International Union Of Operating Engineers
- Assets
- $26.9m
- Revenue
- $21.6m
- Investments
- $252.2k
- Employees
- 64
- Location
- Minneapolis, MN
- Founding
- 02/1942
- Data as of
- 06/2023
- EIN
- 41-0329340
Organization Overview
International Union Of Operating Engineers is located in Minneapolis, MN. The organization was established in 1942. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2023, International Union Of Operating Engineers employed 64 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)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, International Union Of Operating Engineers generated $21.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $18.7m during the year ending 06/2023. While expenses have increased by 4.0% 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
LABOR UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOR THE COMMON DEFENSE AND PROMOTE THE GENERAL WELFARE OF OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clayton Johnson President - Business Agent | Officer | 55 | $173,432 |
Cory Bergerson Conductor - Business Agent | Officer | 55 | $143,584 |
Derek Asrouch Trustee - Auditor | Officer | 1 | $0 |
Ferlin Miller Trustee - Auditor - Business Agent | Officer | 55 | $146,584 |
Jason George Business Manager/financial Secretary | Officer | 55 | $199,080 |
Mark Doble Trustee - Auditor | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tunheim Partners Inc Advertising | 6/29/18 | $110,000 |
Miller O'brien Jensen Pa Legal Services | 6/29/18 | $104,172 |
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 | $20,985,095 |
| Investment income | $475,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,854 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,613,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,478 |
| Grants and other assistance to domestic individuals. | $29,763 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $411,505 |
| Compensation of current officers, directors, key employees. | $1,981,071 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,974,637 |
| Pension plan accruals and contributions | $1,816,371 |
| Other employee benefits | $1,242,054 |
| Payroll taxes | $658,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,125 |
| Fees for services: Accounting | $57,471 |
| Fees for services: Lobbying | $166,127 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,852 |
| Fees for services: Other | $0 |
| Advertising and promotion | $527,460 |
| Office expenses | $648,443 |
| Information technology | $217,333 |
| Royalties | $0 |
| Occupancy | $401,118 |
| Travel | $404,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,800 |
| Interest | $0 |
| Payments to affiliates | $2,522,936 |
| Depreciation, depletion, and amortization | $115,683 |
| Insurance | $123,927 |
| All other expenses | $218,312 |
| Total functional expenses | $18,732,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $845,285 |
| Savings and temporary cash investments | $6,503,261 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $484,259 |
| Investments—publicly traded securities | $11,516,912 |
| Investments—other securities | $252,218 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,345,652 |
| Total assets | $26,947,587 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $26,947,587 |
| 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 | $26,947,587 |
Grants Awarded
Over the last fiscal year, International Union Of Operating Engineers has awarded $57,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HOMES FOR OUR TROOPS INC PURPOSE: SPONSORSHIP-LOCAL 49 GOLF TOURNAMENT | $35,000 |
JARED ALLEN'S HOMES FOR WOUNDED WARRIORS PURPOSE: CARPENTERS ANNUAL SHOTGUN TUNE-UP | $12,000 |
THE SCHOOL OF LEADERSHIP FOR PUBLIC SERVICE PURPOSE: START UP GRANT | $10,000 |