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Operating Engineers Local 66 Welfare Fund

Not tax-deductible

Pittsburgh, PAMutual-benefit / member-servingSince 1968EIN 25-1187299Revenue $83.0M in FY2025

On file with the IRSPo Box 38682, 15238-8682 · Pittsburgh, PATax-exempt since Oct 1968

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To pay welfare benefits

Mission: Form 990 Part I, line 1

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
6 of 6
filings with a surplus
Average surplus $10.7M a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$83.0M
+10% vs prior year
Spent
$76.0M
Net assets
$316.2M
By yearFY2020–FY2025
Revenue
$83.0M
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$72.7M
FY2021$78.0M
FY2022$72.3M
FY2023$74.1M
FY2024$75.7M
FY2025$83.0M
Expenses
$76.0M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$55.9M
FY2021$61.4M
FY2022$62.2M
FY2023$65.6M
FY2024$70.5M
FY2025$76.0M
Net assets
$316.2M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$249.3M
FY2021$276.9M
FY2022$259.0M
FY2023$279.8M
FY2024$295.8M
FY2025$316.2M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1968.

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

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
Jesse Direnna
Employee Trustee
$0Pt VII · Sec A
Shawn Bertiaux
Employee Trustee
$0Pt VII · Sec A
Keith Koppenhaver
Employee Trustee
$0Pt VII · Sec A
Branden Lischner
Employee Trustee
$0Pt VII · Sec A
Brian Wydick
Employee Trustee
$0Pt VII · Sec A
Mark Shepler
Employee Trustee
$0Pt VII · Sec A
Robert Kahl
Employee Trustee
$0Pt VII · Sec A
Ali Mills
Employer Trustee
$0Pt VII · Sec A
See Operating Engineers Local 66 Welfare Fund executive salaries →

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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

Provides medical benefits to members and their dependents through insurance and self-funded programs.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

To provide medical benefits to members and their dependents through both insurance and self-funded programs.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$83.0M
Ln 12
Fees for servicesLn 2g$71.1M
Investment incomeLn 3$11.9M
Money outPt IX
$76.0M
Ln 25
Owns and owesPt X
$316.2M
net assets · Ln 32
Cash and savingsLn 1–2$23.3M
Total assetsLn 16$317.3M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$71.1M
Investment incomeLn 3$11.9M
Gains on assetsLn 7$2.1M
Total revenueLn 12$83.0M
Assets in detailPt X, end of year
CashLn 1$429K
SavingsLn 2$22.9M
Cash and savings togetherLn 1–2$23.3M
InvestmentsLn 11–13$280.5M
Other assetsLn 15$4.6M
Total assetsLn 16$317.3M
LiabilitiesLn 26$1.1M
Net assetsLn 32$316.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$20.8M$23.3M
InvestmentsLn 11–13$260.0M$280.5M
Total assetsLn 16$296.7M$317.3M
LiabilitiesLn 26$910K$1.1M
Net assetsLn 32$295.8M$316.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$74.5M$0
Legal feesLn 11b$17K$0$0$0
Accounting feesLn 11c$25K$0$0$0
Investment management feesLn 11f$275K$0$0$0
Conferences, conventions and meetingsLn 19$54K$0$0$0
InsuranceLn 23$23K$0$0$0
Other expenses (24a–d)Ln 24$1.1M$0$0$0
All other expensesLn 24e$13K$0$0$0
Total functional expensesLn 25$76.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $83.0M$76.0M$7.0M$316.2M 990 PDF
FY2024 $75.7M$70.5M$5.1M$295.8M 990 PDF
FY2023 $74.1M$65.6M$8.6M$279.8M 990 PDF
FY2022 $72.3M$62.2M$10.0M$259.0M 990 PDF
FY2021 $78.0M$61.4M$16.6M$276.9M 990 PDF
FY2020 $72.7M$55.9M$16.9M$249.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $83,049,313 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $66,745,953$71,131,233
I-10 Investment incomePrior year $8,909,548$11,918,080
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $75,655,501$83,049,313
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $69,095,789$74,534,313
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,442,752$1,485,059
I-18 Total expensesPrior year $70,538,541$76,019,372
I-19 Revenue less expensesPrior year $5,116,960$7,029,941
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $83,049,313 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$71,131,233
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $9,798,801$9,798,801
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,119,279$2,119,279
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $71,131,233 · Unrelated business $0 · Excluded from tax $11,918,080$83,049,313
Part IX · Statement of functional expenses $76,019,372 across 8 lines filed
IX-4 Benefits paid to or for membersPrograms $0$74,534,313
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$16,546
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$25,000
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$274,891
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$53,819
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$22,528
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$1,079,666
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$12,609
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$76,019,372
Part X · Balance sheet $317,348,777 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $397,791$429,066
X-2 Savings and temporary cash investmentsStart of year $20,435,214$22,897,708
X-4 Accounts receivableStart of year $8,012,771$8,798,597
X-9 Prepaid expenses and deferred chargesStart of year $128,439$174,578
X-11 Publicly traded securitiesStart of year $260,012,929$280,451,124
X-15 Other assetsStart of year $7,738,103$4,597,704
X-16 Total assetsStart of year $296,725,247$317,348,777
X-17 Accounts payable and accrued expensesStart of year $288,670$451,481
X-25 Other liabilitiesStart of year $621,298$681,991
X-26 Total liabilitiesStart of year $909,968$1,133,472
X-32 Total net assets or fund balancesStart of year $295,815,279$316,215,305
X-33 Total liabilities and net assetsStart of year $296,725,247$317,348,777
Part XI · Reconciliation of net assets $316,215,305 net assets at year end
XI-1 Total revenue$83,049,313
XI-2 Total expenses$76,019,372
XI-3 Revenue less expenses$7,029,941
XI-4 Net assets at start of year$295,815,279
XI-5 Net unrealized gains (losses) on investments$13,370,085
XI-10 Net assets at end of year$316,215,305

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

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