Operating Engineers Tr Fund H & W Plan Public Employers Division
- Assets
- $19.3m
- Revenue
- $15.8m
- Investments
- $9.3m
- Employees
- 1
- Location
- Alameda, CA
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 94-2567865
Organization Overview
Operating Engineers Tr Fund H & W Plan Public Employers Division is located in Alameda, CA. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operating Engineers Tr Fund H & W Plan Public Employers Division is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Operating Engineers Tr Fund H & W Plan Public Employers Division generated $15.8m 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 (5.0%) each year. All expenses for the organization totaled $14.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS COVERED BY THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE UNION AND EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS COVERED BY THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE UNION AND EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Cue Trustee | Trustee | 1 | $0 |
Dan Reding Co-Chariman | OfficerTrustee | 1 | $0 |
Austris Rungis Chariman | OfficerTrustee | 1 | $0 |
Steve Ingersoll Trustee | Trustee | 1 | $0 |
Tim Neep Director | Trustee | 1 | $0 |
Michael Mccall Director | Trustee | 1 | $136,945 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solutions Contract Admin. | 12/30/19 | $387,875 |
Delta Dental Dental Admin. Fees | 12/30/19 | $104,330 |
Anthem Blue Cross Medical Admin. Fees | 12/30/19 | $207,389 |
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 | $15,665,812 |
| Investment income | $229,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,815 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,830,437 |
| 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 | $12,745,606 |
| Compensation of current officers, directors, key employees. | $224,178 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,115 |
| Fees for services: Management | $335,263 |
| Fees for services: Legal | $18,248 |
| Fees for services: Accounting | $37,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,736 |
| Fees for services: Other | $135,809 |
| Advertising and promotion | $0 |
| Office expenses | $30,682 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,767 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,221 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,392 |
| Insurance | $35,840 |
| All other expenses | $658 |
| Total functional expenses | $14,216,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,177,860 |
| Savings and temporary cash investments | $476,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,984,435 |
| 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 | $3,554 |
| Net Land, buildings, and equipment | $23,520 |
| Investments—publicly traded securities | $4,402,090 |
| Investments—other securities | $9,257,169 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,182 |
| Total assets | $19,329,047 |
| Accounts payable and accrued expenses | $93,232 |
| Grants payable | $0 |
| Deferred revenue | $71,278 |
| 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 | $3,568,090 |
| Total liabilities | $3,732,600 |
| Net assets without donor restrictions | $0 |
| 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 | $15,596,447 |
| Total liabilities and net assets/fund balances | $19,329,047 |