Teamsters Local 325 Labor- Management Task Force Fund
- Assets
- $106.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 10/2006
- Data as of
- 09/2023
- EIN
- 05-0578591
Organization Overview
Teamsters Local 325 Labor- Management Task Force Fund is located in Rockford, IL. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Local 325 Labor- Management Task Force Fund is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Teamsters Local 325 Labor- Management Task Force Fund generated $80.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $64.9k during the year ending 09/2023. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Calvert Co-Chair - Union | 2 | $0 | |
Glen Turpoff Co-Chair - Employer | 2 | $0 | |
David Anspaugh Trustee - Employer | 1 | $0 | |
Regan Chester Trustee - Union | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $80,263 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $550 |
| Total Revenue | $80,813 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,372 |
| Professional fees and other payments to independent contractors | $1,494 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6 |
| Total expenses | $64,872 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,214 |
| Other assets | $0 |
| Total assets | $106,214 |
| Total liabilities | $543 |
| Net assets or fund balances | $105,671 |