International Brotherhood Of Teamsters Union Local 331

Organization Overview

International Brotherhood Of Teamsters Union Local 331 is located in Egg Harbor City, NJ. 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 Union Local 331 employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Brotherhood Of Teamsters Union Local 331 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 Union Local 331 generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

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

LABOR UNION TO ORGANIZE WORKERS TO SECURE BETTER WAGES, WORKING CONDITIONS AND BENEFITS THROUGH COLLECTIVE BARGAINING AGREEMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Marcus W King
President
$113,366
Kent Mcfarland
Vice President
$2,606
Abimael Ortiz
Secretary Treasurer
$73,066
Icy S Murphy
Recording Secretary
$20,223
John D Showell
Trustee
$3,260
Keith Adams
Former Trustee
$1,263

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$910,631
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$910,631
Total Program Service Revenue$0
Investment income $19
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $26,534
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 $1,075,176

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