International Brotherhood Of Teamsters
- Assets
- $2.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Charlotte, NC
- Founding
- 09/1940
- Data as of
- 12/2022
- EIN
- 56-0276491
Organization Overview
International Brotherhood Of Teamsters is located in Charlotte, NC. 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 24 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 $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 3.6% 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 ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE WORKERS, SECURE & IMPROVE WAGES, HOURS, WORKING CONDITIONS & OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION NEGOTIATIONS & COLLECTIVE BARGAINING - 2,868 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Ford President | OfficerTrustee | 60 | $135,860 |
Brandon Price Secretary/tr | OfficerTrustee | 60 | $134,539 |
Michael B Austin Recording Se | OfficerTrustee | 60 | $131,069 |
Clifton B Crawford Vice Preside | OfficerTrustee | 60 | $130,137 |
Sean C Williams Trustee | OfficerTrustee | 4.5 | $9,166 |
Allen Byers Trustee | OfficerTrustee | 4.5 | $8,292 |
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 | $2,117,711 |
| Investment income | $8,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,546 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,158,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,100 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,500 |
| Compensation of current officers, directors, key employees. | $725,470 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $275,244 |
| Pension plan accruals and contributions | $69,488 |
| Other employee benefits | $93,216 |
| Payroll taxes | $65,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,213 |
| Fees for services: Accounting | $13,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $0 |
| Office expenses | $66,321 |
| Information technology | $28,329 |
| Royalties | $0 |
| Occupancy | $46,688 |
| Travel | $36,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,878 |
| Interest | $784 |
| Payments to affiliates | $486,324 |
| Depreciation, depletion, and amortization | $61,799 |
| Insurance | $20,713 |
| All other expenses | $16,268 |
| Total functional expenses | $2,134,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,292 |
| Savings and temporary cash investments | $1,105,416 |
| 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 | $1,152,681 |
| Investments—publicly traded securities | $104,370 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,633,759 |
| 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 | $29,898 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,507 |
| Total liabilities | $64,405 |
| Net assets without donor restrictions | $2,569,354 |
| 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 | $2,633,759 |