International Union Of Operating Engineers
- Assets
- $119.3m
- Revenue
- $74.9m
- Investments
- $28.8m
- Employees
- 23
- Location
- Medway, MA
- Founding
- 01/1959
- Data as of
- 12/2021
- EIN
- 04-6040880
Organization Overview
International Union Of Operating Engineers is located in Medway, MA. The organization was established in 1959. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, International Union Of Operating Engineers employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Union Of Operating Engineers is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, International Union Of Operating Engineers generated $74.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $66.7m during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory A Geiman Fund Administrator | Officer | 14 | $236,456 |
Rebecca Zaccardi Controller | 12 | $149,216 | |
Donald Christy Collections Manager | 15 | $120,710 | |
Laura-Jean Hickey Assistant Fund Admin | 24 | $117,990 | |
Paul C Diminico Union Trustee | Trustee | 1 | $0 |
David F Fantini - Thru 121 Union Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Of Mass Medical | 12/30/21 | $1,787,799 |
Segal Roitman Llp Legal | 12/30/21 | $280,219 |
Prudent Rx Medical | 12/30/21 | $250,089 |
Modern Assistance Programs Medical | 12/30/21 | $129,574 |
Law Office Of Kathryn S Shea Legal | 12/30/21 | $112,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $74,067,332 |
| Investment income | $1,042,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$201,232 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,908,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $65,111,307 |
| Compensation of current officers, directors, key employees. | $293,996 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,159,894 |
| Pension plan accruals and contributions | $476,609 |
| Other employee benefits | $147,132 |
| Payroll taxes | $132,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163,019 |
| Fees for services: Accounting | $81,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $102,236 |
| Fees for services: Other | $171,250 |
| Advertising and promotion | $0 |
| Office expenses | $138,530 |
| Information technology | $114,211 |
| Royalties | $0 |
| Occupancy | $23,061 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $1,045 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,091 |
| Insurance | $16,149 |
| All other expenses | $0 |
| Total functional expenses | $66,737,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,458,609 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,654,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $87,853 |
| Net Land, buildings, and equipment | $3,292 |
| Investments—publicly traded securities | $66,333,101 |
| Investments—other securities | $28,758,533 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,296,293 |
| Accounts payable and accrued expenses | $124,499 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,805,719 |
| Total liabilities | $6,930,218 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $112,366,075 |
| Total liabilities and net assets/fund balances | $119,296,293 |