International Brotherhood Of Teamsters
- Assets
- $10.9m
- Revenue
- $4.5m
- Investments
- $3.9m
- Employees
- 51
- Location
- Manchester, NH
- Founding
- 02/1941
- Data as of
- 12/2022
- EIN
- 02-0150530
Organization Overview
International Brotherhood Of Teamsters is located in Manchester, NH. 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 51 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 $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 7.0% 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
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL 633 REPRESENTS APPROXIMATELY 5,000 WORKERS IN NH IN NEGOTIATING WAGES, BENEFITS, AND WORKING CONDITIONS THROUGH COLLECTIVE BARGAINING AGREEMENTS.
THE LOCAL'S ONLY PROGRAM IS LISTED IN 4A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Parkinson President | OfficerTrustee | 1 | $7,883 |
James Petrillo Vice President | OfficerTrustee | 65 | $133,092 |
Jeff Padellaro Secretary/treasurer | OfficerTrustee | 70 | $250,248 |
Scott Gove Recording Secretary | OfficerTrustee | 1 | $14,949 |
Donna Lemay Trustee | Trustee | 1 | $6,497 |
Alyssa Croteau Trustee | Trustee | 1 | $51,604 |
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 | $4,561,197 |
| Investment income | $232,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$711,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,516,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,552 |
| Grants and other assistance to domestic individuals. | $25,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $44,784 |
| Compensation of current officers, directors, key employees. | $665,077 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,278,686 |
| Pension plan accruals and contributions | $278,914 |
| Other employee benefits | $231,873 |
| Payroll taxes | $256,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,445 |
| Fees for services: Accounting | $22,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,603 |
| Fees for services: Other | $223,967 |
| Advertising and promotion | $10,491 |
| Office expenses | $95,349 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,493 |
| Travel | $311,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,011 |
| Interest | $0 |
| Payments to affiliates | $1,086,697 |
| Depreciation, depletion, and amortization | $110,044 |
| Insurance | $14,724 |
| All other expenses | $22,648 |
| Total functional expenses | $5,054,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $264,111 |
| 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 | $221,614 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $327,340 |
| Investments—publicly traded securities | $6,225,537 |
| Investments—other securities | $3,888,016 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,926,618 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $10,926,618 |
| 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 | $10,926,618 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Teamsters has awarded $20,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JAMES R HOFFA MEMORIAL SCHOLARSHIP FUND PURPOSE: GENERAL PURPOSE | $20,200 |