2024-05-13T15:32:23-05:00 2023-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2023-01-01 210577323 INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION 331 INTE 6096412331 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 082151168 MARCUS W KING PRESIDENT 6096412331 2024-05-13 1 MARCUS KING 999009999 1 PATRICK M TROMBETTA CPA P00450410 9082727000 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MARCUS W KING 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 082151168 1089036 0 X WWW.TEAMSTERS331.ORG X LABOR UNION 1933 NJ LABOR UNION 7 7 13 0 0 0 910631 985807 0 0 19 17 164526 33802 1075176 1019626 0 0 0 0 547330 550461 0 0 0 454960 453589 1002290 1004050 72886 15576 1042688 1031386 736541 711889 306147 319497 LABOR UNION 0 0 LABOR UNION TO ORGANIZE WORKERS TO SECURE BETTER WAGES, WORKING CONDITIONS AND BENEFITS THROUGH COLLECTIVE BARGAINING AGREEMENTS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 0 0 0 1 1 0 X ABIMAEL ORTIZ - SECRETARY TREASURER 6096412331 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 08215 MARCUS W KING PRESIDENT 50.00 X 118762 0 86420 ABIMAEL ORTIZ SECRETARY TREASURER 50.00 X 77992 0 74005 ERICA N RASSMANN VICE PRESIDENT 2.00 X 12320 30192 0 SHARON E WOODARD RECORDING SECRETARY 2.00 X 241 0 0 KENT MCFARLAND TRUSTEE 2.00 X 1813 0 0 JOHN D SHOWELL JR TRUSTEE 2.00 X 3027 0 0 STEPHEN DALBOW TRUSTEE 2.00 X 2226 0 0 216381 30192 160425 1 0 1 0 0 985807 985807 17 17 95866 69410 26456 26456 26456 OTHER INCOME 900099 7346 7346 7346 1019626 33802 0 17 216381 49292 168926 93337 22525 18700 8400 5620 23583 5560 31558 5404 29789 212463 49390 16171 DONATIONS 21126 SOCIAL EVENTS 11727 TELEPHONE 7753 EQUIPMENT RENTAL 6345 1004050 148709 174235 1774265 917114 893979 857151 1042688 1031386 732245 707593 4296 4296 736541 711889 X 306147 319497 306147 319497 1042688 1031386 15576 -2226 0 X X 0 1 X 1 0 1 1 0 25000 25000 534100 271295 262805 1125599 561792 563807 65706 62553 3153 23860 21474 2386 857151 SECURITY DEPOSITS 4296 4296 X 1089036 69410 69410 1019626 0 1019626 1073460 69410 69410 1004050 0 1004050 PART X, LINE 2: THE UNION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(5). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. AS OF DECEMBER 31, 2023. 2022 AND 2021, THERE WERE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNION FILES AN ANNUAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, WITH THE INTERNAL REVENUE SERVICE (IRS). AT DECEMBER 31, 2023, THE UNION'S FORMS 990 FOR THE YEARS 2020 THROUGH 2023 REMAIN ELIGIBLE FOR EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 69,410. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 69,410. X 0 0 0 MARCUS W KING PRESIDENT 118762 0 0 0 0 0 54925 0 31495 0 205182 0 0 0 ABIMAEL ORTIZ SECRETARY TREASURER 77992 0 0 0 0 0 46987 0 27018 0 151997 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS: THE LOCAL UNION IS A MEMBERSHIP ORGANIZATION. MEMBERSHIP IS DESCRIBED IN THE LOCAL UNION'S BY-LAWS WHICH ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS & THEIR RIGHTS: AS A LOCAL UNION THERE ARE PERIODIC ELECTIONS THAT ALL QUALIFIED MEMBERS OF THE LOCAL UNION CAN PARTICIPATE IN. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: THE COMPLETED FORM 990 IS RETURNED TO THE LOCAL UNION'S PRESIDENT WHO MAKES IT AVAILABLE TO OTHER BOARD MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINE 15(A) - COMPENSATION PROCESS FOR TOP OFFICIAL: THE EXECUTIVE BOARD REVIEW PAY SCALES AND BENEFIT PACKAGES FOR ALL STAFF AT EXECUTIVE BOARD MEETINGS WITH WRITTEN MINUTES AS SUBSTANTIATION OF ACTIONS TAKEN. FORM 990, PART VI, LINE 15(B) - COMPENSATION PROCESS FOR OFFICERS: THE EXECUTIVE BOARD REVIEW PAY SCALES AND BENEFIT PACKAGES FOR ALL STAFF AT EXECUTIVE BOARD MEETINGS WITH WRITTEN MINUTES AS SUBSTANTIATION OF ACTIONS TAKEN. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: COPIES OF THE LOCAL UNION'S BY-LAWS ARE PROVIDED TO ALL MEMBERS OF THE LOCAL UNION. A TRUSTEES REPORT SUMMARIZING THE MONTHLY REVENUES AND EXPENDITURES ARE REVIEWED AT MONTHLY UNION MEETINGS. THE TRUSTEES REPORT IS ALSO FILED WITH THE PARENT ORGANIZATION, THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS. FORM 990, PART XI, LINE 1 THE LOCAL UNION PREPARED ITS FINANCIAL STATEMENTS ON THE MODIFIED CASH BASIS, AN OTHER COMPREHENSIVE BASIS OF ACCOUNTING FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN EXECUTIVE BOARD THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT ACCOUNTANTS. THE PROCESS HAS CHANGED FROM PREVIOUS YEARS. TEAMSTERS LOCAL UNION 331 SEVERANCE TRUST FUND 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 082151168 236737793 TO PROVIDE SEVERANCE BENEFITS TO PARTICIPANTS NJ 401(A) N/A 0 TEAMSTERS LOCAL UNION 331 HEALTH & WELFARE TRUST FUND 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 082151168 236737795 TO PROVIDE BENEFITS TO UNION MEMBERS NJ 501(C)(5) N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 TEAMSTERS LOCAL UNION 331 SEVERANCE TRUST FUND K 46659 RENTAL AGREEMENT TEAMSTERS LOCAL UNION 331 HEALTH & WELFARE TRUST FUND K 13757 RENTAL AGREEMENT