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Nonprofiteer
← INTERNATIONAL BROTHERHOOD OF TEAMSTERS

Form 990 for tax year 2023

Filed by INTERNATIONAL BROTHERHOOD OF TEAMSTERS.

Totals

Total revenue
$526,127
Total expenses
$571,302
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$472,065
Investment income
$26,217
Other revenue
$27,845
Total assets, end of year
$764,202
Total liabilities, end of year
$13,408
Net assets or fund balances, end of year
$750,794
Program services expenses (Part IX)
$449,442
Management and general expenses
$121,860
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 78.7% 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 $438,850 · related or exempt $438,850

  • 2b · Program service revenue: PENSION CONTRIBUTIONS

    total $20,721 · related or exempt $20,721

  • 2c · Program service revenue: INITIATION FEES

    total $6,846 · related or exempt $6,846

  • 2d · Program service revenue: REFERRAL FEES

    total $3,005 · related or exempt $3,005

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

    total $2,643 · related or exempt $2,643

  • 3 · Investment income

    total $24,370 · related or exempt $24,370

  • 7a · Gross sales of assets other than inventory

    securities $98,679

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

    securities $96,832

  • 7c · Gain or loss

    securities $1,847

  • 7d · Net gain or loss

    total $1,847 · related or exempt $1,847

  • 11a · Other revenue: OTHER REIMBURSEMENTS- FUNDS

    total $24,750 · related or exempt $24,750

  • 11b · Other revenue: OTHER INCOME

    total $2,101 · related or exempt $2,101

  • 11c · Other revenue: OTHER REIMBURSEMENTS

    total $994 · related or exempt $994

  • 11e · Other revenue, total

    $27,845

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $135,212 · program services $135,212

  • 5 · Compensation of officers, directors and key employees

    total $161,164 · program services $84,221 · management and general $76,943

  • 6 · Compensation of disqualified persons

    total $22,066 · program services $8,275 · management and general $13,791

  • 7 · Other salaries and wages

    total $922 · program services $922

  • 8 · Pension plan contributions

    total $18,691 · program services $11,193 · management and general $7,498

  • 10 · Payroll taxes

    total $15,667 · program services $12,289 · management and general $3,378

  • 11b · Fees: legal

    total $200 · program services $157 · management and general $43

  • 11c · Fees: accounting

    total $15,975 · program services $12,530 · management and general $3,445

  • 16 · Occupancy

    total $24,412 · program services $19,148 · management and general $5,264

  • 19 · Conferences, conventions and meetings

    total $3,641 · program services $2,856 · management and general $785

  • 20 · Interest

    total $198 · program services $155 · management and general $43

  • 22 · Depreciation, depletion and amortization

    total $481 · program services $377 · management and general $104

  • 24a · Other expenses: PER CAPITA TAX

    total $93,910 · program services $93,910

  • 24b · Other expenses: ADMINISTRATIVE FEES

    total $24,750 · program services $24,750

  • 24c · Other expenses: UTILITIES

    total $16,142 · program services $12,661 · management and general $3,481

  • 24d · Other expenses: BUSINESS AGENTS EXPENSE

    total $13,741 · program services $10,778 · management and general $2,963

  • 24e · All other expenses

    total $24,130 · program services $20,008 · management and general $4,122

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $754,148 · end of year $635,092

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

    $12,824

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

    $12,733

  • 10c · Land, buildings and equipment, net

    end of year $91

  • 11 · Investments: publicly traded securities

    beginning of year $189,437 · end of year $125,491

  • 15 · Other assets

    beginning of year $1,658 · end of year $3,528

  • 25 · Other liabilities

    beginning of year $152,924 · end of year $13,408

  • 27 · Net assets without donor restrictions

    beginning of year $792,319 · end of year $750,794

Mission and programs · 2023

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

Listed in Part VII

  • Stephen Sullivan

    PRESIDENT/BA

    Total calculated
    $100,060
    From this org
    $100,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kevin Toomey

    SECRETARY TR

    Total calculated
    $52,742
    From this org
    $52,742
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Mary White

    BUSINESS AGE

    Total calculated
    $22,066
    From this org
    $22,066
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $22,066
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $22,066

  • Keith Savage

    VICE PRESIDE

    Total calculated
    $3,767
    From this org
    $3,767
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James Gallagher

    RECORDING SE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Callaghan

    TRUSTEE

    Total calculated
    $837
    From this org
    $837
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sean O'Connor

    TRUSTEE

    Total calculated
    $837
    From this org
    $837
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kerry Clark

    TRUSTEE

    Total calculated
    $821
    From this org
    $821
    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. 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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202401389349300310

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