Cumberland Maryland Area Teamsters Construction Banking Fund

Organization Overview

Cumberland Maryland Area Teamsters Construction Banking Fund is located in Cumberland, MD. The organization was established in 1995. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Maryland Area Teamsters Construction Banking Fund 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, Cumberland Maryland Area Teamsters Construction Banking Fund generated $254.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $321.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

A PROGRAM FOR UNION MEMBERS CONSISTING OF THE FOLLOWING BENEFITS: LIFE INSURANCE, VISION, WEEKLY DISABILITY, HOSPITALIZATION, DENTAL, AND ACCIDENTAL DEATH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

A PROGRAM FOR UNION MEMBERS CONSISTING OF THE FOLLOWING BENEFITS: LIFE INSURANCE, VISION, WEEKLY DISABILITY, HOSPITALIZATION, DENTAL, AND ACCIDENTAL DEATH.


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Board, Officers & Key Employees

Name (title)Compensation
Carl Belt Jr
Trustee
$0
Lawrence A Wolfe Jr
Chairman/ Tr
$0
Jerry M Rumer
Trustee
$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$253,893
Investment income $375
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $254,268

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