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Filing year 2024

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 705

Chicago, Illinois·EIN 36-1265700·5
Total revenue
$17M
Total assets
$42.3M
Total expenses
$15.8M
Reported officers
14
Mission

THE OBJECTIVE OF THIS LOCAL UNION IS TO ENGAGE IN ORGANIZING WORKERS AND TO PROVIDE SERVICES TO THOSE WHO ARE ORGANIZED; TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING; TO ENGAGE IN CULTURAL, CIVIC, LEGISLATIVE, POLITICAL, FRATERNAL, EDUCATIONAL, CHARITABLE, WELFARE, SOCIAL AND OTHER ACTIVITIES WHICH FURTHER THE INTERESTS OF THE ORGANIZATION AND ITS MEMBERSHIP, DIRECTLY OR INDIRECTLY.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

$357k
$382k
Base
$223k
Bonus
$60k
Other
Benefits
$26k
Recording Secretary
secretary (operational)
$352k
$377k
Base
$244k
Bonus
$4k
Other
Benefits
$26k
$324k
$347k
Base
$216k
Bonus
$35k
Other
Benefits
$26k
Secretary-treasurer
$316k
$338k
Base
$201k
Bonus
Other
Benefits
$26k
Former Trustee
board member
$280k
$300k
Base
$181k
Bonus
$4k
Other
Benefits
$26k
Former Trustee
board member
$267k
$286k
Base
$242k
Bonus
$24k
Other
Benefits
$1k
Trustee
board member
$262k
$281k
Base
$166k
Bonus
$23k
Other
Benefits
$26k
Trustee
board member
$262k
$281k
Base
$162k
Bonus
$27k
Other
Benefits
$26k
Accountant
highest compensated employee
$251k
$268k
Base
$138k
Bonus
$40k
Other
Benefits
$26k
Trustee
board member
$241k
$258k
Base
$154k
Bonus
$13k
Other
Benefits
$26k
Elected Business Agent
highest compensated employee
$236k
$253k
Base
$152k
Bonus
$4k
Other
Benefits
$26k
Elected Business Agent
highest compensated employee
$234k
$251k
Base
$147k
Bonus
$7k
Other
Benefits
$26k
Assistant Business Agent
highest compensated employee
$222k
$238k
Base
$141k
Bonus
$3k
Other
Benefits
$26k
Business Agent
highest compensated employee
$213k
$229k
Base
$132k
Bonus
$8k
Other
Benefits
$26k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 17%
from 2023

From $306k in 2023 to $357k in 2024.

$306k
2023
$357k
2024
In today's dollarsEst.
Up 13% in real terms$339k to $382k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 705 reported revenue and expenses across 2 filing years.

RevenueExpenses
$16.4M
$13M
2023
$17M
$15.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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