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OPERATING ENGINEERS LOCAL 137 LABOR MANAGEMENT COOPERATIVE TRUST
BRIARCLIFF MANOR, NY · EIN 826654758 · Form 990 · FY2024 · NTEE J40 · Employment · Small ($100K-$1M)
revenue
$706K
expenses
$987K
net assets
$1.2M
employees
0
mission · from form 990

THE PURPOSE OF THE TRUST IS TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE INDUSTRY; PRESERVE, IDENTIFY AND EXPAND WORK OPPORTUNITIES; PROMOTE EFFICIENCY IN OPERATIONS AND THE ECONOMIC COMPETITIVENESS; PROMOTE THE ESTABLISHMENT AND MAINTENANCE OF QUALITY TRAINING PROGRAMS; ESTABLISH AND MAINTAIN MECHANISMS FOR MONITORING AND ENFORCING COMPLIANCE WITH FEDERAL, STATE AND LOCAL LAWS, RULES, REGULATIONS AND STANDARDS; AND AWARD GRANTS TO ELIGIBLE EMPLOYERS WHO ARE COLLECTIVELY BARGAINED WITH THE UNION.

profile · synthesized from sources

Trust established by labor and management representatives for Operating Engineers Local 137 to improve industry communication, expand work opportunities, and promote efficiency. Focuses on developing quality training programs, ensuring regulatory compliance, and supporting economic competitiveness in the sector. Awards grants to employers that are party to collective bargaining agreements with the union.

named programs · 3 · from sources

What they call their work

Compliance Monitoring
Develops mechanisms to ensure adherence to federal, state, and local laws and regulations in the industry
Labor-Management Cooperation
Facilitates communication and joint initiatives between union representatives and employers in the operating engineers industry
Training Program Development
Establishes and maintains quality training programs for union members to enhance skills and job readiness
activities · 1 group

What they do

  • Union-Linked Educational Scholarships 1 activity
    • Funding employer programs through grants
      Provides financial support to eligible employers who are part of collective bargaining agreements with the union, enabling programs that align with labor-management cooperation goals.
financials · form 990 · fy2024
revenue
Total revenue$706K
Contributions & grants$00%
Program service revenue$694K98%
Investment income$11K2%
Other revenue$0
expenses
Total expenses$987K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$864K
Largest expense lineProfessional Fees
balance sheet
Total assets$1.32M
Cash$1.24M
Investments$0
Liabilities$97K
Net assets$1.22M
Liquid reserves15.1 mo
4 years on record · 2020–2024 · YoY revenue +10.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
ALBERT WASSELL FUND MANAGER 4 $257K
board members · 6
  • JAMES SASSO — UNION TRUSTEE
  • JEFFREY LOUGHLIN — UNION TRUSTEE
  • JOHN COONEY — EMP TRUSTEE
  • MARK FANTE — EMP TRUSTEE
  • MICHAEL MILLER — UNION TRUSTEE
  • RICHARD LOMBARDI — EMP TRUSTEE
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.