International Brotherhood Teamsters
- Assets
- $5.0m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Stratford, CT
- Founding
- 02/1941
- Data as of
- 12/2021
- EIN
- 06-0776845
Organization Overview
International Brotherhood 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 12/2021, International Brotherhood Teamsters employed 49 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 $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 0.3% 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.
Since 2015, International Brotherhood Teamsters has awarded 24 individual grants totaling $223,780. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTERED & NEGOTIATED COLLECTIVE BARGAINING AGREEMENTS THAT PROVIDE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES FOR ITS RESPECTIVE MEMBERS.
SUPPORTED EDUCATIONAL ACTIVITIES THAT FURTHER THE INTERESTS OF THE UNION AND ITS MEMBERS THROUGH SPONSORSHIP OF A GOLF TOURNAMENT.
HELD FUNDRAISING ACTIVITIES THAT FURTHER THE INTERESTS OF THE UNION AND ITS MEMBERS BY SUPPORTING LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rocco Calo Secty/treas/business Agent | Officer | 55 | $192,216 |
Richard Rollinson V.president/business Agent | Officer | 55 | $176,334 |
Edward Smith Rec. Secty/business Agent | Officer | 55 | $173,625 |
Thomas Cole Trustee/business Agent | Trustee | 20 | $94,446 |
Dennis Yaremich Trustee/business Agent | Trustee | 20 | $90,572 |
Terry Pacitto Trustee/business Agent | Trustee | 20 | $88,745 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,965 |
| 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 | $21,965 |
| Total Program Service Revenue | $4,251,059 |
| Investment income | $10,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,327 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,370,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,830 |
| Grants and other assistance to domestic individuals. | $21,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,000 |
| Compensation of current officers, directors, key employees. | $840,047 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $470,240 |
| Pension plan accruals and contributions | $209,121 |
| Other employee benefits | $122,918 |
| Payroll taxes | $95,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,000 |
| Fees for services: Accounting | $33,200 |
| Fees for services: Lobbying | $32,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,076 |
| Advertising and promotion | $0 |
| Office expenses | $196,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,910 |
| Travel | $59,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,419 |
| Interest | $0 |
| Payments to affiliates | $1,063,452 |
| Depreciation, depletion, and amortization | $80,214 |
| Insurance | $34,105 |
| All other expenses | $30,487 |
| Total functional expenses | $3,974,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,073,037 |
| Savings and temporary cash investments | $2,829,086 |
| 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 | $1,036,546 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,088 |
| Total assets | $4,955,757 |
| Accounts payable and accrued expenses | $1,370 |
| 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 | $122,680 |
| Total liabilities | $124,050 |
| Net assets without donor restrictions | $4,831,707 |
| 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 | $4,955,757 |
Grants Awarded
Over the last fiscal year, International Brotherhood Teamsters has awarded $25,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PURPOSE: DONATION TO SUPPORT HOME RUN FOR HEROS PROGRAM | $10,000 |
Boston, MA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO THE FAMILY OF NATHAN BURK AFTER HIS DEATH ON THE JOB IN 2020. | $10,000 |
Huntington, CT PURPOSE: DONATION TO SUPPORT GIFT CARD PROGRAM | $5,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Teachers New York, NY | $15,634,112 | $19,917,624 |
International Brotherhood Of Electrical Workers Flushing, NY | $42,808,557 | $29,527,864 |
American Federation Of State County & Municipal Employees New York, NY | $5,666,474 | $18,719,600 |
Laboers International Union Of North America New York, NY | $82,959,218 | $20,599,249 |
Electrical Workers Local No 86 Insurance Fund Plan And Trust Rochester, NY | $26,301,983 | $18,525,409 |
International Brotherhood Of Electrical Workers Dorchester, MA | $20,226,169 | $18,660,825 |
International Union Of Painters And Allied Trades New York, NY | $30,422,741 | $16,478,287 |
International Brotherhood Of Teamsters New York, NY | $10,937,127 | $16,693,793 |
New York State Correctional Albany, NY | $26,423,975 | $18,262,137 |
Retail Wholesale & Department Store Union New York, NY | $50,504,227 | $15,796,954 |
Laborers International Union Of North America Astoria, NY | $45,280,264 | $16,536,779 |
Council Of School Supervisors And Administrators Of The City Of Ny New York, NY | $57,802,367 | $21,293,230 |