2026-08-18T18:17:38-05:00 2025-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2025-01-01 210577323 INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION 331 INTE 6096412331 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 082151168 ERICA N RASSMANN SECRETARY TREASURER 6096412331 2026-08-18 1 PATRICK M TROMBETTA CPA P00450410 9082727000 2025 2025-03-06 01:10:19Z ERICA N RASSMANN 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 082151168 1232313 0 X WWW.TEAMSTERS331.ORG X LABOR UNION 1933 NJ LABOR UNION 7 7 15 0 0 0 988259 1133156 0 0 30 21 20442 21970 1008731 1155147 0 0 0 0 606425 486532 0 0 0 471652 494894 1078077 981426 -69346 173721 956208 1156880 706057 733008 250151 423872 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 2 0 1 15 1 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 ERICA N RASSMANN SECRETARY TREASURER 6096412331 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 08215 ABIMAEL ORTIZ PRESIDENT 50.00 0.00 X 94616 0 87218 ERICA N RASSMANN SECRETARY TREASURER 50.00 25.00 X 79591 31286 82518 STEPHEN DALBOW VICE PRESIDENT 2.00 0.00 X 5534 0 0 SHARON E WOODARD FORMER RECORDING SECRETARY 2.00 0.00 X 11198 0 0 AUTUMN M VASQUEZ RECORDING SECRETARY 2.00 0.00 X 614 0 0 JOHN D SHOWELL JR TRUSTEE 2.00 0.00 X 3823 0 0 ANTHONY SAUSTO TRUSTEE 2.00 0.00 X 2534 0 0 BRIAN LYONS TRUSTEE/BUSINESS AGENT 2.00 0.00 X 22337 0 19404 220247 31286 189140 0 0 1 0 INTERNATIONAL BROTHERHOOD OF TEAMSTERS 25 LOUISIANA AVE NW WASHINGTON DC 20001 PER CAPITA ASSESSMENTS 207614 1 1133156 1133156 21 21 82570 77166 5404 5404 5404 OTHER INCOME 900099 16566 16566 16566 1155147 21970 0 21 220247 57596 114242 65903 28544 14400 15450 6883 14858 8440 24710 6924 32449 236869 74091 29222 SOCIAL FUND 14230 DONATIONS 6080 EQUIPMENT RENTAL 5996 TELEPHONE 4292 981426 110501 198973 1962413 1004506 845707 957907 956208 1156880 701761 728712 4296 4296 706057 733008 X 250151 423872 250151 423872 956208 1156880 173721 0 X X 0 1 X 1 0 1 1 0 25000 25000 534100 298685 235415 1252830 639493 613337 54653 50519 4134 95830 15809 80021 957907 SECURITY DEPOSITS 4296 4296 X 1232313 77166 77166 1155147 0 1155147 1058592 77166 77166 981426 0 981426 PART X, LINE 2: THE LOCAL IS A NONPROFIT ORGANIZATION AND HAS OBTAINED ITS DETERMINATION LETTER, IN WHICH THE INTERNAL REVENUE SERVICE ("IRS") STATES THAT THE LOCAL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE LOCAL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE LOCAL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE LOCAL HAS FILED INTERNAL REVENUE SERVICE (IRS) FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AS REQUIRED. CURRENTLY, THE 2022 TO 2025 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE IRS. HOWEVER, THE LOCAL IS NOT CURRENTLY UNDER AUDIT NOR HAS LOCAL BEEN CONTACTED BY ANY OF THE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 77,166. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 77,166. X 0 0 0 ERICA N RASSMANN SECRETARY TREASURER 79591 31286 0 0 0 0 52411 0 30107 0 162109 31286 0 0 ABIMAEL ORTIZ PRESIDENT 94616 0 0 0 0 0 55416 0 31802 0 181834 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS: THE ORGANIZATION IS A LOCAL LABOR UNION AND MEMBERSHIP ORGANIZATION. MEMBERSHIP IS GOVERNED BY THE LOCAL UNION'S BYLAWS, WHICH ESTABLISH THE QUALIFICATIONS, RIGHTS, AND RESPONSIBILITIES OF MEMBERS AND ARE AVAILABLE UPON REQUEST. THE ORGANIZATION HAS 1,350 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS & THEIR RIGHTS: AS A LOCAL UNION, THE ORGANIZATION CONDUCTS PERIODIC ELECTIONS, ALLOWING ALL QUALIFIED MEMBERS TO EXERCISE THEIR RIGHT TO VOTE AND PARTICIPATE IN THE ELECTION. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: A COPY OF THE COMPLETED FORM 990 IS PROVIDED TO THE LOCAL UNION'S PRESIDENT WHO MAKES IT AVAILABLE TO MEMBERS OF THE GOVERNING BODY 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 REVIEWS AND APPROVES THE COMPENSATION, INCLUDING SALARY AND BENEFITS, OF THE ORGANIZATION'S TOP OFFICIAL. COMPENSATION IS REVIEWED PERIODICALLY AT EXECUTIVE BOARD MEETINGS, AND THE ACTIONS TAKEN ARE DOCUMENTED IN CONTEMPORANEOUS WRITTEN MEETING MINUTES. FORM 990, PART VI, LINE 15(B) - COMPENSATION PROCESS FOR OFFICERS: THE EXECUTIVE BOARD REVIEWS AND APPROVES THE COMPENSATION, INCLUDING SALARY AND BENEFITS, OF THE ORGANIZATION'S OFFICERS. COMPENSATION IS REVIEWED PERIODICALLY AT EXECUTIVE BOARD MEETINGS, AND THE ACTIONS TAKEN ARE DOCUMENTED IN CONTEMPORANEOUS WRITTEN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: COPIES OF THE LOCAL UNION'S BYLAWS ARE PROVIDED TO ALL MEMBERS. IN ADDITION, A TRUSTEES' REPORT SUMMARIZING THE LOCAL UNION'S MONTHLY REVENUES AND EXPENDITURES IS PRESENTED AND REVIEWED AT MONTHLY UNION MEETINGS. THE TRUSTEES' REPORT IS ALSO SUBMITTED TO THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS, THE LOCAL UNION'S PARENT ORGANIZATION. FORM 990, PART XI, LINE 1 THE LOCAL UNION PREPARES ITS FINANCIAL STATEMENTS USING THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS 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 NOT CHANGED FROM THE PRIOR YEAR. 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 1 0 0 0 0 0 0 0 0 0 TEAMSTERS LOCAL UNION 331 HEALTH & WELFARE TRUST FUND J 15580 RENTAL AGREEMENT TEAMSTERS LOCAL UNION 331 SEVERANCE TRUST FUND J 52844 RENTAL AGREEMENT