Form 990 for tax year 2023
Filed by INTERNATIONAL BROTHERHOOD OF TEAMSTERS.
Totals
- Total revenue
- $10,964,540
- Total expenses
- $2,921,499
- Contributions and grants received
- $0
- Grants paid
- $47,747
- Program service revenue
- $2,052,962
- Investment income
- $8,892,961
- Other revenue
- $18,617
- Total assets, end of year
- $9,342,745
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $9,342,745
- 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: MEMBERSHIP DUES
total $1,929,392 · related or exempt $1,929,392
-
2b · Program service revenue: INITIATION FEES
total $114,693 · related or exempt $114,693
-
2c · Program service revenue: ASSESSMENTS
total $8,877 · related or exempt $8,877
-
3 · Investment income
total $201,028 · excluded $201,028
-
6a · Gross rents
real property $30,704
-
6b · Less rental expenses
real property $33,459
-
6c · Rental income or loss
real property -$2,755
-
6d · Net rental income or loss
total -$2,755 · excluded -$2,755
-
7a · Gross sales of assets other than inventory
other assets $8,852,842
-
7b · Less cost or other basis and sales expenses
other assets $160,909
-
7c · Gain or loss
other assets $8,691,933
-
7d · Net gain or loss
total $8,691,933 · related or exempt $8,691,933
-
11a · Other revenue: MISCELLANEOUS
total $21,372 · related or exempt $21,372
-
11e · Other revenue, total
$21,372
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $47,747
-
5 · Compensation of officers, directors and key employees
total $964,429
-
7 · Other salaries and wages
total $259,879
-
8 · Pension plan contributions
total $119,004
-
9 · Other employee benefits
total $59,094
-
10 · Payroll taxes
total $77,483
-
11b · Fees: legal
total $390,869
-
11c · Fees: accounting
total $46,000
-
13 · Office expenses
total $89,211
-
16 · Occupancy
total $153,975
-
17 · Travel
total $28,981
-
19 · Conferences, conventions and meetings
total $10,908
-
21 · Payments to affiliates
total $607,221
-
23 · Insurance
total $15,328
-
24a · Other expenses: EQUIPMENT LEASING AND M
total $51,054
-
24b · Other expenses: ELECTION EXPENSES
total $316
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $798,958 · end of year $310,612
-
2 · Savings and temporary cash investments
beginning of year $340,000 · end of year $2,390,000
-
10a · Land, buildings and equipment: cost or other basis
$11,294
-
10b · Land, buildings and equipment: accumulated depreciation
$11,294
-
10c · Land, buildings and equipment, net
beginning of year $156,196 · end of year $0
-
11 · Investments: publicly traded securities
end of year $6,637,583
-
15 · Other assets
beginning of year $4,550 · end of year $4,550
-
27 · Net assets without donor restrictions
beginning of year $1,299,704 · end of year $9,342,745
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
-
Demos P DemopoulosDEMOS P DEMOPOULOS
SECRETARY-TREASURER
- Total calculated
- $276,610
- From this org
- $225,106
- From related orgs
- $0
- Other
- $51,504
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $206,066
- Bonus
- $0
- Other
- $19,040
- Deferred
- $29,606
- Nontaxable benefits
- $21,898
- Filer's total
- $276,610
-
Anthony StorzANTHONY STORZ
PRESIDENT
- Total calculated
- $245,295
- From this org
- $188,014
- From related orgs
- $0
- Other
- $57,281
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,494
- Bonus
- $0
- Other
- $18,520
- Deferred
- $36,696
- Nontaxable benefits
- $20,585
- Filer's total
- $245,295
-
Ralph BlasiRALPH BLASI
REC. SECRETARY
- Total calculated
- $222,461
- From this org
- $171,607
- From related orgs
- $0
- Other
- $50,854
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,567
- Bonus
- $0
- Other
- $19,040
- Deferred
- $28,956
- Nontaxable benefits
- $21,898
- Filer's total
- $222,461
-
Frank V FicoFRANK V FICO
VICE PRESIDENT
- Total calculated
- $14,942
- From this org
- $14,942
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Stephen MaloneSTEPHEN MALONE
VICE PRESIDENT
- Total calculated
- $28,534
- From this org
- $23,083
- From related orgs
- $0
- Other
- $5,451
- Hours/week
- 40
-
Elgervian Daniels JrELGERVIAN DANIELS JR
TRUSTEE
- Total calculated
- $153,431
- From this org
- $117,900
- From related orgs
- $0
- Other
- $35,531
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $103,360
- Bonus
- $0
- Other
- $14,540
- Deferred
- $19,256
- Nontaxable benefits
- $16,275
- Filer's total
- $153,431
-
Joseph FisherJOSEPH FISHER
TRUSTEE
- Total calculated
- $14,261
- From this org
- $14,261
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Louis PelusoLOUIS PELUSO
TRUSTEE
- Total calculated
- $8,897
- From this org
- $8,897
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
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
-
TEAMSTERS SCHOLARSHIP FUND
$10,000
TO PROVIDE SCHOLARSHIPS TO CHILDREN OF IBT MEMBERS
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.
-
INTERNATIONAL BROTHERHOOD OF TEAMSTERS
501(C)(5) · INTERNATIONAL UNION · DC
-
32-43 49TH STREET HOLDING CORP
501(C)(2) · HOLDING CORP. FOR PROPERTY · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 March 2024
- IRS schema version
- 2023v5.0
- Source object
- 202410879349300306
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