Labor & Oper Engineers Util H&w FY2022 filing

Phoenix, AZUnknown exempt organization EIN 86-0576428Revenue $6.3M in FY2022

On file with the IRSPo Box 43110 · Phoenix, AZ

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Major medical, vision, dental, and group life insurance benefits for participants and their dependents.

Mission: Form 990 Part I, line 1

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $582K a year · 10% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Plus $3.7M in investments, Pt X · Ln 11–13
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.9M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
+19% vs prior year
Spent
$5.5M
To programs
0%
Net assets
$3.9M
By yearFY2020–FY2024
Revenue
$6.3M
FY2022▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.5M
FY2021$5.3M
FY2022$6.3M
FY2023$5.8M
FY2024$5.4M
Expenses
$5.5M
FY2022▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7M
FY2021$5.8M
FY2022$5.5M
FY2023$4.4M
FY2024Not on file
Net assets
$3.9M
FY2022▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$3.3M
FY2022$3.9M
FY2023$5.4M
FY2024$5.4M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Labor & Oper Engineers Util H&w 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 major medical, vision, dental, and life insurance benefits to participants and their families.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Major medical, vision, dental, and group life insurance benefits for participants and their dependents.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.3M
Ln 12
Fees for servicesLn 2g$6.2M
Investment incomeLn 3$67K
Money outPt IX
$5.5M
Ln 25
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$6.8M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.2M
Investment incomeLn 3$67K
Gains on assetsLn 7$0
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
CashLn 1$875K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$2.4M
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$6.8M
LiabilitiesLn 26$2.9M
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$1.8M$2.4M
InvestmentsLn 11–13$3.8M$3.7M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$6.2M$6.8M
LiabilitiesLn 26$2.9M$2.9M
Net assetsLn 32$3.3M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$5.2M
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$149K
Legal feesLn 11b$18K
Accounting feesLn 11c$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$7K
Other fees for servicesLn 11g$100K
Advertising and promotionLn 12$0
Office expensesLn 13$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$18K
Other expenses (24a–d)Ln 24$43K
All other expensesLn 24e$676
Total functional expensesLn 25$5.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.4M$5.4M 990 PDF
FY2023 $5.8M$4.4M$1.4M$5.4M 990 PDF
FY2022 Viewing $6.3M$5.5M$739K$3.9M 990 PDF
FY2021 $5.3M$5.8M−$561K$3.3M 990 PDF
FY2020 $6.5M$5.7M$778K$3.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $6,282,253 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $5,243,941$6,214,776
I-10 Investment incomePrior year $31,270$67,477
I-11 Other revenue$0
I-12 Total revenuePrior year $5,275,211$6,282,253
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $5,492,378$5,199,080
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $343,644$344,654
I-18 Total expensesPrior year $5,836,022$5,543,734
I-19 Revenue less expensesPrior year −$560,811$738,519
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
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 $6,282,253 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,214,776$6,214,776
VIII-3 Investment incomeExcluded from tax $67,477$67,477
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $6,214,776 · Excluded from tax $67,477$6,282,253
Part IX · Statement of functional expenses $5,543,734 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$5,199,080
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$148,927
IX-11b Legal fees$18,000
IX-11c Accounting fees$8,500
IX-11d Lobbying fees$0
IX-11f Investment management fees$7,015
IX-11g Other fees for services$99,717
IX-12 Advertising and promotion$0
IX-13 Office expenses$1,473
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$17,767
IX-24 Other expenses (24a–d)$42,579
IX-24e All other expenses$676
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$5,543,734
Part X · Balance sheet $6,816,068 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $266,668$875,308
X-2 Savings and temporary cash investmentsStart of year $1,506,054$1,513,533
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $660,502$671,894
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $30,072$30,511
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $3,763,016$3,724,822
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $6,226,312$6,816,068
X-17 Accounts payable and accrued expensesStart of year $3,842$17,300
X-25 Other liabilitiesStart of year $2,934,465$2,862,269
X-26 Total liabilitiesStart of year $2,938,307$2,879,569
X-32 Total net assets or fund balancesStart of year $3,288,005$3,936,499
X-33 Total liabilities and net assetsStart of year $6,226,312$6,816,068
Part XI · Reconciliation of net assets $3,936,499 net assets at year end
XI-1 Total revenue$6,282,253
XI-2 Total expenses$5,543,734
XI-3 Revenue less expenses$738,519
XI-4 Net assets at start of year$3,288,005
XI-5 Net unrealized gains (losses) on investments−$90,025
XI-10 Net assets at end of year$3,936,499

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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