International Teamsters Union Brewery & Soft Drink Workers Local
- Assets
- $369.7k
- Revenue
- $546.3k
- Investments
- $185.9k
- Employees
- 2
- Location
- Baldwinsvillle, NY
- Founding
- 04/1941
- Data as of
- 12/2022
- EIN
- 16-6045613
Organization Overview
International Teamsters Union Brewery & Soft Drink Workers Local is located in Baldwinsvillle, 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 Teamsters Union Brewery & Soft Drink Workers Local employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Teamsters Union Brewery & Soft Drink Workers Local 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 Teamsters Union Brewery & Soft Drink Workers Local generated $546.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $572.8k during the year ending 12/2022. While expenses have increased by 1.4% 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
TO PROVIDE THE BENEFIT OF UNIONISM TO ALL WORKERS AND TO PROTECT AND PRESERVE THE BENEFITS OBTAINED FOR MEMBERS OF THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE WORKERS AND NEGOTIATE COLLECTIVELY BARGAINED CONTRACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Farrance Secretary-Treasurer | Officer | 62 | $132,629 |
Michael Wright Jr President | Officer | 1 | $7,681 |
Jason Whitten Trustee | Trustee | 1 | $4,551 |
Dale Laforty Trustee | Trustee | 1 | $3,015 |
Michelle Buck Trustee | Trustee | 1 | $2,884 |
Dwight Jackson Vice-President | Trustee | 1 | $2,843 |
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 | $553,445 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$785 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $546,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,100 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $211,769 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,844 |
| Pension plan accruals and contributions | $3,063 |
| Other employee benefits | $64,058 |
| Payroll taxes | $16,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,168 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,219 |
| Advertising and promotion | $0 |
| Office expenses | $21,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,113 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,983 |
| Interest | $0 |
| Payments to affiliates | $124,004 |
| Depreciation, depletion, and amortization | $1,021 |
| Insurance | $0 |
| All other expenses | $1,823 |
| Total functional expenses | $572,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,006 |
| 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 | $3,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $185,920 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $369,709 |
| 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 | $0 |
| 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 | $369,709 |
| Total liabilities and net assets/fund balances | $369,709 |