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Nonprofiteer
← INTERNATIONAL BROTHERHOOD OF TEAMSTERS UNION LOCAL 331

Form 990 for tax year 2023

Filed by INTERNATIONAL BROTHERHOOD OF TEAMSTERS UNION LOCAL 331.

Totals

Total revenue
$1,019,626
Total expenses
$1,004,050
Contributions and grants received
$985,807
Grants paid
$0
Program service revenue
$0
Investment income
$17
Other revenue
$33,802
Total assets, end of year
$1,031,386
Total liabilities, end of year
$711,889
Net assets or fund balances, end of year
$319,497
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.

  • 1b · Membership dues

    $985,807

  • 3 · Investment income

    total $17 · excluded $17

  • 6a · Gross rents

    real property $95,866

  • 6b · Less rental expenses

    real property $69,410

  • 6c · Rental income or loss

    real property $26,456

  • 6d · Net rental income or loss

    total $26,456 · related or exempt $26,456

  • 11a · Other revenue: OTHER INCOME

    total $7,346 · related or exempt $7,346

  • 11e · Other revenue, total

    $7,346

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $216,381

  • 7 · Other salaries and wages

    total $49,292

  • 8 · Pension plan contributions

    total $168,926

  • 9 · Other employee benefits

    total $93,337

  • 10 · Payroll taxes

    total $22,525

  • 11b · Fees: legal

    total $18,700

  • 11c · Fees: accounting

    total $8,400

  • 11g · Fees: other

    total $5,620

  • 13 · Office expenses

    total $23,583

  • 14 · Information technology

    total $5,560

  • 17 · Travel

    total $31,558

  • 19 · Conferences, conventions and meetings

    total $5,404

  • 20 · Interest

    total $29,789

  • 21 · Payments to affiliates

    total $212,463

  • 22 · Depreciation, depletion and amortization

    total $49,390

  • 23 · Insurance

    total $16,171

  • 24a · Other expenses: DONATIONS

    total $21,126

  • 24b · Other expenses: SOCIAL EVENTS

    total $11,727

  • 24c · Other expenses: TELEPHONE

    total $7,753

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $6,345

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $148,709 · end of year $174,235

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

    $1,774,265

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

    $917,114

  • 10c · Land, buildings and equipment, net

    beginning of year $893,979 · end of year $857,151

  • 23 · Secured mortgages and notes payable

    beginning of year $732,245 · end of year $707,593

  • 25 · Other liabilities

    beginning of year $4,296 · end of year $4,296

  • 27 · Net assets without donor restrictions

    beginning of year $306,147 · end of year $319,497

Mission and programs · 2023

Mission

LABOR UNION

  • LABOR UNION TO ORGANIZE WORKERS TO SECURE BETTER WAGES, WORKING CONDITIONS AND BENEFITS THROUGH COLLECTIVE BARGAINING AGREEMENTS.

As filed on the 2023 return.

Listed in Part VII

  • MARCUS W KING

    PRESIDENT

    Total calculated
    $205,182
    From this org
    $118,762
    From related orgs
    $0
    Other
    $86,420
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $118,762
    Bonus
    $0
    Other
    $0
    Deferred
    $54,925
    Nontaxable benefits
    $31,495
    Filer's total
    $205,182

  • ABIMAEL ORTIZ

    SECRETARY TREASURER

    Total calculated
    $151,997
    From this org
    $77,992
    From related orgs
    $0
    Other
    $74,005
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $77,992
    Bonus
    $0
    Other
    $0
    Deferred
    $46,987
    Nontaxable benefits
    $27,018
    Filer's total
    $151,997

  • ERICA N RASSMANN

    VICE PRESIDENT

    Total calculated
    $42,512
    From this org
    $12,320
    From related orgs
    $30,192
    Other
    $0
    Hours/week
    2

  • SHARON E WOODARD

    RECORDING SECRETARY

    Total calculated
    $241
    From this org
    $241
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • KENT MCFARLAND

    TRUSTEE

    Total calculated
    $1,813
    From this org
    $1,813
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JOHN D SHOWELL JR

    TRUSTEE

    Total calculated
    $3,027
    From this org
    $3,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • STEPHEN DALBOW

    TRUSTEE

    Total calculated
    $2,226
    From this org
    $2,226
    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

  • 3 · Approval by the board or compensation committee

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.

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
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202401349349305795

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