International Brotherhood Of Teamsters
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 41
- Location
- New Orleans, LA
- Founding
- 09/1940
- Data as of
- 12/2021
- EIN
- 72-0393018
Organization Overview
International Brotherhood Of Teamsters is located in New Orleans, LA. The organization was established in 1940. 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 41 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 $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 4.7% 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
INTERNATIONAL UNION ORGANIZED TO EDUCATE WORKERS IN INDUSTRIES UTILIZING TEAMSTERS, CHAFFEURS, WAREHOUSEMEN AND HELPERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITIES OF TEAMSTERS LOCAL NO. 270 HAS CONTRIBUTED GREATLY TOWARDS THE PROMOTION OF BROTHERHOOD AND UNITY AMONG THE MEMBERS WHICH LOCAL 270 REPRESENTS IN COLLECTIVE BARGAINING NEGOTIATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen P Sorrell Sr President | OfficerTrustee | 40 | $155,550 |
Jose Serna Jr Secretary Treasurer | OfficerTrustee | 40 | $144,150 |
James D Baynes Recording Secretary | OfficerTrustee | 40 | $144,150 |
Blaine Daze Trustee | Trustee | 0 | $6,201 |
Marshall Fair Trustee | Trustee | 0 | $5,264 |
Earl Hurst Vice President | OfficerTrustee | 40 | $5,014 |
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 | $101,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,700 |
| Total Program Service Revenue | $1,933,381 |
| Investment income | $2,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,279,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,763 |
| Grants and other assistance to domestic individuals. | $124,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $465,255 |
| Compensation of current officers, directors, key employees. | $37,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $360,876 |
| Pension plan accruals and contributions | $107,808 |
| Other employee benefits | $244,290 |
| Payroll taxes | $62,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,202 |
| 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 | $24,935 |
| Advertising and promotion | $0 |
| Office expenses | $86,578 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,644 |
| Insurance | $46,354 |
| All other expenses | $34,947 |
| Total functional expenses | $2,283,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,272 |
| Savings and temporary cash investments | $1,813,260 |
| 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 | $324,810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,613,342 |
| Accounts payable and accrued expenses | $23,227 |
| 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 | $23,227 |
| Net assets without donor restrictions | $2,590,115 |
| 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 | $2,613,342 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Brotherhood Of Teamsters has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
International Brotherhood Of Teamsters Washington, DC PURPOSE: DISASTER RELIEF ASSITANCE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Longshoremens Association Webster, TX | $13,367,855 | $12,394,447 |
Texas State Teachers Association Austin, TX | $19,090,132 | $12,831,856 |
Transport Workers Union Of America Dallas, TX | $6,072,391 | $10,500,954 |
West Gulf Maritime Association Houston, TX | $11,105,022 | $10,778,910 |
American Paint Horse Association Fort Worth, TX | $23,408,879 | $13,171,062 |
Association Of Professional Flight Attendants Euless, TX | $20,400,009 | $11,611,119 |
Combined Law Enforcement Associations Of Texas Austin, TX | $18,761,486 | $9,658,707 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 2 Houston, TX | $8,533,465 | $8,520,398 |
International Association Of Machinists & Aerospace Workers Fort Worth, TX | $7,479,152 | $8,206,010 |
International Brotherhood Of Electrical Wkrs Union 480 & Jackso Byram, MS | $9,318,697 | $7,560,977 |
Transport Workers Union Of America Dallas, TX | $7,395,146 | $7,237,862 |
U A P P Local 142 Richardson, TX | $25,968,149 | $10,861,656 |