International Brotherhood Of Teamsters
- Assets
- $646.2k
- Revenue
- $881.0k
- Investments
- $0.0
- Employees
- 14
- Location
- Rock Island, IL
- Founding
- 05/1966
- Data as of
- 12/2021
- EIN
- 36-1882108
Organization Overview
International Brotherhood Of Teamsters is located in Rock Island, IL. The organization was established in 1966. 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 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 12/2021, International Brotherhood Of Teamsters generated $881.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $822.8k during the year ending 12/2021. While expenses have increased by 0.3% 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
TO ORGANIZE WORKERS, SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH COLLECTIVE BARGAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNION PROGRAM - TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGE THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micahel Kensinger President | Officer | 40 | $73,125 |
Daniel Barry Secretary Treasurer | Officer | 40 | $67,260 |
Scott Stiles Former Vice President | Officer | 40 | $38,304 |
Matthew Mander Recording Secretary | Officer | 2 | $4,860 |
Carlton Smith Trustee | Officer | 2 | $3,650 |
Rick Harris Trustee | Officer | 2 | $3,650 |
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 | $738,256 |
| Investment income | $19,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,918 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $398 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $880,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,115 |
| 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. | $294,705 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,149 |
| Pension plan accruals and contributions | $35,152 |
| Other employee benefits | $45,861 |
| Payroll taxes | $26,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,544 |
| Fees for services: Accounting | $6,500 |
| 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 | $24,368 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,678 |
| Travel | $9,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,535 |
| Interest | $0 |
| Payments to affiliates | $180,169 |
| Depreciation, depletion, and amortization | $14,261 |
| Insurance | $6,093 |
| All other expenses | $2,370 |
| Total functional expenses | $822,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,926 |
| Savings and temporary cash investments | $0 |
| 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 | $3,014 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $255,661 |
| Investments—publicly traded securities | $198,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $646,212 |
| 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 | $746 |
| Total liabilities | $746 |
| Net assets without donor restrictions | $645,466 |
| 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 | $646,212 |