Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $44,766

• 2a · Program service revenue: MEMBERSHIP DUES

  total $5,759,223 · related or exempt $5,759,223

• 2b · Program service revenue: REIMBURSED PERSONNEL C

  total $78,426 · related or exempt $78,426

• 2c · Program service revenue: NON-MEMBER FEES

  total $9,540 · related or exempt $9,540

• 3 · Investment income

  total $17,280 · excluded $17,280

• 6a · Gross rents

  real property $39,150

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $39,150

• 6d · Net rental income or loss

  total $39,150 · excluded $39,150

• 7a · Gross sales of assets other than inventory

  securities $198,000 · other assets $8,000

• 7b · Less cost or other basis and sales expenses

  securities $214,298 · other assets $0

• 7c · Gain or loss

  securities -$16,298 · other assets $8,000

• 7d · Net gain or loss

  total -$8,298 · excluded -$8,298

• 11a · Other revenue: IBT REIMBURSEMENTS

  total $135,690 · related or exempt $135,690

• 11b · Other revenue: SALE OF SUPPLIES

  total $231 · related or exempt $231

• 11c · Other revenue: OTHER INCOME

  total $127 · related or exempt $127

• 11e · Other revenue, total

  $136,048

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $69,027

• 5 · Compensation of officers, directors and key employees

  total $984,735

• 7 · Other salaries and wages

  total $1,473,482

• 8 · Pension plan contributions

  total $541,891

• 9 · Other employee benefits

  total $403,939

• 10 · Payroll taxes

  total $175,368

• 11b · Fees: legal

  total $180,878

• 11c · Fees: accounting

  total $31,400

• 11g · Fees: other

  total $12,506

• 13 · Office expenses

  total $120,371

• 14 · Information technology

  total $11,376

• 16 · Occupancy

  total $134,910

• 17 · Travel

  total $125,162

• 21 · Payments to affiliates

  total $1,317,385

• 22 · Depreciation, depletion and amortization

  total $34,395

• 23 · Insurance

  total $21,773

• 24a · Other expenses: STRIKE EXPENSES

  total $520,654

• 24b · Other expenses: NEGOTIATION & CONTRACT

  total $55,298

• 24c · Other expenses: EDUCATION & PUBLICITY

  total $45,696

• 24d · Other expenses: NEWSLETTER

  total $13,662

• 24e · All other expenses

  total $2,463

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $453,039 · end of year $390,620

• 2 · Savings and temporary cash investments

  beginning of year $517,149 · end of year $533,935

• 10a · Land, buildings and equipment: cost or other basis

  $1,025,672

• 10b · Land, buildings and equipment: accumulated depreciation

  $779,407

• 10c · Land, buildings and equipment, net

  beginning of year $272,427 · end of year $246,265

• 11 · Investments: publicly traded securities

  beginning of year $985,619 · end of year $696,036

• 15 · Other assets

  beginning of year $3,000 · end of year $3,000

• 17 · Accounts payable and accrued expenses

  beginning of year $1,152 · end of year $420

• 27 · Net assets without donor restrictions

  beginning of year $2,230,082 · end of year $1,869,436

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE BOARD OF TEAMSTERS LOCAL 251 SHALL ESTABLISH THE SALARIES FOR THE OFFICERS AND ELECTED BUSINESS AGENTS AND ESTABLISH ALLOWANCES, DIRECT AND INDIRECT DISBURSEMENTS, EXPENSES AND REIMBURSEMENTS OF EXPENSES FOR OFFICERS AND BUSINESS AGENTS. ANY INCREASE IN AND/OR ALLOWANCES FOR THE OFFICERS, ELECTED BUSINESS AGENTS, APPOINTED BUSINESS AGENTS, REPRESENTATIVES AND ORGANIZERS, SHALL BE SUBJECT TO THE APPROVAL OF THE MEMBERSHIP AT A DULY NOTICED REGULAR MEMBERSHIP MEETING.