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← OPERATING ENGINEERS LOCAL 474 HEALTH AND WELFARE FUND

Form 990 for tax year 2023

Filed by OPERATING ENGINEERS LOCAL 474 HEALTH AND WELFARE FUND.

Totals

Total revenue
$4,149,009
Total expenses
$4,361,575
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,433,267
Investment income
$709,930
Other revenue
$5,812
Total assets, end of year
$12,424,955
Total liabilities, end of year
$23,924
Net assets or fund balances, end of year
$12,401,031
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 $3,391,147 · related or exempt $3,391,147

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $42,120 · related or exempt $42,120

  • 3 · Investment income

    total $736,741 · excluded $736,741

  • 7a · Gross sales of assets other than inventory

    securities $600,075

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

    securities $626,886

  • 7c · Gain or loss

    securities -$26,811

  • 7d · Net gain or loss

    total -$26,811 · excluded -$26,811

  • 11a · Other revenue: SUBROGATION REFUNDS

    total $3,638 · related or exempt $3,638

  • 11b · Other revenue: LATE PENALTIES

    total $1,524 · related or exempt $1,524

  • 11c · Other revenue: CLAIMS REFUNDS

    total $650 · related or exempt $650

  • 11e · Other revenue, total

    $5,812

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,907,003

  • 10 · Payroll taxes

    total $2,865

  • 11a · Fees: management

    total $108,000

  • 11b · Fees: legal

    total $1,730

  • 11c · Fees: accounting

    total $11,150

  • 11f · Fees: investment management

    total $18,286

  • 11g · Fees: other

    total $139,728

  • 13 · Office expenses

    total $3,868

  • 19 · Conferences, conventions and meetings

    total $4,265

  • 23 · Insurance

    total $149,235

  • 24a · Other expenses: FIDUCIARY LIABILITY INS.

    total $5,698

  • 24b · Other expenses: PCORI FEE

    total $2,586

  • 24c · Other expenses: BANK CHARGES

    total $2,274

  • 24d · Other expenses: CYBER LIABILITY INSURANCE

    total $1,858

  • 24e · All other expenses

    total $3,029

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $458,729 · end of year $168,714

  • 4 · Accounts receivable

    beginning of year $312,084 · end of year $273,024

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,346 · end of year $5,140

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

    $1,836

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

    $1,836

  • 11 · Investments: publicly traded securities

    beginning of year $4,821,555 · end of year $4,549,495

  • 12 · Investments: other securities

    beginning of year $7,046,668 · end of year $7,428,582

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,785 · end of year $23,924

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,613,597 · end of year $12,401,031

Mission and programs · 2023

Mission

THE PROVISION OF BENEFITS TO PARTICIPANTS.

  • THE PROVISION OF HEALTH, DENTAL, VISION, TEMPORARY DISABILITY AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.

As filed on the 2023 return.

Listed in Part VII

  • Matthew Bennett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James L Boykin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Allen Braswell

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Michael Butler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chris Rowland

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Kris Skinner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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.

  • IUOE NATIONAL TRAINING FUND - JOB C

  • OPERATING ENGINEERS LOCAL 474

  • OPERATING ENGINEERS LOCAL 474 APPRE

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BLACK RIVER CRANE & RIGGING

  • ESW PLANT SERVICES

  • MAXIM CRANE

  • RAGNAR BENSON

  • RAMPART HYDRO SERVICES

  • TURBINEPROS

  • VULCAN INDUSTRIAL

  • WILLIAMS SERVICE GROUP

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALBERICI CONSTRUCTORS

  • ALLEN & GRAHAM

  • ARC-RITE INDUSTRIAL CONTRACTORS

  • ATLANTIC PLANT MAINTENANCE

  • BELL CRANE & RIGGING

  • BLANKENSHIP GROUP

  • BOYKIN ERECTORS

  • BUNN ENTERPRISES

  • CA MURREN & SONS

  • CR MEYER

  • CW SERVICES

  • CHAMPION SPECIALTY SERVICES

  • CRAWFORD BOILER

  • CUSTOM SERVICE CRANE

  • DAY & ZIMMERMANN

  • ERYSCON CRANE

  • GRIFFIN INDUSTRIES

  • INDEPENDENCE EXCAVATING

  • JN THOMPSON CONSTRUCTION

  • KELLER NORTH AMERICA

  • MACALJON

  • MCABEE CONSTRUCTION

  • MILTON J WOOD COMPANY

  • MORGAN CORPORATION

  • OGEECHEE STEEL

  • OWENS & PRIDGEN

  • PISTOL'S INDUSTRIAL

  • QUINLAN ENTERPRISES

  • REENO EXCAVATING

  • RICHMOND COUNTY CONSTRUCTORS

  • RUSSO CORPORATION

  • THE MCGRALEY COMPANY

  • TIM'S CRANE & RIGGING

Provenance

Return type
form_990
Tax year
2023
Filed
24 March 2025
IRS schema version
2023v6.0
Source object
202501039349300220

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