Operating Engineers Trust Fund Of Washington D C & Vicinity
- Assets
- $40.8m
- Revenue
- $18.0m
- Investments
- $8.2m
- Employees
- 0
- Location
- Sparks, MD
- Founding
- 11/1950
- Data as of
- 12/2021
- EIN
- 52-6038508
Organization Overview
Operating Engineers Trust Fund Of Washington D C & Vicinity is located in Sparks, MD. The organization was established in 1950. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operating Engineers Trust Fund Of Washington D C & Vicinity is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Operating Engineers Trust Fund Of Washington D C & Vicinity generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $17.8m during the year ending 12/2021. While expenses have increased by 8.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL, DENTAL, AND OTHER WELFARE BENEFITS TO UNION MEMBERSHIP IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE, VISION, PRESCRIPTION DRUGS, DISABILITY AND DEATH BENEFITS ADMINISTERED UNDER A COLLECTIVELY BARGAINED AGREEMENT FOR MEMBERS OF OPERATING ENGINEERS LOCAL NO. 77.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Van Dyke Union Trustee | Trustee | 2 | $0 |
John Knowles Employer Trustee | Trustee | 2 | $0 |
Steve Beach Union Trustee | Trustee | 2 | $0 |
Richard Mazzella Employer Trustee | Trustee | 2 | $0 |
Joseph Mirabile Employer Trustee | Trustee | 2 | $0 |
Thomas Johnson Union Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carefirst Ppo | 12/30/21 | $389,232 |
Vision Serive Plan Vision Insurance | 12/30/21 | $141,819 |
Delta Dental Of Pennsylvania Dental Insurance | 12/30/21 | $703,966 |
Associated Administrators Inc Tpa | 12/30/21 | $487,095 |
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 | $15,120,848 |
| Investment income | $1,132,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,574,641 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,999,357 |
| 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 | $16,166,756 |
| 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 | $487,095 |
| Fees for services: Legal | $41,411 |
| Fees for services: Accounting | $40,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $180,975 |
| Fees for services: Other | $824,316 |
| Advertising and promotion | $0 |
| Office expenses | $36,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,186 |
| All other expenses | $0 |
| Total functional expenses | $17,781,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $669,653 |
| Savings and temporary cash investments | $1,257,964 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,633,369 |
| 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 | $5,236 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $28,756,739 |
| Investments—other securities | $8,249,099 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $182,384 |
| Total assets | $40,754,444 |
| Accounts payable and accrued expenses | $293,848 |
| 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 | $293,848 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $40,460,596 |
| 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 | $40,754,444 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |