International Union Of Operating Engineers Local 420
- Assets
- $2.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 25
- Location
- Oak Creek, WI
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 45-5141871
Organization Overview
International Union Of Operating Engineers Local 420 is located in Oak Creek, WI. The organization was established in 2012. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, International Union Of Operating Engineers Local 420 employed 25 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 420 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, International Union Of Operating Engineers Local 420 generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 5 years. 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 ELEVATE THE TRADE OF OPERATING ENGINEERS AND IMPROVE THE SOCIAL, ECONOMIC, AND WORKING CONDITIONS OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORANIZE WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS. THE ORGANIZATION HAD A MEMBERSHIP OF 1,497 AT THE END OF THE REPORTING PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Tetzlaff Business Manager | OfficerTrustee | 40 | $153,720 |
Michael Weber District Director | OfficerTrustee | 4 | $3,600 |
Atticus Larson Former District Director | OfficerTrustee | 4 | $2,200 |
Elliot Anderson District Director | OfficerTrustee | 4 | $4,200 |
Tony Pipia Treasurer | OfficerTrustee | 4 | $3,600 |
Ryan Voskuil District Director | OfficerTrustee | 4 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,684 |
| 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 | $17,684 |
| Total Program Service Revenue | $1,647,453 |
| Investment income | $43,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,577 |
| Net Gain/Loss on Asset Sales | -$504 |
| Net Income from Fundraising Events | $5,373 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,726,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,483 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $36,106 |
| Compensation of current officers, directors, key employees. | $564,352 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,895 |
| Pension plan accruals and contributions | $30,246 |
| Other employee benefits | $24,096 |
| Payroll taxes | $54,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,153 |
| Fees for services: Accounting | $26,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,831 |
| Fees for services: Other | $42,000 |
| Advertising and promotion | $41,651 |
| Office expenses | $38,613 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,672 |
| Travel | $62,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,923 |
| Interest | $0 |
| Payments to affiliates | $274,473 |
| Depreciation, depletion, and amortization | $29,359 |
| Insurance | $19,689 |
| All other expenses | $0 |
| Total functional expenses | $1,823,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,670 |
| Savings and temporary cash investments | $108,332 |
| 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 | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $733,998 |
| Investments—publicly traded securities | $844,917 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,118,917 |
| 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 | $15,050 |
| Total liabilities | $15,050 |
| Net assets without donor restrictions | $2,103,867 |
| 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 | $2,118,917 |
Grants Awarded
Over the last fiscal year, International Union Of Operating Engineers Local 420 has awarded $11,939 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HUNGER TASK FORCE OF MILWAUKEE PURPOSE: DONATION | $6,122 |
NEVER FORGOTTEN HONOR FLIGHT INC PURPOSE: DONATION | $5,817 |