Teamsters Local 179 Labor-Management Cooperation Committee
- Assets
- $522.2k
- Revenue
- $444.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Joliet, IL
- Founding
- Data as of
- 10/2022
- EIN
- 27-1130588
Organization Overview
Teamsters Local 179 Labor-Management Cooperation Committee is located in Joliet, IL. As of 10/2022, Teamsters Local 179 Labor-Management Cooperation Committee employed 3 individuals. Teamsters Local 179 Labor-Management Cooperation Committee is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2022, Teamsters Local 179 Labor-Management Cooperation Committee generated $444.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $368.8k during the year ending 10/2022. While expenses have increased by 2.2% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LABOR-MANAGEMENT COOPERATION COMMITTEE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER IMPROVED RELATIONS AND COMMUNICATIONS BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rusty Tobey Trustee | Trustee | 1 | $0 |
Matt Marketti Trustee | Trustee | 1 | $0 |
Jim Babcock Trustee | Trustee | 1 | $0 |
Bob Joly Trustee - New | Trustee | 1 | $89,900 |
Bob Conners Trustee | Trustee | 1 | $0 |
Jeff Brown Trustee - Past | Trustee | 1 | $0 |
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 | $436,610 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,818 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $444,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,724 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,914 |
| Pension plan accruals and contributions | $51,189 |
| Other employee benefits | $39,440 |
| Payroll taxes | $17,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,921 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,170 |
| Travel | $1,825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,676 |
| Interest | $944 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,610 |
| Insurance | $7,334 |
| All other expenses | $0 |
| Total functional expenses | $368,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,673 |
| Savings and temporary cash investments | $200,022 |
| 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 | $1,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $522,221 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $107 |
| Total liabilities | $107 |
| Net assets without donor restrictions | $522,114 |
| 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 | $522,221 |