Operating Engineers Joint Sub Fund Of Eastern Pa & Delaware
- Assets
- $24.0m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 1,376
- Location
- Fort Washington, PA
- Founding
- 11/1979
- Data as of
- 12/2023
- EIN
- 23-2075110
Organization Overview
Operating Engineers Joint Sub Fund Of Eastern Pa & Delaware is located in Fort Washington, PA. The organization was established in 1979. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Operating Engineers Joint Sub Fund Of Eastern PA & Delaware employed 1,376 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operating Engineers Joint Sub Fund Of Eastern PA & Delaware is a 501(c)(17) and as such, is described as a "Supplemental Unemployment Benefit Trust" by the IRS.
For the year ending 12/2023, Operating Engineers Joint Sub Fund Of Eastern PA & Delaware generated $5.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS FOR ELIGIBLE MEMBERS OF IUOE LOCAL 542.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS FOR ELIGIBLE MEMBERS OF IUOE LOCAL 542.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Davis Employer Trustee | Trustee | 2 | $0 |
Thomas Danese Union Trustee | Trustee | 2 | $0 |
Michael J Driscoll Jr Employer Trustee | Trustee | 2 | $0 |
Fran Pietrini Employer Trustee | Trustee | 2 | $0 |
Chris Lodge Union Trustee | Trustee | 2 | $0 |
Rob Walsh Union Trustee | Trustee | 2 | $0 |
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 | $5,193,612 |
| Investment income | $441,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$154,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,480,636 |
| 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 | $3,417,388 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,259 |
| Pension plan accruals and contributions | $134,905 |
| Other employee benefits | $38,775 |
| Payroll taxes | $20,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,245 |
| Fees for services: Accounting | $33,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,256 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,511 |
| Information technology | $5,297 |
| Royalties | $0 |
| Occupancy | $29,777 |
| Travel | $4,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,563 |
| All other expenses | $3,193 |
| Total functional expenses | $4,064,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,543,892 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $689,101 |
| 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 | $12,457 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,653,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,442 |
| Total assets | $24,008,169 |
| Accounts payable and accrued expenses | $39,693 |
| 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 | $246,285 |
| Total liabilities | $285,978 |
| 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 | $23,722,191 |
| Total liabilities and net assets/fund balances | $24,008,169 |