Plasterers & Cement Masons, Local 502
Basic Information
Local 502
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 | $21,304,811 |
| Total Liabilities | $7,174,016 |
| Total Income | $10,569,647 |
| Total Spent | $10,398,298 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $10,416,596 (+1.7%) |
| Accounts Receivable | $48,352 (+1,787.3%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $10,830,330 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $9,533 (+22.8%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $156,000 |
| Other Liabilities | $15,988 |
| Mortgages | $7,002,028 |
Income
| Dues | $6,257,880 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $8,200 |
| Loan Repayment | $0 |
| Interest | $14,567 |
| Dividends | $0 |
| Rents | $337,863 |
| Fees and Fines | $111,643 |
| Loans Obtained | $3,543,192 |
| Other Receipts | $288,577 |
| Affiliates | $7,725 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $7,341 |
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
$10,398,298
Spending Overview
Spending Breakdown
| Representational | $984,103 (9.46%) |
| Political Activities and Lobbying | $39,999 (0.38%) |
| Contributions, Gifts, and Grants | $64,797 (0.62%) |
| General Overhead | $637,755 (6.13%) |
| Union Administration | $1,039,314 (10.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $419,537 (4.03%) |
| To Union Employees | $580,910 (5.59%) |
| 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
2,328
Income per Member
$4,540
Dues (per YEAR)
N/A
Membership Trend
| Year | Members |
|---|---|
| 2002 | 1,684 |
| 2003 | 1,714 |
| 2004 | 1,716 |
| 2005 | 1,596 |
| 2006 | 1,729 |
| 2007 | 1,854 |
| 2008 | 1,869 |
| 2009 | 1,863 |
| 2010 | 1,845 |
| 2011 | 1,806 |
| 2012 | 2,128 |
| 2013 | 2,100 |
| 2014 | 2,050 |
| 2015 | 2,277 |
| 2016 | 2,368 |
| 2017 | 2,407 |
| 2018 | 2,363 |
| 2019 | 2,361 |
| 2020 | 2,301 |
| 2021 | 2,325 |
| 2022 | 2,328 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$52,620
Total Employees
30
Employees Making more than $75,000
8
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| KEVIN FARLEY | PRESIDENT | $208,550 |
| LAWRENCE PICARDI, SR. | SECRETARY TREASURER | $187,146 |
| ADAM HIGGINS | BUSINESS AGENT | $167,320 |
| PAUL REDMANN | BUSINESS AGENT | $164,936 |
| MARK WARZECHA | BUSINESS AGENT | $163,650 |
| LAWRENCE PICARDI, JR. | BUSINESS AGENT | $163,543 |
| JOHN MANLEY | TRUSTEE - BENEFIT PLAN/BA | $162,768 |
| CLAUDIO ROBLES | ORGANIZER | $102,516 |
| $71,941 | ||
| IDA PANUNCIALMAN | CLERICAL | $60,504 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023