International Brotherhood Of Teams Ters
- Assets
- $1.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 21
- Location
- Waterbury, CT
- Founding
- 02/1941
- Data as of
- 12/2021
- EIN
- 06-0389865
Organization Overview
International Brotherhood Of Teams Ters is located in Waterbury, CT. The organization was established in 1941. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, International Brotherhood Of Teams Ters employed 21 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Brotherhood Of Teams Ters is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, International Brotherhood Of Teams Ters generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 3.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTERED & NEGOTIATED COLLECTIVE BARGAINING AGREEMENTS THAT PROVIDE IMPROVED WAGES, WORKING HOURS,WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES FOR ITS RESPECTIVE MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Capobianco Sec/treas - Bus Agent | Officer | 50 | $141,300 |
Michael Rinaldi (former) President - Bus Agent | Officer | 50 | $115,061 |
William Petruno President - Bus Agent | Officer | 50 | $103,825 |
Frank Bonacassio (former) Vice President-Bus Agent | Officer | 50 | $98,498 |
Jose Abreu Vice President-Bus Agent | Officer | 50 | $23,937 |
Steven Law Trustee | Trustee | 4 | $6,349 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,899,240 |
| Investment income | $2,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,927,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,362 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,000 |
| Compensation of current officers, directors, key employees. | $495,266 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,481 |
| Pension plan accruals and contributions | $255,425 |
| Other employee benefits | $152,941 |
| Payroll taxes | $62,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,000 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,154 |
| Advertising and promotion | $0 |
| Office expenses | $64,341 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,169 |
| Travel | $43,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,769 |
| Interest | $0 |
| Payments to affiliates | $457,641 |
| Depreciation, depletion, and amortization | $33,745 |
| Insurance | $7,647 |
| All other expenses | $109 |
| Total functional expenses | $1,881,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,351,783 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $113,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,465,598 |
| Accounts payable and accrued expenses | $8,534 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $194,700 |
| Total liabilities | $203,234 |
| Net assets without donor restrictions | $1,262,364 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,465,598 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Teams Ters has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO THE FAMILY OF NATHAN BURKE WHO WAS KILLED ON THE JOB WHILE WORKING FOR UNITED PARCEL SERVICE. | $10,000 |
Boston, MA PURPOSE: SCHOLARSHIP FUND DONATIONS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Teachers New York, NY | $15,634,112 | $19,917,624 |
International Brotherhood Of Electrical Workers Flushing, NY | $42,808,557 | $29,527,864 |
American Federation Of State County & Municipal Employees New York, NY | $5,666,474 | $18,719,600 |
Laboers International Union Of North America New York, NY | $82,959,218 | $20,599,249 |
Electrical Workers Local No 86 Insurance Fund Plan And Trust Rochester, NY | $26,301,983 | $18,525,409 |
International Brotherhood Of Electrical Workers Dorchester, MA | $20,226,169 | $18,660,825 |
International Union Of Painters And Allied Trades New York, NY | $30,422,741 | $16,478,287 |
International Brotherhood Of Teamsters New York, NY | $10,937,127 | $16,693,793 |
New York State Correctional Albany, NY | $26,423,975 | $18,262,137 |
Retail Wholesale & Department Store Union New York, NY | $50,504,227 | $15,796,954 |
Laborers International Union Of North America Astoria, NY | $45,280,264 | $16,536,779 |
Council Of School Supervisors And Administrators Of The City Of Ny New York, NY | $57,802,367 | $21,293,230 |