International Brotherhood Of Teamsters
- Assets
- $328.2k
- Revenue
- $553.9k
- Investments
- $0.0
- Employees
- 20
- Location
- Akron, OH
- Founding
- 02/1941
- Data as of
- 12/2021
- EIN
- 34-1087780
Organization Overview
International Brotherhood Of Teamsters is located in Akron, OH. 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 12/2021, International Brotherhood Of Teamsters employed 20 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 12/2021, International Brotherhood Of Teamsters generated $553.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $667.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST AFFILIATES IN ORGANIZING WORKERS AND SECURING IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES IN AN EFFORT TO OBTAIN A HIGHER STANDARD OF LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST AFFILIATED LOCALS IN ORGANIZING WORKERS TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZING, NEGOTIATIONS AND THE COLLECTIVE BARGAINING PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Darrow President | Officer | 15 | $30,000 |
David Dudas Secretary Tr | Officer | 10 | $20,000 |
Travis Bornstein Recording Se | Officer | 5 | $12,000 |
Randall Verst Vice Preside | Officer | 5 | $12,000 |
Dennis Roberts Trustee | Trustee | 2 | $8,000 |
Kenneth Howard Trustee | Trustee | 2 | $8,000 |
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 | $553,742 |
| Investment income | $88 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $553,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,200 |
| 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. | $98,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,416 |
| Pension plan accruals and contributions | $1,400 |
| Other employee benefits | $10,528 |
| Payroll taxes | $13,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $193,323 |
| Fees for services: Accounting | $7,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,000 |
| Advertising and promotion | $0 |
| Office expenses | $8,097 |
| Information technology | $524 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $8,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,658 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75 |
| Insurance | $6,173 |
| All other expenses | $2,876 |
| Total functional expenses | $667,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,217 |
| Savings and temporary cash investments | $176,706 |
| 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 | $325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $328,248 |
| 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 | $143 |
| Total liabilities | $143 |
| 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 | $328,105 |
| Total liabilities and net assets/fund balances | $328,248 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Teamsters has awarded $38,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LABOR ORGANIZATIONS | | | $26,000 |
LOCAL CHARITY ORGANIZATIONS | | | $12,200 |