Operating Engineers Local No 825 Welfare Fund

Not tax-deductible

Springfield, NJMutual-benefit / member-servingSince 1952Mutual / membership EIN 22-6033381Revenue $218.9M in FY2025Latest return filed May 8, 2026

On file with the IRS65 Springfield Ave, 07081-1308 · Springfield, NJTax-exempt since Nov 1952

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To provide Welfare benefits to plan participants.

$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $13.8M a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$1.1M
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $263.7M in investments, Pt X · Ln 11–13
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.2M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 8 voting members
Fine: 4 of 8 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$218.9M
+6% vs prior year
Spent
$219.7M
Net assets
$315.6M
By yearFY2020–FY2025
Revenue
$218.9M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$171.6M
FY2021$170.8M
FY2022$181.1M
FY2023$189.6M
FY2024$207.1M
FY2025$218.9M
Expenses
$219.7M
FY2025▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$150.5M
FY2021$160.8M
FY2022$169.4M
FY2023$171.3M
FY2024$185.0M
FY2025$219.7M
Net assets
$315.6M
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$251.7M
FY2021$271.4M
FY2022$269.4M
FY2023$287.2M
FY2024$311.8M
FY2025$315.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1952.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

17 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director Accounting & Fina
$192,026Pt VII · Sec A
Administrator
$170,018Pt VII · Sec A
Senior Infrastructure Engi
$166,164Pt VII · Sec A
Senior Software Engineer
$159,547Pt VII · Sec A
Administrator
$154,511Pt VII · Sec A
Director Collections & Aud
$150,434Pt VII · Sec A
Audits Manager
$137,375Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christine Medich$154,511$253,949$242,908$233,530$240,693$224,974
Susan Sonntag$192,026$182,979$140,029$115,786$105,487—
Sherry Viso$170,018—————
Christopher Schiavino$166,164$147,891————
Michael Daleo$159,547$147,325————
Eric Torbic$150,434$146,339————
Patrice Clarke$137,375$132,842$125,315———
Mike Daleo——$132,204$127,008$121,654—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Operating Engineers Local No 825 Welfare Fund executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes welfare benefits to plan participants.

Questions for Operating Engineers Local No 825 Welfare Fund

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Your first name shows with your question. Operating Engineers Local No 825 Welfare Fund answers here, for everyone.

1 program · in their own filed words · FY2024
01

Provide health and welfare benefits to eligible participants.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$218.9M
Ln 12
Fees for servicesLn 2g$205.2M
Investment incomeLn 3$13.0M
Other incomeLn 4–11$673K
Money outPt IX
$219.7M
Ln 25
Owns and owesPt X
$315.6M
net assets · Ln 32
Cash and savingsLn 1–2$33.0M
Total assetsLn 16$326.8M
LiabilitiesLn 26$11.2M
PeoplePt VI, VII
17
listed · VII A
PaidVII A7
Voting boardVI 1a8
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$205.2M
Investment incomeLn 3$13.0M
Other incomeLn 4–11$673K
Gains on assetsLn 7$2.3M
Total revenueLn 12$218.9M
Assets in detailPt X, end of year
CashLn 1$4.9M
SavingsLn 2$28.1M
Cash and savings togetherLn 1–2$33.0M
InvestmentsLn 11–13$263.7M
Land, buildings, equipmentLn 10c$545K
Other assetsLn 15$1.4M
Total assetsLn 16$326.8M
LiabilitiesLn 26$11.2M
Net assetsLn 32$315.6M
OperationsPt I, VI
EmployeesI 551
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$39.0M$33.0M
InvestmentsLn 11–13$254.8M$263.7M
Land, buildings, equipmentLn 10c$565K$545K
Total assetsLn 16$320.9M$326.8M
LiabilitiesLn 26$9.1M$11.2M
Net assetsLn 32$311.8M$315.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$207.6M
Pay of current officers, directors and key staffLn 5$484K
Other salaries and wagesLn 7$2.4M
Pension plan contributionsLn 8$585K
Other employee benefitsLn 9$665K
Payroll taxesLn 10$234K
Legal feesLn 11b$853K
Accounting feesLn 11c$97K
Investment management feesLn 11f$969K
Other fees for servicesLn 11g$1.0M
Office expensesLn 13$303K
Information technologyLn 14$436K
OccupancyLn 16$356K
TravelLn 17$1K
Conferences, conventions and meetingsLn 19$6K
Depreciation, depletion and amortizationLn 22$142K
InsuranceLn 23$265K
Other expenses (24a–d)Ln 24$3.2M
Total functional expensesLn 25$219.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 8, 2026 $218.9M$219.7M−$739K$315.6M 990 PDF
FY2024Filed with the IRS May 6, 2025 $207.1M$185.0M$22.2M$311.8M 990 PDF
FY2023Filed with the IRS May 14, 2024 $189.6M$171.3M$18.3M$287.2M 990 PDF
FY2022Filed with the IRS May 15, 2023 $181.1M$169.4M$11.7M$269.4M 990 PDF
FY2021Filed with the IRS May 9, 2022 $170.8M$160.8M$10.0M$271.4M 990 PDF
FY2020Filed with the IRS May 7, 2021 $171.6M$150.5M$21.1M$251.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $218,933,865 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $194,698,721$205,247,385
I-10 Investment incomePrior year $12,140,325$13,013,387
I-11 Other revenuePrior year $309,709$673,093
I-12 Total revenuePrior year $207,148,755$218,933,865
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $173,688,202$207,579,542
I-15 Salaries and benefitsPrior year $3,951,387$4,406,039
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,343,718$7,687,319
I-18 Total expensesPrior year $184,983,307$219,672,900
I-19 Revenue less expensesPrior year $22,165,448−$739,035
Part VI · Governance 4 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $218,933,865 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $205,247,385$205,247,385
VIII-3 Investment incomeExcluded from tax $10,680,702$10,680,702
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,332,685$2,332,685
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $673,093$673,093
VIII-12 Total revenueRelated to mission $205,247,385 · Unrelated business $0 · Excluded from tax $13,686,480$218,933,865
Part IX · Statement of functional expenses $219,672,900 across 18 lines filed
IX-4 Benefits paid to or for members$207,579,542
IX-5 Pay of current officers, directors and key staff$483,724
IX-7 Other salaries and wages$2,437,856
IX-8 Pension plan contributions$585,206
IX-9 Other employee benefits$664,994
IX-10 Payroll taxes$234,259
IX-11b Legal fees$853,164
IX-11c Accounting fees$97,060
IX-11f Investment management fees$968,648
IX-11g Other fees for services$1,043,896
IX-13 Office expenses$302,674
IX-14 Information technology$436,066
IX-16 Occupancy$355,526
IX-17 Travel$1,200
IX-19 Conferences, conventions and meetings$6,040
IX-22 Depreciation, depletion and amortization$141,841
IX-23 Insurance$264,678
IX-24 Other expenses (24a–d)$3,216,526
IX-25 Total functional expenses$219,672,900
Part X · Balance sheet $326,768,354 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $6,862,456$4,903,154
X-2 Savings and temporary cash investmentsStart of year $32,114,274$28,124,931
X-4 Accounts receivableStart of year $21,665,588$24,509,258
X-9 Prepaid expenses and deferred chargesStart of year $3,614,361$3,568,661
X-10c Land, buildings and equipment, netStart of year $564,878$545,354
X-11 Publicly traded securitiesStart of year $211,602,237$221,260,362
X-12 Other securitiesStart of year $43,207,619$42,464,127
X-15 Other assetsStart of year $1,263,578$1,392,507
X-16 Total assetsStart of year $320,894,991$326,768,354
X-17 Accounts payable and accrued expensesStart of year $7,942,694$9,372,254
X-25 Other liabilitiesStart of year $1,137,629$1,792,942
X-26 Total liabilitiesStart of year $9,089,825$11,165,196
X-32 Total net assets or fund balancesStart of year $311,805,166$315,603,158
X-33 Total liabilities and net assetsStart of year $320,894,991$326,768,354
Part XI · Reconciliation of net assets $315,603,158 net assets at year end
XI-1 Total revenue$218,933,865
XI-2 Total expenses$219,672,900
XI-3 Revenue less expenses−$739,035
XI-4 Net assets at start of year$311,805,166
XI-5 Net unrealized gains (losses) on investments$4,537,027
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$315,603,158

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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