Intl Union Of Operating Engineers 571
- Assets
- $2.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Omaha, NE
- Founding
- 02/1943
- Data as of
- 12/2022
- EIN
- 47-0163367
Organization Overview
Intl Union Of Operating Engineers 571 is located in Omaha, NE. The organization was established in 1943. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Intl Union Of Operating Engineers 571 employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intl Union Of Operating Engineers 571 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Intl Union Of Operating Engineers 571 generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 7.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENTATION-EMPLOYMENT RELATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTING MEMBERS IN EMPLOYMENT RELATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Fichter Business Mgr | Officer | 60 | $143,581 |
Gerald Dick Vice-Preside | Officer | 60 | $119,711 |
Josh Dick Recording Se | Officer | 1 | $9,825 |
Lloyd Campbell Auditor/exec | OfficerTrustee | 1 | $839 |
Nick Kocol President/ex | OfficerTrustee | 1 | $0 |
Walt Wrasse Treasurer/ex | OfficerTrustee | 1 | $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 | $1,713,235 |
| Investment income | $11,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,726,289 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $394,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,053 |
| Pension plan accruals and contributions | $97,780 |
| Other employee benefits | $44,013 |
| Payroll taxes | $42,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,775 |
| Fees for services: Accounting | $11,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $69,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,583 |
| Travel | $1,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,328 |
| Interest | $426 |
| Payments to affiliates | $131,827 |
| Depreciation, depletion, and amortization | $30,201 |
| Insurance | $15,334 |
| All other expenses | $0 |
| Total functional expenses | $1,213,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,154 |
| Savings and temporary cash investments | $1,702,244 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,675 |
| 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 | $3,464 |
| Net Land, buildings, and equipment | $66,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,142,618 |
| Accounts payable and accrued expenses | $40,702 |
| 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 | $19,813 |
| Total liabilities | $60,515 |
| Net assets without donor restrictions | $2,082,103 |
| 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 | $2,142,618 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jensen Construction Company Group Trust Des Moines, IA | $0 | $5,222,518 |
Reilly Construction Employee Welfare Trust Ossian, IA | $251,550 | $2,905,228 |
American Society For Concrete Construction St Louis, MO | $1,403,321 | $1,660,151 |
American Institute Of Mining Metallurgical And Petroleum Engine Englewood, CO | $13,446,710 | $955,952 |
Intl Union Of Operating Engineers 571 Omaha, NE | $2,142,618 | $1,726,289 |
American Council Of Engineering Companies Of Colorado Denver, CO | $407,116 | $1,087,480 |
Kansas Construction Industry Open End Savings Trust Fund Topeka, KS | $924,399 | $748,657 |
Construction Benefits Audit Corp Kansas City, MO | $581,334 | $885,831 |
American Council Of Engineering Companies Of Missouri Inc Jefferson City, MO | $180,018 | $501,382 |
American Federation Of Labor & Congress Of Industrial Orgs Independence, MO | $93,228 | $472,846 |
Construction Safety Specialists Inc West Des Moines, IA | $310,327 | $601,375 |
Construction Industry Center Inc Rapid City, SD | $356,053 | $459,308 |