International Union Of Operating Engineers

The information for International Union Of Operating Engineers is as of the organization's most recent filing in June 2020. This organization is located in Cordova, TN. It has been in existence for 76 years, following its founding in 1944.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The International Union of Operating Engineers' NTEE code is U42. The "U" tells us that the organization is classified along with Science & Technology. The "42" tells us that the organization is an Engineering organization. The NTEE describes Engineering organizations as those that conduct research in the field of engineering to solve practical problems in industry, social organization, public works and commerce.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(5) organization. The IRS describes these organizations as Labor, Agricultural and Horticultural Organizations.

The mission of the International Union of Operating Engineers is to represent Operating Engineers and ensure their protections of prevailing wages on public projects, alleviate healthcare costs through coalition building, provide pension and welfare benefits to members, and perform bargaining and negotiating services on their behalf.

Program Areas

Program Area 1: This program area focuses on providing negotiating services on behalf of members. Negotiations involve the payroll and benefits the member's employer would pay on their behalf.

Program Area 2: This program provides health and welfare benefits for members that are funded by dues which are pooled by the international body.

Program Area 3: The organization provides pension benefits for members paying dues for those benefits.

Organization Staffing

International Union Of Operating Engineers has 6 employees, none of whom were paid more than $100k according to the organization's most recent 990 tax filing. There were no volunteers supporting the paid staff.

Board Governance

The International Union Of Operating Engineers is an exemplary non-profit organization when it comes to governance. With seven voting members and six independent members, the organization has a well-balanced board of directors that is able to make sound decisions. Furthermore, potential conflicts of interest are not an issue, as the organization has not delegated management to an outside firm. Board and committee meetings are also documented, and the organization has a conflict of interest policy, a written whistleblower policy, and a document retention policy. The organization also substantiates and reviews leadership and officer salaries, and provides copies of the 990 to the board prior to filing. All of these factors demonstrate that the International Union Of Operating Engineers is a well-governed non-profit organization.

Organization Growth

The International Union of Operating Engineers has experienced a mixed performance over the last five years. Program Service Revenue, Investment Income, and Benefits Paid to Members have all increased over the time period. However, Other Revenue, Total Revenue, Employee Salaries, Total Expenses, and Total Employees have all decreased over the same period. As such, it is unclear whether the nonprofit has grown or not.