Cause IQ organization profile

Operating Engineers Health and Welfare Trust Fund

Operating Engineers Health and Welfare Trust Fund is a fraternal society based in Alameda, CA that was founded in 1981. As of 2019 they had $337 million in revenue and $566 million in assets.

To provide Health and Welfare benefits to eligible employees and their dependents per the collective bargaining agreement between employers and the union.

Previous legal names or variations of their name include: Operating Engineers H And W Trust Fund.

EIN:

94-2784001

City:

Alameda

State:

California

Metro:

San Francisco-Oakland-Berkeley, CA

Website:

oe3trustfunds.org

Founded:

1981

Type:

501(c)(9)

NTEE:

Y40: Fraternal organizations

Revenue:

$337,755,694

Assets:

$566,978,987

Employees:

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at Operating Engineers Health and Welfare Trust Fund

To provide Health and Welfare benefits to eligible employees and their dependents per the collective bargaining agreement between employers and the union.

Form 990s for Operating Engineers Health and Welfare Trust Fund

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Feb 13, 2020	990	View PDF
2017-12	Dec 22, 2018	990	View PDF
2016-12	Jan 18, 2018	990	View PDF
2015-12	Feb 23, 2017	990O	View PDF
2014-12	Sep 30, 2015	990O	View PDF
...and five more Form 990 PDFs

Financials for Operating Engineers Health and Welfare Trust Fund

Field	2018	2017
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$0	$0
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$0	$0

Field	2018	2017	% Change
Total grants, contributions, etc.	$0	$0
Program services	$302,319,955	$283,467,952	6.7%
Investment income and dividends	$14,128,646	$11,866,808	19.1%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$2,763,148	$7,094,597	-61.1%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$18,543,945	$9,016,230	105.7%
Total revenues	$337,755,694	$311,445,587	8.4%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$267,958,743	$226,401,293	18.4%
Compensation of current officers, etc.	$0	$0
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$0	$0
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$0	$0
Payroll taxes	$31,831	$24,098	32.1%
Management fees	$3,580,916	$3,846,058	-6.9%
Legal fees	$156,644	$150,680	4.0%
Accounting fees	$110,866	$224,282	-50.6%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$975,289	$1,333,582	-26.9%
Other fee-for-service	$466,649	$728,842	-36.0%
Advertising and promotion	$0	$0
Office expenses	$375,407	$395,799	-5.2%
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$0	$0
Travel	$0	$0
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$25,815	$13,758	87.6%
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$0	$0
Insurance	$62,590	$60,877	2.8%
All other expenses	$1,218,722	$1,812,494	-32.8%
Total expenses	$274,963,472	$234,991,763	17.0%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$56,627,274	$61,746,177	-8.3%
Savings, short-term investments, etc.	$9,394,414	$8,854,689	6.1%
Pledges and grants receivable	$0	$0
Accounts receivable	$52,027,476	$67,595,009	-23.0%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$4,242	$2,100	102%
Buildings, equipment, etc. post-depreciation	$0	$0
Investments, publicly traded securities	$370,456,522	$295,141,129	25.5%
Investments, other securities	$78,087,059	$56,721,469	37.7%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$382,000	$102,120	274.1%
Total assets	$566,978,987	$490,162,693	15.7%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$738,291	$1,837,576	-59.8%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$212,970,561	$184,799,684	15.2%
Total liabilities	$213,708,852	$186,637,260	14.5%

Field	2018	2017
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Operating Engineers Health and Welfare Trust Fund

Vendor	Services	Amount paid	Date
Miller Kaplan Arase LLP	Tax accounting; Audit accounting; Accounting (including auditing)	$128,375	2020-02-13
███ █████ ███████	Insurance agent or broker; Consulting (general); Consulting	$357,858	2018-12-01
████████ ███ ███████	Investment Management	$304,568	2018-12-01
██████ ████████ █████████	Contract Administrator; Contract Administration	$3,580,916	2018-12-01
█████████ ██████████ ████████	Investment management; Investment Management	$381,613	2018-12-01
██████ ████████ ███ ██████████	Investment management; Investment Management	$210,057	2018-12-01
███ ██████	Investment management		2016-12-31
██████ ███	Insurance		2016-12-31
...and 26 more vendors

Personnel at Operating Engineers Health and Welfare Trust Fund

Name	Title	Compensation	Most recent data
Dan Reding	Chairman / Trustee	$0	Feb. 13, 2020

Peer fraternal organizations

	Name	Type	Revenue	Location
1	Mckesson Corporation Health Plan	501(c)(9)	$276 million	San Francisco, CA
2	Teamsters Benefit Trust	501(c)(9)	$338 million	Fremont, CA
3	Western Teamsters Welfare Trust	501(c)(9)	$152 million	Pasadena, CA
4	District Council 16 of Northern California Health and Welfare Trust	501(c)(9)	$164 million	Dublin, CA
5	Teamsters Managed Trust Funds (TMT)	501(c)(9)	$101 million	Pleasanton, CA
6	Intel Corporation Health and Welfare Benefits Trust	501(c)(9)	$641 million	Santa Clara, CA
7	Operating Engineers Union 3 Pensioned Health and Welfare Fund	501(c)(9)	$135 million	Alameda, CA
8	Alads Insurance Trust	501(c)(9)	$128 million	Chatsworth, CA
9	California Schools Vol Emp Ben Association	501(c)(9)	$815 million	San Diego, CA
10	Construction Laborers Vacation Trust FOR SOUTHERN CALIFORNIA	501(c)(9)	$89 million	El Monte, CA
11	Petco Animal Supplies Stores Group Benefit Plan and Trust	501(c)(9)	$114 million	San Diego, CA
12	Northern California Pipe Trades Health and Welfare Trust Fund	501(c)(9)	$85 million	Concord, CA
13	California Field Ironworker Workers Vacation Trust Fund	501(c)(9)	$97 million	Pasadena, CA
14	Operating Engineers Health and Welfare Fund	501(c)(9)	$255 million	Pasadena, CA
15	Joint Board of Trustees Southwest Carpenters Health and Welfare Trust	501(c)(9)	$396 million	Los Angeles, CA
16	Laborers Health and Welfare Trust Fund for Northern California	501(c)(9)	$404 million	Fairfield, CA
17	United Food and Commercial Workers Unions and Food Employers Benefit Fund	501(c)(9)	$603 million	Cypress, CA
18	Southern California Pipe Trades Health and Welfare Fund	501(c)(9)	$107 million	Los Angeles, CA
19	Carpenters Health and Welfare Trust Fund for Northern California	501(c)(9)	$517 million	Oakland, CA
20	Sag-Aftra Health Plan	501(c)(9)	$395 million	Burbank, CA
21	Laborers Health and Welfare Trust Fund for Southern California	501(c)(9)	$230 million	El Monte, CA
22	Stationary Engineers Local 39 Health and Welfare Plan	501(c)(9)	$100 million	Pleasanton, CA
23	Laborers Vacation-Holiday Trust Fund for Northern California	501(c)(9)	$113 million	Fairfield, CA
24	Teamsters Miscellaneous Security Fund	501(c)(9)	$249 million	Pasadena, CA
25	Labor Alliance Managed Trust Fund (LAMT)	501(c)(9)	$167 million	Pleasanton, CA

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Cause IQ organization profile

Operating Engineers Health and Welfare Trust Fund

Program areas at Operating Engineers Health and Welfare Trust Fund

Form 990s for Operating Engineers Health and Welfare Trust Fund

Financials for Operating Engineers Health and Welfare Trust Fund

Vendors for Operating Engineers Health and Welfare Trust Fund

Personnel at Operating Engineers Health and Welfare Trust Fund

Peer fraternal organizations

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