Teamsters Local 731 Labormgmt Cooperation Committee

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 04/2024, 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 04/2024, Teamsters Local 731 Labormgmt Cooperation Committee generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $821.5k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

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)Compensation
Michael Haffner
Trustee
$0
David N Snelten
Trustee
$0
Daniel R Plote
Trustee
$0
John J Lisner
Trustee
$0

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$1,033,206
Investment income $13,604
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 $1,046,810

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