International Brotherhood Of Teamsters
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Little Rock, AR
- Founding
- 02/1941
- Data as of
- 12/2022
- EIN
- 71-0050884
Organization Overview
International Brotherhood Of Teamsters is located in Little Rock, AR. 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 19 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 1.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 0.8% 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 ORGANIZING, NEGOTIATING AND PROVIDING BENEFITS FOR MEMBERS IN SECURING FAIR WAGES AND WORK PLACE SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRACT NEGOTIATION WITH EMPLOYERS ON BEHALF OF OUR UNION MEMBERS
UNION ORGANIZING ACTIVITIES TO HELP EMPLOYEES ESTABLISH REPRESENTATION AND HAVE A STRONGER PRESENCE IN NEGOTIATING CONTRACTS AND WORK PLACE CONDITIONS.
WORKFORCE REPRESENTATION ON BEHALF OF EMPLOYEES WHO HAVE GRIEVANCES WITH THEIR EMPLOYERS RELATED TO THEIR EMPLOYMENT, SAFETY AND WORK PLACE CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Lester Trustee | Trustee | 5 | $4,997 |
Kenton Spicer Trustee | Trustee | 5 | $5,901 |
John Fikes Trustee | Trustee | 5 | $6,432 |
Name Not Listed Secretary | 5 | $6,272 | |
Tim Nichols President | Officer | 40 | $114,030 |
Kimberly Stair-Sumers Treasurer | Officer | 40 | $102,971 |
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 | $1,465,811 |
| Investment income | $9,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,488,613 |
| 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. | $249,397 |
| Compensation of current officers, directors, key employees. | $74,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,632 |
| Pension plan accruals and contributions | $101,666 |
| Other employee benefits | $112,323 |
| Payroll taxes | $34,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,396 |
| Fees for services: Accounting | $16,624 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $413 |
| Office expenses | $46,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,854 |
| Travel | $76,514 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,903 |
| Interest | $1,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,234 |
| All other expenses | $1,724 |
| Total functional expenses | $1,299,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455,942 |
| Savings and temporary cash investments | $946,895 |
| 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 | $3,272 |
| Net Land, buildings, and equipment | $175,114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $310 |
| Total assets | $1,581,533 |
| Accounts payable and accrued expenses | $74,574 |
| 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 | $0 |
| Total liabilities | $74,574 |
| Net assets without donor restrictions | $1,506,959 |
| 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 | $1,581,533 |