International Brotherhood Of Teamsters
- Assets
- $10.8m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Cincinnati, OH
- Founding
- Data as of
- 12/2022
- EIN
- 84-3409884
Organization Overview
International Brotherhood Of Teamsters is located in Cincinnati, OH. As of 12/2022, International Brotherhood Of Teamsters employed 4 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 12/2022, International Brotherhood Of Teamsters generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $5.5m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A LABOR UNION FORMED TO ORGANIZE WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yngve Paulsen President | Officer | 40 | $304,029 |
Christopher Knox Vice President | Officer | 40 | $155,534 |
Christopher Grable Secretary Treasurer | Officer | 40 | $182,130 |
Justin Wargo Recording Secretary | Officer | 40 | $138,244 |
Keith Carbine Trustee | Officer | 40 | $119,592 |
Brent Desserich Trustee | Officer | 40 | $42,642 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilder Law Group Pllc Legal Services | 12/30/21 | $142,249 |
Amas Aeromedical Services | 12/30/21 | $215,895 |
Katz & Ranzman Pc Legal Services | 12/30/21 | $257,916 |
Akins & Associates Arbitration Services | 12/30/21 | $248,708 |
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 | $9,522,662 |
| Investment income | $26,908 |
| 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 | $9,555,940 |
| 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 | $233,661 |
| Compensation of current officers, directors, key employees. | $1,019,995 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,001,209 |
| Pension plan accruals and contributions | $9,187 |
| Other employee benefits | $37,061 |
| Payroll taxes | $15,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,609 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,275 |
| Advertising and promotion | $0 |
| Office expenses | $36,190 |
| Information technology | $76,281 |
| Royalties | $0 |
| Occupancy | $60,633 |
| Travel | $470,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,285 |
| Interest | $0 |
| Payments to affiliates | $1,179,609 |
| Depreciation, depletion, and amortization | $16,985 |
| Insurance | $12,283 |
| All other expenses | $0 |
| Total functional expenses | $5,499,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,859 |
| Savings and temporary cash investments | $0 |
| 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 | $81,182 |
| Investments—publicly traded securities | $10,454,397 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,063 |
| Total assets | $10,808,501 |
| 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 | $6,238 |
| Total liabilities | $6,238 |
| Net assets without donor restrictions | $10,802,263 |
| 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 | $10,808,501 |