Civic Intelligence

Internat'L Union Operating Engineer Local 825 Scholarship Fund

990 • Fiscal year 2022 • EIN 46-2987896

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 24, 2023

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

90th percentile

0.15x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

6.23x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Net Margin

18th percentile

-70%

Higher net margin than 18% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

97th percentile

$395,974

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 624.5% of source-year revenue.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Source year 2022

Asset Growth

27th percentile

-9.7%

Faster asset growth than 27% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-78%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • NTEE B82 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,597,706

Down $279,734 (-9.7%) from 2021

Net Assets

Down

$2,202,717

Down $410,523 (-16%) from 2021

Liabilities

Up

$394,989

Up $130,789 (+50%) from 2021

Revenue

Down

$63,410

Down $218,485 (-78%) from 2021

Expenses

Down

$107,520

Down $17,174 (-14%) from 2021

Net Income

Down

-$44,110

Down $201,311 (-128%) from 2021

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

2022

Assets$2,597,706
Liabilities$394,989
Net Assets$2,202,717

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

2022

Revenue$63,410
Expenses$107,520
Net Income-$44,110
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 24, 2023
Return Version
2021v4.0
Gross Receipts
$949,725
Mission and Program Overview

Mission

Provide scholarships for children of iuoe local 825 members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,484,147$2,180,237▼ $303,910
Savings and Temporary Cash Investments$281,234$291,225▲ $9,991
Prepaid Expenses and Deferred Charges$44,107$68,086▲ $23,979
Accounts Receivable$67,952$58,158▼ $9,794
Total Assets$2,877,440$2,597,706▼ $279,734
Liabilities
Grants Payable$240,000$240,000→ $0
Deferred Revenue$4,700$147,989▲ $143,289
Accounts Payable and Accrued Expenses$19,500$7,000▼ $12,500
Total Liabilities$264,200$394,989▲ $130,789
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,613,240$2,202,717▼ $410,523
Total Net Assets Fund Balance$2,613,240$2,202,717▼ $410,523
Total Liabilities and Net Assets / Fund Balance$2,877,440$2,597,706▼ $279,734
Compensation and Service Providers

Employees

NameTitleOtherTotal
Christopher LaleveeRecording Se$266,458$266,458
William VaccaroTrustee$1,800$1,800
John Reardon JrTrustee$1,350$1,350
Shana GraceTrustee$1,350$1,350
Lawrence TaylorTrustee$1,300$1,300

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$645,228
Program Service Revenue
$0
Investment Income
$63,241
Other Revenue
$-645,059
All Other Contributions
$1,575
Change in Net Assets
$-44,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$87,359
Other Expenses$20,161
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$87,359--$87,359
Fees for Service Investment Mgmnt Fees-$7,543-$7,543
Fees for Services Other$7,000--$7,000
Other Expenses$5,231--$5,231
Office Expenses-$387-$387
Total Functional Expenses$99,590$7,930$0$107,520
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$886,315
Fundraising Gross Income$241,256
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Dance$390,345$214,850$859,036$-644,186
Motorcycle Run$8,649$8,649$12,347$-3,698
Total Events$412,276$236,781$881,533$-644,752
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 35% controlled entity
No
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
2023-04-24
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
Volunteers
20

Preparer

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

Additional Explanations

Form 990, Page 1, Part I, Line 6

The organization hold fundraising events throughout the year and they are organized and coordinated by volunteers affiliated with iuoe local 825.

Financial Statement Notes

Schedule D, Page 3, Part X

The fund is a not-for-profit organization exempt from all income taxes under section 501(c)(3) of the internal revenue code. No provision for income taxes is needed for the year ended june 30, 2022. The fund accounts for income taxes in accordance with the asc topic income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The fund performed an evaluation of uncertain tax positions for the years ended june 30, 2022 and 2021 and determined that there were no matters that would require recognition in the financial statements or that may have an effect on its tax-exempt status. As of june 30, 2022, the statute of limitations for tax years 2018 through 2020 remain open with the u.s. Federal jurisdiction and the various states and local jurisdictions in which the fund files returns.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM ALL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES IS NEEDED FOR THE YEAR ENDED JUNE 30, 2022. THE FUND ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE ASC TOPIC INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FUND PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2022 AND 2021 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2022, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2018 THROUGH 2020 REMAIN OPEN WITH THE U.S. FEDERAL JURISDICTION AND THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE FUND FILES RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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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/ExplanationTxt0THE ORGANIZATION HOLD FUNDRAISING EVENTS THROUGHOUT THE YEAR AND THEY ARE ORGANIZED AND COORDINATED BY VOLUNTEERS AFFILIATED WITH IUOE LOCAL 825.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GREGORY LALEVEE CHRISTOPHER LALEVEE TRUSTEE RECY SECY BROTHERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE 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 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1IUOE LOCAL 825 POLITICAL ACTION &
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0EDUCATION COMMITTEE
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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
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