INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND (EIN 13-1739714)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-07-14
IRS object ID: 202501959349300850
Schema version: 2024v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-07-14T06:13:20-05:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	131577780	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SCHULTHEIS & PANETTIERI LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	450 WIRELESS BLVD	AddressLine1Txt
City	HAUPPAUGE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11788	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	131739714	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	INTERNATIONAL UNION OF OPERATING	BusinessNameLine1Txt
Business Name Line2	ENGINEERS LOCAL 137 WELFARE FUND	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	INTE	BusinessNameControlTxt
Phone	9147621268	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1360 PLEASANTVILLE ROAD	AddressLine1Txt
City	BRIARCLIFF MANOR	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10510	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JEFFREY LOUGHLIN	PersonNm
Person Title	UNION TRUSTEE	PersonTitleTxt
Phone	9147621268	PhoneNum
Signature	2025-07-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CAROL WESTFALL	PreparerPersonNm
PTIN	P00539069	PTIN
Phone	6312734778	PhoneNum

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	AL WASSEL	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1360 PLEASANTVILLE ROAD	AddressLine1Txt
City	BRIARCLIFF MANOR	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10510	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$45,559,291	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	HTTP://IUOELOCAL137.COM/	WebsiteAddressTxt
Type Of Organization Trust	Yes (X)	TypeOfOrganizationTrustInd
Formation	1951	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.	ActivityOrMissionDesc
Voting Members Governing Body	6	VotingMembersGoverningBodyCnt
Voting Members Independent	6	VotingMembersIndependentCnt
Total Employee	5	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$24,508,847	PYProgramServiceRevenueAmt
CY Program Service Revenue	$23,629,489	CYProgramServiceRevenueAmt
PY Investment Income	$486,594	PYInvestmentIncomeAmt
CY Investment Income	$2,036,393	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$24,995,441	PYTotalRevenueAmt
CY Total Revenue	$25,665,882	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$24,663,174	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$24,973,300	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,123,231	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,063,959	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	-$390,179	PYOtherExpensesAmt
CY Other Expenses	-$1,172,706	CYOtherExpensesAmt
PY Total Expenses	$25,396,226	PYTotalExpensesAmt
CY Total Expenses	$24,864,553	CYTotalExpensesAmt
PY Revenues Less Expenses	-$400,785	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$801,329	CYRevenuesLessExpensesAmt
Total Assets BOY	$36,079,279	TotalAssetsBOYAmt
Total Assets EOY	$37,227,899	TotalAssetsEOYAmt
Total Liabilities BOY	$7,086,974	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$5,856,865	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$28,992,305	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$31,371,034	NetAssetsOrFundBalancesEOYAmt
Mission	THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	0	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	630	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	5	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	6	GoverningBodyVotingMembersCnt
Independent Voting Member	6	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ALBERT WASSELL	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9147621268	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1360 PLEASANTVILLE ROAD	AddressLine1Txt
City	BRIARCLIFF MANOR	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10510	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
ALBERT WASSELL
FUND MANAGER	10.00	30.00	Yes (X)	$154,254	$0	$103,068
JEFFREY LOUGHLIN
UNION TRUSTEE	1.00	0.00		$0	$0	$0	Yes (X)
JAMES SASSO
UNION TRUSTEE	1.00	0.00		$0	$0	$0	Yes (X)
MICHAEL MILLER
UNION TRUSTEE	1.00	0.00		$0	$0	$0	Yes (X)
JOHN COONEY
EMPLOYER TRUSTEE	1.00	0.00		$0	$0	$0	Yes (X)
RICHARD LOMBARDI
EMPLOYER TRUSTEE	1.00	0.00		$0	$0	$0	Yes (X)
MARK FANTE
EMPLOYER TRUSTEE	1.00	0.00		$0	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$154,254	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$103,068	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
BASIL CASTROVINCI & ASSOC
36 HOPATCHUNG RD	HOPATCONG	NJ	07843	ACTUARY/MED TPA	$599,466
SCHULTHEIS & PANETTIERI LLP
450 WIRELESS BLVD	HAUPPAUGE	NY	11788	ACCOUNTANT	$269,753

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYERS' CONTRIB	237310	$20,602,444	$20,602,444
PARTICIPANTS' CONTRIB	237310	$3,027,045	$3,027,045

Field	Value	IRS element (for citing)
Total Program Service Revenue	$23,629,489	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$854,817	TotalRevenueColumnAmt
Exclusion	$854,817	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$21,074,985	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$19,893,409	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$1,181,576	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,181,576	TotalRevenueColumnAmt
Exclusion	$1,181,576	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$25,665,882	TotalRevenueColumnAmt
Related Or Exempt Func Income	$23,629,489	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$2,036,393	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$24,973,300	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$257,322	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$317,449	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$307,347	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$143,543	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$38,298	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$40,474	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$167,071	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$125,236	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$59,936	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$37,889	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$61,948	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$61,961	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$14,582	TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt
REIMB PAYROLL,BEN & TAX	-$713,487
PENS REL CHANGES OTHER	-$1,028,316

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$24,864,553	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3,887,849	BOYAmt
EOY	$4,137,739	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$746,097	BOYAmt
EOY	$710,692	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$4,061,758	BOYAmt
EOY	$3,014,249	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$27,320,321	BOYAmt
EOY	$28,675,622	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$63,254	BOYAmt
EOY	$689,597	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$36,079,279	BOYAmt
EOY	$37,227,899	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$347,747	BOYAmt
EOY	$369,937	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$6,739,227	BOYAmt
EOY	$5,486,928	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$7,086,974	BOYAmt
EOY	$5,856,865	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$28,992,305	BOYAmt
EOY	$31,371,034	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$28,992,305	BOYAmt
EOY	$31,371,034	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$36,079,279	BOYAmt
EOY	$37,227,899	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$801,329	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$1,577,400	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$0	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
CLAIMS PAYABLE	$3,269,492
ESCROW LIABILITY	$814,436
VACATION BENEFITS PAYABLE	$653,000
SAVINGS/PSL BENEFITS PAYABLE	$750,000

Field	Value	IRS element (for citing)
Total Liability	$5,486,928	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$27,118,046	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$1,577,400	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$1,577,400	RevenueNotReportedAmt
Revenue Subtotal	$25,540,646	RevenueSubtotalAmt
Investment Expenses Not Incld	$125,236	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$125,236	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$25,665,882	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$26,909,534	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$26,909,534	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$125,236	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	-$2,170,217	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	-$2,044,981	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$24,864,553	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART XII, LINE 4B - OTHER ADJUSTMENTS:	FormAndLineReferenceDesc
Explanation	CHANGE IN CLAIMS PAYABLE AND IBNR -1,141,901. PENS REL CHANGES OTHER THAN BENEFIT COSTS -1,028,316.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	ALBERT WASSELL	PersonNm
Title	FUND MANAGER	TitleTxt
Base Compensation Filing Org	$154,254	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$61,772	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$41,296	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$257,322	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE J, PART II	FormAndLineReferenceDesc
Explanation	ALBERT WASSELL RECEIVES COMPENSATION AND BENEFITS IN HIS CAPACITY AS FUND MANAGER OF THIS ENTITY AND THE RELATED UNION, LABOR MANAGEMENT COOPERATIVE TRUST, PENSION, APPRENTICE, AND ANNUITY FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THE WELFARE FUND WITH REIMBURSEMENTS MADE ACCORDINGLY. THE WELFARE FUND PORTION OF THESE EXPENSES IS 25% OF THE GROSS AMOUNTS DETAILED ON SCHEDULE J, PART II.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 WAS PREPARED IN COORDINATION WITH THE FUND MANAGER WHO WORKS FULL TIME FOR THE ORGANIZATION. ONCE COMPLETED, THE FORM WAS PROVIDED TO AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12C	REVIEW OF THE CONFLICT OF INTEREST POLICY IS DONE ANNUALLY AT A TRUSTEES MEETING AND WITH THE EMPLOYEES.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC TO THE EXTENT REQUIRED BY LAW.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Direct Controlling NADirectControllingNACd	Controlled OrganizationControlledOrganizationInd
APPRENTICE FUND IUOE L 137 A B C R AFL-CIO
1360 PLEASANTVILLE ROAD	BRIARCLIFF MANOR	NY	10510	131968055	PROVIDE APP TRAINING, SKILL IMPROV. & SAFETY EDUCATION	NY	501(C)3	LINE 2	N/A	0
THE PENS PLAN IUOE L 137 A B C R AFL-CIO
1360 PLEASANTVILLE ROAD	BRIARCLIFF MANOR	NY	10510	131825849	PROVIDE RET BENEFITS TO ELIGIBLE PARTICIPANTS.	NY	501(A)	N/A	N/A	0
ANNUITY FUND IUOE L 137 A B C R AFL-CIO
1360 PLEASANTVILLE ROAD	BRIARCLIFF MANOR	NY	10510	133204596	PROVIDE RET BENEFITS TO ELIGIBLE PARTICIPANTS.	NY	501(A)	N/A	N/A	0
IUOE LOCAL 137 A B C R AFL-CIO
1360 PLEASANTVILLE ROAD	BRIARCLIFF MANOR	NY	10510	131739715	LABOR UNION	NY	501(C)5	N/A	N/A	0
OPERATING ENGINEER LOCAL 137 LMCT
1360 PLEASANTVILLE ROAD	BRIARCLIFF MANOR	NY	10510	826654758	TO IMPROVE LABOR MGMT REL, SECURE EMPLOYMENT	NY	501(C)5	N/A	N/A	0
SEE SCHEDULE R SUPPLEMENTAL INFORMATION

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	SEE SCHEDULE R SUPPLEMENTAL INFORMATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	Yes (1)	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (1)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART VII - SUPPLEMENTAL INFORMATION

CERTAIN TRUSTEES LISTED ON FORM 990, PART VII, SECTION A, SERVE AS VOLUNTEERS AND DO NOT RECEIVE COMPENSATION FROM THE FILING ORGANIZATION OR ANY RELATED ORGANIZATION IN THEIR CAPACITY AS TRUSTEES OF THE FILING ORGANIZATION. CERTAIN TRUSTEES LISTED ON FORM 990, PART VII, SECTION A, DO NOT RECEIVE COMPENSATION FROM THE FILING ORGANIZATION, BUT DO RECEIVE COMPENSATION FROM THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 137, 137A, 137B, 137C, 137R (THE UNION") IN THEIR CAPACITY AS EMPLOYEES/OFFICERS OF THE UNION. ACCORDINGLY, THEIR COMPENSATION IS REPORTED ON THE FORM 990 OF THE UNION.

FORM 990, SCHEDULE R ATTACHMENT, RELATED ORGANIZATIONS

FORM 990 SCHEDULE R, PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A CORPORATION OR TRUST 58A J.V.D. INDUSTRIES, LTD. A&J CONSTRUCTION DBA ALCAIDE INC A&K SLIP FORMING INC. ABLE RIGGING CONTRACTORS ACCESS ANVIL CORP. AFFORDABLE HOUSING CONCEPT AHC ALLIANCE CONSTRUCTORS, INC ALLIGATOR CONTRACTING AMERICAN IRON & CRANE, INC AMERICAN PILE AND FOUNDATION LLC A-QUICK PICK CRANE SERVICE ARBEN GROUP, LLC ARGENIO BROTHERS ASCAPE LANDSCAPE CONST. CORP. ASF CONSTRUCTION & EXCAVATION CORP. ATLAS CONCRETE CORP. AVANTI BUILDING CONSTRUCTION BADGER DAYLIGHTING CORP. BANCKER CONSTRUCTION CORP. BAY CRANE SERVICE, INC. BEN CICCONE INC. BOND CIVIL & UTILITY CONSTRUCTION, INC BRADHURST SITE CONSTR. CORP. BREEZE DEMO CORP. BURT CRANE & RIGGING BUTLER CONSTRUCTION GROUP BYRAM CONCRETE&SUPPLY, LLC. CALLANAN INDUSTRIES, INC. CARSON CORPORATION CHAMPION PAINTING SPECIALTY SERVICES CHARPS, LLC CHERRY HILL GLASS CO. COFIRE ASPHALT CORP. CONCRETE CUTTING COMPANY INC. CON-TECH CONST. TECHNOLOGY INC COOK DRILLING CORPORATION COPPOLA PAVING & LANDSCAPING CORP. COPPOLA SERVICES D & J CONCRETE CORP. D.A. COLLINS CONST. CO. INC. DAKOTA CONCRETE SERVICES LLC DANELLA CONSTRUCTION OF NY INC DEFOE CORPORATION DGI-MENARD DBA MENARD USA DKM CONSTRUCTION CORP. DN TANKS, INC DONEGAL CONSTRUCTION CORP. DORAL CORPORATION E.J. ENERGY LLC EASTERN EXCAVATION INC. ECCO III ENTERPRISES INC. EDISON AVENUE RECYCLE ELDERLEE INC. ELQ INDUSTRIES, INC EMI GUIDE RAIL,INC. FOS DEVELOPMENT CORP G & T SERVICES INC. GABRIEL STEEL ERECTORS GEO-SOLUTIONS, INC GIANFIA CORP. GMAC CONSTRUCTION, LLC GRACE INDUSTRIES, LLC HALMAR INTERNATIONAL LLC HARRISON & BURROWES BRIDGE CON HAWKEYE, LLC HIGHLINE RIGGERS LLC HUDSON VALLEY BRIDGE CONST.INC HUDSON VALLEY CRANE, LLC HULL CONST. & RESTORATION J. D'ANNUNZIO & SONS J. FLETCHER CREAMER & SONS INC J.T CLEARY, INC. JECI CORP JESCO, INC. JOHN CIVETTA & SONS INC. JOKEN DEVELOPMENT CORPORATION JOSEPH CARDUCCI,INC. JUDLAU - TC ELECTRIC JV KANE CONTRACTING, INC. KELLER INDUSTRIAL INC KENVIL UNITED CORP, KIEWIT-SHEA CONSTRUCTORS KINETIC DEMOLITION AND ENGINEERING KINGSTON EQUIPMENT RENTAL, INC L.M. SESSLER EXCAVATING & WRECKIG, INC LAURA LI INDUSTRIES LLC LAWS CONSTRUCTION CORP. LEA ROME EXCAVATING LLC LEA-ROME INC. LEGGIO MAINTENANCE CORP LINDE GRIFFITH CONST. CO. LOSPOTO LANDSCAPING MACE CONTRACTING CORPORATION MC VAC ENVIRONMENTAL SERV MCCAREY LANDSCAPING, INC. MD DRILLING MGM YONKERS, INC MILLER PIPELINE CORP. MOHEGAN ASSOCIATES, INC. MONTESANO CONTRACTING INC MORANO BROTHERS CORP. MTS INFRASTRUCTURE LLC NDL ASSOCIATES INC. NETWORK INFRASTRUCTURE NICKY DIGGS EXCAVATION /DBA LAND-V-SCAPE NORDIC CONTRACTING CO. INC NORTH AMERICAN CRANE & RIGGING, LLC NORTHBROOK CONTRACTING CORP. NORTHEAST INDUST MAINT INC NORTHEAST STRUCTURAL STEEL NORTHEAST/REMSCO CONST. INC. NY ASPHALT INC. OCS INDUSTRIES, INC OLORI CRANE SERVICE INC. P.A.B. CONTRACTING, CORP. PALADINO CONCRETE CREATIONS CO PALEEN CONSTRUCTION CORP. PAPITTO CONSTRUCTION CO., INC. PAT CORSETTI, INC. PCI INDUSTRIES CORP. PECKHAM MATERIALS CORP. PETER J. LANDI, INC. PETILLO, INC PETRILLO CONTRACTING, INC. PHOENIX HMA, INC PJS GROUP - PAUL J. SCARIANO POSILLICO CIVIL, INC. PRECISION CARPENTRY OF WESTCHESTER, INC PRECISION CONCRETE PUMPING, I. PRO ASPHALT LLC R. PUGNI & SONS INC. RCA ASPHALT, LLC RESTANI CONSTRUCTION CORP RIGGS DISTLER & CO., INC ROAD SAFETY SYSTEMS, LLC ROCK TECH INC ROGER & SONS CONCRETE SAFWAY SERVICES, LLC SCAPE-TECH LANDSCAPE TECHNOLOGY, INC. SCHIAVONE CONSTRUCTION CO., LLC SEVENSON ENVIRONMENTAL SHAWN'S LAWNS INC SITEWORKS CONTRACTING CORP. SKANSKA ECCO III JV SKANSKA USA CIVIL NORTHEAST INC STATE CONTRACTING CORP. OF NY DBA CAPITAL INDUSTRIES STEP-MAR CONTRACTING CORP STEVE GIORDANO BLDS, INC. STEVEN LOMBARDI CONSTRUCTION STRUCTURAL SERVICES OF NY INC. SUN UP PAYROLL CORP. SUNBELT RENTALS, INC SUPOR RIGGING THALLE INDUSTRIES INC. THE HALLEN CONSTRUCTION THE SMEDLEY COMPANY THE TREMSON CORPORATION THOMAS M BRENNAN INC. DBA BBT CONSTRUCTION TILCON NY INC. TRANSIT - HALMAR JOINT VENTURE TRANSIT CONSTRUCTION CORP. TRI-STATE CIVIL CONSTRUCTION, LLC TRIUMPH CONSTRUCTION CORP. TULLY CONSTRUCTION TUTOR PERINI UNION TANK ERECTION UNITED CIVIL INC. URBAN FOUNDATION CO.,INC. US CONCRETE / JENNA, LLC V.S. CONSTRUCTION CORP. VERDE ELECTRIC CORP VERNON HILLS CONTRACTING CORP. VILLA CONSTRUCTION INC. VOLLERS EXCAVATING WATERS CONSTRUCTION CO. INC / DBA WATERS PAVING WM. J KELLER & SONS CONSTRUCTION CORP. YONKERS CONTRACTING CO. INC. YONKERS EXCAVATING CORP.