, Local 507
Basic Information
Local 507
Financial Information
The Labor-Management Reporting and Disclosure Act (LMRDA), which is enforced by the Office of Labor-Management Standards, requires labor unions to file annual reports detailing their operations. Contained in those reports are breakdowns of each union's spending, income and other financial information.
Basic Financials
| Total Assets | $821,236 |
| Total Liabilities | $7,998 |
| Total Income | $263,446 |
| Total Spent | $188,148 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $635,536 (+13.4%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $185,000 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $700 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $7,998 |
| Mortgages | $0 |
Income
| Dues | $257,327 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $1,206 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $4,913 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $4,913 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Spending
The Office of Labor-Management Standards (OLMS) requires unions to report how they spent their money in a number of categories. For the first five, OLMS requires unions to provide detailed information on any recipient that received more than $5,000 per year.
Total Spent in 2021
$188,148
Spending Overview
Spending Breakdown
| Representational | $13,821 (7.35%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $250 (0.13%) |
| General Overhead | $135,052 (71.78%) |
| Union Administration | $27,355 (14.54%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $33,813 (17.97%) |
| To Union Employees | $38,239 (20.32%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Membership
Total Members
760
Income per Member
$347
Dues (per MONTH)
1.45%/0.02
Membership Trend
| Year | Members |
|---|---|
| 2002 | 898 |
| 2003 | 756 |
| 2004 | 893 |
| 2005 | 835 |
| 2006 | 838 |
| 2007 | 850 |
| 2008 | 805 |
| 2009 | 696 |
| 2010 | 696 |
| 2011 | 703 |
| 2012 | 700 |
| 2013 | 710 |
| 2014 | 810 |
| 2015 | 750 |
| 2016 | 788 |
| 2017 | 788 |
| 2018 | 788 |
| 2019 | 768 |
| 2020 | 760 |
| 2021 | 760 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$5,304
Total Employees
17
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DOMINIQUE FLOYD | OFFICE SECRETARY | $42,153 |
| DERRICK DAVIS | PRESIDENT | $13,874 |
| JUSTIN WILLIS | FIN/SECY/TRES | $10,330 |
| ELBERT WASHINGTON | BLDG MANAGER | $6,848 |
| PAT HACKETT | REC-SECY | $4,721 |
| CRAIG PITTMAN | FIN/SECY/TRES | $2,992 |
| ABRAHAM AGUIRRE | TRUSTEE | $2,238 |
| MAJOR KELLY | VICE-PRES | $1,898 |
| SAMUEL MAYRE | GUARD | $1,393 |
| MARLYNN PAYNE | GUIDE | $893 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023