IBT - International Brotherhood of Teamsters


2004 IBT LM-2 Report

Salaries and Expenses


IBT paid $29,018,181 for the combined salaries and expenses of its officers and employees. Below is a snapshot of some IBT officers' salaries, 32 made $100,000+ and more than 50 cleared at least $50,000 in salary alone:

Name
*Position
Salary
Expenses
(combined)
Total

James P. Hoffa

President

$251,529

$40,309

$291,838

C. Thomas Keegel

Sec-Treas

$228,277

$55,400

$283,677

Robert Bouvier

VP & Intl Rep

$144,851

$54

$144,905

Randy Cammack

VP & Intl Rep

$85,604

$7,729

$93,333

Giacomo Cipriani

VP Intl Rep Dir

$135,604

$21,678

$157,282

Patrick Flynn

VP & Intl Rep

$88,713

$18,779

$107,492

Franklin Gallegos

Trustee

$78,269

$21,923

$100,192

Fred J Gegare

VP Intl Rep Dir

$100,604

$20,156

$120,760

Richard Hall

VP Intl Rep Dir

$91,125

$22,696

$113,821

Carroll Haynes

VP Intl Rep Dir

$97,165

$10,973

$108138

J. Allen Hobart

VP & Intl Rep

$78,269

$23,680

$101,949

Tyson Johnson

VP Intl Dir

$173,843

$26,888

$200,731

Return to Finances.


Office and Administrative


IBT spent $24,443,858on these office and administrative expenses. The following is a breakdown of expenditures in this area:

Item
Cost

Due & Subscriptions

$205,492

Headquarters Building Expense

$923,603

Office Supplies and Expense

$6,363,377

Postage, Mailing & Shipping

$1,305,702

Printing

$2,605,897

Real Estate & Rent Expense

$710,310

Telephone, Telex, Fax Expense $1,021,394
Titan & DP Rental & Maint. $1,364,346
Travel, Airfare Common Carrier $3,059,275
Travel, Hotel Room & Tax $3,518,332
Travel, Other Non-Allocable Ex $965,048

Return to Finances.

 

Other Disbursements


IBT spent $12,137,300 on these and other expenditures:

Item
Cost
Loss on Currency Exchange $700

Registration Fee Refunds

$4,970

EXP Reimb. to Affiliates

$7,745,642

Bank Charges & Inv Fees

$206,336

Financial Assit to Affiliates

$658,347

Judgements, Suits & Settlements

$137,113

Travel Advances

$14,832

Facilities

$717,251

Other Payroll Withholdings

$2,159,698

Deposits

$299,924

AR Related Expenditures

$90,698

Advances to Affiliates

$58,427

Refund Overpaid per Capita

$40,947

Excess from Loan Schedule

$2,415

Return to Finances.

 

Investments & Fixed Assets


IBT spent $83,808,859 on the purchase of investments and fixed assets - below is a sample of what they spent it on.

Item
Cost

Common Stock

$15,754,884

Corporate Bonds

$8,492,409

Mutual Funds

$34,722

US Govt Securities

$23,217,056

Return to Finances.

Loans and Taxes


The IBT did not make any loans to members-$0, the IBT spent $13,778,433 on taxes.

Item
Cost

Direct Taxes

$3,307,979

Withholding Taxes

$10,470,454

Return to Finances.