Teamsters Local 731 Labormgmt Cooperation Committee
- Assets
- $727.3k
- Revenue
- $966.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Burr Ridge, IL
- Founding
- 08/2002
- Data as of
- 04/2021
- EIN
- 36-4399384
Organization Overview
Teamsters Local 731 Labormgmt Cooperation Committee is located in Burr Ridge, IL. The organization was established in 2002. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 04/2021, Teamsters Local 731 Labormgmt Cooperation Committee employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Local 731 Labormgmt Cooperation Committee is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 04/2021, Teamsters Local 731 Labormgmt Cooperation Committee generated $966.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $948.5k during the year ending 04/2021. 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 IMPROVE COMMUNICATONS BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN ORDER TO PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST; TO PROVIDE OPPORTUNITIES TO STUDY AND EXPLORE NEW APPROACHES TO ACHIEVING ORGANIZATIIONAL EFFECTIVENESS, TO ASSIST IN SOLVING PROBLEMS OF MUTUAL CONCERN NOT SUSCEPTIBLE TO RESOLUTION IN THE COLLECTIVE BARGAINING PROCESS, TO STUDY AND EXPLORE WAYS OF ELIMINATING PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT DEVELOPMENT OF THE INDUSTRY IN WHICH EMPLOYERS OPERATE, TO ENHANCE OPPORTUNITIES FOR WORKERS EMPLOYED AS OWNER OPERATORS COVERED BY COLLECTIVE BARGAINING AGREEMENTS, TO FIND WAYS TO MONITOR AND PRESERVE INDUSTRY STANDARDS REGARDING WAGES AND FRINGE BENEFITS, TO EXPAND AND IMPROVE WORKING RELATIONSHIPS BETWEEN EMPLOYEES, OWNER/OPERATORS AND EMPLOYERS, TO ENCOURAGE FREE COLLECTIVE BARGAINING, TO IDENTIFY SND EXPAND WORK OPPORTUNITIES FOR EMPLOYEES AND EMPLOYERS AND TO OBTAIN GOVERNMENTAL AND PHILANTHROPIC ASSISTANCE FOR WORK RECOVERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE COMMUNICATONS BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN ORDER TO PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST; TO PROVIDE OPPORTUNITIES TO STUDY AND EXPLORE NEW APPROACHES TO ACHIEVING ORGANIZATIIONAL EFFECTIVENESS, TO ASSIST IN SOLVING PROBLEMS OF MUTUAL CONCERN NOT SUSCEPTIBLE TO RESOLUTION IN THE COLLECTIVE BARGAINING PROCESS, TO STUDY AND EXPLORE WAYS OF ELIMINATING PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT DEVELOPMENT OF THE INDUSTRY IN WHICH EMPLOYERS OPERATE, TO ENHANCE OPPORTUNITIES FOR WORKERS EMPLOYED AS OWNER OPERATORS COVERED BY COLLECTIVE BARGAINING AGREEMENTS, TO FIND WAYS TO MONITOR AND PRESERVE INDUSTRY STANDARDS REGARDING WAGES AND FRINGE BENEFITS, TO EXPAND AND IMPROVE WORKING RELATIONSHIPS BETWEEN EMPLOYEES, OWNER/OPERATORS AND EMPLOYERS, TO ENCOURAGE FREE COLLECTIVE BARGAINING, TO IDENTIFY AND EXPAND WORK OPPORTUNITIES FOR EMPLOYEES AND EMPLOYERS AND TO OBTAIN GOVERNMENTAL AND PHILANTHROPIC ASSISTANCE FOR WORK RECOVERY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrence J Hancock Trustee | Trustee | 1 | $0 |
David N Snelten Trustee | Trustee | 1 | $0 |
Daniel R Plote Trustee | Trustee | 1 | $0 |
John J Lisner Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $8,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $966,407 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,029 |
| Pension plan accruals and contributions | $151,251 |
| Other employee benefits | $92,670 |
| Payroll taxes | $41,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,598 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,351 |
| Travel | $32,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,738 |
| Insurance | $12,440 |
| All other expenses | $0 |
| Total functional expenses | $948,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $218,867 |
| 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 |
| Investments—publicly traded securities | $394,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $727,316 |
| 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 | $5,312 |
| Total liabilities | $5,312 |
| 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 |
| Total liabilities and net assets/fund balances | $722,004 |