Pipeliners Local Union 798 FY2022 filing

Not tax-deductible

Tulsa, OK501(c)(5)Since 1949EIN 73-0569630

Provide representation to participating employees in the pipeline industry.

$3.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
6 of 6
years in the black
Looks good: no deficit in the last 6 filings.
Pt I · Ln 19 · 6 filings
What are leaders paid?
$3.5M
to officers and key staff · 31% of spending
Concern: leaders' pay is 31% of spending; over 30% is a concern.
Pt VII · Sec A
Do they have reserves?
26 mo
of spending, in cash
Looks good: 25.7 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $150K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$778K
liabilities
Looks good: debts are 0% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
0
independent of 4 voting board members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$13.9M
-6% vs prior year
Spent
$11.5M
Net assets
$146.2M
By yearFY2020–FY2025
Revenue
$13.9M
FY2022▼ -6%
Revenue by fiscal year
FY2020$12.8M
FY2021$14.9M
FY2022$13.9M
FY2023$14.9M
FY2024$15.5M
FY2025$23.0M
Expenses
$11.5M
FY2022▼ -9%
Expenses by fiscal year
FY2020$11.5M
FY2021$12.6M
FY2022$11.5M
FY2023$13.3M
FY2024$15.0M
FY2025$17.3M
Net assets
$146.2M
FY2022▼ -13%
Net assets by fiscal year
FY2020$150.5M
FY2021$167.4M
FY2022$146.2M
FY2023$161.9M
FY2024$169.6M
FY2025$175.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CPipeliners Local Union 798
EINHdr · item D73-0569630
Exempt statusHdr · item I501(c)(5) · active
Ruling yearIRS BMFApr 1959
Year of formationHdr · item L1949
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CTulsa, OK
NTEE classificationIRS BMFNonprofit

Financial health

Is it on solid ground?

Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$146.9M
FY2022▼ -13%
Total assets by fiscal year
FY2020$151.6M
FY2021$168.4M
FY2022$146.9M
FY2023$163.0M
FY2024$170.5M
FY2025$176.2M
Total liabilities
$778K
FY2022▼ -22%
Total liabilities by fiscal year
FY2020$1.1M
FY2021$997K
FY2022$778K
FY2023$1.2M
FY2024$859K
FY2025$1.0M
Revenue less expensesPt I · Ln 19$2.5M
Total assetsPt X · Ln 16$146.9M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$24.5M
Total assetsLn 16$146.9M
Total liabilitiesLn 26$778K
Total net assetsLn 32$146.2M
Months of cash on handcomputed25.7

Statement of Revenue

Part VIII
Investment income$7.3M · 53%
Program service revenue$6.5M · 47%
Other revenue$74K · 1%
Investment income53%$7.3M
Program service revenue47%$6.5M
Other revenue1%$74K
Total revenueLn 12$13.9M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $145.3M · Operating expenses/yr $11.5M
152.2 months
Where the money goes
Program services
Program services — · Total expenses $11.5M
—
Management & General
Management & general — · Total expenses $11.5M
—
Fundraising
Fundraising — · Total expenses $11.5M
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $13.9M
0%
Government reliance
Government grants — · Total revenue $13.9M
—
Earned-income share
Program service revenue $6.5M · Total revenue $13.9M
47%
Investment reliance
Investment income $7.3M · Total revenue $13.9M
+53%
Program self-sufficiency
Program service revenue $6.5M · Total expenses $11.5M
57%
Growth & trend
Revenue growth (YoY)
This year $13.9M · Prior year $14.9M
-6%
Net-asset trend (YoY)
End of year $146.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $13.9M · Expenses $11.5M
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $146.9M
—
Net-asset ratio
Net assets $146.2M · Total assets $146.9M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $104.7M · Other securities (Pt X, ln 12) $16.1M · Total assets (Pt X, ln 16) $146.9M
82%
People & payroll
Highest Reported Total Compensation
Individual Phillip Justin Wallace · Reported title FINANCIAL SECRETARY TREASU · Highest reported compensation $329K · Total expenses $11.5M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.6M · Total expenses $11.5M
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -6%——
Investment management fee ratio 0.2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Financial Secretary Treasu
$328,814Pt VII · Sec A
Business Manager
$317,746Pt VII · Sec A
Dispatcher
$252,474Pt VII · Sec A
Business Agent
$249,147Pt VII · Sec A
Business Agent
$249,147Pt VII · Sec A
Business Agent
$249,147Pt VII · Sec A
Business Agent
$249,147Pt VII · Sec A
Organizer
$249,147Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Daniel C Hendrix$389,386$325,432$327,732$317,746——
Daniel Hendrix————$348,398$316,834
Phillip J Wallace$344,404$334,856————
Phillip Justin Wallace——$327,394$328,814——
Justin Wallace————$306,017$304,074
Chad P Simmons$286,527$282,825$255,083$85,158——
Ralph W Zoller$275,473$260,023————
James R Dick JR$270,654$261,194$257,301$252,474——

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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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Advocates for employees in the pipeline industry.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
01

Bluelight report publication is a magazine sent monthly to all members of local 798. The publication provides members with information concerning the workforce and employment support.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$150K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $23.0M$17.3M+48% 990 PDF
FY2024 $15.5M$15.0M+4% 990 PDF
FY2023 $14.9M$13.3M+7% 990 PDF
FY2022 Viewing $13.9M$11.5M-6% 990 PDF
FY2021 $14.9M$12.6M+16% 990 PDF
FY2020 $12.8M$11.5M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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