International Brotherhood Of Teamsters
- Assets
- $15.7m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 159
- Location
- Indianapolis, IN
- Founding
- 02/1941
- Data as of
- 12/2023
- EIN
- 35-0717060
Organization Overview
International Brotherhood Of Teamsters is located in Indianapolis, IN. 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 12/2023, International Brotherhood Of Teamsters employed 159 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 $11.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $11.3m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 5 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
LABOR UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Roach President | OfficerTrustee | 50 | $173,500 |
Mike Gillespie Trustee | Trustee | 50 | $128,056 |
Kerry Dearth Trustee | Trustee | 50 | $104,219 |
Sarah Revard Secretary-Treasurer | OfficerTrustee | 50 | $160,652 |
Paul Dwigans Vice President | OfficerTrustee | 50 | $114,360 |
Ryan Jordan Recording Secretary | OfficerTrustee | 50 | $109,654 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hannig Construction Inc Construction Services | 12/30/22 | $2,301,527 |
Vlink Law Firm Llc Legal Services | 12/30/22 | $197,201 |
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 | $9,671,188 |
| Investment income | $222,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,872 |
| Net Gain/Loss on Asset Sales | $70,972 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,101,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,455,928 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,718,013 |
| Pension plan accruals and contributions | $801,892 |
| Other employee benefits | $784,319 |
| Payroll taxes | $310,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,613 |
| Fees for services: Accounting | $31,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,945 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,898 |
| Office expenses | $88,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $410,819 |
| Travel | $487,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,354 |
| Interest | $165,388 |
| Payments to affiliates | $2,203,753 |
| Depreciation, depletion, and amortization | $479,031 |
| Insurance | $49,367 |
| All other expenses | $295,982 |
| Total functional expenses | $11,261,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,073 |
| Savings and temporary cash investments | $938,306 |
| 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 | $8,986,495 |
| Investments—publicly traded securities | $5,785,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,711,060 |
| 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 | $2,239,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,239,977 |
| Net assets without donor restrictions | $13,471,083 |
| 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 | $15,711,060 |