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Nonprofiteer
← INTERNATIONAL BROTHERHOOD OF TEAMSTERS

Form 990 for tax year 2024

Filed by INTERNATIONAL BROTHERHOOD OF TEAMSTERS.

Totals

Total revenue
$539,226
Total expenses
$555,229
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$485,649
Investment income
$22,062
Other revenue
$31,515
Total assets, end of year
$750,928
Total liabilities, end of year
$4,483
Net assets or fund balances, end of year
$746,445
Program services expenses (Part IX)
$481,030
Management and general expenses
$74,199
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 86.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 $457,313 · related or exempt $457,313

  • 2b · Program service revenue: PENSION CONTRIBUTIONS

    total $18,452 · related or exempt $18,452

  • 2c · Program service revenue: INITIATION FEES

    total $6,415 · related or exempt $6,415

  • 2d · Program service revenue: BENEVOLENT TRUST FUND RECEIPT

    total $3,469 · related or exempt $3,469

  • 3 · Investment income

    total $29,375 · related or exempt $29,375

  • 7a · Gross sales of assets other than inventory

    securities $175,153

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

    securities $182,466

  • 7c · Gain or loss

    securities -$7,313

  • 7d · Net gain or loss

    total -$7,313 · related or exempt -$7,313

  • 11a · Other revenue: OTHER REIMBURSEMENTS- FUNDS

    total $27,000 · related or exempt $27,000

  • 11b · Other revenue: OTHER INCOME

    total $4,515 · related or exempt $4,515

  • 11e · Other revenue, total

    $31,515

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $93,673 · program services $93,673

  • 5 · Compensation of officers, directors and key employees

    total $164,478 · program services $122,514 · management and general $41,964

  • 7 · Other salaries and wages

    total $15,864 · management and general $15,864

  • 8 · Pension plan contributions

    total $19,690 · program services $19,690

  • 10 · Payroll taxes

    total $16,353 · program services $14,227 · management and general $2,126

  • 11b · Fees: legal

    total $5,520 · program services $5,520

  • 11c · Fees: accounting

    total $14,325 · program services $12,463 · management and general $1,862

  • 16 · Occupancy

    total $25,080 · program services $21,820 · management and general $3,260

  • 19 · Conferences, conventions and meetings

    total $1,815 · program services $1,579 · management and general $236

  • 22 · Depreciation, depletion and amortization

    total $37 · program services $32 · management and general $5

  • 24a · Other expenses: PER CAPITA TAX

    total $97,713 · program services $97,713

  • 24b · Other expenses: ADMINISTRATIVE FEES

    total $27,000 · program services $27,000

  • 24c · Other expenses: EMPLOYEE BENEFITS

    total $18,272 · program services $15,897 · management and general $2,375

  • 24d · Other expenses: UTILITIES

    total $15,606 · program services $13,577 · management and general $2,029

  • 24e · All other expenses

    total $39,803 · program services $35,325 · management and general $4,478

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $635,092 · end of year $638,563

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

    $12,824

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

    $12,770

  • 10c · Land, buildings and equipment, net

    beginning of year $91 · end of year $54

  • 11 · Investments: publicly traded securities

    beginning of year $125,491 · end of year $108,883

  • 15 · Other assets

    beginning of year $3,528 · end of year $3,428

  • 25 · Other liabilities

    beginning of year $13,408 · end of year $4,483

  • 27 · Net assets without donor restrictions

    beginning of year $750,794 · end of year $746,445

Mission and programs · 2024

Mission

THE OBJECTIVE OF THE UNION IS TO CHERISH, PROTECT, AND PROMULGATE THE INTEREST AND RIGHTS OF WORKERS, TO UNITE MORE CLOSELY MEMBERS OF THEIR CALLING; TO ENABLE EFFICIENT WORKERS TO OBTAIN WAGES PROPORTIONATE TO THEIR LABOR; TO ENABLE EMPLOYERS TO OBTAIN THE BEST WORKERS; TO CULTIVATE AND IMPROVE THE SOCIAL TIES EXISTING BETWEEN MEMBERS OF THEIR CRAFT; TO ABOLISH INJURIOUS PRIVILEDGES TO ELEVATE THE STANDING OF THEIR CRAFT; AND TO BRING ALL UNDER CONSTRAINT OF WHOLESOME DUTY.

  • THE OBJECTIVE OF THE UNION IS TO CHERISH, PROTECT, AND PROMULGATE THE INTEREST AND RIGHTS OF WORKERS, TO UNITE MORE CLOSELY MEMBERS OF THEIR CALLING; TO ENABLE EFFICIENT WORKERS TO OBTAIN WAGES PROPORTIONATE TO THEIR LABOR; TO ENABLE EMPLOYERS TO OBTAIN THE BEST WORKERS; TO CULTIVATE AND IMPROVE THE SOCIAL TIES EXISTING BETWEEN MEMBERS OF THEIR CRAFT; TO ABOLISH INJURIOUS PRIVILEDGES TO ELEVATE THE STANDING OF THEIR CRAFT; AND TO BRING ALL UNDER CONSTRAINT OF WHOLESOME DUTY.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Sullivan

    PRESIDENT/BA

    Total calculated
    $113,319
    From this org
    $102,849
    From related orgs
    $0
    Other
    $10,470
    Hours/week
    40

  • Kevin Toomey

    SECRETARY TR

    Total calculated
    $54,462
    From this org
    $52,799
    From related orgs
    $0
    Other
    $1,663
    Hours/week
    24

  • Keith Savage

    VICE PRESIDE

    Total calculated
    $4,123
    From this org
    $4,123
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kerry Clark

    RECORDING SE

    Total calculated
    $2,167
    From this org
    $2,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sean O'Connor

    TRUSTEE

    Total calculated
    $1,540
    From this org
    $1,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Callaghan

    TRUSTEE

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jarrod Medeiros

    TRUSTEE

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.0
Source object
202541359349308854

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