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← INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 98 & EMPL COOP TR

Form 990 for tax year 2023

Filed by INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 98 & EMPL COOP TR.

Totals

Total revenue
$501,603
Total expenses
$303,999
Contributions and grants received
$0
Grants paid
$248,143
Program service revenue
$491,363
Investment income
$10,240
Other revenue
$0
Total assets, end of year
$908,228
Total liabilities, end of year
$22,346
Net assets or fund balances, end of year
$885,882
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' CONTRIB

    total $491,363 · related or exempt $491,363

  • 3 · Investment income

    total $10,240 · related or exempt $10,240

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $248,143

  • 11b · Fees: legal

    total $1,634

  • 11c · Fees: accounting

    total $12,000

  • 13 · Office expenses

    total $691

  • 23 · Insurance

    total $2,885

  • 24a · Other expenses: NET REIMBURSED EXP

    total $36,000

  • 24b · Other expenses: PUBLICATIONS

    total $2,646

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,117 · end of year $31,529

  • 2 · Savings and temporary cash investments

    beginning of year $647,719 · end of year $828,699

  • 4 · Accounts receivable

    beginning of year $45,001 · end of year $48,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,221 · end of year $12,116

  • 18 · Grants payable

    beginning of year $3,338

  • 25 · Other liabilities

    beginning of year $0 · end of year $10,230

  • 27 · Net assets without donor restrictions

    beginning of year $688,278 · end of year $885,882

Mission and programs · 2023

Mission

TO IMPROVE LABOR MANAGEMENT RELATIONSHIPS, PRESERVE EMPLOYMENT SECURITY, ENHANCE ECONOMIC DEVELOPMENT IN THE COMMUNITY AND IMPROVE COMMUNICATION WITH RESPECT TO INDIVIDUAL ADVANCEMENTS, AND TO PROMOTE THE ECONOMIC COMPETITIVENESS OF OPERATING ENGINEERS AND EMPLOYERS IN THE INDUSTRY, PRIMARILY BY AWARDING GRANTS TO ELIGIBLE EMPLOYERS WHO ARE COLLECTIVELY BARGAINED WITH THE UNION.

  • TO IMPROVE LABOR MANAGEMENT RELATIONSHIPS, PRESERVE EMPLOYMENT SECURITY, ENHANCE ECONOMIC DEVELOPMENT IN THE COMMUNITY AND IMPROVE COMMUNICATION WITH RESPECT TO INDIVIDUAL ADVANCEMENTS, AND TO PROMOTE THE ECONOMIC COMPETITIVENESS OF OPERATING ENGINEERS AND EMPLOYERS IN THE INDUSTRY, PRIMARILY BY AWARDING GRANTS TO ELIGIBLE EMPLOYERS WHO ARE COLLECTIVELY BARGAINED WITH THE UNION.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William D Fay

    UNION TRUSTEE/CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Darrin Auger

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jenna Rahkonen

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jonathan Pecoy - Eff 0323

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kara Richotte

    FUND ADMINISTRATOR

    Total calculated
    $189,184
    From this org
    $0
    From related orgs
    $110,790
    Other
    $78,394
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $110,249 related
    Bonus
    $0 + $541 related
    Other
    $0
    Deferred
    $0 + $50,286 related
    Nontaxable benefits
    $0 + $28,108 related
    Filer's total
    $0 + $189,184 related

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

  • 3 · Approval by the board or compensation committee

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)

FORM 990, SCHEDULE J, SUPPLEMENTAL INFORMATION:
KARA RICHOTTE RECEIVES COMPENSATION AND BENEFITS IN HER CAPACITY AS FUND ADMINISTRATOR OF THE RELATED PENSION, ANNUITY, COOPERATIVE TRUST, TRAINING, AND WELFARE FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THE WELFARE FUND WITH REIMBURSEMENTS MADE ACCORDINGLY. THE COOPERATIVE TRUST'S PORTION OF THESE EXPENSES IS 2% 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

  • CARACAS CONSTRUCTION CORP

    $39,955

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

  • JH MAXYMILLIAN INC

    $34,245

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

  • LUDLOW CONSTRUCTION CO INC

    $32,975

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

  • EUROVIA ATLANTIC COAST LLC

    $29,984

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

  • GAGLIARDUCCI CONST INC

    $29,979

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

  • BALTAZAR CONTRACTORS INC

    $14,977

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

  • NORTHERN GENERAL CONT INC

    $14,972

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

  • MASS-WEST CONSTRUCTION INC

    $12,986

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

  • DW WHITE CONSTRUCTION INC

    $10,191

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

  • AJ VIRGILO CONSTRUCTION INC

    $9,978

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
2 July 2024
IRS schema version
2023v5.1
Source object
202411849349301041

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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