International Brotherhood Of Teamsters
- Assets
- $2.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 128
- Location
- State College, PA
- Founding
- 05/1969
- Data as of
- 12/2023
- EIN
- 25-1196153
Organization Overview
International Brotherhood Of Teamsters is located in State College, PA. The organization was established in 1969. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, International Brotherhood Of Teamsters employed 128 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 12/2023, International Brotherhood Of Teamsters generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE GOOD WELFARE OF THE SCHOLASTIC TECHNICAL SERVICES PROFESSIONAL OFFICE EMPLOYEES OF THE PENNSYLVANIA STATE UNIVERSITY.
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 |
|---|---|---|---|
Jonathan M Light President | OfficerTrustee | 40 | $117,558 |
Michael Howe VP | Trustee | 1 | $10,929 |
Jesika Millinder Secretary Treasurer | OfficerTrustee | 40 | $113,988 |
Dave Stevenson Trustee | Trustee | 1 | $11,834 |
Sam Mcmurtie Trustee | Trustee | 1 | $9,539 |
Adam Nileski Recording Secretary | OfficerTrustee | 40 | $100,756 |
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 | $19,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,038 |
| Total Program Service Revenue | $1,766,629 |
| Investment income | $17,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,275 |
| Net Gain/Loss on Asset Sales | -$50 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,819,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,980 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $34,902 |
| Compensation of current officers, directors, key employees. | $474,881 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,071 |
| Pension plan accruals and contributions | $42,616 |
| Other employee benefits | $25,678 |
| Payroll taxes | $40,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $146,764 |
| Fees for services: Accounting | $17,918 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,502 |
| Fees for services: Other | $47,779 |
| Advertising and promotion | $0 |
| Office expenses | $74,395 |
| Information technology | $11,564 |
| Royalties | $0 |
| Occupancy | $52,515 |
| Travel | $87,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,899 |
| Interest | $0 |
| Payments to affiliates | $438,314 |
| Depreciation, depletion, and amortization | $63,686 |
| Insurance | $1,295 |
| All other expenses | $0 |
| Total functional expenses | $1,845,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,338 |
| Savings and temporary cash investments | $79,224 |
| 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 | $1,112,275 |
| Investments—publicly traded securities | $618,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,985,102 |
| Accounts payable and accrued expenses | $170 |
| 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 | $69,925 |
| Total liabilities | $70,095 |
| Net assets without donor restrictions | $1,902,653 |
| Net assets with donor restrictions | $12,354 |
| 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 | $1,985,102 |