Form 990 for tax year 2024
Filed by INTERNATIONAL BROTHERHOOD OF TEAMSTERS.
Totals
- Total revenue
- $3,758,265
- Total expenses
- $3,337,830
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,682,551
- Investment income
- $71,056
- Other revenue
- $4,658
- Total assets, end of year
- $3,400,651
- Total liabilities, end of year
- $702
- Net assets or fund balances, end of year
- $3,399,949
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $3,337,830
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: UNION DUES
total $3,681,203 · related or exempt $3,681,203
-
2b · Program service revenue: SALE OF SUPPLIES
total $1,348 · related or exempt $1,348
-
3 · Investment income
total $71,056 · excluded $71,056
-
6a · Gross rents
real property $1,400
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,400
-
6d · Net rental income or loss
total $1,400 · excluded $1,400
-
11a · Other revenue: OTHER
total $3,258 · related or exempt $3,258
-
11e · Other revenue, total
$3,258
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $811,261
-
7 · Other salaries and wages
total $232,081
-
8 · Pension plan contributions
total $457,617
-
9 · Other employee benefits
total $253,538
-
10 · Payroll taxes
total $89,575
-
11b · Fees: legal
total $103,057
-
11c · Fees: accounting
total $13,000
-
11g · Fees: other
total $40,925
-
12 · Advertising and promotion
total $12,295
-
13 · Office expenses
total $155,612
-
16 · Occupancy
total $25,312
-
17 · Travel
total $21,343
-
19 · Conferences, conventions and meetings
total $23,796
-
22 · Depreciation, depletion and amortization
total $52,392
-
23 · Insurance
total $52,748
-
24a · Other expenses: PER CAPITA TAXES
total $831,088
-
24b · Other expenses: REAL ESTATE TAXES
total $82,692
-
24c · Other expenses: CONTRIBUTIONS
total $35,112
-
24d · Other expenses: AUTOMOBILE EXPENSE
total $17,266
-
24e · All other expenses
total $27,120
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $982,722 · end of year $1,201,427
-
2 · Savings and temporary cash investments
beginning of year $1,506,825 · end of year $1,637,160
-
10a · Land, buildings and equipment: cost or other basis
$1,356,960
-
10b · Land, buildings and equipment: accumulated depreciation
$794,896
-
10c · Land, buildings and equipment, net
beginning of year $490,957 · end of year $562,064
-
25 · Other liabilities
beginning of year $990 · end of year $702
-
27 · Net assets without donor restrictions
beginning of year $2,979,514 · end of year $3,399,949
Mission and programs · 2024
Mission
TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, BENEFITS AND WORKING CONDITIONS
Activities or mission (Part I)
LABOR ORGANIZATION - LABOR UNION LOCAL
-
TO ORGANIZE WORKERS AND SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATION AND COLLECTIVE BARGAINING
Expenses $3,337,830
As filed on the 2024 return.
Listed in Part VII
-
Roger ThorsonROGER THORSON
TRUSTEE
- Total calculated
- $169,572
- From this org
- $112,122
- From related orgs
- $0
- Other
- $57,450
- Hours/week
- 5
Schedule J breakdown matched by us
- Base
- $112,122
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $57,450 related
- Nontaxable benefits
- $0
- Filer's total
- $112,122 + $57,450 related
-
Richard PohligRICHARD POHLIG
TRUSTEE
- Total calculated
- $6,434
- From this org
- $6,434
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
William CorbinWILLIAM CORBIN
TRUSTEE
- Total calculated
- $3,838
- From this org
- $3,838
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Jeremy BealJEREMY BEAL
TRUSTEE
- Total calculated
- $167,190
- From this org
- $112,128
- From related orgs
- $0
- Other
- $55,062
- Hours/week
- 5
Schedule J breakdown matched by us
- Base
- $112,128
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $55,062 related
- Nontaxable benefits
- $0
- Filer's total
- $112,128 + $55,062 related
-
Howard W WellsHOWARD W WELLS
PRESIDENT
- Total calculated
- $256,212
- From this org
- $184,431
- From related orgs
- $0
- Other
- $71,781
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $184,431
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $71,781 related
- Nontaxable benefits
- $0
- Filer's total
- $184,431 + $71,781 related
-
James BennettJAMES BENNETT
VICE PRESIDENT
- Total calculated
- $184,882
- From this org
- $125,043
- From related orgs
- $0
- Other
- $59,839
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $125,043
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $59,839 related
- Nontaxable benefits
- $0
- Filer's total
- $125,043 + $59,839 related
-
Pasquale BelloPASQUALE BELLO
SGT AT ARMS
- Total calculated
- $15,900
- From this org
- $15,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Jeffrey R SemonJEFFREY R SEMON
SECRETARY/TREASURER
- Total calculated
- $191,830
- From this org
- $133,185
- From related orgs
- $0
- Other
- $58,645
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $133,185
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $58,645 related
- Nontaxable benefits
- $0
- Filer's total
- $133,185 + $58,645 related
-
Brian HigginbothhamBRIAN HIGGINBOTHHAM
RECORDING SECRETARY
- Total calculated
- $175,631
- From this org
- $118,181
- From related orgs
- $0
- Other
- $57,450
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $118,181
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $57,450 related
- Nontaxable benefits
- $0
- Filer's total
- $118,181 + $57,450 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LOCAL 676 AND EMPLOYERS ANNUITY FUND
401(A) · TO PROVIDE COLLECTIVELY BARGAIN ANNUITY BENEFITS. · PA
-
LOCAL 676 AND EMPLOYERS VACATION FUND
501(C)(5) · TO PROVIDE PAYMENT OF VACATION BENEFITS TO THE PARTICIPANTS. · PA
-
TEAMSTERS JOINT COUNCIL 53 RETIREE HEALTH & WELFARE FUND
501(C)(9) · TO PROVIDE COLLECTIVELY BARGAIN HEALTH & WELFARE BENEFITS. · NJ
-
TEAMSTERS HEALTH & WELFARE FUND OF PHILADELPHIA
501(C)(9) · TO PROVIDE COLLECTIVELY BARGAIN HEALTH & WELFARE BENEFITS. · NJ
-
TEAMSTERS PENSION TRUST FUND OF PHILADELPHIA
401(A) · TO PROVIDE COLLECTIVELY BARGAIN PENSION BENEFITS. · NJ
-
TEAMSTERS JOINT COUNCIL 53 RETIREE PENSION FUND
401(A) · TO PROVIDE COLLECTIVELY BARGAIN PENSION BENEFITS. · NJ
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 June 2025
- IRS schema version
- 2024v5.2
- Source object
- 202501959349301605
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