International Brotherhood Of Teamsters
- Assets
- $1.4m
- Revenue
- $3.8m
- Investments
- $7.9k
- Employees
- 61
- Location
- Cedar Rapids, IA
- Founding
- 02/1941
- Data as of
- 12/2021
- EIN
- 42-0178484
Organization Overview
International Brotherhood Of Teamsters is located in Cedar Rapids, IA. 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 12/2021, International Brotherhood Of Teamsters employed 61 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 12/2021, International Brotherhood Of Teamsters generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COLLECTIVELY NEGOTIATE THE TERMS AND CONDITIONS OF A PERSON'S EMPLOYMENT AND THE COMPENSATION TO BE PAID FOR THEIR TIME AND SERVICES UNDER CIRCUMSTANCES WHICH GIVE THEM AND THEIR EMPLOYERS AN EQUAL VOICE IN SUCH MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Case Secretary-Treasurer | Officer | 40 | $89,287 |
James Romar Trustee/political Coordinator | Officer | 40 | $84,952 |
Brian Simpson Vice President/business Agent | Officer | 40 | $82,775 |
David Miller President/business Agent | Officer | 40 | $82,772 |
Daniel Macdonald Trustee/business Agent | Officer | 40 | $82,258 |
Arthur Jones Trustee/business Agent | Officer | 40 | $81,378 |
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 | $3,789,460 |
| Investment income | $3,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,165 |
| 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 | $3,813,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,266 |
| Grants and other assistance to domestic individuals. | $6,215 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $961,772 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $684,854 |
| Pension plan accruals and contributions | $160,548 |
| Other employee benefits | $183,010 |
| Payroll taxes | $105,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,765 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,520 |
| Advertising and promotion | $0 |
| Office expenses | $166,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $211,069 |
| Travel | $130,763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,304 |
| Interest | $0 |
| Payments to affiliates | $919,096 |
| Depreciation, depletion, and amortization | $35,924 |
| Insurance | $18,880 |
| All other expenses | $1,241 |
| Total functional expenses | $3,780,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350 |
| Savings and temporary cash investments | $1,237,712 |
| 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 | $165,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,850 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,352 |
| Total assets | $1,414,366 |
| 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 | $5,249 |
| Total liabilities | $5,249 |
| Net assets without donor restrictions | $1,409,117 |
| 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 | $1,414,366 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that International Brotherhood Of Teamsters has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
International Brotherhood Of Teamsters Washington, DC PURPOSE: DISASTER RELIEF ASSITANCE | $25,000 |
Teamster Disaster Relief Fund Washington, DC PURPOSE: FINANCIAL SUPPORT | $25,000 |