International Brotherhood Of Teamsters
- Assets
- $12.6m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 63
- Location
- Covina, CA
- Founding
- 02/1941
- Data as of
- 12/2023
- EIN
- 95-1568498
Organization Overview
International Brotherhood Of Teamsters is located in Covina, CA. 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 12/2023, International Brotherhood Of Teamsters employed 63 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 12/2023, International Brotherhood Of Teamsters generated $16.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $14.9m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS, AND COLLECTIVE BARGAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS, AND COLLECTIVE BARGAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris S Griswold Sec. Treasurer | OfficerTrustee | 40 | $134,280 |
Sean P Harren President | Trustee | 40 | $245,279 |
Debra S Goldberg General Counsel | 40 | $166,464 | |
David Saucedo Business Agent | 40 | $143,180 | |
Cliff Reynolds Business Agent | 40 | $141,976 | |
Audrey Scates Business Agent | 40 | $131,995 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Law Offices Of Edward Gleason Legal Services | 12/30/20 | $103,349 |
Levy Phillips Attorney At Law Legal Services | 12/30/20 | $254,723 |
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 | $15,931,664 |
| Investment income | $107,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,086,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $48,025 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $192,359 |
| Compensation of current officers, directors, key employees. | $944,190 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,140,731 |
| Pension plan accruals and contributions | $1,259,191 |
| Other employee benefits | $1,228,698 |
| Payroll taxes | $389,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140,989 |
| Fees for services: Accounting | $33,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,961 |
| Fees for services: Other | $80,318 |
| Advertising and promotion | $0 |
| Office expenses | $364,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $296,497 |
| Travel | $840,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,657 |
| Interest | $142,507 |
| Payments to affiliates | $3,369,535 |
| Depreciation, depletion, and amortization | $533,451 |
| Insurance | $95,960 |
| All other expenses | $180,520 |
| Total functional expenses | $14,916,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,103,056 |
| Savings and temporary cash investments | $61,302 |
| 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 | $5,528,688 |
| Investments—publicly traded securities | $853,890 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,973 |
| Total assets | $12,581,909 |
| 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 | $2,337,675 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,500,426 |
| Total liabilities | $3,838,101 |
| Net assets without donor restrictions | $8,743,808 |
| 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 | $12,581,909 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Teamsters has awarded $22,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEVADA STATE AFL-CIO PURPOSE: Donation | $12,000 |
TEAMSTERS LOCAL 986 CHARITY F PURPOSE: Donation | $10,000 |