The Teamsters Union is by no means a simple organization. It is a big business, surviving on the dues of its hard-working members. The Union is required each year to file a document with the federal government called an "LM-2" which reports the union's most recent financial results.
See the Teamsters Union's LM-2 Report.
The Teamsters latest LM-2 Report states that the Union collected more than $242 million in cash receipts. Yet the Teamsters spent more than $228 million.
That's right, the Teamsters Union somehow managed to pay out 94% of the money it collected.
The Union collected over $242 million, but how much did it spend on behalf of individual members? Well, according to the latest LM-2, the Teamsters responded to this item as follows:
A chunk of the money is going to pay the costly salaries and expenses of top Teamsters' officials. The Union paid more than $36 million for the combined salaries and expenses of its officers and employees.
The chart below breaks down how the Teamsters Union spent $228,557,170.
*Other: Contributions, Gifts and Grants; Loans Made; Strike Benefits; Fines, Fees, Assessments; Strikes for Resale; Purchase of Investments and Fixed Assets; Repayment of Loans Obtained; To Affiliates of Funds Collected on Their Behalf; On Behalf of Individual Members; Withheld, but Not Disbursed.
Source for all figures: 2024 IBT LM-2 Report
It is a business; a big business, surviving on the dues of its hard-working members. How much of the Union's income could come right out of your pocket?
Find out how much your union dues could be with the Dues Calculator. Discover how much you could earn if you invest your money instead of paying dues with the Investment Calculator.
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We are committed to answering your questions and to providing you important facts to consider before you decide if you want to entrust your job and your future to the Teamsters. Some independent resources you may want to contact and research:
Center for Independent Employees (Free Legal Advice)
National Right to Work Foundation (Free Legal Advice and Information)
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