U.S. Department of Labor
Office of Labor-Management Standards
Washington, DC 20210
FORM LM-3 LABOR ORGANIZATION ANNUAL REPORT
Form Approved
Office of Management and Budget
No.
1245-0003
Expires:
07-31-2019
FOR USE ONLY BY LABOR ORGANIZATIONS WITH LESS THAN $250,000 IN TOTAL ANNUAL RECEIPTS
This report is mandatory under P.L. 86-257, as amended. Failure to comply may result in criminal prosecution, fines, or civil penalties as provided by 29 U.S.C. 439 or 440.
READ THE INSTRUCTIONS CAREFULLY BEFORE PREPARING THIS REPORT.
For Official Use Only
1. FILE NUMBER
012-655
2. PERIOD COVERED
From
01/01/2016
Through
12/31/2016
3.
(a) AMENDED - Is this an amended report:
No
(b) HARDSHIP - Filed
under the hardship procedures:
No
(c) TERMINAL - Is this a terminal report:
No
4. AFFILIATION OR ORGANIZATION NAME
TEAMSTERS
5. DESIGNATION (Local, Lodge, etc.)
JOINT COUNCIL
6. DESIGNATION NBR
26
7. UNIT NAME (if any)
8. MAILING ADDRESS (Type or print in capital letters)
First Name
RANDALL
Last Name
VERST
P.O Box - Building and Room Number
Number and Street
4632 PADDOCK RD.
City
CINCINNATI
State
OH
ZIP Code + 4
45229
9. Are your organization's records kept at its mailing address?
Yes
Each of the undersigned, duly authorized officers of the above labor organization, declares, under penalty of perjury and other applicable penalties of law, that all of the information submitted in this report (including information contained in any accompanying documents) has been examined by the signatory and is, to the best of the undersigned individual's knowledge and belief, true, correct and complete (See Section VI on penalties in the instructions.)
57. SIGNED:
Randall W Verst
PRESIDENT
58. SIGNED:
Edward H Wilp
TREASURER
Date:
Mar 23, 2017
Contact Info:
513-242-9573
Date:
Mar 23, 2017
Contact Info:
513-242-9573
Form LM-3 (Revised 2016)
FILE NUMBER:
012-655
During the Reporting Period Did Your Organization:
10. Have a "subsidiary organization" as defined in Section X of the instructions?
No
11. Create or participate in the administration of a trust or other fund or organization which provides benefits for members or their beneficiaries?
No
12. Have a Political Action Committee (PAC) fund?
No
13. Acquire or dispose of any goods or property in any manner other than purchase or sale?
No
14. Have an audit or review of its books and records by an outside accountant or by a parent body auditor/representative?
Yes
15. Discover any loss or shortage of funds or other property? (Answer "Yes" even if there has been repayment or recovery.)
No
16.Have any officer who was paid $10,000 or more by your organization and also received $10,000 or more as an officer or employee of another labor organization or of an employee benefit plan?
Yes
17. Pay any employee salary, allowances, and other expenses which, together with any payments from affiliates, totaled more than $10,000?
No
18. Have loans totaling more than $250 to any officer, employee, or member, or make any loans to a business enterprise?
No
19. How many members did your organization have at the end of the reporting period?
3
20. What is the maximum amount recoverable under your organization's fidelity bond for a loss caused by any officer or employee of your organization?
$40,000
21. During the reporting period, did your organization have any changes in its constitution or bylaws (other than rates of dues and fees) or in practices/procedures listed in the instructions?
Yes
22. What is the date of the labor organization's next regular election of officers?
01/2019
23. What are the labor organization's rates of dues and fees?
Rates of Dues and Fees
Dues/Fees
Amount
Unit
Minimum
Maximum
(a) Regular Dues/Fees
1.70
per
MBR/MNTH
N/A
N/A
(b) Initiation Fees
N/A
per
N/A
N/A
N/A
(c) Transfer Fees
N/A
per
N/A
N/A
N/A
(d) Work Permits
N/A
per
N/A
N/A
N/A
Form LM-3 (Revised 2016)
24. ALL OFFICERS AND DISBURSEMENTS TO OFFICERS
FILE NUMBER:
012-655
(A) Name (List all persons who held office during the reporting period even if they received no salary or other disbursements)
Gross Salary (before taxes and other deductions)
(D)
Allowances and Other Disbursements
(E)
TOTAL
(F)
(B) Title (Enter title of officer, such as PRESIDENT or TREASURER)
(C) Status *
Total Disbursements to Officers
$38,400
$0
$38,400
Less Deductions
$6,606
The Total from Net Disbursements will be entered in Item 45
Net Disbursements
$31,794
** Code (C) Status: past officer - P; continuing officer - C; new officer during the reporting period - N.
(If any officer was not elected at a regular election in accordance with your organzation's constitution and bylaws, explain in Item 56.)
VERST
RANDALL
$7,200
$7,200
PRESIDENT
C
WILP
EDWARD
$5,400
$5,400
SECRETARY-TREASURER
C
BALES
KIMBERLY
$11,400
$11,400
VICE PRESIDENT
C
JONES
ALAN
$3,600
$3,600
RECORDING SECRETARY
C
BUTTS
RONALD
$3,600
$3,600
TRUSTEE
C
JENSEN
RICHARD
$3,600
$3,600
TRUSTEE
C
WEBSTER
DAVID
$3,600
$3,600
TRUSTEE
C
Form LM-3 (Revised 2016)
STATEMENT A - ASSETS AND LIABILITIES
FILE NUMBER:
012-655
ASSETS
Start of Reporting Period
(A)
End of Reporting Period
(B)
25. Cash
$324,757
$316,854
26. Loans Receivable
$0
$0
27. U.S. Treasury Securities
$0
$0
28. Investments
$0
$0
29. Fixed Assets
$0
$0
30. Other Assets
$0
$0
31. TOTAL ASSETS
$324,757
$316,854
LIABILITIES
Start of Reporting Period
(C)
End of Reporting Period
(D)
32. Accounts Payable
$0
$0
33. Loans Payable
$0
$0
34. Mortgages Payable
$0
$0
35. Other Liabilities
$46,348
$53,914
36. TOTAL LIABILITIES
$46,348
$53,914
37. NET ASSETS
$278,409
$262,940
STATEMENT B - RECEIPTS AND DISBURSEMENTS
CASH RECEIPTS
AMOUNT
38. Dues
$0
39. Per Capita Tax
$123,505
40. Fees, Fines, Assessments, Work Permits
$0
41. Interest and Dividends
$823
42. Sale of Investments and Fixed Assets
$0
43. Other Receipts
$9,999
44. TOTAL RECEIPTS
$134,327
If total receipts reported in Item 44 are $250,000 or more, your organization must file Form LM-2 instead of this form.
CASH DISBURSEMENTS
AMOUNT
45. To Officers (from item 24)
$31,794
46. To Employees (less deductions)
$12,068
47. Per Capita Tax
$0
48. Office and Administrative Expense
$8,862
49. Professional Fees
$17,426
50. Benefits
$0
51. Contributions, Gifts, and Grants
$7,800
52. Purchase of Investments and Fixed Assets
$0
53. Loans Made
$0
54. Other Disbursements
$64,280
55. TOTAL DISBURSEMENTS
$142,230
Form LM-3 (Revised 2016)
56. ADDITIONAL INFORMATION SUMMARY
FILE NUMBER:
012-655
Question 14: : THE BOOKS AND RECORDS HAVE BEEN AUDITED BY GARY M. TIBONI, CPA.
Question 16: :VICE PRESIDENT KIMBERLY BALES IS ALSO THE SECRETARY-TREASURER OF TEAMSTERS LOCAL UNION NO. 114.
Question 21: : THE JOINT COUNCIL IS GOVERNED BY A UNIFORM CONSTITUTION PRESCRIBED BY THE INTERNATIONAL UNION, AND THE INTERNATIONAL UNION WILL FILE ON THE JOINT COUNCILS BEHALF.
IN ADDITION, BY-LAWS ARTICLE VI - EXECUTIVE BOARD, ARTICLE X - PER CAPITA TAXES - FINANCES, ARTICLE XIV - WAGE SCALE AND APPROVAL THEROF, HAVE BEEN AMENDED. A COPY OF THE AMENDED ARTICLES IS ATTACHED.THE EXECUTIVE BOARD ELECTED TO CLOSE THE CONVENTION FUND ACCOUNT AND DISTRIBUTE THE ACCOUNT BALANCE TO THE THREE LOCAL UNION AFFILATES, BASED ON THE NUMBER OF DELEGATES THE AFFILIATE IS ENTITLED TO HAVE ATTEND THE 2016 INTERNATIONAL CONVENTION. THE TOTAL AMOUNT DISBURSED TO THE AFFILIATES WAS $10,979 AND IS INCLUDED IN ITEM 54 - OTHER DISBURSEMENTS.