International Union Of Operating Engineers-Local 234
- Assets
- $9.1m
- Revenue
- $3.0m
- Investments
- $30.4k
- Employees
- 13
- Location
- Des Moines, IA
- Founding
- 03/1966
- Data as of
- 12/2023
- EIN
- 42-0671802
Organization Overview
International Union Of Operating Engineers-Local 234 is located in Des Moines, IA. The organization was established in 1966. 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 234 employed 13 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 234 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 234 generated $3.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE TRADE OF OPERATING ENGINEERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED OVER 2,000 MEMBERS WITH THE RESOURCES, INFORMATION, AND LEADERSHIP WHICH ENABLED THEM TO ADVANCE THE TRADE OF OPERATING ENGINEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Copple Bus Mgr/fin Sec | OfficerTrustee | 50 | $168,960 |
Chad Carter Vice President | OfficerTrustee | 50 | $133,860 |
Tim Mumma President | OfficerTrustee | 0.5 | $1,829 |
Tracy Petersen Treasurer | OfficerTrustee | 50 | $120,500 |
Nick Norton Executive Board Member | Trustee | 50 | $143,860 |
Ryan Loomis Executive Board Member | Trustee | 0.5 | $171 |
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 | $2,694,022 |
| Investment income | $251,608 |
| 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 | $3,002,800 |
| 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 | $4,000 |
| Compensation of current officers, directors, key employees. | $569,521 |
| Compensation of current officers, directors, key employees. | $79,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $622,750 |
| Pension plan accruals and contributions | $421,537 |
| Other employee benefits | $160,516 |
| Payroll taxes | $91,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,912 |
| Fees for services: Accounting | $17,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,482 |
| Office expenses | $95,307 |
| Information technology | $14,335 |
| Royalties | $0 |
| Occupancy | $77,521 |
| Travel | $51,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,760 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,792 |
| Insurance | $33,039 |
| All other expenses | $36,014 |
| Total functional expenses | $2,949,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,195,535 |
| 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 | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,407,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,359 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,133,377 |
| Accounts payable and accrued expenses | $17,281 |
| 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 | $17,281 |
| Net assets without donor restrictions | $9,116,096 |
| 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 | $9,133,377 |