International Brotherhood Of Teamsters
- Assets
- $4.8m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 114
- Location
- Washington, DC
- Founding
- 07/1940
- Data as of
- 12/2022
- EIN
- 53-0059347
Organization Overview
International Brotherhood Of Teamsters is located in Washington, DC. The organization was established in 1940. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, International Brotherhood Of Teamsters employed 114 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 12/2022, International Brotherhood Of Teamsters generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.5m during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 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 UNION - PROVIDES BARGAINING SERVICES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR UNION PROVIDING REPRESENTATION TO MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gibson President | OfficerTrustee | 55 | $157,555 |
Wayne Settles Vice President | OfficerTrustee | 55 | $130,590 |
William Davis Secretary - Treasurer | OfficerTrustee | 55 | $145,437 |
Robert Reddix Former Recording Secretary | OfficerTrustee | 55 | $143,095 |
Sandra Hodge Trustee | Trustee | 10 | $12,176 |
Joseph Freeman Trustee | Trustee | 10 | $12,834 |
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 | $5,437,391 |
| Investment income | $7,828 |
| 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 | $5,496,937 |
| 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. | $1,048,647 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,197,825 |
| Pension plan accruals and contributions | $410,702 |
| Other employee benefits | $170,006 |
| Payroll taxes | $164,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170,975 |
| Fees for services: Accounting | $27,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,744 |
| Advertising and promotion | $0 |
| Office expenses | $373,489 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,494 |
| Travel | $146,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,015 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,199 |
| Insurance | $84,735 |
| All other expenses | $65,263 |
| Total functional expenses | $5,458,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609,385 |
| Savings and temporary cash investments | $2,149,944 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,277 |
| 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 | $7,078 |
| Net Land, buildings, and equipment | $512,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,379,292 |
| Total assets | $4,756,712 |
| Accounts payable and accrued expenses | $319,737 |
| 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 | $14,173 |
| Total liabilities | $333,910 |
| Net assets without donor restrictions | $4,422,802 |
| 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 | $4,756,712 |