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← OPERATING ENGINEERS LOCAL 112 HEALTH AND WELFARE TRUST

Form 990 for tax year 2022

Filed by OPERATING ENGINEERS LOCAL 112 HEALTH AND WELFARE TRUST.

Totals

Total revenue
$8,029,607
Total expenses
$10,711,492
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,508,691
Investment income
$517,174
Other revenue
$3,742
Total assets, end of year
$54,388,899
Total liabilities, end of year
$25,000
Net assets or fund balances, end of year
$54,363,899
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: EMPLOYER CONTRIBUTIONS

    total $7,508,691 · related or exempt $7,508,691

  • 3 · Investment income

    total $1,151,528 · excluded $1,151,528

  • 7a · Gross sales of assets other than inventory

    securities $27,710,022

  • 7b · Less cost or other basis and sales expenses

    securities $28,344,376

  • 7c · Gain or loss

    securities -$634,354

  • 7d · Net gain or loss

    total -$634,354 · excluded -$634,354

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,742 · related or exempt $3,742

  • 11e · Other revenue, total

    $3,742

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $9,100,406

  • 11b · Fees: legal

    total $10,697

  • 11c · Fees: accounting

    total $23,120

  • 11f · Fees: investment management

    total $101,501

  • 11g · Fees: other

    total $69,904

  • 14 · Information technology

    total $18,212

  • 23 · Insurance

    total $486,276

  • 24a · Other expenses: CLAIMS ADMINISTRATION

    total $621,833

  • 24b · Other expenses: ADMINISTRATIVE EXPENSES

    total $266,350

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $7,551

  • 24d · Other expenses: POSTAGE AND DELIVERY

    total $4,497

  • 24e · All other expenses

    total $1,145

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $357,855 · end of year $382,370

  • 2 · Savings and temporary cash investments

    beginning of year $2,157,583 · end of year $1,095,429

  • 4 · Accounts receivable

    end of year $1,080,320

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,679 · end of year $60,778

  • 10a · Land, buildings and equipment: cost or other basis

    $8,640

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,640

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $59,495,527 · end of year $51,562,291

  • 15 · Other assets

    beginning of year $172,591 · end of year $207,711

  • 25 · Other liabilities

    beginning of year $25,000 · end of year $25,000

  • 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 $62,168,235 · end of year $54,363,899

Mission and programs · 2022

Mission

PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE MEMBERS AND THEIR DEPENDENTS

  • THE PLAN PROVIDES MEDICAL, DENTAL, PHARMACY, VISION, LIFE AND SHORT-TERM DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. ALL BENEFITS ARE PROVIDED ON A SELF-FUNDED BASIS EXCEPT FOR LIFE, WHICH IS FULLY INSURED.

As filed on the 2022 return.

Listed in Part VII

  • Randall Hughes

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Tony Tidwell

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Erin Buck

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jim Barrett

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Guretzki

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

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.

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.

  • JANX

    CONTRIBUTING EMPLOYER · MI

  • MID AMERICAN INSPECTION

    CONTRIBUTING EMPLOYER · MI

  • PRIME NDT

    CONTRIBUTING EMPLOYER · PA

  • SHAW PIPELINE

    CONTRIBUTING EMPLOYER · OK

  • STANLEY INSPECTION

    CONTRIBUTING EMPLOYER · TX

  • TEI ANALYTICAL SERVICES

    CONTRIBUTING EMPLOYER · PA

  • UT QUALITY

    CONTRIBUTING EMPLOYER · TX

  • WAGGONER & ASSOCIATES

    CONTRIBUTING EMPLOYER · LA

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202333189349318813

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