Form 990 for tax year 2024
Filed by OPERATING ENGINEERS UNION 3 PENSIONED HEALTH & WELFARE FUND.
Totals
- Total revenue
- $125,268,149
- Total expenses
- $123,459,429
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $117,791,030
- Investment income
- $7,031,461
- Other revenue
- $445,658
- Total assets, end of year
- $295,309,473
- Total liabilities, end of year
- $14,589,515
- Net assets or fund balances, end of year
- $280,719,958
- 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: EMPLOYER CONTRIBUTIONS
total $84,367,959 · related or exempt $84,367,959 · unrelated business $0 · excluded $0
-
2b · Program service revenue: PARTICIPANT CONTRIBUTIONS
total $33,423,071 · related or exempt $33,423,071 · unrelated business $0 · excluded $0
-
3 · Investment income
total $8,888,186 · related or exempt $0 · unrelated business $0 · excluded $8,888,186
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $166,502,955
-
7b · Less cost or other basis and sales expenses
securities $168,359,680
-
7c · Gain or loss
securities -$1,856,725
-
7d · Net gain or loss
total -$1,856,725 · related or exempt $0 · unrelated business $0 · excluded -$1,856,725
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: LIQUIDATED DAMAGES
total $81,010 · related or exempt $81,010 · unrelated business $0 · excluded $0
-
11b · Other revenue: OTHER INCOME
total $364,648 · related or exempt $364,648 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$445,658
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $115,185,971
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $3,475,125
-
11b · Fees: legal
total $46,018
-
11c · Fees: accounting
total $48,900
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $533,298
-
11g · Fees: other
total $220,150
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $68,829
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $195,671
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $56,589
-
24a · Other expenses: PROVIDER ADMINISTRATION FEES
total $2,456,188
-
24b · Other expenses: MPSA INC. ADMIN FEE
total $800,704
-
24c · Other expenses: ZELIS FEES
total $363,835
-
24d · Other expenses: PCORI FEES
total $8,151
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $25,917,910 · end of year $19,803,569
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $31,076,313 · end of year $34,739,825
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $2,724 · end of year $46,107
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $172,913,110 · end of year $183,241,475
-
12 · Investments: other securities
beginning of year $53,680,205 · end of year $57,478,497
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $254,707 · end of year $293,313
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $339,901 · end of year $373,194
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $11,080,366 · end of year $13,923,008
-
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 $271,915,288 · end of year $280,719,958
Mission and programs · 2024
Mission
TO PROVIDE HEALTHCARE BENEFITS DURING RETIREMENT TO ELIGIBLE OPERATING ENGINEERS COVERED BY COLLECTIVE BARGAINING AGREEMENTS.
-
TO PROVIDE HEALTHCARE BENEFITS DURING RETIREMENT TO ELIGIBLE OPERATING ENGINEERS COVERED BY COLLECTIVE BARGAINING AGREEMENTS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kevin J AlbaneseKEVIN J ALBANESE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Thomas HolsmanTHOMAS HOLSMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Tom SqueriTOM SQUERI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lance InouyeLANCE INOUYE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
James E MurrayJAMES E MURRAY
CO-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Justin DistonJUSTIN DISTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 48 related
-
David R StantonDAVID R STANTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bruce NoelBRUCE NOEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 48 related
-
Dan RedingDAN REDING
CO-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2 + 48 related
-
Garret UpdikeGARRET UPDIKE
TRUSTEE(FORMER)
- Total calculated
- $0
- Hours/week
- 2
-
Nate TuckerNATE TUCKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 48 related
-
Fg CrosthwaiteFG CROSTHWAITE
TRUSTEE(FORMER)
- Total calculated
- $0
- Hours/week
- 2
-
David HarrisonDAVID HARRISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 48 related
-
Frank WilliamsFRANK WILLIAMS
TRUSTEE(FORMER)
- Total calculated
- $0
- Hours/week
- 2
-
Patty Dutra BrucePATTY DUTRA BRUCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Charles LaveryCHARLES LAVERY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 48 related
-
Brandon DewBRANDON DEW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 48 related
-
John RectorJOHN RECTOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 48 related
-
Jim JacobsJIM JACOBS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 48 related
-
Jenna CarlsonJENNA CARLSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jeff CochranJEFF COCHRAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kurtis FraileyKURTIS FRAILEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dean FadeffDEAN FADEFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 48 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.
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.
-
501(C)(3) · SHARED EXP · CA
Directly controlled by NO
-
PENSION TRUST FUND FOR OPER ENGINEERS
410 · TRUST FUND · CA
Directly controlled by NO
-
INT'L UNION OF OPERATING ENG LO UION 3
501(C)(5) · LABOR UNION · CA
Directly controlled by NA
-
SEE SUPPLEMENTAL INFORMATION
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.
-
SEE SUPPLEMENTAL INFORMATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SEE SUPPLEMENTAL INFORMATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533059349300318
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