Nonprofit · EIN 13-1739714
INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND
Also known as 137 137A 137B 137C
Tax-exempt · BRIARCLIFF, NY 10510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $26,731,157 | $20,493,710 | $6,237,447 | $44,363,533 | $5,845,585 | $38,517,948 |
| December 31, 2024 | 990 | $25,665,882 | $24,864,553 | $801,329 | $37,227,899 | $5,856,865 | $31,371,034 |
| December 31, 2023 | 990 | $24,995,441 | $25,396,226 | -$400,785 | $36,079,279 | $7,086,974 | $28,992,305 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $24,813,589
- Investment income
- $1,917,568
- Net gain from sales of assets
- $995,684
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $20,140,626
- Compensation of officers, directors and key employees
- $269,510
- Other salaries and wages
- $324,906
- Salaries, compensation and benefits (total)
- $1,087,989
- Professional fundraising fees
- $0
- Legal fees
- $41,487
- Accounting fees
- $191,662
- Occupancy
- $53,460
Balance sheet and other
- Total assets, start of year
- $37,227,899
- Total assets, end of year
- $44,363,533
- Total liabilities, end of year
- $5,845,585
- Net assets, end of year
- $38,517,948
- Publicly traded securities
- $29,995,083
- Gross receipts
- $55,780,365
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1951
- State of legal domicile
- NY
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALBERT WASSELL | FUND MANAGER Officer | 10 | $158,766 | $110,744 |
| JEFFREY LOUGHLIN | UNION TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| JAMES SASSO | UNION TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL MILLER | UNION TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| JOHN COONEY | EMPLOYER TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD LOMBARDI | EMPLOYER TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| MARK FANTE | EMPLOYER TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALBERT WASSELL | FUND MANAGER Officer | 10 | $154,254 | $103,068 |
| JEFFREY LOUGHLIN | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES SASSO | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL MILLER | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN COONEY | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD LOMBARDI | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK FANTE | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALBERT WASSELL | FUND MANAGER - EFF 07/23 Officer | 10 | $89,429 | $59,046 |
| RITA KOSTIK | FUND MANAGER - THRU 06/23 Officer | 10 | $111,105 | $34,470 |
| JEFFREY LOUGHLIN | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES SASSO | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL MILLER | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD LOMBARDI | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK FANTE | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN COONEY | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1360 PLEASANTVILLE RD, BRIARCLIFF, NY 10510-1620
- Principal officer (990 for 2025)
- ALBERT WASSEL, 1360 PLEASANTVILLE ROAD, BRIARCLIFF MANOR, NY 10510
- Signed the 990
- JEFFREY LOUGHLIN, UNION TRUSTEE
- Phone
- (914) 762-1268
- Website
- HTTP://IUOELOCAL137.COM/
- Return prepared by
- SCHULTHEIS & PANETTIERI LLP
Mission
THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
Program accomplishments
- THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1739714
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $44,363,533
- Income (IRS master file)
- $55,780,365
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $26,731,157 | $20,493,710 | $44,363,533 | XML |
| 990 | December 2024 | $25,665,882 | $24,864,553 | $37,227,899 | XML |
| 990 | December 2023 | $24,995,441 | $25,396,226 | $36,079,279 | XML |
| 990 | December 2022 | $20,886,571 | $23,589,090 | $32,122,929 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 13-1739714).
Questions about INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND
- What is the EIN of INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND?
- The employer identification number (EIN) of INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND is 13-1739714.
- Is INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1993.
- Are donations to INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND 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 INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND?
- The 990 for the year ended December 31, 2025 names ALBERT WASSEL.
- Who are the officers and directors of INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $158,766 (ALBERT WASSELL, FUND MANAGER).
- How much revenue does INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $26,731,157, expenses of $20,493,710 and total assets of $44,363,533 at year end.
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