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Nonprofit · EIN 23-1402245

OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE

Also known as LOCAL 542

Tax-exempt · FT WASHINGTON, PA 19034

Financials

$97.7M$89.3M2023$96.7M$96.4M2024
Revenue Expenses · by fiscal year end
Financials of OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$96,694,423$96,407,279$287,144$243,072,853$2,159,135$240,913,718
December 31, 2023990$97,694,348$89,296,804$8,397,544$243,275,217$2,237,348$241,037,869
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$88,030,339
Investment income
$8,663,387
Net gain from sales of assets
$350,421
Other revenue
$697

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$93,349,008
Other salaries and wages
$891,535
Salaries, compensation and benefits (total)
$1,577,224
Professional fundraising fees
$0
Legal fees
$122,082
Accounting fees
$63,980
Occupancy
$96,007
Travel
$19,855
Depreciation
$94,137

Balance sheet and other

Total assets, start of year
$243,275,217
Total assets, end of year
$243,072,853
Total liabilities, end of year
$2,159,135
Net assets, end of year
$240,913,718
Land, buildings and equipment
$1,760,171
Publicly traded securities
$146,827,083
Gross receipts
$195,245,718
Employees
101
Volunteers
0
Year formed
1954
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN HEENANADMINISTRATOR
Highest-paid employee
14$64,726$120,206$95,470
WILLIAM MCGUIRECOLLECTIONS
Highest-paid employee
12$47,354$110,493$87,344
PAUL CAREY IIIAUDITOR
Highest-paid employee
12$44,296$103,358$84,287
JAMES REILLYUNION TRUSTEE
Trustee or director
2$0$163,188$68,373
ROBERT WALSHUNION TRUSTEE
Trustee or director
2$0$148,492$64,258
PAUL POTAKOIT MANAGER
Highest-paid employee
18$65,767$62,184$78,376
NATHAN SMITHPENSION/MEMBER COORDINATOR
Highest-paid employee
12$25,426$101,704$78,130
BEN CONNORSEMPLOYER TRUSTEE
Trustee or director
2$0$0$0
THOMAS DANESEUNION TRUSTEE
Trustee or director
2$0$0$0
JAMES DAVISEMPLOYER TRUSTEE (P)
Trustee or director
2$0$0$0
SONIA DIVALERIOEMPLOYER TRUSTEE
Trustee or director
2$0$0$0
MICHAEL J DRISCOLL JREMPLOYER TRUSTEE
Trustee or director
2$0$0$0
CHRISTOPHER LODGEUNION TRUSTEE
Trustee or director
2$0$0$0
FRAN PIETRINIEMPLOYER TRUSTEE
Trustee or director
2$0$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN HEENANADMINISTRATOR
Highest-paid employee
14$62,680$116,406$93,113
WILLIAM MCGUIREFUND EMPLOYEE
Highest-paid employee
12$45,949$107,215$85,337
JAMES REILLYUNION TRUSTEE
Trustee or director
2$0$156,786$80,469
PAUL CAREY IIIFUND EMPLOYEE
Highest-paid employee
12$43,815$102,235$83,203
ROBERT WALSHUNION TRUSTEE
Trustee or director
2$0$143,834$78,903
PAUL POTAKOFUND EMPLOYEE
Highest-paid employee
18$63,683$60,214$76,557
NATHAN SMITHFUND EMPLOYEE
Highest-paid employee
12$24,551$98,204$76,214
JAMES DAVISEMPLOYER TRUSTEE
Trustee or director
2$0$0$0
THOMAS DANESEUNION TRUSTEE
Trustee or director
2$0$0$0
MICHAEL J DRISCOLL JREMPLOYER TRUSTEE
Trustee or director
2$0$0$0
FRAN PIETRINIEMPLOYER TRUSTEE
Trustee or director
2$0$0$0
CHRISTOPHER LODGEUNION TRUSTEE
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
1375 VIRGINIA DR STE 245, FT WASHINGTON, PA 19034-3259
Principal officer (990 for 2024)
JAMES REILLEY, 1375 VIRGINIA DRIVE 102, FORT WASHINGTON, PA 19034
Signed the 990
JAMES REILLEY, TRUSTEE
Phone
(215) 542-8211
Return prepared by
NOVAK FRANCELLA LLC

Mission

THE PLAN PROVIDES HOSPITAL, SURGICAL, MEDICAL, DENTAL, VISION, AND PRESCRIPTION BENEFITS TO ELIGIBLE MEMBERS OF IUOE LOCAL 542 AND THEIR DEPENDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PLAN PROVIDES HOSPITAL, SURGICAL, MEDICAL, DENTAL, VISION, AND PRESCRIPTION BENEFITS TO ELIGIBLE MEMBERS OF IUOE LOCAL 542 AND THEIR DEPENDENTS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-1402245
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1954
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$243,072,853
Income (IRS master file)
$195,245,718

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$96,694,423$96,407,279$243,072,853XML
990December 2023$97,694,348$89,296,804$243,275,217XML
990December 2022$93,184,581$84,273,749$232,618,956IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1402245).

Questions about OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE

What is the EIN of OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE?
The employer identification number (EIN) of OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE is 23-1402245.
Is OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1954.
Are donations to OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE?
The 990 for the year ended December 31, 2024 names JAMES REILLEY.
Who are the officers and directors of OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE?
The 990 for the year ended December 31, 2024 lists 14 people; 5 received compensation from the organization, the highest $64,726 (JOHN HEENAN, ADMINISTRATOR).
How much revenue does OPERATING ENGINEERS WELFARE FUND OF EASTERN PA & DELAWARE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $96,694,423, expenses of $96,407,279 and total assets of $243,072,853 at year end.

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