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Nonprofiteer
← INTERNATIONAL BROTHERHOOD OF TEAMSTERS

Form 990 for tax year 2022

Filed by INTERNATIONAL BROTHERHOOD OF TEAMSTERS.

Totals

Total revenue
$29,819,103
Total expenses
$24,472,787
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$25,364,395
Investment income
$4,367,300
Other revenue
$87,408
Total assets, end of year
$68,304,779
Total liabilities, end of year
$3,367,764
Net assets or fund balances, end of year
$64,937,015
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: EMPLOYER CONTRIBUTIONS

    total $21,246,826 · related or exempt $21,246,826

  • 2b · Program service revenue: MEDICARE REFUNDS

    total $4,068,593 · related or exempt $4,068,593

  • 2c · Program service revenue: COBRA CONTRIBUTIONS

    total $48,976 · related or exempt $48,976

  • 3 · Investment income

    total $906,738 · excluded $906,738

  • 7a · Gross sales of assets other than inventory

    securities $64,812,825

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

    securities $61,352,263

  • 7c · Gain or loss

    securities $3,460,562

  • 7d · Net gain or loss

    total $3,460,562 · excluded $3,460,562

  • 11a · Other revenue: OTHER INCOME

    total $87,408 · related or exempt $87,408

  • 11e · Other revenue, total

    $87,408

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $21,383,759

  • 7 · Other salaries and wages

    total $1,098,733

  • 8 · Pension plan contributions

    total $88,591

  • 9 · Other employee benefits

    total $362,840

  • 10 · Payroll taxes

    total $48,974

  • 11b · Fees: legal

    total $60,275

  • 11c · Fees: accounting

    total $37,119

  • 11f · Fees: investment management

    total $133,766

  • 11g · Fees: other

    total $655,686

  • 13 · Office expenses

    total $262,113

  • 14 · Information technology

    total $21,131

  • 16 · Occupancy

    total $166,882

  • 19 · Conferences, conventions and meetings

    total $12,193

  • 22 · Depreciation, depletion and amortization

    total $16,402

  • 23 · Insurance

    total $27,496

  • 24a · Other expenses: FEES MANDATED BY THE AF

    total $50,645

  • 24b · Other expenses: ADMIN FUND EXPENSE REIM

    total $46,182

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,644,939 · end of year $6,146,045

  • 2 · Savings and temporary cash investments

    beginning of year $1,697,203 · end of year $1,669,241

  • 4 · Accounts receivable

    beginning of year $17,903,802 · end of year $10,905,493

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,427 · end of year $12,165

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

    $730,126

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

    $713,304

  • 10c · Land, buildings and equipment, net

    beginning of year $33,224 · end of year $16,822

  • 11 · Investments: publicly traded securities

    beginning of year $53,272,093 · end of year $49,297,293

  • 15 · Other assets

    beginning of year $0 · end of year $257,720

  • 17 · Accounts payable and accrued expenses

    beginning of year $526,233 · end of year $542,491

  • 25 · Other liabilities

    beginning of year $2,612,662 · end of year $2,825,273

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $73,424,793 · end of year $64,937,015

Mission and programs · 2022

Mission

TO PROVIDE VARIOUS WELFARE BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS COVERED UNDER COLLECTIVELY BARGAINED LABOR CONTRACTS NEGOTIATED BY CITY EMPLOYEES LOCAL UNION 237 I.B.T.

Activities or mission (Part I)

TO PROVIDE VARIOUS WELFARE BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

  • THE RETIREES BENEFIT FUND PROVIDED PRESCRIPTION DRUG, DENTAL, OPTICAL, HEARING AID, DEATH, LEGAL SERVICES, SUPPLEMENTAL MEDICAL, RETIREMENT PLANNING, PENSION COUNSELING AND EDUCATION BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS COVERED UNDER COLLECTIVELY BARGAINED LABOR CONTRACTS NEGOTIATED BY CITY EMPLOYEES LOCAL UNION 237 I.B.T.

As filed on the 2022 return.

Listed in Part VII

  • Gregory Floyd

    TRUSTEE

    Total calculated
    $268,847
    From this org
    $0
    From related orgs
    $250,694
    Other
    $18,153
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,694 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,153 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $268,847 related

  • Ruben Torres

    TRUSTEE

    Total calculated
    $191,140
    From this org
    $0
    From related orgs
    $178,805
    Other
    $12,335
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,805 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,335 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $191,140 related

  • Derek Jackson

    TRUSTEE

    Total calculated
    $211,199
    From this org
    $0
    From related orgs
    $190,378
    Other
    $20,821
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,378 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,604 related
    Nontaxable benefits
    $0 + $2,217 related
    Filer's total
    $0 + $211,199 related

  • Jeanette Tavares

    TRUSTEE

    Total calculated
    $220,637
    From this org
    $0
    From related orgs
    $184,366
    Other
    $36,271
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,366 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,696 related
    Nontaxable benefits
    $0 + $21,575 related
    Filer's total
    $0 + $220,637 related

  • Dwayne Montgomery

    TRUSTEE

    Total calculated
    $207,660
    From this org
    $0
    From related orgs
    $185,746
    Other
    $21,914
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,746 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,697 related
    Nontaxable benefits
    $0 + $2,217 related
    Filer's total
    $0 + $207,660 related

  • Donald Arnold

    TRUSTEE

    Total calculated
    $260,750
    From this org
    $0
    From related orgs
    $243,190
    Other
    $17,560
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,190 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,560 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $260,750 related

  • Julie Kobi

    CO-DIRECTOR

    Total calculated
    $198,748
    From this org
    $158,400
    From related orgs
    $0
    Other
    $40,348
    Hours/week
    29 + 11 related

    Schedule J breakdown matched by us

    Base
    $158,400
    Bonus
    $0
    Other
    $0
    Deferred
    $9,878
    Nontaxable benefits
    $30,470
    Filer's total
    $198,748

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

None.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
2 October 2023
IRS schema version
2022v5.0
Source object
202332759349301338

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