Civic Intelligence

Internat'L Union Operating Engineer Local 825 Scholarship Fund

990 • Fiscal year 2018 • EIN 46-2987896

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 23, 2018

65 Springfield Ave 3rd FlrSpringfield, NJ 07081

(973) 671-6900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.10x

Higher debt load relative to assets than 48% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.99x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

93rd percentile

51%

Higher net margin than 93% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

96th percentile

$338,090

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 152.3% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

59th percentile

6.5%

Faster asset growth than 59% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-8.8%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,111,640

Up $128,421 (+6.5%) from 2017

Net Assets

Up

$1,892,140

Up $125,352 (+7.1%) from 2017

Liabilities

Up

$219,500

Up $3,069 (+1.4%) from 2017

Revenue

Down

$222,013

Down $21,500 (-8.8%) from 2017

Expenses

Up

$107,992

Up $2,712 (+2.6%) from 2017

Net Income

Down

$114,021

Down $24,212 (-18%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $1,502,743Liabilities 2014: $130,086Net Assets 2014: $1,372,6572014Assets 2015: $1,651,998Liabilities 2015: $170,409Net Assets 2015: $1,481,5892015Assets 2016: $1,768,872Liabilities 2016: $202,462Net Assets 2016: $1,566,4102016Assets 2017: $1,983,219Liabilities 2017: $216,431Net Assets 2017: $1,766,7882017Assets 2018: $2,111,640Liabilities 2018: $219,500Net Assets 2018: $1,892,1402018Assets 2019: $2,283,727Liabilities 2019: $226,787Net Assets 2019: $2,056,9402019Assets 2020: $2,403,237Liabilities 2020: $297,002Net Assets 2020: $2,106,2352020Assets 2021: $2,877,440Liabilities 2021: $264,200Net Assets 2021: $2,613,2402021Assets 2022: $2,597,706Liabilities 2022: $394,989Net Assets 2022: $2,202,7172022Assets 2023: $2,788,288Liabilities 2023: $249,500Net Assets 2023: $2,538,7882023Assets 2024: $3,111,663Liabilities 2024: $271,411Net Assets 2024: $2,840,2522024

Highlighted filing

2018

Assets$2,111,640
Liabilities$219,500
Net Assets$1,892,140

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2014: $159,373Expenses 2014: $77,856Net Income 2014: $81,5172014Revenue 2015: $260,134Expenses 2015: $103,409Net Income 2015: $156,7252015Revenue 2016: $210,854Expenses 2016: $100,535Net Income 2016: $110,3192016Revenue 2017: $243,513Expenses 2017: $105,280Net Income 2017: $138,2332017Revenue 2018: $222,013Expenses 2018: $107,992Net Income 2018: $114,0212018Revenue 2019: $252,496Expenses 2019: $108,650Net Income 2019: $143,8462019Revenue 2020: $190,547Expenses 2020: $111,253Net Income 2020: $79,2942020Revenue 2021: $281,895Expenses 2021: $124,694Net Income 2021: $157,2012021Revenue 2022: $63,410Expenses 2022: $107,520Net Income 2022: -$44,1102022Revenue 2023: $399,674Expenses 2023: $118,508Net Income 2023: $281,1662023Revenue 2024: $250,925Expenses 2024: $118,323Net Income 2024: $132,6022024

Highlighted filing

2018

Revenue$222,013
Expenses$107,992
Net Income$114,021
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 23, 2018
Return Version
2017v2.3
Gross Receipts
$270,540
Mission and Program Overview

Mission

Provide scholarships for children of iuoe local 825 members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,263,125$1,676,350▲ $413,225
Savings and Temporary Cash Investments$586,016$303,493▼ $282,523
Accounts Receivable$120,902$67,593▼ $53,309
Prepaid Expenses and Deferred Charges$13,176$64,204▲ $51,028
Total Assets$1,983,219$2,111,640▲ $128,421
Liabilities
Grants Payable$202,500$212,500▲ $10,000
Accounts Payable and Accrued Expenses$13,931$7,000▼ $6,931
Total Liabilities$216,431$219,500▲ $3,069
Net Assets / Fund Balance
Unrestricted Net Assets$1,766,788$1,892,140▲ $125,352
Total Net Assets Fund Balance$1,766,788$1,892,140▲ $125,352
Total Liabilities and Net Assets / Fund Balance$1,983,219$2,111,640▲ $128,421
Compensation and Service Providers

Employees

NameTitleOtherTotal
Christopher LaleveeRecording Se$220,962$220,962
William VaccaroTrustee$2,300$2,300
Alfred ZabickiTrustee$1,800$1,800
Lawrence TaylorTrustee$850$850
Shana GraceTrustee$700$700

Board Members and Trustees

NameTitle
John WoodPresident
Greg LaleveeTrustee
Christopher LaleveeRECORDING SEC'Y
John Locrasto JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$168,283
Program Service Revenue
$0
Investment Income
$52,133
Other Revenue
$1,597
Change in Net Assets
$114,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$222,013
Revenue Not Reported on Form 990
$11,331
Total Revenue per Audited Statements
$233,344
Total Revenue per Form 990
$222,013
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$87,500
Other Expenses$20,492
Total Fundraising Expense$6,713
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$87,500--$87,500
Fees for Services Other$7,000--$7,000
Advertising--$6,713$6,713
Fees for Service Investment Mgmnt Fees-$4,835-$4,835
Other Expenses$1,892--$1,892
Office Expenses-$52-$52
Total Functional Expenses$96,392$4,887$6,713$107,992

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$107,992
Total Expenses per Audited Statements$107,992
Total Expenses per Form 990$107,992
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,750
Fundraising Direct Expenses$48,153
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$114,951$27,100$23,512$3,588
Clayshoot Event$22,650$22,650$18,293$4,357
Total Events$150,440$49,750$48,153$1,597
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Gregory lalevee christopher lalevee trustee recy secy brothers

Form 990, Page 6, Part VI, Line 11B

The organization engages an independent cpa firm to prepare the form 990. Upon completion of the return, the cpa firm provides a draft to the signing officer of the filing organization. This officer reviews the form 990 under authority granted by the filing entity's trust document. The form 990 is subject to review by the trustees of the fund at a subsequent trustee meeting.

Form 990, Page 6, Part VI, Line 19

The organization provides information pertaining to its governing documents, financial statements, policies and procedures to the public as required by law.

Filing and Contact Details

Filer

Filer Name
INTERNAT'L UNION OPERATING ENGINEER
EIN
46-2987896
Phone
9736716900
Address
65 SPRINGFIELD AVE 3RD FLR, SPRINGFIELD, NJ 07081

Signing Officer

Name
John Wood
Title
President
Phone
9736716900
Signed
2018-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Wood
Formed
2011
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
4
Employees
0

Preparer

Firm
Wasilewski & Keating Pc
Address
117 S MAPLE AVE, BASKING RIDGE, NJ 07920
Preparer
Paul F Keating
Phone
9089530919
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The fund accounts for income taxes in accordance with the accounting standards codification (asc) topic income taxes, which provides guidance for the uncertainty of income tax recognition in an entity's financial statements. The fund performed an evaluation of uncertain tax positions for the filing period and determined that there are no matters that would effect the fund's tax exempt status. As of 6/30/2018 the statute of limitations for tax years 2014 through 2016 remain open with the u.s. Federal jurisdiction and the various state and local jurisdictions in which the fund files returns.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC INCOME TAXES, WHICH PROVIDES GUIDANCE FOR THE UNCERTAINTY OF INCOME TAX RECOGNITION IN AN ENTITY'S FINANCIAL STATEMENTS. THE FUND PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE FILING PERIOD AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD EFFECT THE FUND'S TAX EXEMPT STATUS. AS OF 6/30/2018 THE STATUTE OF LIMITATIONS FOR TAX YEARS 2014 THROUGH 2016 REMAIN OPEN WITH THE U.S. FEDERAL JURISDICTION AND THE VARIOUS STATE AND LOCAL JURISDICTIONS IN WHICH THE FUND FILES RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevenuePerForm990Amt0222013
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt027100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt022650
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt049750
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt01597
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt048153
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt027
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SCHOLARSHIP RECIPIENTS MUST PROVIDE DOCUMENTATION WHICH PROVES CURRENT ENROLLMENT IN AN ACCREDITED INSTITIUTION OF HIGHER EDUCATION IN ADDITION TO PRESENTING A VALID TUITION BILLING STATEMENT FROM THE ACCREDITED INSTITUTION.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1THE FILING ORGANIZATION UTILIZES AN OUTSIDE, INDEPENDENT EDUCATIONAL INSTITUTION TO REVIEW SCHOLARSHIP APPLICATIONS. IN ADDITION SCHOLARSHIP WINNERS MUST BE CHILDREN OF MEMBERS IN GOOD STANDING OF IUOE LOCAL 825, A RELATED ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PAGE 4, PART IV
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GREG LALEVEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN LOCRASTO JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOHN WOOD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3CHRISTOPHER LALEVEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3RECORDING SEC'Y
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GREGORY LALEVEE CHRISTOPHER LALEVEE TRUSTEE RECY SECY BROTHERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ENGAGES AN INDEPENDENT CPA FIRM TO PREPARE THE FORM 990. UPON COMPLETION OF THE RETURN, THE CPA FIRM PROVIDES A DRAFT TO THE SIGNING OFFICER OF THE FILING ORGANIZATION. THIS OFFICER REVIEWS THE FORM 990 UNDER AUTHORITY GRANTED BY THE FILING ENTITY'S TRUST DOCUMENT. THE FORM 990 IS SUBJECT TO REVIEW BY THE TRUSTEES OF THE FUND AT A SUBSEQUENT TRUSTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES INFORMATION PERTAINING TO ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, POLICIES AND PROCEDURES TO THE PUBLIC AS REQUIRED BY LAW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IUOE LOCAL 825ABCDRRH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1IUOE LOCAL 825 POLITICAL ACTION &
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0EDUCATION COMMITTEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0221010985
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1222009933
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LABOR UN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1P.A.C.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt065 SPRINGFIELD AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt165 SPRINGFIELD AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SPRINGFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SPRINGFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007081
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd107081
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0PART V: THE FILING ORGANIZATION UTILIZES THE FACILITIES AND EFFORTS OF EMPLOYEES OF IUOE LOCAL 825 TO PERFORM ADMINISTRATIVE TASKS FOR THE SCHOLARSHIP FUND. THE VALUE OF THE USE OF FACILITIES AND EMPLOYEE EFFORTS IS ESTIMATED TO BE LESS THAN 50,000 FOR THE FISCAL YEAR.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false

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