International Union Of Operating Engineers Local 112 is located in Anderson, IN. The organization was established in 2007. 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 Local 112 employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Union Of Operating Engineers Local 112 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 Local 112 generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. 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
THE UNION IS A NONPROFIT LABOR ORGANIZATION WHICH PROVIDES NATIONWIDE UNION REPRESENTATION FOR NON-DESTRUCTIVE TESTING TECHNICIANS IN THE PIPELINE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND DEVELOP APPRENTICE PROGRAMS, TRAINING PROGRAMS AND OTHER MEANS TO ADVANCE THE SKILLS, EFFICIENCY AND WORKING KNOWLEDGE OF ITS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen Mcelhannon Vice-President (thru 12/31/22) | OfficerTrustee | 60 | $0 |
Laura Pryor Corresponding Secretary | OfficerTrustee | 60 | $101,820 |
Randall C Hughes President | OfficerTrustee | 60 | $183,734 |
Cary Richardson Financial Secretary (beg 1/1/23) | OfficerTrustee | 60 | $0 |
Brian Rawlings Treasurer (beg 1/1/23) | OfficerTrustee | 60 | $149,100 |
Erin Buck Vice-President | OfficerTrustee | 60 | $162,734 |
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 | $1,499,035 |
Investment income | $507,956 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $15,000 |
Net Gain/Loss on Asset Sales | -$462,824 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,560,813 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,345 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,164,171 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $353,232 |
Pension plan accruals and contributions | $161,850 |
Other employee benefits | $5,481 |
Payroll taxes | $93,339 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,909 |
Fees for services: Accounting | $39,301 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $39,852 |
Fees for services: Other | $21,380 |
Advertising and promotion | $5,198 |
Office expenses | $41,482 |
Information technology | $85,678 |
Royalties | $0 |
Occupancy | $19,741 |
Travel | $107,034 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $160,488 |
Depreciation, depletion, and amortization | $96,705 |
Insurance | $44,975 |
All other expenses | $73,522 |
Total functional expenses | $2,770,921 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $300,998 |
Savings and temporary cash investments | $0 |
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 | $1,000,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $2,373,732 |
Investments—publicly traded securities | $16,227,824 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $19,902,554 |
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 | $19,902,554 |
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 | $19,902,554 |