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Teamsters Local 120 Building Holding Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261159512 ✦ Blaine, MN ✦ Designated as a 501(c)(2)

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Overview

What is Teamsters Local 120 Building Holding Company?

Teamsters Local 120 Building Holding Company is a nonprofit entity situated in Blaine, Minnesota. Its primary function involves owning and managing an office building, operating as a real estate organization. This organization's main objective is to hold the title to this property, contributing to the local real estate sector.

Is Teamsters Local 120 Building Holding Company legitimate?

Teamsters Local 120 Building Holding Company is a legitimate nonprofit organization registered as a 501(c)(2) entity. Teamsters Local 120 Building Holding Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Teamsters Local 120 Building Holding Company?

Teamsters Local 120 Building Holding Company serves as a real estate organization by holding the title to an office building. Its primary role involves managing and maintaining the property. Although the company does not have a publicly declared mission statement, based on its activity, it can be inferred that its mission is to manage and maintain the office building effectively, ensuring the satisfaction of its tenants and contributing positively to the local real estate market. The company may also be involved in other related real estate activities, such as property development or rental management, although this information is not provided.

Who is the CEO of Teamsters Local 120 Building Holding Company?

Tom Erickson is the Secretary-Treasurer of Teamsters Local 120 Building Holding Company.

What is the revenue of Teamsters Local 120 Building Holding Company?

Teamsters Local 120 Building Holding Company's revenue in 2022 was $377,376.

Who are the executives of Teamsters Local 120 Building Holding Company and what are their salaries?


Here are 14 key members and their salaries:


William Wedebrand (Secretary-Treasurer)
  • Compensation: $0
  • Related: $149,860
  • Other: $62,148
Tom Erickson (President)
  • Compensation: $0
  • Related: $148,999
  • Other: $62,148
James Heeren (Business Agent)
  • Compensation: $0
  • Related: $141,967
  • Other: $62,148
Chris Riley (Recording Secretary/Bus. Agent)
  • Compensation: $0
  • Related: $139,583
  • Other: $62,148
Kevin Saylor (Business Agent)
  • Compensation: $0
  • Related: $138,357
  • Other: $62,148
Richard Fredrick (Business Agent)
  • Compensation: $0
  • Related: $137,593
  • Other: $62,148
Tyler Barrett (Business Agent)
  • Compensation: $0
  • Related: $136,602
  • Other: $62,148
John Klootwyk (Business Agent)
  • Compensation: $0
  • Related: $135,639
  • Other: $62,148
Grant Bendix (Vice President/Bus. Agent)
  • Compensation: $0
  • Related: $132,926
  • Other: $62,148
Karlan Bean (Trustee - Past)
  • Compensation: $0
  • Related: $122,967
  • Other: $62,148
Ladell Roberts (Trustee)
  • Compensation: $0
  • Related: $101,154
  • Other: $0
Wayne Perleberg (Vice President/Bus. Agent)
  • Compensation: $0
  • Related: $33,028
  • Other: $2,390
Mohamed Kaba (Trustee)
  • Compensation: $0
  • Related: $21,776
  • Other: $0
Craig Walczak (Trustee)
  • Compensation: $0
  • Related: $13,358
  • Other: $0
Where can I find the form 990 for Teamsters Local 120 Building Holding Company?

Teamsters Local 120 Building Holding Company's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Teamsters Local 120 Building Holding Company

Teamsters Local 120 Building Holding Company, as a real estate organization, holds the title to an office building. Its primary function is to manage and maintain this property. While the mission statement is not explicitly provided in the given information, one could infer that the company's mission is to ensure the efficient and effective use of the office building, providing a suitable environment for its tenants or any other intended purpose. This real estate organization likely works towards maintaining the property's value and ensuring its continuous operation, ultimately contributing to the local economy and community.

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Impact




October, 2024

Teamsters Local 120 Building Holding Company plays a significant role in the community by holding title to an office building in Blaine, MN. This organization operates as a real estate entity, contributing to the local economy by providing valuable office space. By ensuring the maintenance and utility of the building, it supports local businesses and fosters an environment conducive to professional growth and collaboration. The presence of this facility not only enhances the aesthetic and functional landscape of Blaine but also promotes community improvement and stability.




This information is meant to be a general summary of Teamsters Local 120 Building Holding Company. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$377,376 (2022)
Expenses
$395,097 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $981
  • Program Service Revenue: $373,800
  • Gross Receipts: $377,376

Assets and Liabilities:

  • Total Assets: $4,954,160
  • Total Liabilities: $1,500
  • Net Assets: $4,952,660

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$373,800

Organization Details

Founding Year

2007

Principal Officer

Tom Erickson

Main Address

9422 ULYSSES ST NE STE 120, BLAINE, MN, 55434

NTEE Category

Code: S47 - Community improvement

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