Operating Engineers Industry Stabil Ization Trust Fund FY2023 filing

Not tax-deductible

Alameda, CA501(c)(6)EIN 94-3018932

To enhance the enforcement of prevailing wage laws through the foundation for fair contracting within the geographical area covered by the master agreement.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
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
5 of 5
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$293K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 2 voting members
Fine: 1 of 2 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-1% vs prior year
Spent
$1.1M
Net assets
$0
By yearFY2020–FY2024
Revenue
$1.1M
FY2023▼ -1%
Revenue by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
Expenses
$1.1M
FY2023▼ -1%
Expenses by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
Net assets
$0
FY2023
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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 ruling in Jan 1987.

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

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
Trustee (co-Chairman)
$0Pt VII · Sec A
Trustee (co-Chairman)
$0Pt VII · Sec A
See Operating Engineers Industry Stabil Ization Trust 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

Programs and updates

Ensures prevailing wage laws are followed for fair contracting.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2023.
01

To enhance the enforcement of prevailing wage laws through the foundation for fair contracting within the geographical area covered by the master agreement.

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 · this organization's grantmaking
Grants paid · 5 grants · $5.4M · 2020–2024
Foundation for Fair ContractingWA · FY2024$1,110,438
Foundation for Fair ContractingWA · FY2023$1,104,383
Foundation for Fair ContractingWA · FY2022$1,119,157
Foundation for Fair ContractingWA · FY2021$1,077,549
Foundation for Fair ContractingWA · FY2020$1,022,948

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Other incomeLn 4–11$1K
Investment incomeLn 3$703
Money outPt IX
$1.1M
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$293K
LiabilitiesLn 26$293K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$703
Other incomeLn 4–11$1K
Gains on assetsLn 7$0
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$104K
Cash and savings togetherLn 1–2$104K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$293K
LiabilitiesLn 26$293K
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$102K$104K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$276K$293K
LiabilitiesLn 26$276K$293K
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
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$10K
Legal feesLn 11b$314
Accounting feesLn 11c$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
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$3K
Other expenses (24a–d)Ln 24$6K
Total functional expensesLn 25$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$1.1M$0$0 990 PDF
FY2023 Viewing $1.1M$1.1M$0$0 990 PDF
FY2022 $1.1M$1.1M$0$0 990 PDF
FY2021 $1.1M$1.1M$0$0 990 PDF
FY2020 $1.0M$1.0M$0$0 990 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,127,416 across 9 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 $1,125,549 · Unrelated business $0 · Excluded from tax $0$1,125,549
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $703$703
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-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,164 · Unrelated business $0 · Excluded from tax $0$1,164
VIII-12 Total revenueRelated to mission $1,126,713 · Unrelated business $0 · Excluded from tax $703$1,127,416
Part IX · Statement of functional expenses $1,127,416 across 30 lines filed
IX-1 Grants to domestic organizations$1,104,383
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
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$10,151
IX-11b Legal fees$314
IX-11c Accounting fees$3,900
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
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$2,916
IX-24 Other expenses (24a–d)$5,752
IX-25 Total functional expenses$1,127,416
Part X · Balance sheet $292,596 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $101,855$0
X-2 Savings and temporary cash investmentsStart of year $0$104,262
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $171,930$187,544
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $2,352$790
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $276,137$292,596
X-17 Accounts payable and accrued expensesStart of year $50$1,068
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $276,087$291,528
X-26 Total liabilitiesStart of year $276,137$292,596
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $276,137$292,596
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$1,127,416
XI-2 Total expenses$1,127,416
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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