International Brotherhood Of Teamsters

The information for International Brotherhood Of Teamsters is as of the organization's most recent filing in December '22. This organization is located in Union, NJ. It has been in existence for 81 years, following its founding in 1941.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The International Brotherhood Of Teamsters is a labor union organization. Its NTEE code is J40, indicating that it falls under the major classification of Employment. The minor classification is Labor Unions. According to the classification description, this organization works to promote the rights of employees to fair remuneration and safe working conditions. The C Section Code is 5, which corresponds to Labor, Agricultural and Horticultural Organizations. The mission of the International Brotherhood Of Teamsters is focused on the organization and representation of workers.

Program Areas

Within the program area of representation of members in the collective bargaining process, the organization focuses on reporting all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

International Brotherhood Of Teamsters has 12 employees, with one employee being paid over $100k according to the organization's most recent 990 tax filing. The organization does not rely on volunteers to support its workforce.

Board Governance

The International Brotherhood of Teamsters appears to be well-governed based on the provided information. With a total of 7 voting members, the organization has a relatively small board, which can help facilitate effective decision-making and accountability. While the absence of independent members may raise some concerns about potential conflicts of interest, the fact that the organization has a conflict of interest policy, requires disclosure of conflicts, and documents both board and committee meetings suggests that they have implemented measures to address this issue. Furthermore, the organization's commitment to transparency is evident through its policies and practices. The fact that they have a written whistleblower policy, document retention policy, and provide copies of the 990 to the board prior to filing demonstrates their dedication to accountability and ethical conduct. These policies help ensure that any potential wrongdoing or conflicts are properly addressed and that the organization's financial records are maintained appropriately. However, it is worth noting that the organization does not substantiate and review leadership or officer's salaries. While this may not necessarily indicate poor governance, it could be beneficial for the organization to establish a process for reviewing and justifying these salaries to ensure fairness and transparency. Overall, the International Brotherhood of Teamsters appears to have a strong governance structure in place, with policies and practices that promote transparency, accountability, and ethical conduct.

Organization Growth

The International Brotherhood of Teamsters, a nonprofit organization, has experienced a decrease in various financial aspects over the given time period. Contributions and grants received decreased from $1.6 million in 2015 to $1.5 million in 2022. Investment income also decreased from $5.3 thousand in 2015 to $4.1 thousand in 2022. Other revenue, which was $2.4 thousand in 2015, became insignificant and reached zero in 2022. Total revenue followed a similar trend, decreasing from $1.6 million to $1.5 million over the same period. However, employee salaries increased from $831.0 thousand in 2015 to $991.0 thousand in 2022. Total expenses decreased from $1.5 million in 2015 to $1.4 million in 2022. The number of employees remained constant at 12 throughout the entire time period. Overall, while some aspects of the organization experienced growth, such as employee salaries, the nonprofit organization as a whole showed a decrease in revenue and investment income.