Operating Engineers Local 139
- Assets
- $449.7m
- Revenue
- $161.9m
- Investments
- $112.8m
- Employees
- 168
- Location
- Pewaukee, WI
- Founding
- 03/1972
- Data as of
- 05/2023
- EIN
- 23-7166771
Organization Overview
Operating Engineers Local 139 is located in Pewaukee, WI. The organization was established in 1972. 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 05/2023, Operating Engineers Local 139 employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operating Engineers Local 139 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2023, Operating Engineers Local 139 generated $161.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $166.4m during the year ending 05/2023. While expenses have increased by 3.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS COVERED UNDER THE PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES MEDICAL, DENTAL, VISION, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
THE PLAN PROVIDES MEDICAL, DENTAL, VISION, LIFE, AND ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
THE PLAN PROVIDES MEDICAL, DENTAL, VISION, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
THE PLAN PROVIDES MEDICAL, DENTAL, VISION, LIFE, AND ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Mcgowan Chairman | Trustee | 3 | $0 |
Tom Wolf Secretary | Trustee | 3 | $0 |
Dan Sperberg Trustee | Trustee | 3 | $0 |
Tim Peterson Trustee | Trustee | 3 | $0 |
Matt Marcellis Trustee | Trustee | 3 | $0 |
Steve Buffalo Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthembcbs Ppo Access And Admin | 5/30/23 | $3,081,430 |
Benesys Third Party Admin | 5/30/23 | $1,775,261 |
Case Management Specialists Inc Consulting Fees | 5/30/23 | $687,466 |
Optumrx Rx Administration | 5/30/23 | $480,236 |
Rreef Investment Fees | 5/30/23 | $335,971 |
Anthembcbs Ppo Access And Admin | 5/30/23 | $3,081,430 |
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 | $156,523,380 |
| Investment income | $7,550,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,169,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,903,860 |
| 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 | $157,557,130 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,844,742 |
| Fees for services: Legal | $238,707 |
| Fees for services: Accounting | $35,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,088,432 |
| Fees for services: Other | $4,616,297 |
| Advertising and promotion | $0 |
| Office expenses | $363,780 |
| Information technology | $309,222 |
| Royalties | $0 |
| Occupancy | $180,260 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,410 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,523 |
| Insurance | $64,812 |
| All other expenses | $50,521 |
| Total functional expenses | $166,387,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,579,789 |
| 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 | $71,600 |
| Net Land, buildings, and equipment | $73,971 |
| Investments—publicly traded securities | $310,279,727 |
| Investments—other securities | $112,802,724 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,151,670 |
| Total assets | $449,736,471 |
| Accounts payable and accrued expenses | $703,293 |
| Grants payable | $0 |
| Deferred revenue | $1,520,591 |
| 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 | $86,946,112 |
| Total liabilities | $89,169,996 |
| 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 | $360,566,475 |
| Total liabilities and net assets/fund balances | $449,736,471 |