International Union Of Operating Engineers 68-68a-68b
- Assets
- $47.9m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 26
- Location
- West Caldwell, NJ
- Founding
- 06/1945
- Data as of
- 12/2021
- EIN
- 22-1010975
Organization Overview
International Union Of Operating Engineers 68-68a-68b, operating under the name 68a-68b-68c-68d, is located in West Caldwell, NJ. The organization was established in 1945. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, 68a-68b-68c-68d employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 68a-68b-68c-68d is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, 68a-68b-68c-68d generated $12.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 3.1% 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
LABOR ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A LABOR UNION REPRESENTING ITS MEMBERSHIP THROUGH COLLECTIVE BARGAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Boylan Bus Agentpresidentpast | Officer | 39 | $276,749 |
Thomas Giblin Business Manager | Officer | 35 | $252,172 |
Charles J Mcdonald Bus Agenttrustee | Trustee | 39 | $192,135 |
Michael Mcglynn Bus Agtpresident | Officer | 40 | $189,325 |
Thomas Coyne Bus Agttrustee | Trustee | 40 | $186,548 |
Michael Lewis Bus Agtvice President | Officer | 40 | $176,894 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Decotiisfitzpatrickcole & Giblin Legal | 12/30/17 | $219,938 |
Pitta Llp Legal | 12/30/17 | $128,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,280,992 |
| 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 | $2,280,992 |
| Total Program Service Revenue | $7,574,814 |
| Investment income | $1,181,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,832 |
| Net Gain/Loss on Asset Sales | $1,448,556 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,561,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $133,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,548,053 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,435,850 |
| Pension plan accruals and contributions | $699,686 |
| Other employee benefits | $391,431 |
| Payroll taxes | $230,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $330,785 |
| Fees for services: Accounting | $35,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,335 |
| Fees for services: Other | $10,378 |
| Advertising and promotion | $3,864 |
| Office expenses | $157,181 |
| Information technology | $22,026 |
| Royalties | $0 |
| Occupancy | $213,481 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,222 |
| Interest | $0 |
| Payments to affiliates | $1,228,915 |
| Depreciation, depletion, and amortization | $148,933 |
| Insurance | $146,795 |
| All other expenses | $4,479 |
| Total functional expenses | $7,942,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,533,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,051,775 |
| Investments—publicly traded securities | $34,811,904 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,897,453 |
| Accounts payable and accrued expenses | $0 |
| 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 | $135,741 |
| Total liabilities | $135,741 |
| Net assets without donor restrictions | $47,761,712 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $47,897,453 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Union Of Operating Engineers 68-68a-68b has recieved totaling $30,205.
| Awarding Organization | Amount |
|---|---|
Operating Engineers Nationalcharity Fund Washington, DC PURPOSE: COVID-19 ASSISTANCE | $30,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Teachers New York, NY | $15,634,112 | $19,917,624 |
Sheetmetal Workers Local 12 Pittsburgh, PA | $43,864,039 | $19,934,211 |
International Brotherhood Of Electrical Workers Flushing, NY | $42,808,557 | $29,527,864 |
American Federation Of State County & Municipal Employees New York, NY | $5,666,474 | $18,719,600 |
Laboers International Union Of North America New York, NY | $82,959,218 | $20,599,249 |
Teamsters Local 97 Fund Clark, NJ | $4,130,996 | $17,509,914 |
International Union Of Operating Engineers 825 825 A&b Springfield, NJ | $42,119,361 | $15,523,159 |
Electrical Workers Local No 86 Insurance Fund Plan And Trust Rochester, NY | $26,301,983 | $18,525,409 |
International Union Of Painters And Allied Trades New York, NY | $30,422,741 | $16,478,287 |
International Brotherhood Of Teamsters New York, NY | $10,937,127 | $16,693,793 |
New York State Correctional Albany, NY | $26,423,975 | $18,262,137 |
Retail Wholesale & Department Store Union New York, NY | $50,504,227 | $15,796,954 |