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Nonprofiteer
← INTERNATIONAL BROTHERHOOD OF TEAMSTERS

Form 990 for tax year 2023

Filed by INTERNATIONAL BROTHERHOOD OF TEAMSTERS.

Totals

Total revenue
$3,792,002
Total expenses
$3,735,558
Contributions and grants received
$0
Grants paid
$130,144
Program service revenue
$3,828,416
Investment income
$35,473
Other revenue
-$71,887
Total assets, end of year
$2,999,957
Total liabilities, end of year
$96,957
Net assets or fund balances, end of year
$2,903,000
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: DUES

    total $3,368,554 · related or exempt $3,368,554

  • 2b · Program service revenue: INITIATION FEES

    total $441,862 · related or exempt $441,862

  • 2c · Program service revenue: REIMB. ADMINISTRATIVE

    total $18,000 · related or exempt $18,000

  • 3 · Investment income

    total $35,473 · excluded $35,473

  • 6a · Gross rents

    real property $52,344

  • 6b · Less rental expenses

    real property $143,858

  • 6c · Rental income or loss

    real property -$91,514

  • 6d · Net rental income or loss

    total -$91,514 · related or exempt -$91,514

  • 11a · Other revenue: OTHER RECEIPTS

    total $19,627 · related or exempt $19,627

  • 11e · Other revenue, total

    $19,627

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,144

  • 5 · Compensation of officers, directors and key employees

    total $1,038,119

  • 7 · Other salaries and wages

    total $614,691

  • 8 · Pension plan contributions

    total $89,244

  • 9 · Other employee benefits

    total $108,241

  • 10 · Payroll taxes

    total $118,245

  • 11b · Fees: legal

    total $174,416

  • 11c · Fees: accounting

    total $47,500

  • 13 · Office expenses

    total $136,516

  • 16 · Occupancy

    total $77,092

  • 17 · Travel

    total $106,138

  • 19 · Conferences, conventions and meetings

    total $44,858

  • 21 · Payments to affiliates

    total $832,601

  • 22 · Depreciation, depletion and amortization

    total $11,254

  • 23 · Insurance

    total $21,390

  • 24a · Other expenses: MEMBERSHIP MARKETING IT

    total $91,955

  • 24b · Other expenses: NEWSLETTER EXPENSE

    total $31,437

  • 24c · Other expenses: HOLIDAY EXPENSES

    total $30,130

  • 24d · Other expenses: SHOP STEWARDS DUES REFU

    total $24,111

  • 24e · All other expenses

    total $7,476

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $695,446 · end of year $473,690

  • 2 · Savings and temporary cash investments

    beginning of year $1,477,493 · end of year $1,814,949

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

    $1,424,312

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

    $715,237

  • 10c · Land, buildings and equipment, net

    beginning of year $22,235 · end of year $709,075

  • 15 · Other assets

    beginning of year $747,856 · end of year $2,243

  • 25 · Other liabilities

    beginning of year $96,474 · end of year $96,957

  • 27 · Net assets without donor restrictions

    beginning of year $2,846,556 · end of year $2,903,000

Mission and programs · 2023

Mission

THE PRIMARY MISSION OF THE UNION IS TO ORGANIZE EMPLOYEES AND NEGOTIATE CONTRACTS ON THEIR BEHALF COVERING WAGES, BENEFITS, HOURS, AND CONDITIONS OF EMPLOYMENT IN ACCORDANCE WITH THE LAWS, USAGES, AND REQUIREMENTS OF THE IBT, AND IN ACCORDANCE WITH THE BEST INTERESTS OF THE LABOR MOVEMENT.

  • THE PRIMARY MISSION OF THE UNION IS TO ORGANIZE EMPLOYEES AND NEGOTIATE CONTRACTS ON THEIR BEHALF COVERING WAGES, BENEFITS, HOURS, AND CONDITIONS OF EMPLOYMENT IN ACCORDANCE WITH THE LAWS, USAGES, AND REQUIREMENTS OF THE IBT, AND IN ACCORDANCE WITH THE BEST INTERESTS OF THE LABOR MOVEMENT.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel J Kane Jr

    PRESIDENT

    Total calculated
    $296,299
    From this org
    $146,219
    From related orgs
    $83,451
    Other
    $66,629
    Hours/week
    40 + 15 related

    Schedule J breakdown matched by us

    Base
    $146,219 + $83,451 related
    Bonus
    $0
    Other
    $0
    Deferred
    $49,052
    Nontaxable benefits
    $17,577
    Filer's total
    $212,848 + $83,451 related

  • Charles Machadio

    TRUSTEE

    Total calculated
    $170,271
    From this org
    $128,901
    From related orgs
    $0
    Other
    $41,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,201
    Bonus
    $0
    Other
    $16,700
    Deferred
    $23,793
    Nontaxable benefits
    $17,577
    Filer's total
    $170,271

  • Marc Adamo

    RECORDING SECRETARY

    Total calculated
    $134,742
    From this org
    $105,025
    From related orgs
    $0
    Other
    $29,717
    Hours/week
    40

  • Anthony M Rosa

    SECRETARY TREASURER

    Total calculated
    $219,771
    From this org
    $128,401
    From related orgs
    $50,000
    Other
    $41,370
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $112,201 + $50,000 related
    Bonus
    $0
    Other
    $16,200
    Deferred
    $23,793
    Nontaxable benefits
    $17,577
    Filer's total
    $169,771 + $50,000 related

  • Leonardo Servedio

    VICE PRESIDENT

    Total calculated
    $170,021
    From this org
    $128,651
    From related orgs
    $0
    Other
    $41,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,201
    Bonus
    $0
    Other
    $16,450
    Deferred
    $23,793
    Nontaxable benefits
    $17,577
    Filer's total
    $170,021

  • John Rieder

    TRUSTEE

    Total calculated
    $165,254
    From this org
    $131,941
    From related orgs
    $0
    Other
    $33,313
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,741
    Bonus
    $0
    Other
    $17,200
    Deferred
    $15,736
    Nontaxable benefits
    $17,577
    Filer's total
    $165,254

  • Suze Fanfan

    TRUSTEE

    Total calculated
    $15,210
    From this org
    $15,210
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Fullam

    BUSINESS AGENT

    Total calculated
    $163,186
    From this org
    $129,873
    From related orgs
    $0
    Other
    $33,313
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,298
    Bonus
    $0
    Other
    $16,575
    Deferred
    $15,736
    Nontaxable benefits
    $17,577
    Filer's total
    $163,186

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
2023
Filed
4 April 2024
IRS schema version
2023v5.0
Source object
202410959349300806

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