International Brotherhood Of Teamsters
- Assets
- $1.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Hazlet, NJ
- Founding
- 02/1941
- Data as of
- 12/2023
- EIN
- 22-1010250
Organization Overview
International Brotherhood Of Teamsters is located in Hazlet, NJ. 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 12/2023, International Brotherhood Of Teamsters employed 14 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Brotherhood Of Teamsters is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, International Brotherhood Of Teamsters generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION AND REPRESENTATION OF WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTATION OF MEMBERS IN THE COLLECTIVE BARGAINING PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Broderick President | Officer | 40 | $127,497 |
Michael Tkatch Vice President | Officer | 40 | $125,169 |
Vincent Minichino Secretary Treasurer | Officer | 40 | $116,817 |
Christina Montorio Recording Secretary | Officer | 1 | $111,842 |
Joseph Morgan Trustee | Officer | 1 | $105,076 |
Thomas Hillas Trustee | Officer | 40 | $5,340 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,039,145 |
| 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 | $2,039,145 |
| Total Program Service Revenue | $0 |
| Investment income | $9,852 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,052,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $597,441 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,880 |
| Pension plan accruals and contributions | $269,855 |
| Other employee benefits | $185,733 |
| Payroll taxes | $59,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,544 |
| Fees for services: Accounting | $5,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,761 |
| Advertising and promotion | $0 |
| Office expenses | $31,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,113 |
| Travel | $21,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,583 |
| Interest | $115 |
| Payments to affiliates | $496,458 |
| Depreciation, depletion, and amortization | $29,104 |
| Insurance | $30,128 |
| All other expenses | $3,729 |
| Total functional expenses | $1,997,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,982 |
| Savings and temporary cash investments | $773,076 |
| 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 | $156,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,199,938 |
| Accounts payable and accrued expenses | $0 |
| 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 | $106,756 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $106,756 |
| Net assets without donor restrictions | $1,093,182 |
| 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 | $1,199,938 |