Form 990 for tax year 2023
Filed by INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 98.
Totals
- Total revenue
- $16,668,641
- Total expenses
- $14,912,457
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $16,285,580
- Investment income
- $383,061
- Other revenue
- $0
- Total assets, end of year
- $20,103,623
- Total liabilities, end of year
- $434,167
- Net assets or fund balances, end of year
- $19,669,456
- 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 $16,173,554 · related or exempt $16,173,554
-
2b · Program service revenue: PARTCIPANTS' CONTRIB.
total $112,026 · related or exempt $112,026
-
3 · Investment income
total $383,061 · excluded $383,061
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $14,272,965
-
5 · Compensation of officers, directors and key employees
total $189,184
-
7 · Other salaries and wages
total $193,836
-
8 · Pension plan contributions
total $134,666
-
9 · Other employee benefits
total $87,267
-
10 · Payroll taxes
total $40,822
-
11b · Fees: legal
total $59,168
-
11c · Fees: accounting
total $302,626
-
11f · Fees: investment management
total $23,625
-
11g · Fees: other
total $92,750
-
13 · Office expenses
total $37,872
-
14 · Information technology
total $108,873
-
16 · Occupancy
total $54,408
-
19 · Conferences, conventions and meetings
total $15,754
-
22 · Depreciation, depletion and amortization
total $2,381
-
23 · Insurance
total $47,885
-
24a · Other expenses: REIMB OF COLLECTION EXP
total -$177,625
-
24b · Other expenses: REIMB FROM REL. ORG.
total -$574,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,881,085 · end of year $5,922,980
-
4 · Accounts receivable
beginning of year $1,356,515 · end of year $1,668,501
-
9 · Prepaid expenses and deferred charges
beginning of year $105,479 · end of year $1,253,158
-
10a · Land, buildings and equipment: cost or other basis
$43,910
-
10b · Land, buildings and equipment: accumulated depreciation
$29,544
-
10c · Land, buildings and equipment, net
beginning of year $11,346 · end of year $14,366
-
11 · Investments: publicly traded securities
beginning of year $10,346,236 · end of year $11,244,618
-
17 · Accounts payable and accrued expenses
beginning of year $288,362 · end of year $414,167
-
25 · Other liabilities
beginning of year $46,000 · end of year $20,000
-
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 $17,366,299 · end of year $19,669,456
Mission and programs · 2023
Mission
TO PROVIDE HEALTH CARE AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
-
TO PROVIDE HEALTH CARE AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
As filed on the 2023 return.
Listed in Part VII
-
William D FayWILLIAM D FAY
UNION TRUSTEE/CHAIRMAN
- Total calculated
- $200,930
- From this org
- $0
- From related orgs
- $122,736
- Other
- $78,194
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $119,036 related
- Bonus
- $0
- Other
- $0 + $3,700 related
- Deferred
- $0 + $50,104 related
- Nontaxable benefits
- $0 + $28,090 related
- Filer's total
- $0 + $200,930 related
-
David KazimierczakDAVID KAZIMIERCZAK
UNION TRUSTEE
- Total calculated
- $181,098
- From this org
- $0
- From related orgs
- $102,904
- Other
- $78,194
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $99,704 related
- Bonus
- $0
- Other
- $0 + $3,200 related
- Deferred
- $0 + $50,104 related
- Nontaxable benefits
- $0 + $28,090 related
- Filer's total
- $0 + $181,098 related
-
Darrin AugerDARRIN AUGER
UNION TRUSTEE
- Total calculated
- $175,242
- From this org
- $0
- From related orgs
- $97,048
- Other
- $78,194
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $93,398 related
- Bonus
- $0
- Other
- $0 + $3,650 related
- Deferred
- $0 + $50,104 related
- Nontaxable benefits
- $0 + $28,090 related
- Filer's total
- $0 + $175,242 related
-
Christopher GagliarducciCHRISTOPHER GAGLIARDUCCI
EMPLOYER TRUSTEE/SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Jenna RahkonenJENNA RAHKONEN
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Kara RichotteKARA RICHOTTE
FUND ADMINISTRATOR
- Total calculated
- $189,184
- From this org
- $110,790
- From related orgs
- $0
- Other
- $78,394
- Hours/week
- 13 + 27 related
Schedule J breakdown matched by us
- Base
- $110,249
- Bonus
- $541
- Other
- $0
- Deferred
- $50,286
- Nontaxable benefits
- $28,108
- Filer's total
- $189,184
-
Jonathan PecoyJONATHAN PECOY
EMPLOYER TRUSTEE - EFF 3/2023
- Total calculated
- $0
- Hours/week
- 1 + 3 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 EXPLANATION:
- 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 WELFARE FUND'S PORTION OF THESE EXPENSES IS 32% 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
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 LOCAL 98 ANNUITY FUND
501(A) · PROVIDE RET BENEFITS TO PARTICIPANTS · MA
-
IUOE LOCAL 98 PENSION FUND
501(A) · PROVIDE RET BENEFITS TO PARTICIPANTS · MA
-
IUOE LOCAL 98 EMPLOYERS COOP TR
501(C)(5) · TO IMPROVE LABOR MGMT REL, SECURE EMPLOYMENT · MA
-
LOCAL 98 ENG JT TR RETRAINING AP & TR FD
501(C)(3) · PROVIDE TRAINING, SKILL IMPROVEMENT AND SAFETY EDUCATION · MA
-
501(C)5 · LABOR UNION · MA
-
TOWN OF SPRINGFIELD
MUNICIPAL GOVERNMENT · VT
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.
-
SEE SCHEDULE R SUPPLEMENTAL INFORMATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202441849349300309
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