Overview
What is Teamsters 3001 Building Corporation?
Teamsters 3001 Building Corporation is a nonprofit organization with a primary purpose of managing real estate properties. They hold title to various properties, generate income from these properties, and then distribute the net income, after deducting expenses, to their member organizations. These member organizations are all tax-exempt entities and share a common affiliation with the International Brotherhood of Teamsters. The Corporation's mission is centered around property management, aiming to generate income and distribute it to its related, tax-exempt members.
Is Teamsters 3001 Building Corporation legitimate?
Teamsters 3001 Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Teamsters 3001 Building Corporation 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: $14,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,056
For more financial information, click here
What is the mission statement of Teamsters 3001 Building Corporation?
Teamsters 3001 Building Corporation's primary mission is to manage property and generate income from it. This income is then distributed to its member organizations, all of which are tax-exempt and are affiliated with the International Brotherhood of Teamsters. The corporation's role is to hold the title to the property and oversee its income collection, retaining only the expenses incurred during this process. The remaining income is then passed on to its member organizations. This mission is designed to support the operations of these affiliated organizations, which are all related to the international brotherhood.
Who is the CEO of Teamsters 3001 Building Corporation?
Paul Mccullen is the President of Teamsters 3001 Building Corporation.
What is the revenue of Teamsters 3001 Building Corporation?
Teamsters 3001 Building Corporation's revenue in 2022 was $484,738.
Who are the executives of Teamsters 3001 Building Corporation and what are their salaries?
The average compensation at Teamsters 3001 Building Corporation during 2022 was $12,909. There are 6 employees at Teamsters 3001 Building Corporation.
Here are 5 key members and their salaries:
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $700
- Related: $0
- Other: $0
- Compensation: $4,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Teamsters 3001 Building Corporation?
Teamsters 3001 Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters 3001 Building Corporation
Teamsters 3001 Building Corporation is a mission-driven entity that primarily focuses on property management. Its objective is to hold title to various properties, generate income from these properties, and subsequently distribute the net income, after deducting expenditures, to its member organizations. These member organizations are all tax-exempt entities and share a common affiliation with the International Brotherhood of Teamsters. By fulfilling this role, Teamsters 3001 Building Corporation effectively supports its affiliated organizations financially, enabling them to continue their respective missions.
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Impact
October, 2024
Teamsters 3001 Building Corporation plays a significant role in the local community by managing and holding title to properties that generate income for its members. This income is pivotal as it supports tax-exempt organizations affiliated with the International Brotherhood of Teamsters, fostering collaboration and mutual support among these entities. By effectively collecting and redistributing funds, the Corporation strengthens the financial stability of its member organizations, enabling them to better serve their constituents and engage in community improvement initiatives. Its operations contribute to the overall economic health of the Minneapolis area while promoting solidarity within the labor movement.
This information is meant to be a general summary of Teamsters 3001 Building Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $728
- Program Service Revenue: $469,061
- Gross Receipts: $484,738
Assets and Liabilities:
- Total Assets: $655,639
- Total Liabilities: $13,791
- Net Assets: $641,848
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$365,595
SPECIAL ASSESSMENT
Revenue
$66,796
PARKING
Revenue
$23,520
STORAGE
Revenue
$13,150
Organization Details
Founding Year
1993
Phone
(612) 331-2200Principal Officer
Paul Mccullen
Main Address
3001 UNIVERSITY AVENUE SE, MINNEAPOLIS, MN, 55414
NTEE Category
Code: S47 - Community improvement
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