Carpenters, Local 497
Basic Information
Local 497
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 | $29,829 |
| Total Liabilities | $824 |
| Total Income | $7,155 |
| Total Spent | $8,402 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $16,415 (-7.1%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $13,414 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $824 |
| Mortgages | $0 |
Income
| Dues | $6,835 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $320 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2007 • 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 2007
$8,402
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $0 (0.00%) |
| To Union Employees | $2,600 (30.95%) |
| Education | $0 (0.00%) |
| Fees | $500 (5.95%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2007 • Last Updated: June 12th, 2023
Membership
Total Members
25
Income per Member
$286
Membership Trend
| Year | Members |
|---|---|
| 2002 | 63 |
| 2003 | 60 |
| 2004 | 65 |
| 2005 | 63 |
| 2006 | 62 |
| 2007 | 25 |
Source: Office of Labor Management Standards
Year Covered: 2007 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$0
Total Employees
8
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| JAMES QUINN | TRUSTEE | $0 |
| KENNETH DEVINE | TRUSTEE | $0 |
| MYRON CORKER | VICE PRESIDENT | $0 |
| R. L. GATES | FIN/SEC TRES. | $0 |
| RICKEY JACKSON | PRESIDENT | $0 |
| RONAL GATES | REC/SEC | $0 |
| RONALD FERRELL | CONDUCTOR | $0 |
| WALTER SHARP | WARDEN | $0 |
Source: Office of Labor Management Standards
Year Covered: 2007 • Last Updated: June 12th, 2023