International Brotherhood Of Teamsters
- Assets
- $488.6k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Minneapolis, MN
- Founding
- 02/1941
- Data as of
- 12/2023
- EIN
- 41-0572005
Organization Overview
International Brotherhood Of Teamsters is located in Minneapolis, MN. 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 22 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 $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 9 years. 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
IT SHALL BE AN OBJECTIVE OF OURS TO PERSUADE AND ENCOURAGE PERSONS WORKING IN EMPLOYMENT UNDER OUR JURISDICTION TO BECOME AND REMAIN MEMBERS IN GOOD STANDING; TO ENGAGE IN PROPER, REASONABLE AND LEGAL ACTIVITIES; TO ENCOURAGE A HIGHER STANDARD OF SKILL AMONG MEMBERS OF OUR LOCAL UNIONS; TO HAVE INCORPORATED IN COLLECTIVE BARGAINING AGREEMENTS ENTERED INTO BY OUR MEMBER LOCAL UNIONS THE MAXIMUM UNION SECURITY AND JOB PROTECTION PROVISIONS PERMITTED BY LAW; TO ACT AS AN ADVISORY BODY TO ALL LOCAL UNIONS REPRESENTED IN THIS JOINT COUNCIL; TO CONDUCT RESEARCH AND KEEP STATISTICS CONCERNING COLLECTIVE BARGAINING AGREEMENTS; TO EXERCISE ALL RIGHTS PERMITTED BY LAW WHICH TEND TO FOSTER THE INTEREST AND WELFARE OF THIS JOINT COUNCIL AND ITS MEMBER LOCAL UNIONS IN PARTICULAR AND THE TRADE LABOR MOVEMENT IN GENERAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trevor Lawrence Secretary-Treasurer | Officer | 5 | $24,035 |
Brian Aldes Vice President | Officer | 5 | $19,235 |
Richard Erickson President | Officer | 10 | $20,000 |
Roderick Alstead Recording Secretary - Past | Officer | 5 | $2,300 |
Michael Debuck Recording Secretary | Officer | 5 | $13,500 |
Jesse Case Trustee | Officer | 5 | $12,000 |
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 | $1,395,819 |
| Investment income | $17,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,030 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,424,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,100 |
| Grants and other assistance to domestic individuals. | $24,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,808 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,334 |
| Pension plan accruals and contributions | $57,240 |
| Other employee benefits | $112,674 |
| Payroll taxes | $28,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $247,350 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,128 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,662 |
| Office expenses | $31,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,143 |
| Travel | $10,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,858 |
| Interest | $0 |
| Payments to affiliates | $1,003 |
| Depreciation, depletion, and amortization | $1,893 |
| Insurance | $2,946 |
| All other expenses | $983 |
| Total functional expenses | $1,476,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $194,312 |
| 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 | $5,010 |
| Investments—publicly traded securities | $289,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $488,640 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $488,640 |
| 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 | $488,640 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Teamsters has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEAMSERS LOCAL 238 PURPOSE: RECERTIFICATION OF MEMBERS | $25,000 |
TEAMSTERS DISASTER RELIEF FUND PURPOSE: NATURAL DISASTER RELIEF | $5,000 |