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Nonprofiteer
← TEAMSTERS NATIONAL PIPE LINE TRAINING FUND

Form 990 for tax year 2022

Filed by TEAMSTERS NATIONAL PIPE LINE TRAINING FUND.

Totals

Total revenue
$795,652
Total expenses
$831,650
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$276,222
Investment income
$519,430
Other revenue
$0
Total assets, end of year
$9,785,564
Total liabilities, end of year
$32,578
Net assets or fund balances, end of year
$9,752,986
Program services expenses (Part IX)
$232,484
Management and general expenses
$599,166
Fundraising expenses
$0
Program service expenses (Part III)
$232,484

Program services were 28.0% 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: EMPLOYER CONTRIBUTIONS

    total $276,222 · related or exempt $276,222

  • 3 · Investment income

    total $226,813 · excluded $226,813

  • 7a · Gross sales of assets other than inventory

    securities $1,107,592

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

    securities $814,975

  • 7c · Gain or loss

    securities $292,617

  • 7d · Net gain or loss

    total $292,617 · excluded $292,617

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $232,484 · program services $232,484

  • 7 · Other salaries and wages

    total $290,068 · management and general $290,068

  • 8 · Pension plan contributions

    total $40,320 · management and general $40,320

  • 9 · Other employee benefits

    total $36,392 · management and general $36,392

  • 10 · Payroll taxes

    total $4,185 · management and general $4,185

  • 11a · Fees: management

    total $53,797 · management and general $53,797

  • 11b · Fees: legal

    total $2,418 · management and general $2,418

  • 11c · Fees: accounting

    total $19,201 · management and general $19,201

  • 11f · Fees: investment management

    total $27,758 · management and general $27,758

  • 13 · Office expenses

    total $10,866 · management and general $10,866

  • 17 · Travel

    total $2,948 · management and general $2,948

  • 19 · Conferences, conventions and meetings

    total $12,309 · management and general $12,309

  • 23 · Insurance

    total $60,079 · management and general $60,079

  • 24a · Other expenses: ADMIN. PAYROLL REIMB.

    total $38,825 · management and general $38,825

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $591,757 · end of year $342,018

  • 4 · Accounts receivable

    beginning of year $28,082 · end of year $30,019

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

    $2,136

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

    $2,136

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $9,499,246 · end of year $9,373,461

  • 15 · Other assets

    beginning of year $17,475 · end of year $40,066

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,713 · end of year $32,578

  • 29 · Capital stock, trust principal or current funds

    beginning of year $10,112,847 · end of year $9,752,986

  • 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 $0 · end of year $0

Mission and programs · 2022

Mission

TO OPERATE AS A TRUST TO DEFRAY EXPENSES FOR DEVELOPING AND IMPROVING THE PROFICIENCY AND SKILLS OF DRIVERS THROUGH THE DEVELOPEMENT OR PROVISIONS OF UPGRADING AND APPRENTICESHIP PROGRAMS, SAFETY TRAINING AND OTHER TRAINING RELATED PROGRAMS AND RECEIVES CONTRIBUTIONS FROM PARTICIPATING EMPLOYERS SUBJECT TO COLLECTIVELY BARGAINED AGREEMENTS WITH THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS (THE UNION).

Activities or mission (Part I)

THE ORGANIZATION WAS CREATED UNDER SEC. 302(C)(6) BY THE INTERNATIONALBROTHERHOOD OF TEAMSTERS AND THE PIPE LINE CONTRACTORS ASSOCIATION TOESTABLISH AND PROVIDE VOCATIONAL TRAINING AND EDUCATIONAL RETRAININGPROGRAMS.

  • TRAINING AND EDUCATING MEMBERS.

    Expenses $232,484 · Revenue $276,222

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dustin Mykyte

    CO-CHAIRMAN - EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Nunnenkamp

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marion D Davis

    CO-CHAIRMAN - UNION (P)

    Total calculated
    $0
    Hours/week
    1

  • David Laborde

    UNION TRUSTEE (P)

    Total calculated
    $0
    Hours/week
    1

  • Josh Ramsey

    EMPLOYER TRUSTEE (P)

    Total calculated
    $0
    Hours/week
    1

  • Tom Gesualdi

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeff Cooper

    CO-CHAIRMAN - UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rick Bauer

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sean O'Brien

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Roy Laborde

    TRAINING DIRECTOR

    Total calculated
    $183,721
    From this org
    $153,110
    From related orgs
    $0
    Other
    $30,611
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $153,110
    Bonus
    $0
    Other
    $0
    Deferred
    $18,480
    Nontaxable benefits
    $12,131
    Filer's total
    $183,721

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
14 March 2024
IRS schema version
2022v5.0
Source object
202440749349300334

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