International Brotherhood Of Teamsters
- Assets
- $2.7m
- Revenue
- $7.0m
- Investments
- $244.0k
- Employees
- 98
- Location
- Park Ridge, IL
- Founding
- 06/1948
- Data as of
- 12/2022
- EIN
- 36-0759640
Organization Overview
International Brotherhood Of Teamsters is located in Park Ridge, IL. The organization was established in 1948. 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 98 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 $7.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $6.9m during the year ending 12/2022. While expenses have increased by 1.1% 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 ORGANIZE AND REPRESENT MEMBERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE AND REPRESENT MEMBERS 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 |
|---|---|---|---|
Darryl Poelinitz Vice President | Officer | 8 | $13,744 |
Curt Zeidrich President | Officer | 8 | $15,288 |
Jose Delgado Trustee | Officer | 8 | $21,816 |
Patrice Jefferson Trustee | Officer | 8 | $11,969 |
Anthony Wendel Trustee | Officer | 8 | $10,898 |
John T Coli Jr Secretary Treasurer | Officer | 40 | $361,864 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gnp Management Group Llc Property Management | 12/30/19 | $148,847 |
Illinois Advocates Legal Service | 12/30/19 | $253,592 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $163,207 |
| 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 | $163,207 |
| Total Program Service Revenue | $6,809,244 |
| Investment income | $36,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,019,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,079 |
| 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. | $795,701 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,043,437 |
| Pension plan accruals and contributions | $642,766 |
| Other employee benefits | $478,273 |
| Payroll taxes | $219,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $134,813 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,791 |
| Advertising and promotion | $78,420 |
| Office expenses | $186,960 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $238,081 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,231 |
| Interest | $0 |
| Payments to affiliates | $1,680,281 |
| Depreciation, depletion, and amortization | $7,767 |
| Insurance | $69,518 |
| All other expenses | $0 |
| Total functional expenses | $6,874,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $883,765 |
| Savings and temporary cash investments | $0 |
| 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 | $5,650 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,625 |
| Investments—publicly traded securities | $1,583,771 |
| Investments—other securities | $244,032 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,735,843 |
| 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 | $361,119 |
| Total liabilities | $361,119 |
| Net assets without donor restrictions | $2,374,724 |
| 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 | $2,735,843 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Teamsters has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEAMSTERS SCHOLARSHIP FUND PURPOSE: DONATION | $10,000 |
JAMES R HOFFA MEMORIAL SCHOLARSHIP FUND PURPOSE: DONATION | $7,500 |