International Brotherhood Of Teamsters
- Assets
- $2.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Albuquerque, NM
- Founding
- 02/1941
- Data as of
- 12/2023
- EIN
- 85-0037007
Organization Overview
International Brotherhood Of Teamsters is located in Albuquerque, NM. 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 17 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 $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. 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
NONPROFIT LABOR UNION WHICH PROVIDES WORKER NEGOTIATIONS AND COLLECTIVE BARGAINING TO SECURE IMPROVED WAGES, WORKING CONDITIONS AMD OTHER ECONOMIC BENEFIT FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OF WORKER NEGOTIATIONS AND COLLECTIVE BARGAINING TO SECURE IMPROVED WAGES, WORKING CONDITIONS AND OTHER ECONOMIC BENEFITS FOR WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Palmer Secy Treas/bus Agent | Officer | 40 | $120,453 |
Joseph Carrillo VP | Officer | 2 | $4,661 |
Richard Martinez President | Officer | 2 | $3,438 |
Ernest Ortega Trustee/bus Agent | Trustee | 40 | $106,628 |
Travis Keim Trustee | Trustee | 2 | $4,488 |
David Trujillo Rec Secy/bus Agent | Officer | 40 | $115,307 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,160,797 |
| 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 | $2,160,797 |
| Total Program Service Revenue | $18,151 |
| Investment income | $46,531 |
| 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 | $2,238,832 |
| 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. | $368,628 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,528 |
| Pension plan accruals and contributions | $180,400 |
| Other employee benefits | $202,001 |
| Payroll taxes | $53,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,578 |
| Fees for services: Accounting | $13,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,445 |
| Advertising and promotion | $0 |
| Office expenses | $20,336 |
| Information technology | $20,090 |
| Royalties | $0 |
| Occupancy | $47,517 |
| Travel | $117,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,322 |
| Interest | $0 |
| Payments to affiliates | $540,196 |
| Depreciation, depletion, and amortization | $25,920 |
| Insurance | $6,402 |
| All other expenses | $176,471 |
| Total functional expenses | $2,254,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220 |
| Savings and temporary cash investments | $2,420,069 |
| 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 | $293,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,785 |
| Total assets | $2,728,846 |
| Accounts payable and accrued expenses | $8,615 |
| 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 | $8,615 |
| Net assets without donor restrictions | $2,720,231 |
| 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 | $2,728,846 |