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Union Facts

Teamsters, Local 706

Basic Information

Local 706

Quick Facts

Address

TEAMSTERS
1300 W. HIGGINS, SUITE 111
PARK RIDGE, IL 60068

Financial Information

The Labor-Management Reporting and Disclosure Act (LMRDA), which is enforced by the Office of Labor-Management Standards, requires labor unions to file annual reports detailing their operations. Contained in those reports are breakdowns of each union's spending, income and other financial information.

Basic Financials

Total Assets $20,802
Total Liabilities $12,861
Total Income $227,346
Total Spent $244,509

Total Assets Trend

Assets (Change from previous report)

Cash $13,642 (-55.7%)
Accounts Receivable $7,160 (-91.5%)
Investments $0 (0.0%)
Fixed Assets $0 (0.0%)
Treasury Securities $0 (0.0%)
Other Assets $0 (0.0%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $0
Accounts Payable $0
Other Liabilities $12,861
Mortgages $0

Income

Dues $221,035
Per Person Tax $0
Investments $0
Supplies $0
Loan Repayment $0
Interest $0
Dividends $0
Rents $0
Fees and Fines $530
Loans Obtained $0
Other Receipts $1,213
Affiliates $0
Members $4,568
Reinvestments $0
All Others $1,213

Source: Office of Labor Management Standards

Year Covered: 2011  •  Last Updated: December 12th, 2013

Spending

The Office of Labor-Management Standards (OLMS) requires unions to report how they spent their money in a number of categories. For the first five, OLMS requires unions to provide detailed information on any recipient that received more than $5,000 per year.

Spending Overview

Spending Breakdown

Representational $144,077 (58.93%)
Political Activities and Lobbying $0 (0.00%)
Contributions, Gifts, and Grants $4,500 (1.84%)
General Overhead $4,458 (1.82%)
Union Administration $24,465 (10.01%)
Strike Benefits $0 (0.00%)
To Union Officers $105 (0.04%)
To Union Employees $29,393 (12.02%)
Education $0 (0.00%)
Fees $0 (0.00%)

Search All Spending

Source: Office of Labor Management Standards

Year Covered: 2011  •  Last Updated: December 12th, 2013

Membership

Membership Trend

YearMembers
2002615
2003614
2004593
2005584
2006550
2007782
2008768
2009674
2010629
2011203

Source: Office of Labor Management Standards

Year Covered: 2011  •  Last Updated: December 12th, 2013

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
MICHAEL VENAFREDDOBUSINESS AGENT$19,540
$18,640
JOHN COLITRUSTEE$105

Source: Office of Labor Management Standards

Year Covered: 2011  •  Last Updated: December 12th, 2013

Political Spending

Federal Election Donations, by Party

State-level Political Operations, by Party

Source: National Institute on Money in State Politics by way of Transparency Data.

Last Updated: December 12th, 2013

Political Action Committees

Political Action CommitteeTotal Contributed

Lobbying

Federal Lobbying

Lobbying Expenditures Trend

Source: Center for Responsive Politics

Last Updated: December 12th, 2013

Crime, Corruption & Racketeering

The Office of Labor-Management Standards (OLMS) conducts investigations to determine if violations of the Labor-Management Relations and Disclosure Act (LMRDA) provisions have occurred.

Investigations are initiated based on various sources such as complaints from union members; information developed by OLMS as a result of reviewing reports filed; information developed during an OLMS audit of a union’s books and records; and information obtained from other government agencies. Investigations may involve civil matters (such as an election of union officers) or criminal matters (such as embezzlement of union funds).

Corruption and Embezzlement Charges

Type of Criminal ActivityNumber of Instances
Criminal Charges2
Embezzlement Charges2
Guilty Pleas1
Officials Sentenced1

Some incidents may be accounted for in multiple categories.

Source: Office of Labor-Management Standards

Last Updated: March 4th, 2014

Financial Audits

The Office of Labor-Management Standards (OLMS) has responsibility under the Labor-Management Relations and Disclosure Act (LMRDA) to conduct audits to determine if unions are complying with the law.

OLMS uses a streamlined audit approach called the Compliance Audit Program (CAP) to audit local unions which utilizes specialized records review and investigative techniques to verify LMRDA compliance.

Source: Office of Labor-Management Standards

Last Updated: January 26th, 2014