OKLAHOMA OPERATING ENGINEERS WELFARE PLAN: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: OKLAHOMA OPERATING ENGINEERS WELFARE PLAN (EIN 73-0790052)
Tax period: 2010-09-01 to 2011-08-31
Filed: 2012-07-12
IRS object ID: 201211949349300736
Schema version: 2010v3.7
Note: A later return for the same period supersedes this one.
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

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-07-12T13:52:52-05:00	Timestamp
Tax Period End Date	2011-08-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NEEDLES & ASSOCIATES INC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	350 INTERLOCKEN BLVD STE 220	AddressLine1
City	BROOMFIELD	City
State	CO	State
ZIP Code	80021	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-09-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	730790052	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	OKLAHOMA OPERATING ENGINEERS	BusinessNameLine1
Business Name Line2	WELFARE PLAN	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	OKLA	NameControl
Phone	4056822323	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1300 S MERIDIAN STREET	AddressLine1
Address Line2	ROOM/SUITE 200	AddressLine2
City	OKLAHOMA CITY	City
State	OK	State
ZIP Code	73108	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MICHAEL L STARK JR	Name
Title	CO CHAIRMAN	Title
Phone	4056822323	Phone
Date Signed	2012-07-11	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	KURT NEEDLES	Name
Phone	3034304225	Phone
Date Prepared	2012-07-12	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Amended Return	X	AmendedReturn
Name Of Principal Officer Person	MICHAEL L STARK JR	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1300 S MERIDIAN STREET SUITE 200	AddressLine1
City	OKLAHOMA CITY	City
State	OK	State
ZIP Code	73108	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	16644198	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	WELFARE FUND	TypeOfOrgOtherDescription
Year Formation	1969	YearFormation
State Legal Domicile	OK	StateLegalDomicile
Activity Or Mission Description	HEALTH & WELFARE BENEFITS PROVIDER FOR A LABOR UNION.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	4	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	4	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	5106610	ProgramServiceRevenuePriorYear
Program Service Revenue CY	5333475	ProgramServiceRevenueCY
Investment Income Prior Year	229503	InvestmentIncomePriorYear
Investment Income Current Year	488546	InvestmentIncomeCurrentYear
Other Revenue Prior Year	111352	OtherRevenuePriorYear
Other Revenue Current Year	111586	OtherRevenueCurrentYear
Total Revenue Prior Year	5447465	TotalRevenuePriorYear
Total Revenue Current Year	5933607	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	3456294	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	3714475	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	800568	OtherExpensePriorYear
Other Expenses Current Year	864094	OtherExpensesCurrentYear
Total Expenses Prior Year	4256862	TotalExpensesPriorYear
Total Expenses Current Year	4578569	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1190603	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1355038	RevenuesLessExpensesCY
Total Assets BOY	11575386	TotalAssetsBOY
Total Assets EOY	12981293	TotalAssetsEOY
Total Liabilities BOY	1874717	TotalLiabilitiesBOY
Total Liabilities EOY	1832508	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	9700669	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	11148785	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	HEALTH & WELFARE BENEFITS PROVIDER FOR A LABOR UNION.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	3868138	Expense
Description	HEALTH & WELFARE BENEFITS PROVIDER FOR A LABOR UNION.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	290390	Expense
Description	INSURANCE PREMIUM PAID ON BEHALF OF PARTICIPANTS.	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Expense	17030	Expense
Description	HEALTH & WELFARE BENEFITS PROVIDER FOR A LABOR UNION.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	17030	TotalOfOtherProgramServiceExp
Total Program Service Expense	4175558	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	4	NbrVotingGoverningBodyMembers
Number Independent Voting Members	4	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	true	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	BOARD OF TRUSTEES	NamePerson
Telephone Number	4056822323	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1300 S MERIDIAN SUITE 200	AddressLine1
City	OKLAHOMA CITY	City
State	OK	State
ZIP Code	73108	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	FormerFormer
WILLIAM NOBLE
CHAIRMAN	1.00	X	0	0	0
SAM VANMETER
TRUSTEE	1.00	X	0	0	0
MICHAEL L STARK JR
CO CHAIRMAN	1.00	X	0	0	0
ALAN FERRIS
TRUSTEE	1.00	X	0	0	0
LARRY GAINES
CO CHAIRMAN	1.00		0	0	0	X
MICHAEL A BISHOP
TRUSTEE	1.00		0	0	0	X

Field	Value	IRS element (for citing)
Formers Listed	true	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Business Name Line2NameOfContractor/NameBusiness/BusinessNameLine2	Address Line1AddressOfContractor/AddressUS/AddressLine1	Address Line2AddressOfContractor/AddressUS/AddressLine2	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
BLUE CROSS BLUE SHIELD
BLUE CROSS BLUE SHIELD	1400 S BOSTON	1400 S BOSTON	TULSA	OK	74102	INSURER	192986
ZENITH ADMINISTRATORS INC
ZENITH ADMINISTRATORS INC	1300 S MERIDIAN STREET	1300 S MERIDIAN STREET	OKLAHOMA CITY	OK	73108	ADMINISTRATOR	144882

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	2	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
EMPLOYER CONTRIBUTIONS	3343118	3343118
RECIPROCAL-INCOMING	1813053	1813053
COBRA CONTRIBUTIONS	96939	96939
RETIREE CONTRIBUTIONS	79188	79188
LIQUIDATED DAMAGES	1177	1177

Field	Value	IRS element (for citing)
Total Program Service Revenue	5333475	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	234605	TotalRevenueColumn
Related Or Exempt Function Income	234605	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	10964532	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	10710591	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	253941	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	253941	TotalRevenueColumn
Related Or Exempt Function Income	253941	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
PHARMACY REBATE	67309	67309
COBRA SUBSIDY REIMBURSEMENT	43253	43253
EMPLOYER INTEREST / PENALTY	1024	1024

Field	Value	IRS element (for citing)
Total Other Revenue	111586	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	5933607	TotalRevenueColumn
Related Or Exempt Function Income	5933607	RelatedOrExemptFunctionIncome

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	3714475	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	144882	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	34074	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	16955	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	258827	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	21597	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	976	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	290390	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal
RECIPROCAL-OUTGOING	91987
ADMINISTRATIVE EXPENSE	2329
OTHER EXPENSES	1083
SR. HEALTH PLAN RECEIPTS	744
MEDICARE INFO REPORTING P	250

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	4578569	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	4832754	BOY
EOY	4247953	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1489289	BOY
EOY	1522095	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	5253343	BOY
EOY	7211245	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	11575386	BOY
EOY	12981293	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	38291	BOY
EOY	70344	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1836426	BOY
EOY	1762164	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1874717	BOY
EOY	1832508	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	9700669	BOY
EOY	11148785	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	9700669	BOY
EOY	11148785	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	11575386	BOY
EOY	12981293	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	1355038	ReconcilationRevenueExpenses
Reconcilation Other Changes	93078	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
HOUR BANK LIABILITY	$1,122,433
CLAIMS IBNR	$560,000
ACCOUNTS PAYABLE - BC/BS	$79,731

Field	Value	IRS element (for citing)
Total Of Amounts	1762164	TotalOfAmounts
Total Revenue	5933607	TotalRevenue
Total Expenses	4578569	TotalExpenses
Excess Or Deficit For Year	1355038	ExcessOrDeficitForYear
Net Unrealized GL On Investments	129704	NetUnrealizedGLOnInvestments
Total Adjustments	129704	TotalAdjustments
Excess Or Deficit Per FS	1484742	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	6063311	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	129704	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	129704	RevenueNotRptdF990
Revenue Subtotal	5933607	RevenueSubtotal
Total Revenue Per Form990	5933607	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	4578569	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	4578569	ExpensesSubtotal
Total Expenses Per Form990	4578569	TotalExpensesPerForm990

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

LARRY GAINES
MICHAEL A BISHOP

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
AMENDED RETURN EXPLANATION	FORM 990, PAGE 1, ITEM B	THE FORM WAS AMENDED TO REFLECT THE MOST CURRENT FIGURES FOR CLAIMS INCURRED, BUT NOT REPORTED AND HOUR BANK LIABILITIES.
ALL OTHER ACHIEVEMENTS DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	HEALTH & WELFARE BENEFITS PROVIDER FOR A LABOR UNION.
SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS	FORM 990, PAGE 6, PART VI, LINE 4	THE ORGANIZATION ADOPTED A NEW PLAN DOCUMENT AND SUMMARY PLAN DESCRIPTION ON MARCH 1, 2011.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	FORM 990 WAS PROVIDED TO BOARD OF TRUSTEES FOR THEIR REVIEW.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	TRUSTEES REVIEW ALL POLICIES IN EACH BOARD OF TRUSTEES MEETING.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	OTHER CHANGES IN NET ASSETS ARE AS FOLLOWS: CHANGE IN LIABILITIES - HB: 13,374 CHANGE IN IBNR: (50,000) UNREALIZED GAIN: 129,704