Form 990 for tax year 2023
Filed by OPERATING ENG LOCAL 66 WELFARE FUND.
Totals
- Total revenue
- $74,139,937
- Total expenses
- $65,553,470
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $66,201,462
- Investment income
- $7,709,212
- Other revenue
- $229,263
- Total assets, end of year
- $280,515,866
- Total liabilities, end of year
- $745,610
- Net assets or fund balances, end of year
- $279,770,256
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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 $63,806,617 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Employee Contribution
total $2,394,845 · unrelated business $0 · excluded $0
-
3 · Investment income
total $7,396,900 · unrelated business $0 · excluded $7,396,900
-
7a · Gross sales of assets other than inventory
securities $52,377,749
-
7b · Less cost or other basis and sales expenses
securities $52,065,437
-
7c · Gain or loss
securities $312,312
-
7d · Net gain or loss
total $312,312 · related or exempt $0 · unrelated business $0 · excluded $312,312
-
11a · Other revenue: MISC INCOME
total $229,263 · related or exempt $0 · unrelated business $0 · excluded $229,263
-
11e · Other revenue, total
$229,263
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $64,197,777 · program services $0
-
11b · Fees: legal
total $61,380 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $25,000 · program services $0 · management and general $0 · fundraising $0
-
11f · Fees: investment management
total $239,296 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $38,051 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $24,213 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Actuary
total $70,000 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: Dues and Fees
total $31,718 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: Administrative Fee
total $852,686 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $13,349 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $524,645 · end of year $2,304,636
-
2 · Savings and temporary cash investments
beginning of year $23,705,265 · end of year $19,961,700
-
4 · Accounts receivable
beginning of year $7,780,171 · end of year $8,255,010
-
9 · Prepaid expenses and deferred charges
beginning of year $30,136 · end of year $32,820
-
11 · Investments: publicly traded securities
beginning of year $222,829,209 · end of year $243,031,091
-
15 · Other assets
beginning of year $4,974,705 · end of year $6,930,609
-
17 · Accounts payable and accrued expenses
beginning of year $228,422 · end of year $204,147
-
25 · Other liabilities
beginning of year $566,768 · end of year $541,463
-
29 · Capital stock, trust principal or current funds
beginning of year $259,048,941 · end of year $279,770,256
Mission and programs · 2023
Mission
To pay welfare benefits
-
To provide medical benefits to members and their dependents through both insurance and self-funded programs.
As filed on the 2023 return.
Listed in Part VII
-
Thomas Melisko JrTHOMAS MELISKO JR
EMPLOYEE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Shawn BertiauxSHAWN BERTIAUX
EMPLOYEE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Archie GrahamARCHIE GRAHAM
EMPLOYEE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
John HackJOHN HACK
EMPLOYEE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Brian WydickBRIAN WYDICK
EMPLOYEE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Mark SheplerMARK SHEPLER
EMPLOYEE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Jesse DirennaJESSE DIRENNA
EMPLOYEE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Ali MillsALI MILLS
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Mark GentileMARK GENTILE
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Douglas MositesDOUGLAS MOSITES
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Dave DaquelenteDAVE DAQUELENTE
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Gary HartmanGARY HARTMAN
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Charles J WisniewskiCHARLES J WISNIEWSKI
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Jon O'BrienJON O'BRIEN
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202401779349300135
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