EMPLOYER TRUSTEE THRU 9/25
- Total calculated
- $0
- Hours/week
- 1
-
Robert Shaw JrROBERT SHAW JR
ALTERNATE UNION TRUSTEE THRU 04/25
- Total calculated
- $0
- Hours/week
- 1
-
Anthony LarosaANTHONY LAROSA
ALTERNATE UNION TRUSTEE THRU 06/25
- Total calculated
- $0
- Hours/week
- 1
-
Catherine ChaseCATHERINE CHASE
FUND ADMINISTRATOR
- Total calculated
- $476,916
- From this org
- $396,825
- From related orgs
- $0
- Other
- $80,091
- Hours/week
- 17 + 23 related
Schedule J breakdown matched by us
- Base
- $375,266
- Bonus
- $21,559
- Other
- $0
- Deferred
- $46,688
- Nontaxable benefits
- $33,403
- Filer's total
- $476,916
-
Yasir I EltayebYASIR I ELTAYEB
IT SUPPORT
- Total calculated
- $338,849
- From this org
- $263,992
- From related orgs
- $0
- Other
- $74,857
- Hours/week
- 12 + 28 related
Schedule J breakdown matched by us
- Base
- $249,828
- Bonus
- $14,164
- Other
- $0
- Deferred
- $40,823
- Nontaxable benefits
- $34,034
- Filer's total
- $338,849
-
William G StantonWILLIAM G STANTON
IT SUPPORT
- Total calculated
- $333,097
- From this org
- $242,822
- From related orgs
- $0
- Other
- $90,275
- Hours/week
- 14 + 26 related
Schedule J breakdown matched by us
- Base
- $233,210
- Bonus
- $9,612
- Other
- $0
- Deferred
- $42,972
- Nontaxable benefits
- $47,303
- Filer's total
- $333,097
-
Richard A LopezRICHARD A LOPEZ
CLAIMS SPECIALIST
- Total calculated
- $280,306
- From this org
- $211,062
- From related orgs
- $0
- Other
- $69,244
- Hours/week
- 9 + 31 related
Schedule J breakdown matched by us
- Base
- $199,614
- Bonus
- $11,448
- Other
- $0
- Deferred
- $35,686
- Nontaxable benefits
- $33,558
- Filer's total
- $280,306
-
Vincent TuranoVINCENT TURANO
IT SUPPORT
- Total calculated
- $248,996
- From this org
- $178,200
- From related orgs
- $0
- Other
- $70,796
- Hours/week
- 9 + 31 related
Schedule J breakdown matched by us
- Base
- $169,240
- Bonus
- $8,960
- Other
- $0
- Deferred
- $33,514
- Nontaxable benefits
- $37,282
- Filer's total
- $248,996
-
Florence ChaseFLORENCE CHASE
CLAIMS SPECIALIST
- Total calculated
- $194,011
- From this org
- $132,305
- From related orgs
- $0
- Other
- $61,706
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $123,866
- Bonus
- $8,439
- Other
- $0
- Deferred
- $28,119
- Nontaxable benefits
- $33,587
- Filer's total
- $194,011
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- SUPPLEMENTAL INFORMATION
- THE FUND ADMINISTRATOR RECEIVES COMPENSATION AND BENEFITS IN THEIR CAPACITY AS FUND ADMINISTRATOR OF THIS ENTITY AND THE RELATED FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THE WELFARE FUND WITH REIMBURSEMENTS MADE ACCORDINGLY. THE WELFARE FUND PORTION OF THESE EXPENSES IS 42% OF THE GROSS AMOUNTS DETAILED ON SCHEDULE J, PART II.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LOCAL 15 IUOE APPRENTICESHIP SKILL IMPR
501(C)(3) · TO PROVIDE TRAINING & SKILL IMPROVEMENT · NY
-
IUOE LOCAL 15 ANNUITY FUND
501(A) · TO PROVIDE RETIREMENT BENEFITS · NY
-
IUOE LOCAL UNION 15 15A 15B 15C 15D 15G 15H AFL-CIO
501(C)(5) · TO PROVIDE UNION MEMBERS WITH REPRESENTA · NY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SEE SUPPLEMENTAL INFORMATION
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 30 June 2026
- IRS schema version
- 2025v4.2
- Source object
- 202601819349301800
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