International Brotherhood Of Teamsters
- Assets
- $922.0k
- Revenue
- $849.4k
- Investments
- $565.4k
- Employees
- 19
- Location
- Erie, PA
- Founding
- 02/1941
- Data as of
- 12/2022
- EIN
- 25-0834328
Organization Overview
International Brotherhood Of Teamsters is located in Erie, PA. 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 19 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 $849.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $822.5k during the year ending 12/2022. While expenses have increased by 0.8% 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 ENGAGE IN ORGANIZING WORKERS TO PROVIDE THE BENEFIT OF UNIONISM TO ALL WORKERS TO PROTECT PRESERVE THE BENEFITS OBTAINED FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Kosobucki Vice President | 4 | $1,000 | |
Douglas Youngs President | OfficerTrustee | 60 | $113,913 |
Cynthia Mclaughlin Trustee | $2,498 | ||
Daniel Higdon Trustee | Trustee | $3,248 | |
Joseph Douglas Secretary Treasurer | OfficerTrustee | 60 | $113,989 |
Billie Peyton III Vice President | OfficerTrustee | 4 | $3,012 |
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 | $832,355 |
| Investment income | $16,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $160 |
| 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 | $849,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $245,059 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,608 |
| Pension plan accruals and contributions | $70,757 |
| Other employee benefits | $58,321 |
| Payroll taxes | $22,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,875 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125 |
| Fees for services: Other | $12,204 |
| Advertising and promotion | $16,734 |
| Office expenses | $26,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,077 |
| Travel | $14,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,456 |
| Interest | $0 |
| Payments to affiliates | $205,436 |
| Depreciation, depletion, and amortization | $12,396 |
| Insurance | $9,184 |
| All other expenses | $0 |
| Total functional expenses | $822,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $259,482 |
| 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 | $3,874 |
| Net Land, buildings, and equipment | $93,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $565,448 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $921,957 |
| Accounts payable and accrued expenses | $7,872 |
| 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 | $2,358 |
| Total liabilities | $10,230 |
| Net assets without donor restrictions | $911,727 |
| 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 | $921,957 |