International Brotherhood Of Teamsters
- Assets
- $280.8k
- Revenue
- $495.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Stratford, CT
- Founding
- 02/1941
- Data as of
- 12/2022
- EIN
- 06-0610540
Organization Overview
International Brotherhood Of Teamsters is located in Stratford, CT. 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 8 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 $495.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $510.6k during the year ending 12/2022. While expenses have increased by 4.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION THE ORGANIZATION IS A LOCAL UNION WHOSE PURPOSE IS TO OBTAIN BETTER WORKING CONDITIONS AND BENEFITS AND IMPROVE TRAINING/SKILLS FOR ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A LOCAL UNION WHOSE PURPOSE IS TO OBTAIN BETTER WORKING CONDITIONS AND BENEFITS AND IMPROVE TRAINING/SKILLS FOR ITS MEMBERS. REVENUE IS DERIVED FROM MEMBERSHIP DUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Novak Secretary/treasurer | Trustee | 40 | $87,207 |
Katherine O'toole Recording Secretary | Trustee | 2 | $2,450 |
Italo Bonacci President | Trustee | 2 | $2,450 |
Gary Gabrielli Trustee | Trustee | 2 | $2,000 |
George Scapellato Vice President | Trustee | 2 | $2,000 |
Mark Pagnozzi Trustee | Trustee | 2 | $2,000 |
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 | $495,787 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $495,811 |
| 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 | $129,812 |
| Compensation of current officers, directors, key employees. | $98,107 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,698 |
| Pension plan accruals and contributions | $69,264 |
| Other employee benefits | $53,391 |
| Payroll taxes | $11,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,804 |
| Fees for services: Accounting | $14,563 |
| Fees for services: Lobbying | $2,552 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,488 |
| Advertising and promotion | $0 |
| Office expenses | $10,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,317 |
| Travel | $1,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,588 |
| Insurance | $1,941 |
| All other expenses | $0 |
| Total functional expenses | $510,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,821 |
| Savings and temporary cash investments | $119,716 |
| 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 | $6,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $280,777 |
| 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 | $215 |
| Total liabilities | $215 |
| Net assets without donor restrictions | $269,152 |
| Net assets with donor restrictions | $11,410 |
| 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 | $280,777 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Steamfitters Industry Welfare Fund Board Of Trustees Long Island City, NY | $135,023,453 | $84,135,128 |
National Basketball Players Association New York, NY | $362,993,745 | $34,104,485 |
Teamsters Local 237 Administrative Fund New York, NY | $20,889,322 | $64,678,061 |
Massachusetts Teachers Association Quincy, MA | $104,765,133 | $64,981,415 |
Steamfitters Industry Security Benefit Fund Long Island City, NY | $326,665,741 | $52,241,912 |
Joint Industry Board Of The Electrical Industry Flushing, NY | $28,826,269 | $51,807,728 |
American Federation Of State County & Municipal Employees New York, NY | $77,027,109 | $53,363,394 |
New York State Nurses Association New York, NY | $106,360,017 | $53,864,397 |
United Brotherhood Of Carpenters & Joiners Of America Boston, MA | $146,178,722 | $53,186,412 |
Cement & Concrete Workers District Council Welfare Fund Flushing, NY | $115,712,146 | $34,540,506 |
Service Employees International Union Albany, NY | $31,308,144 | $40,993,536 |
Major League Baseball Players Assn New York, NY | $280,679,317 | $145,511,307 |