International Brotherhood Of Teamsters
- Assets
- $1.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 02/1941
- Data as of
- 12/2022
- EIN
- 13-5505746
Organization Overview
International Brotherhood Of Teamsters is located in New York, NY. 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 10 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 $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 0.7% 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.
Since 2018, International Brotherhood Of Teamsters has awarded 12 individual grants totaling $295,807. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY OBJECTIVE OF THE JOINT COUNCIL IS TO ASSIST AND COORDINATE THE ACTIVITIES OF ALL AFFILIATED LOCAL IBT UNIONS IN DOWNSTATE NEW YORK IN CONTRACT NEGOTIATIONS AS WELL AS ORGANIZING CAMPAIGNS TO BRING THE BENEFITS OF COLLECTIVE BARGAINING TO UNORGANIZED WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY OBJECTIVE OF THE JOINT COUNCIL IS TO ASSIST AND COORDINATE THE ACTIVITIES OF ALL AFFILIATED LOCAL IBT UNIONS IN DOWNSTATE NEW YORK IN CONTRACT NEGOTIATIONS AS WELL AS ORGANIZING CAMPAIGNS TO BRING THE BENEFITS OF COLLECTIVE BARGAINING TO UNORGANIZED WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Gesualdi President | OfficerTrustee | 10 | $60,717 |
Demos Demopoulos Sec. Treasurer | OfficerTrustee | 10 | $56,720 |
Gregory Floyd Rec. Secretary | OfficerTrustee | 2 | $9,409 |
Harry Nespoli Vice President | OfficerTrustee | 2 | $9,365 |
Louis Calemine Trustee | Trustee | 2 | $6,409 |
Matthew Bruccoleri Trustee | Trustee | 2 | $6,409 |
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 | $2,890,179 |
| Investment income | $14,835 |
| 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 | $2,906,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,944 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $143,112 |
| Other salaries and wages | $243,786 |
| Pension plan accruals and contributions | $1,576,156 |
| Other employee benefits | $33,285 |
| Payroll taxes | $34,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,814 |
| Fees for services: Accounting | $40,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,650 |
| Advertising and promotion | $0 |
| Office expenses | $40,678 |
| Information technology | $12,201 |
| Royalties | $0 |
| Occupancy | $273,380 |
| Travel | $9,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,480 |
| Interest | $0 |
| Payments to affiliates | $57,206 |
| Depreciation, depletion, and amortization | $2,056 |
| Insurance | $26,051 |
| All other expenses | $28,259 |
| Total functional expenses | $2,733,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $745,260 |
| Savings and temporary cash investments | $0 |
| 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 | $5,140 |
| Investments—publicly traded securities | $827,623 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,578,023 |
| 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 | $1,578,023 |
| 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 | $1,578,023 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Teamsters has awarded $45,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: DONATIONS MADE TOWARDS COLLEGE SCHOLARSHIPS FOR DESERVING CHILDREN OF IBT MEMBERS. | $25,000 |
ALIGN PURPOSE: CONTRIBUTE TO ALIGN'S MISSION OF AN ALLIANCE OF LABOR AND COMMUNITY ORGANIZATIONS UNITED FOR A JUST AND SUSTAINABLE NEW YORK. | $10,000 |
JAMES R HOFFA MEMORIAL SCHOLARSHIP PURPOSE: DONATIONS MADE TOWARDS COLLEGE SCHOLARSHIPS FOR DESERVING CHILDREN OF IBT MEMBERS. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that International Brotherhood Of Teamsters has recieved totaling $280,000.
| Awarding Organization | Amount |
|---|---|
International Brotherhood Of Teamsters Washington, DC PURPOSE: DISASTER RELIEF ASSITANCE | $140,000 |
Teamster Disaster Relief Fund Washington, DC PURPOSE: DISASTER ASSITANCE HURRICANE MARIA- PUERTO RICO | $140,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Teachers New York, NY | $15,634,112 | $19,917,624 |
Sheetmetal Workers Local 12 Pittsburgh, PA | $43,864,039 | $19,934,211 |
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 |
Teamsters Local 97 Fund Clark, NJ | $4,130,996 | $17,509,914 |
International Union Of Operating Engineers 825 825 A&b Springfield, NJ | $42,119,361 | $15,523,159 |
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 |