Operating Engineers Local 139
- Assets
- $445.5m
- Revenue
- $196.3m
- Investments
- $130.3m
- Employees
- 150
- Location
- Pewaukee, WI
- Founding
- 03/1972
- Data as of
- 05/2022
- EIN
- 23-7166771
Organization Overview
Operating Engineers Local 139 is located in Pewaukee, WI. The organization was established in 1972. 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 05/2022, Operating Engineers Local 139 employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operating Engineers Local 139 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2022, Operating Engineers Local 139 generated $196.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $145.6m during the year ending 05/2022. While expenses have increased by 2.4% 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
TO PROVIDED HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS COVERED UNDER THE PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES MEDICAL, DENTAL, VISION, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
THE PLAN PROVIDES MEDICAL, DENTAL, VISION, LIFE, AND ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Marcellis Trustee | Trustee | 3 | $0 |
Tom Wolf Secretary | Trustee | 3 | $0 |
Tim Peterson Trustee | Trustee | 3 | $0 |
Steve Buffalo Trustee | Trustee | 3 | $0 |
Shane Griesbach Trustee | Trustee | 3 | $0 |
Mary Wilcox Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carday Associates Inc Third Party Admin | 5/30/22 | $1,761,960 |
Segal Consulting Fees | 5/30/22 | $309,716 |
Anthembcbs Ppo Access And Admin | 5/30/22 | $3,011,742 |
Case Management Specialists Inc Consulting Fees | 5/30/22 | $680,279 |
Optumrx Rx Administration | 5/30/22 | $224,717 |
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 | $141,687,747 |
| Investment income | $6,219,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,356,987 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,264,611 |
| 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 | $137,130,524 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,762,471 |
| Fees for services: Legal | $223,739 |
| Fees for services: Accounting | $33,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,124,351 |
| Fees for services: Other | $4,439,042 |
| Advertising and promotion | $0 |
| Office expenses | $342,660 |
| Information technology | $278,369 |
| Royalties | $0 |
| Occupancy | $167,100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,688 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,265 |
| Insurance | $51,310 |
| All other expenses | $47,805 |
| Total functional expenses | $145,636,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,557,776 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,678,349 |
| 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 | $57,449 |
| Net Land, buildings, and equipment | $78,274 |
| Investments—publicly traded securities | $288,225,028 |
| Investments—other securities | $130,313,631 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,558,546 |
| Total assets | $445,469,053 |
| Accounts payable and accrued expenses | $623,224 |
| Grants payable | $0 |
| Deferred revenue | $1,460,013 |
| 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 | $76,697,387 |
| Total liabilities | $78,780,624 |
| 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 | $366,688,429 |
| Total liabilities and net assets/fund balances | $445,469,053 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Line Construction Benefit Fund Lombard, IL | $1,499,726,971 | $1,007,885,123 |
Wea Insurance Corporation Madison, WI | $792,635,009 | $692,190,590 |
Accenture United States Benefit Chicago, IL | $73,988,977 | $691,324,713 |
Us Bancorp Comp Welfare Benefit Plan Milwaukee, WI | $0 | $532,086,986 |
Safeway Inc Welfare Benefit Tr Chicago, IL | $0 | $500,055,601 |
Exelon Corporation Employees Benefit Trust Chicago, IL | $65,808,636 | $520,300,939 |
Midwest Operating Engineers Welfare Fund Countryside, IL | $1,803,952,687 | $632,490,889 |
The Travelers Companies Inc St Paul, MN | $45,092,183 | $378,506,075 |
United Airlines Employee Sick Leave Tr Chicago, IL | $37,583,032 | $320,362,024 |
Christian Brothers Employee Benefit Trust Romeoville, IL | $200,286,111 | $339,796,574 |
Michigan Conference Of Teamsters Welfare Fund Detroit, MI | $640,344,549 | $385,297,101 |
Chicago District Council Of Carpenters Welfare Fund Chicago, IL | $1,016,590,757 | $296,188,790 |