Teamsters National Pipeline Labor- Management Cooperation
- Assets
- $5.2m
- Revenue
- $542.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 11/2002
- Data as of
- 04/2023
- EIN
- 52-2299035
Organization Overview
Teamsters National Pipeline Labor- Management Cooperation is located in Washington, DC. The organization was established in 2002. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 04/2023, Teamsters National Pipeline Labor- Management Cooperation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters National Pipeline Labor- Management Cooperation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 04/2023, Teamsters National Pipeline Labor- Management Cooperation generated $542.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.0m during the year ending 04/2023. 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
THE PURPOSE IS TO INCREASE THE WORK OPPORTUNITIES FOR UNION CONSTRUCTION AND THE EFFICIENCY OF THE PIPE LINE INDUSTRY, TO FOSTER A HARMONIOUS RELATIONSHIP BETWEEN THE EMPLOYER ASSOCIATION AND THE UNION, AND TO PROTECT AND PROMOTE PUBLIC HEALTH SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LABOR MANAGEMENT TRUST FUND ASSISTS IN DEALING WITH UNION MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Mykyte Co-Chair - Employer | Trustee | 1 | $0 |
Marion D Davis Co-Chair - Union (p) | Trustee | 20 | $98,895 |
Michael Nunnenkamp Employer Trustee | Trustee | 1 | $0 |
David Laborde Union Trustee/pipe Line Di (p) | Trustee | 1 | $0 |
Josh Ramsey Union Trustee (p) | Trustee | 1 | $0 |
Jeff Cooper Co-Chair - Union | 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 | $297,652 |
| Investment income | $125,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,832 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,872 |
| 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. | $160,433 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $135,720 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,791 |
| Fees for services: Management | $53,185 |
| Fees for services: Legal | $5,300 |
| Fees for services: Accounting | $14,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,175 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,746 |
| Office expenses | $15,165 |
| Information technology | $33,636 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $85,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $283,791 |
| Interest | $0 |
| Payments to affiliates | $156,250 |
| Depreciation, depletion, and amortization | $9,428 |
| Insurance | $6,152 |
| All other expenses | $29,632 |
| Total functional expenses | $1,029,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,656 |
| Savings and temporary cash investments | $44,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,461 |
| 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 | $2,011 |
| Investments—publicly traded securities | $4,829,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,405 |
| Total assets | $5,169,488 |
| Accounts payable and accrued expenses | $204,362 |
| 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 | $38,200 |
| Total liabilities | $242,562 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,926,926 |
| 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 | $5,169,488 |