Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Teamsters Local Union No. 455 is the bargaining representative of the employees covered by collective bargaining agreements. Eligibility to membership in this Local Union is according to the International Constitution, and applicants for membership must comply with and be subject to requirements imposed by Teamsters Local Union No. 455's By-Laws and the International Constitution. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | Local Union elects it officers by secret mail ballot not less often than once every three years. Every member whose dues are paid up through the month which is prior to the month in which the nominations or election is held shall have the right to nominate, vote for, or otherwise support the candidate of his choice. No member whose dues have been withheld by his employer for payment to the local union pursuant to this voluntary authorization provided for in a collective bargaining agreement shall be declared ineligible to nominate, or vote for, a candidate for office in the Local Union, by reason of a delay or default in the payment of dues by the employer to the Local Union. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | The following Executive Board decisions are approved by the membership: Purchases, Lease agreements, purchase of all real estate or other real property, and purchases of equipment, requires specific authorization at a membership meeting for such expenditures, except for routine expenditures not of a substantial nature. Disposals: Sell or dispose of any real estate property, rights or privileges belonging to the local union whenever in its opinion the Local Union's interest would thereby be promoted, subject to approval at a membership meeting. Debt Financing: Create issues and make deed, mortgages, trust agreements, contracts, and negotiable instruments secured by mortgage or otherwise as provided by resolution of the membership. Mergers: In the event the Executive Board of two or more subordinate bodies agrees to merge, the merging Local Union must conduct a vote of its membership to approve the merger proposal and ratify the merger agreement. Other: Create trust, the primary purpose of which is to provide benefits for members or their beneficiaries, and terminate and effectuate the same, all subject to approval (except as to form) by the membership. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | Form 990 will be completed annually and copies will be provided to the Executive Board, no later than the first Tuesday in June for approval. At that time the Board would review the Form 990 with the Local Union's auditor. Any necessary changes will then be updated on the form. Once necessary changes are made and the finished Form 990 is approved, it will be signed by the Principal Officer, dated and submitted by the filing deadline. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | The Local Union's Trustees conduct a monthly examination of the books of the Local Union and initial each transaction that is found to be correct. In the event that a Trustee notes any transaction not properly authorized, it is brought to the Executive Board's attention and actions are promptly made. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | The policies for officers' wages and allowances are revised annually and are brought up for the Local Union membership approval. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | The International Constitution and the Local Union's By-Laws and Policy Book are readily available upon request. The members are presented with the monthly financial statements at the general membership meeting. |
| Software ID: | 14000265 |
| Software Version: | 2014v5.0 |