Form 990 for tax year 2023
Filed by INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION 677.
Totals
- Total revenue
- $133,619
- Total expenses
- $166,913
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $124,122
- Other revenue
- $9,497
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- 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.
-
7a · Gross sales of assets other than inventory
other assets $150,000
-
7b · Less cost or other basis and sales expenses
other assets $25,878
-
7c · Gain or loss
other assets $124,122
-
7d · Net gain or loss
total $124,122 · related or exempt $124,122
-
11a · Other revenue: REFUNDS/REIMBURSEMENTS
total $9,497 · related or exempt $9,497
-
11e · Other revenue, total
$9,497
Functional expenses
Part IX, the statement of functional expenses.
-
8 · Pension plan contributions
total $126,871
-
11b · Fees: legal
total $13,253
-
11c · Fees: accounting
total $21,950
-
11g · Fees: other
total $300
-
13 · Office expenses
total $2,747
-
16 · Occupancy
total $1,792
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $247,722 · end of year $0
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $25,878 · end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $273,600 · end of year $0
Mission and programs · 2023
Mission
THE UNION CEASED SERVING MEMBERS AS OF OCTOBER 1, 2022 AND ONLY REMAINED OPEN TO FACILITATE ADMINISTRATIVE DUTIES IN DISSOLUTION.
Activities or mission (Part I)
LABOR UNION
-
THE UNION CEASED SERVING MEMBERS AS OF OCTOBER 1, 2022 AND ONLY REMAINED OPEN TO FACILITATE ADMINISTRATIVE DUTIES IN DISSOLUTION.
As filed on the 2023 return.
Listed in Part VII
-
John MurphyJOHN MURPHY
TRUSTEE
- Total calculated
- $175,000
- From this org
- $0
- From related orgs
- $175,000
- Other
- $0
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $175,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $175,000 related
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION DID NOT PAY COMPENSATION DURING THE YEAR. TRUSTEE EARNS A SALARY PAID BY A RELATED PARTY (IBT) FOR HIS ROLE IN THE ORGANIZATION AS TRADE DIVISION DIRECTOR.
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.
-
501C 9 · PAYMENT OF HEALTH & WELFARE BENEFITS FOR MEMBERS · CT
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
Liquidation · TRANSFER OF ACCUMULATED DUES INCOME TO AFFILIATE · Feb 9, 2023 · 501(C)(5)
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412419349300211
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