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← INTERNATIONAL BROTHERHOOD OF TEAMSTERS VOLUNTARY BENEFITS TRUST

Form 990 for tax year 2023

Filed by INTERNATIONAL BROTHERHOOD OF TEAMSTERS VOLUNTARY BENEFITS TRUST.

Totals

Total revenue
$2,102,812
Total expenses
$4,203,803
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,679,552
Investment income
$423,260
Other revenue
$0
Total assets, end of year
$22,462,119
Total liabilities, end of year
$174,978
Net assets or fund balances, end of year
$22,287,141
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: MEDICARE REINSURANCE R

    total $1,061,967 · related or exempt $1,061,967

  • 2b · Program service revenue: FEES FOR SUPPORT SERVI

    total $526,799 · related or exempt $526,799

  • 2c · Program service revenue: COVERAGE GAP DISCOUNT

    total $90,786 · related or exempt $90,786

  • 3 · Investment income

    total $423,260 · excluded $423,260

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,599,126

  • 11b · Fees: legal

    total $9,308

  • 11c · Fees: accounting

    total $25,405

  • 11f · Fees: investment management

    total $20,934

  • 11g · Fees: other

    total $410,538

  • 13 · Office expenses

    total $10,522

  • 23 · Insurance

    total $8,790

  • 24a · Other expenses: REIMBURSED ADMINISTRATI

    total $119,180

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,330,710 · end of year $320,796

  • 2 · Savings and temporary cash investments

    beginning of year $32,491 · end of year $10,011,948

  • 11 · Investments: publicly traded securities

    beginning of year $2,935,796 · end of year $8,386,010

  • 15 · Other assets

    beginning of year $16,173,318 · end of year $3,743,365

  • 17 · Accounts payable and accrued expenses

    beginning of year $166,716 · end of year $64,978

  • 24 · Unsecured notes and loans payable

    beginning of year $1,000,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $266,000 · end of year $110,000

  • 27 · Net assets without donor restrictions

    beginning of year $24,039,599 · end of year $22,287,141

Mission and programs · 2023

Mission

TO SERVE AS A VEHICLE FOR THE COORDINATION AND FUNDING OF NUMEROUS HEALTH INSURANCE WELFARE AND EDUCATIONAL PROGRAMS FOR THE BENEFIT OF MEMBERS OF THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS AND THEIR FAMILIES.

Activities or mission (Part I)

TO SERVE AS A VEHICLE FOR THE COORDINATION AND FUNDING OF NUMEROUS IBT HEALTH AND WELFARE PROGRAMS.

  • TO SERVE AS A VEHICLE FOR THE COORDINATION AND FUNDING OF NUMEROUS HEALTH INSURANCE WELFARE AND EDUCATIONAL PROGRAMS FOR THE BENEFIT OF MEMBERS OF THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS AND THEIR FAMILIES.

As filed on the 2023 return.

Listed in Part VII

  • William Hamilton

    TRUSTEE

    Total calculated
    $209,616
    From this org
    $0
    From related orgs
    $170,898
    Other
    $38,718
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,812 related
    Bonus
    $0
    Other
    $0 + $17,086 related
    Deferred
    $0 + $17,842 related
    Nontaxable benefits
    $0 + $20,876 related
    Filer's total
    $0 + $209,616 related
  • Sean O'Brien

    CHAIRMAN

    Total calculated
    $453,484
    From this org
    $0
    From related orgs
    $379,473
    Other
    $74,011
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,352 related
    Bonus
    $0
    Other
    $0 + $129,121 related
    Deferred
    $0 + $29,041 related
    Nontaxable benefits
    $0 + $44,970 related
    Filer's total
    $0 + $453,484 related
  • Fred E Zuckerman

    TRUSTEE

    Total calculated
    $382,344
    From this org
    $0
    From related orgs
    $333,932
    Other
    $48,412
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,535 related
    Bonus
    $0
    Other
    $0 + $111,397 related
    Deferred
    $0 + $25,814 related
    Nontaxable benefits
    $0 + $22,598 related
    Filer's total
    $0 + $382,344 related
  • Charles A Jones

    TRUSTEE

    Total calculated
    $154,469
    From this org
    $0
    From related orgs
    $121,158
    Other
    $33,311
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $108,473 related
    Bonus
    $0
    Other
    $0 + $12,685 related
    Deferred
    $0 + $12,583 related
    Nontaxable benefits
    $0 + $20,728 related
    Filer's total
    $0 + $154,469 related
  • Lindsay Dougherty

    TRUSTEE

    Total calculated
    $63,975
    From this org
    $0
    From related orgs
    $38,841
    Other
    $25,134
    Hours/week
    2 + 40 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TEAMSTERS NATIONAL HEADQUARTERS BUILDING CORPORATION

    C · BUILDING CORPORATION · DC

Provenance

Return type
form_990
Tax year
2023
Filed
18 September 2024
IRS schema version
2023v5.1
Source object
202442629349300049

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