Civic Intelligence

Internat'L Union Operating Engineer Local 825 Scholarship Fund

990 • Fiscal year 2019 • EIN 46-2987896

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

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

50th percentile

0.10x

Higher debt load relative to assets than 50% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.90x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

94th percentile

57%

Higher net margin than 94% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$339,813

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 134.6% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

58th percentile

8.1%

Faster asset growth than 58% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,283,727

Up $172,087 (+8.1%) from 2018

Net Assets

Up

$2,056,940

Up $164,800 (+8.7%) from 2018

Liabilities

Up

$226,787

Up $7,287 (+3.3%) from 2018

Revenue

Up

$252,496

Up $30,483 (+14%) from 2018

Expenses

Up

$108,650

Up $658 (+0.6%) from 2018

Net Income

Up

$143,846

Up $29,825 (+26%) from 2018

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

2019

Assets$2,283,727
Liabilities$226,787
Net Assets$2,056,940

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

2019

Revenue$252,496
Expenses$108,650
Net Income$143,846
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.2
Gross Receipts
$722,968
Mission and Program Overview

Mission

Provide scholarships for children of iuoe local 825 members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,676,350$1,772,906▲ $96,556
Savings and Temporary Cash Investments$303,493$420,305▲ $116,812
Accounts Receivable$67,593$68,116▲ $523
Prepaid Expenses and Deferred Charges$64,204$22,400▼ $41,804
Total Assets$2,111,640$2,283,727▲ $172,087
Liabilities
Grants Payable$212,500$214,987▲ $2,487
Accounts Payable and Accrued Expenses$7,000$7,000→ $0
Deferred Revenue-$4,800-
Total Liabilities$219,500$226,787▲ $7,287
Net Assets / Fund Balance
Unrestricted Net Assets$1,892,140$2,056,940▲ $164,800
Total Net Assets Fund Balance$1,892,140$2,056,940▲ $164,800
Total Liabilities and Net Assets / Fund Balance$2,111,640$2,283,727▲ $172,087
Compensation and Service Providers

Employees

NameTitleOtherTotal
Christopher LaleveeRecording Se$230,643$230,643
William VaccaroTrustee$3,087$3,087
Alfred ZabickiTrustee$2,587$2,587
Lawrence TaylorTrustee$1,100$1,100
Shana GraceTrustee$900$900

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$278,132
Program Service Revenue
$0
Investment Income
$75,054
Other Revenue
$-100,690
Change in Net Assets
$143,846

Audited Revenue Reconciliation

Revenue per Audited Statements
$252,496
Revenue Not Reported on Form 990
$20,954
Total Revenue per Audited Statements
$273,450
Total Revenue per Form 990
$252,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$95,000
Other Expenses$13,650
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$95,000--$95,000
Fees for Services Other$7,000--$7,000
Fees for Service Investment Mgmnt Fees-$5,011-$5,011
Other Expenses$1,361--$1,361
Office Expenses$278--$278
Total Functional Expenses$103,639$5,011$0$108,650

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$108,650
Total Expenses per Audited Statements$108,650
Total Expenses per Form 990$108,650
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$241,979
Fundraising Gross Income$141,289
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Dance$201,655$78,950$182,377$-103,427
Golf Outing$108,450$26,400$32,964$-6,564
Total Events$351,805$141,289$241,979$-100,690
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
2020-05-15
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 6/30/2019 the statute of limitations for tax years 2015 through 2017 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 6/30/2019 THE STATUTE OF LIMITATIONS FOR TAX YEARS 2015 THROUGH 2017 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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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt034
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/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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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/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IUOE LOCAL 825ABCDRRH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1IUOE LOCAL 825 POLITICAL ACTION &
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0EDUCATION COMMITTEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0221010985
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1222009933
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LABOR UN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1P.A.C.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt165 SPRINGFIELD AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SPRINGFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SPRINGFIELD
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