International Brotherhood Of Teamsters
- Assets
- $1.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 26
- Location
- Virginia Beach, VA
- Founding
- 02/1941
- Data as of
- 12/2022
- EIN
- 54-0201728
Organization Overview
International Brotherhood Of Teamsters is located in Virginia Beach, VA. The organization was established in 1941. 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 26 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 $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 3.1% 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
TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, HOURS AND WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIOTIONS AND COLLECTIVE BARGAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEGOTIATE WAGES, HOURS AND BENEFITS FOR THE 2,000+ MEMBERS OF THE LOCAL. REPRESENT THE MEMBERS IN LABOR DISPUTES THROUGH NEGOTIATION AND ARBITRATION.
PROVIDE LIFE INSURANCE BENEFITS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Wright President | Officer | 60 | $133,650 |
Robert G Slater V/p | Officer | 40 | $95,013 |
James Seymour Bus. Agt.& T | Trustee | 40 | $75,135 |
Johnny Sawyer Sec/trea | OfficerTrustee | 40 | $50,000 |
Efigenio Ortiz Jr Trustee | Trustee | 5 | $9,050 |
Gregory Carpenter Trustee | Trustee | 5 | $7,139 |
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 | $1,294,569 |
| Investment income | $1,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,458,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,350 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $44,796 |
| Compensation of current officers, directors, key employees. | $502,353 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,180 |
| Pension plan accruals and contributions | $39,362 |
| Other employee benefits | $24,750 |
| Payroll taxes | $53,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,538 |
| Fees for services: Accounting | $5,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,960 |
| Advertising and promotion | $0 |
| Office expenses | $24,611 |
| Information technology | $11,184 |
| Royalties | $0 |
| Occupancy | $39,754 |
| Travel | $60,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,963 |
| Interest | $164 |
| Payments to affiliates | $298,474 |
| Depreciation, depletion, and amortization | $24,727 |
| Insurance | $8,835 |
| All other expenses | $63 |
| Total functional expenses | $1,441,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,867 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $88,447 |
| Investments—publicly traded securities | $45,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $811,215 |
| Total assets | $1,220,780 |
| 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 | $4,116 |
| Total liabilities | $4,116 |
| Net assets without donor restrictions | $1,216,664 |
| 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 | $1,220,780 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Teamsters has awarded $38,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AID ANOTHER | | | $28,200 |
TEAMSTERS SCHOLARSHIP FUND | | | $10,000 |