International Brotherhood Of Teamsters
- Assets
- $467.8k
- Revenue
- $715.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Wyandotte, MI
- Founding
- 06/1944
- Data as of
- 12/2023
- EIN
- 38-1208819
Organization Overview
International Brotherhood Of Teamsters is located in Wyandotte, MI. The organization was established in 1944. 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 8 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 $715.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $770.5k during the year ending 12/2023. 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
TO SECURE IMPROVED WAGES, HOURS AND WORKING CONDITIONS FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SECURED IMPROVED WAGES, HOURS AND WORKING CONDITIONS FOR ITS MEMBERS THROUGH ORGANIZING, NEGOTIATIONS AND COLLECTIVE BARGAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Finegan Secretary-Tr | Officer | 40 | $132,794 |
Steve Hicks President | Officer | 40 | $93,341 |
James Fox Vice Preside | Officer | 5 | $7,279 |
Gregory Hayes Trustee | OfficerTrustee | 5 | $3,077 |
Jason Hicks Recording Se | Officer | 5 | $2,892 |
Erik Smith Trustee | OfficerTrustee | 5 | $2,784 |
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 | $723,561 |
| Investment income | $12,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $715,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $319,656 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,868 |
| Pension plan accruals and contributions | $15,169 |
| Other employee benefits | $24,068 |
| Payroll taxes | $22,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,830 |
| Fees for services: Accounting | $15,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,398 |
| Advertising and promotion | $0 |
| Office expenses | $38,528 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,391 |
| Travel | $2,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,548 |
| Interest | $0 |
| Payments to affiliates | $207,350 |
| Depreciation, depletion, and amortization | $2,241 |
| Insurance | $7,301 |
| All other expenses | $0 |
| Total functional expenses | $770,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,673 |
| Savings and temporary cash investments | $45,695 |
| 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 | $9,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,967 |
| Investments—publicly traded securities | $343,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $467,845 |
| 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 | $47,768 |
| Total liabilities | $47,768 |
| 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 | $420,077 |
| Total liabilities and net assets/fund balances | $467,845 |