Carpenters, Local 50
Basic Information
Local 50
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 | $768,585 |
| Total Liabilities | $1,197 |
| Total Income | $334,117 |
| Total Spent | $259,115 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $376,813 (+24.9%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $177,220 (-6.5%) |
| Fixed Assets | $178,354 (-6.5%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $36,198 (-0.1%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $1,197 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $229,107 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $608 |
| Loan Repayment | $0 |
| Interest | $12,448 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $91,954 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $91,954 |
Source: Office of Labor Management Standards
Year Covered: 2022 • 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 2022
$259,115
Spending Overview
Spending Breakdown
| Representational | $4,538 (1.75%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $2,000 (0.77%) |
| General Overhead | $60,684 (23.42%) |
| Union Administration | $63,239 (24.41%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $3,565 (1.38%) |
| To Union Employees | $45,154 (17.43%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
627
Income per Member
$533
Dues (per Month)
6 - 40
Membership Trend
| Year | Members |
|---|---|
| 2002 | 255 |
| 2003 | 696 |
| 2004 | 733 |
| 2005 | 603 |
| 2006 | 641 |
| 2007 | 784 |
| 2008 | 1,055 |
| 2009 | 1,017 |
| 2010 | 846 |
| 2011 | 801 |
| 2012 | 654 |
| 2013 | 562 |
| 2014 | 504 |
| 2015 | 557 |
| 2016 | 569 |
| 2017 | 587 |
| 2018 | 621 |
| 2019 | 621 |
| 2020 | 637 |
| 2021 | 587 |
| 2022 | 627 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$5,406
Total Employees
10
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| CHELSEA SMITH | OFFICE MANAGER | $50,498 |
| FLOYD SHARP | RECORDING SECRETARY | $1,000 |
| MICHEAL GEASLAND | TRUSTEE | $600 |
| MATTHEW GALLOWAY | TRUSTEE | $600 |
| JOHNNY CISNEROS | TRUSTEE | $600 |
| PRESTON WHITEHEAD | PRESIDENT | $295 |
| GERARD SCHROEDER | TREASURER | $252 |
| DANNY GIBSON | VICE PRESIDENT | $133 |
| FRANKLIN MURRAY | CONDUCTOR | $60 |
| ROBERT MONROE | WARDEN | $25 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023