International Brotherhood Teamsters
- Assets
- $8.6m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 65
- Location
- Forest Hill, TX
- Founding
- 02/1941
- Data as of
- 12/2021
- EIN
- 75-0931981
Organization Overview
International Brotherhood Teamsters is located in Forest Hill, TX. 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 12/2021, International Brotherhood Teamsters employed 65 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Brotherhood 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 12/2021, International Brotherhood Teamsters generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LOCAL UNION PROMOTES THE INTEREST AND WELFARE OF ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAMSTERS LOCAL 767 PROMOTES THE INTEREST AND WELFARE OF APPROXIMATELY 9168 MEMBERS BY REPRESENTATION AND PROVIDING AND PROTECTING THEIR BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Reddell Former Presi | OfficerTrustee | 63 | $164,854 |
Fernando Romo Sec. Trea -B | OfficerTrustee | 63 | $163,510 |
Tony Baker V. Pres-B.a. | OfficerTrustee | 63 | $147,755 |
Carl Goff Business Age | 63 | $143,869 | |
Robert A Jach Business Age | 63 | $143,365 | |
Daniel Williams Business Age | 63 | $143,212 |
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 | $6,617,997 |
| Investment income | $225,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,221 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,038 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,861,541 |
| 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. | $849,565 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,673,522 |
| Pension plan accruals and contributions | $349,953 |
| Other employee benefits | $312,864 |
| Payroll taxes | $182,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,403 |
| Fees for services: Accounting | $25,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,989 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $107,024 |
| Information technology | $36,435 |
| Royalties | $0 |
| Occupancy | $51,055 |
| Travel | $184,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,622 |
| Interest | $1,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,411 |
| Insurance | $9,216 |
| All other expenses | $129,212 |
| Total functional expenses | $5,762,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $3,149,842 |
| 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 | $715,335 |
| Investments—publicly traded securities | $4,706,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,571,448 |
| Accounts payable and accrued expenses | $389 |
| 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 | $15,281 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,670 |
| Net assets without donor restrictions | $8,555,778 |
| 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 | $8,571,448 |
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