International Brotherhood Of Teamsters
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Jonesboro, GA
- Founding
- 02/1941
- Data as of
- 12/2023
- EIN
- 58-0955076
Organization Overview
International Brotherhood Of Teamsters is located in Jonesboro, GA. 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 19 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. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) 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 (1.1%) per year over the past 7 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
PROMOTING RIGHTS OF WORKERS TO ORGANIZE AND HAVE REPRESENTATION FOR BETTER WAGES AND BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING RIGHTS OF WORKERS TO ORGANIZE HAVE REPRESENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice Cobb President | Officer | 40 | $120,727 |
Oliver Dawson Secretary Treasurer | Officer | 40 | $113,333 |
Durante Reid Trustee | Officer | 1 | $5,415 |
Jewel Prevo Recording Secretary | Officer | 1 | $5,210 |
Willie Reid Trustee | Officer | 1 | $4,800 |
Curtis Lawrence Trustee | Officer | $4,800 |
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 | $1,329,180 |
| Investment income | $23,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,920 |
| Net Gain/Loss on Asset Sales | -$3,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,358,162 |
| 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. | $259,325 |
| Compensation of current officers, directors, key employees. | $259,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,656 |
| Pension plan accruals and contributions | $145,040 |
| Other employee benefits | $139,495 |
| Payroll taxes | $39,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,000 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,720 |
| Advertising and promotion | $0 |
| Office expenses | $8,015 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,817 |
| Interest | $0 |
| Payments to affiliates | $299,231 |
| Depreciation, depletion, and amortization | $31,144 |
| Insurance | $23,665 |
| All other expenses | $86,411 |
| Total functional expenses | $1,474,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,045 |
| Savings and temporary cash investments | $588,832 |
| 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 | $731,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $425 |
| Total assets | $1,382,310 |
| 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 | $45,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $516 |
| Total liabilities | $46,468 |
| Net assets without donor restrictions | $1,335,842 |
| 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 | $1,382,310 |