International Union Of Operating Engineers-132 Health & Welfare Fun
- Assets
- $135.1m
- Revenue
- $30.6m
- Investments
- $0.0
- Employees
- 30
- Location
- Huntington, WV
- Founding
- 05/1962
- Data as of
- 06/2022
- EIN
- 55-0455491
Organization Overview
International Union Of Operating Engineers-132 Health & Welfare Fun is located in Huntington, WV. The organization was established in 1962. 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 06/2022, International Union Of Operating Engineers-132 Health & Welfare Fun employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Union Of Operating Engineers-132 Health & Welfare Fun is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, International Union Of Operating Engineers-132 Health & Welfare Fun generated $30.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $36.4m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 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
HEALTH INSURANCE BENEFITS FOR UNION MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AREA-WIDE, UNION-NEGOTIATED, UNION-MANAGEMENT TRUSTEED HEALTH AND WELFARE BENEFIT FUND FOR MEMBERS AND RETIREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Parker Trustee | Trustee | 2 | $0 |
D W Daniel Jr Trustee | Trustee | 2 | $0 |
John Farley Trustee | Trustee | 2 | $0 |
Neil Huffman Trustee | Trustee | 2 | $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 | $29,724,909 |
| Investment income | $1,716,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,046,003 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,582,616 |
| 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 | $35,361,706 |
| 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 | $182,463 |
| Pension plan accruals and contributions | $80,649 |
| Other employee benefits | $49,228 |
| Payroll taxes | $40,313 |
| Fees for services: Management | $28,200 |
| Fees for services: Legal | $26,730 |
| Fees for services: Accounting | $36,969 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $399,493 |
| Fees for services: Other | $9,500 |
| Advertising and promotion | $0 |
| Office expenses | $43,536 |
| Information technology | $53,691 |
| Royalties | $0 |
| Occupancy | $38,706 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,255 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,158 |
| Insurance | $40,010 |
| All other expenses | $42,468 |
| Total functional expenses | $36,442,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,446,208 |
| Savings and temporary cash investments | $7,931,523 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,949,181 |
| 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 | $7,839 |
| Investments—publicly traded securities | $118,763,137 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,262 |
| Total assets | $135,124,150 |
| Accounts payable and accrued expenses | $1,229,840 |
| 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 | $1,229,840 |
| Net assets without donor restrictions | $133,894,310 |
| 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 | $135,124,150 |