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 HamiltonWILLIAM 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'BrienSEAN 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 ZuckermanFRED 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 JonesCHARLES 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 DoughertyLINDSAY 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.
-
INTERNATIONAL BROTHERHOOD OF TEAMSTERS
501(C)(5) · LABOR UNION · DC
-
501(C)(3) · CHARITABLE ORANIZATION · DC
-
COMM FOR DMCRTC REPUB INDP VOTER EDUCATION (DRIVE)
SECTION 527 · POLITICAL ACTION COMMITTEE · DC
-
INTERNATIONAL BROTHERHOOD OF TEAMSTERS SUPP'L BENEFITS TRUST
501(C)(5) · SUPPLEMENTAL BENEFITS TRUST · DC
-
501(C)(9) · LEGAL DEFENSE FUND · DC
-
TEAMSTERS EDUCATION AND MOBILIZATION FUND
SECTION 527 · POLITICAL ACTION COMMITTEE · DC
-
TEAMSTER AFFILIATES PENSION PLAN
401(A)/501(A) · PENSION PLAN · DC
-
INT'L BRTHD OF TMSTRS RETIREMENT & FAMILY PROTECTION
401(A)/501(A) · PENSION PLAN · DC
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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