International Brotherhood of Teamsters

“The organization has approximately 3,700 memebers.”

“The members of the organization vote to elect all members of the governing board.”

“The decisions of the governing body subject to approval by members of the organization include: the creation and termination of deeds, mortgages, trust agreements and negotiable instruments, the sale or purchase of real estate or other property in excess of $10,000, the disbursement of reasonable amounts, not to exceed, $2,500 for charitable activities. While not all decisions of the governing board are subject to the approval by the members the by-laws are approved and voted on by the membership and all financial statements are reveiwed monthly at regular board meetings.”

“The form 990 is reviewed by the president and the secretary/treasurer of the local. A copy of the 990 is also circulated to the executive board.”

“The organization requires any person serving as an officer, employee, or member of the board of directors to complete, on an annual basis, a disclosure identifying any potential circumstances that could contribute to a conflict of interest. The policy is reviewed annually and the organization ensures that all responsible individuals are in compliance.”

“All officers are elected to their respective positions by the general membership of the teamsters local no. 340. These general elections are held every three years unless a special election is agreed to by the general membership. The compensation of each officer and business agent is determined by the by-laws of the local and not by any one individual.”

“The executive board of teamsters local union no. 340 meets on a monthly basis to review the financial activity of the local union and to discuss matters relative to the general membership. The secretary/treasurer reports to the general membership of the local union on a regular basis the financial status of the local union as required by the local union's by-laws and the international brotherhood of teamsters international constitution. The local union makes available to its general membership, upon request for review, any governing document or policy as required by its by-laws, the u.s. Department of labor and the internal revenue service.”

“Reportable compensation for certain trustees include lost time wages. Lost time wages paid are consistent with union policy to reimburse members for time spent on union business that requires them to miss time at their employer. Lost time wages paid in 2023 to board members was $215 to michael vaughan and $4,688 to james york.”