Midwest Operating Engineers Welfare Fund FY2021 filing

Not tax-deductible

Countryside, ILMutual-benefit / member-servingSince 1953Mutual / membership EIN 36-6109395Revenue $576.6M in FY2021

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

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Provide health benefits

$635K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · 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
$635K
to officers and key staff · 0.2% 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 $644.7M in investments, Pt X · Ln 11–13
Fine: 0.0 months of spending in cash, plus $644.7M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36.1M
2% of total assets
Looks good: liabilities are 2% 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
$576.6M
+74% vs prior year
Spent
$396.9M
Net assets
$1.6B
By yearFY2020–FY2025
Revenue
$576.6M
FY2021▲ +74%
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
$396.9M
FY2021▲ +30%
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
$1.6B
FY2021▲ +189%
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 FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 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

17 people listed on the 990; $635K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Administrative Manager
$210,916Pt VII · Sec A
Controller
$155,312Pt VII · Sec A
Communication Director
$144,834Pt VII · Sec A
Director of Operations
$123,640Pt VII · Sec A
$0Pt VII · Sec A
$0Pt 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.

See Midwest Operating Engineers Welfare Fund executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Midwest Operating Engineers Welfare Fund

Tap to ask. Midwest Operating Engineers Welfare Fund sees how many people are interested.

Your first name shows with your question. Midwest Operating Engineers Welfare Fund answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2020
01

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$576.6M
Ln 12
Fees for servicesLn 2g$339.7M
Other incomeLn 4–11$218.7M
Investment incomeLn 3$18.2M
Money outPt IX
$396.9M
Ln 25
Owns and owesPt X
$1.6B
net assets · Ln 32
Cash and savingsLn 1–2$320K
Total assetsLn 16$1.7B
LiabilitiesLn 26$36.1M
PeoplePt VI, VII
17
listed · VII A
PaidVII A4
Voting boardVI 1a11
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$339.7M
Investment incomeLn 3$18.2M
Other incomeLn 4–11$218.7M
Gains on assetsLn 7$7.1M
Total revenueLn 12$576.6M
Assets in detailPt X, end of year
CashLn 1$320K
Cash and savings togetherLn 1–2$320K
InvestmentsLn 11–13$644.7M
Land, buildings, equipmentLn 10c$2.5M
Other assetsLn 15$26.5M
Total assetsLn 16$1.7B
LiabilitiesLn 26$36.1M
Net assetsLn 32$1.6B
OperationsPt I, VI
EmployeesI 599
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.6M$320K
InvestmentsLn 11–13$517.1M$644.7M
Land, buildings, equipmentLn 10c$3.4M$2.5M
Total assetsLn 16$570.8M$707.0M
LiabilitiesLn 26$24.7M$36.1M
Net assetsLn 32$546.1M$670.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$279.4M
Pay of current officers, directors and key staffLn 5$297K
Other salaries and wagesLn 7$6.1M
Pension plan contributionsLn 8$2.3M
Other employee benefitsLn 9$2.6M
Payroll taxesLn 10$516K
Legal feesLn 11b$580K
Accounting feesLn 11c$122K
Investment management feesLn 11f$799K
Other fees for servicesLn 11g$466K
Office expensesLn 13$662K
Information technologyLn 14$471K
OccupancyLn 16$889K
Conferences, conventions and meetingsLn 19$21K
Depreciation, depletion and amortizationLn 22$882K
InsuranceLn 23$78K
Other expenses (24a–d)Ln 24$1.7M
Total functional expensesLn 25$297.8M

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 Viewing $576.6M$396.9M$179.7M$1.6B 990 PDF
FY2020 $330.9M$306.0M$24.9M$546.1M 990 PDF

More to add? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $359,073,808 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $315,369,428$339,690,750
I-10 Investment incomePrior year $15,472,816$18,224,118
I-11 Other revenuePrior year $9,025$1,158,940
I-12 Total revenuePrior year $330,851,269$359,073,808
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $287,672,492$279,372,731
I-15 Salaries and benefitsPrior year $11,450,337$11,793,137
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,872,544$6,626,913
I-18 Total expensesPrior year $305,995,373$297,792,781
I-19 Revenue less expensesPrior year $24,855,896$61,281,027
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
Part VIII · Statement of revenue $359,073,808 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $339,690,750$339,690,750
VIII-3 Investment incomeExcluded from tax $11,112,826$11,112,826
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,111,292$7,111,292
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,158,940$1,158,940
VIII-12 Total revenueRelated to mission $339,690,750 · Unrelated business $0 · Excluded from tax $19,383,058$359,073,808
Part IX · Statement of functional expenses $297,792,781 across 17 lines filed
IX-4 Benefits paid to or for members$279,372,731
IX-5 Pay of current officers, directors and key staff$297,301
IX-7 Other salaries and wages$6,097,049
IX-8 Pension plan contributions$2,318,254
IX-9 Other employee benefits$2,564,805
IX-10 Payroll taxes$515,728
IX-11b Legal fees$579,933
IX-11c Accounting fees$122,284
IX-11f Investment management fees$799,145
IX-11g Other fees for services$465,856
IX-13 Office expenses$661,752
IX-14 Information technology$470,839
IX-16 Occupancy$888,858
IX-19 Conferences, conventions and meetings$20,859
IX-22 Depreciation, depletion and amortization$881,730
IX-23 Insurance$77,561
IX-24 Other expenses (24a–d)$1,658,096
IX-25 Total functional expenses$297,792,781
Part X · Balance sheet $706,990,803 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,573,691$319,842
X-4 Accounts receivableStart of year $33,386,748$31,965,421
X-9 Prepaid expenses and deferred chargesStart of year $713,204$912,091
X-10c Land, buildings and equipment, netStart of year $3,354,972$2,532,701
X-11 Publicly traded securitiesStart of year $294,101,678$346,647,536
X-12 Other securitiesStart of year $222,968,547$298,101,593
X-15 Other assetsStart of year $14,727,011$26,511,619
X-16 Total assetsStart of year $570,825,851$706,990,803
X-17 Accounts payable and accrued expensesStart of year $5,823,199$5,361,855
X-19 Deferred revenueStart of year $4,151,966$4,271,317
X-25 Other liabilitiesStart of year $14,727,011$26,511,619
X-26 Total liabilitiesStart of year $24,702,176$36,144,791
X-32 Total net assets or fund balancesStart of year $546,123,675$670,846,012
X-33 Total liabilities and net assetsStart of year $570,825,851$706,990,803
Part XI · Reconciliation of net assets $670,846,012 net assets at year end
XI-1 Total revenue$359,073,808
XI-2 Total expenses$297,792,781
XI-3 Revenue less expenses$61,281,027
XI-4 Net assets at start of year$546,123,675
XI-5 Net unrealized gains (losses) on investments$63,441,310
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$670,846,012

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.