Teamsters Local No 320 Employee Assistance Fund
- Assets
- $165.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1989
- Data as of
- 12/2022
- EIN
- 41-1557778
Organization Overview
Teamsters Local No 320 Employee Assistance Fund is located in Minneapolis, MN. The organization was established in 1989. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Local No 320 Employee Assistance Fund 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, Teamsters Local No 320 Employee Assistance Fund generated $49.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $70.8k during the year ending 12/2022. While expenses have increased by 7.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO CARRY OUT THE BETTERMENT OF THE CONDITIONS OF CURRENT AND RETIRED MINNESOTA TEAMSTER MEMBERS, THE IMPROVEMENT OF THE GRADE OF THEIR PRODUCTS AND SERVICES, AND THE DEVELOPMENT OF A HIGHER DEGREE OF EFFICIENCY IN THEIR OCCUPATION BY SUPPORTING OTHER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Aldes President | 1 | $0 | |
Samantha Gabriel Trustee - Past | 0.25 | $0 | |
Erik Skoog Trustee | 0.25 | $0 | |
Curt Swenson Board At Large | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,678 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,515 |
| Gain or Loss | -$1,657 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,536 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,626 |
| Total expenses | $70,800 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $165,164 |
| Other assets | $0 |
| Total assets | $165,164 |
| Total liabilities | $0 |
| Net assets or fund balances | $165,164 |