Form 990 for tax year 2023
Filed by INTERNATIONAL UNION OF OPERATING ENGINEERS-132 HEALTH & WELFARE FUN.
Totals
- Total revenue
- $39,866,789
- Total expenses
- $40,066,447
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $36,302,570
- Investment income
- $3,126,433
- Other revenue
- $437,786
- Total assets, end of year
- $138,340,273
- Total liabilities, end of year
- $1,605,932
- Net assets or fund balances, end of year
- $136,734,341
- Program services expenses (Part IX)
- $39,166,350
- Management and general expenses
- $900,097
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $39,166,350
Program services were 97.8% 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 Payments
total $34,611,874 · related or exempt $34,611,874
-
2b · Program service revenue: Member Payments
total $1,690,696 · related or exempt $1,690,696
-
3 · Investment income
total $2,601,307 · excluded $2,601,307
-
7a · Gross sales of assets other than inventory
securities $36,476,585
-
7b · Less cost or other basis and sales expenses
securities $35,951,459
-
7c · Gain or loss
securities $525,126
-
7d · Net gain or loss
total $525,126 · related or exempt $525,126
-
11a · Other revenue: Real Estate Income
total $545,066 · excluded $545,066
-
11b · Other revenue: Partnership Income
total -$107,280 · excluded -$107,280
-
11e · Other revenue, total
$437,786
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $38,949,275 · program services $38,949,275
-
7 · Other salaries and wages
total $165,401 · program services $33,080 · management and general $132,321
-
8 · Pension plan contributions
total $69,698 · program services $13,940 · management and general $55,758
-
9 · Other employee benefits
total $38,553 · program services $7,711 · management and general $30,842
-
10 · Payroll taxes
total $40,266 · program services $8,053 · management and general $32,213
-
11a · Fees: management
total $32,700 · program services $6,540 · management and general $26,160
-
11b · Fees: legal
total $23,328 · management and general $23,328
-
11c · Fees: accounting
total $55,239 · management and general $55,239
-
11f · Fees: investment management
total $411,167 · management and general $411,167
-
11g · Fees: other
total $25,750 · management and general $25,750
-
13 · Office expenses
total $15,488 · program services $7,745 · management and general $7,743
-
14 · Information technology
total $84,518 · program services $63,389 · management and general $21,129
-
16 · Occupancy
total $50,012 · program services $25,007 · management and general $25,005
-
19 · Conferences, conventions and meetings
total $12,854 · management and general $12,854
-
22 · Depreciation, depletion and amortization
total $2,313 · program services $1,157 · management and general $1,156
-
23 · Insurance
total $40,818 · program services $25,919 · management and general $14,899
-
24a · Other expenses: Postage and Shipping
total $49,067 · program services $24,534 · management and general $24,533
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $100 · end of year $2,163,964
-
2 · Savings and temporary cash investments
beginning of year $8,002,989 · end of year $6,493,304
-
4 · Accounts receivable
beginning of year $5,905,048 · end of year $5,531,557
-
10a · Land, buildings and equipment: cost or other basis
$44,764
-
10b · Land, buildings and equipment: accumulated depreciation
$42,220
-
10c · Land, buildings and equipment, net
beginning of year $4,857 · end of year $2,544
-
11 · Investments: publicly traded securities
beginning of year $116,654,333 · end of year $124,113,751
-
15 · Other assets
beginning of year $25,042 · end of year $35,153
-
17 · Accounts payable and accrued expenses
beginning of year $1,405,570 · end of year $1,605,932
-
27 · Net assets without donor restrictions
beginning of year $129,186,799 · end of year $136,734,341
Mission and programs · 2023
Mission
Health Insurance Benefits for Union Members
-
Area-wide, union-negotiated, union-management trusteed health and welfare benefit fund for members and retirees.
Expenses $39,166,350
As filed on the 2023 return.
Listed in Part VII
-
Charles Parker
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
D W Daniel Jr
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
John Farley
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Neil Huffman
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403249349301035
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.