Midwest Operating Engineers Welfare Fund FY2020 filing

Not tax-deductible

Countryside, ILMutual-benefit / member-servingSince 1953Mutual / membership EIN 36-6109395Revenue $330.9M in FY2020

On file with the IRSmoefunds.com6150 Joliet Rd, 60525-3956 · Countryside, ILTax-exempt since Mar 1955

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Provide health benefits

$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · 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 $164.9M a year · 26% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$1.0M
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $517.1M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $517.1M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$24.7M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 11 voting members
Looks good: 6 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$330.9M
Spent
$306.0M
Net assets
$546.1M
By yearFY2020–FY2025
Revenue
$330.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$330.9M
FY2021$576.6M
FY2022$632.5M
FY2023$656.8M
FY2024$758.9M
FY2025$801.8M
Expenses
$306.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$306.0M
FY2021$396.9M
FY2022$464.2M
FY2023$491.9M
FY2024$528.1M
FY2025$580.7M
Net assets
$546.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$546.1M
FY2021$1.6B
FY2022$1.7B
FY2023$1.8B
FY2024$2.0B
FY2025$2.3B

From the FY2020 Form 990 (year ending March 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1955.

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

Who runs it and what they're paid

34 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Administrative Manager
$213,483Pt VII · Sec A
Administrative Manager
$213,483Pt VII · Sec A
Controller
$157,807Pt VII · Sec A
Controller
$157,807Pt VII · Sec A
Communication Director
$142,517Pt VII · Sec A
Communication Director
$142,517Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tom Bernstein$322,766$321,427$247,419$217,881$210,916$213,483
Thomas Bernstein—————$213,483
Angela McMillin$185,773—————
Kathleen Grimm———$168,715$155,312$157,807
Pamela Kowalski—$158,963$151,762$150,757$144,834$142,517
Martin D Turek—$153,981————
Michael Aprile—$153,960————
Trudy Mares$140,617$128,162————

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.

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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 15aYes

Programs and updates

Provides health, vision, dental, prescription, death, and disability benefits for eligible operating engineers and their dependents.

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Provided by the organization

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2 programs · in their own filed words · FY2019
01

To provide health care, vision, dental, prescription, family supplemental, death and disability benefits for eligible participants and their covered dependents.

Pt IX · col B
02

To provide health care, vision, dental, prescription, death and disability benefits for eligible participants and their covered dependents.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$330.9M
Ln 12
Fees for servicesLn 2g$315.4M
Investment incomeLn 3$15.5M
Other incomeLn 4–11$9K
Money outPt IX
$306.0M
Ln 25
Owns and owesPt X
$546.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$570.8M
LiabilitiesLn 26$24.7M
PeoplePt VI, VII
34
listed · VII A
PaidVII A6
Voting boardVI 1a11
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$315.4M
Investment incomeLn 3$15.5M
Other incomeLn 4–11$9K
Total revenueLn 12$330.9M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$1.6M
Total assetsLn 16$570.8M
LiabilitiesLn 26$24.7M
Net assetsLn 32$546.1M
OperationsPt I, VI
EmployeesI 599
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $801.8M$580.7M$221.1M$2.3B 990 PDF
FY2024 $758.9M$528.1M$230.8M$2.0B 990 PDF
FY2023 $656.8M$491.9M$165.0M$1.8B 990 PDF
FY2022 $632.5M$464.2M$168.3M$1.7B 990 PDF
FY2021 $576.6M$396.9M$179.7M$1.6B 990 PDF
FY2020 Viewing $330.9M$306.0M$24.9M$546.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support J · Pay O · Explanations
See the full FY2020 990 (1 part)
Part VI · Governance 6 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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