Teamsters, Local 701
Basic Information
Local 701
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 | $1,375,172 |
| Total Liabilities | $52,604 |
| Total Income | $1,432,883 |
| Total Spent | $1,663,279 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $928,186 (-19.9%) |
| Accounts Receivable | $7,880 (+46.4%) |
| Investments | $170,083 (0.0%) |
| Fixed Assets | $38,258 (0.0%) |
| Treasury Securities | $229,585 (0.0%) |
| Other Assets | $1,180 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $52,604 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $1,271,165 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $14,455 |
| Loan Repayment | $0 |
| Interest | $7,540 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $138,466 |
| Loans Obtained | $0 |
| Other Receipts | $1,257 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $1,257 |
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
$1,663,279
Spending Overview
Spending Breakdown
| Representational | $401,396 (24.13%) |
| Political Activities and Lobbying | $7,587 (0.46%) |
| Contributions, Gifts, and Grants | $12,255 (0.74%) |
| General Overhead | $163,932 (9.86%) |
| Union Administration | $43,467 (2.61%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $302,750 (18.20%) |
| To Union Employees | $47,958 (2.88%) |
| 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
1,783
Income per Member
$804
Dues (per MONTH)
VARIOUS
Membership Trend
| Year | Members |
|---|---|
| 2002 | 1,567 |
| 2003 | 1,558 |
| 2004 | 2,089 |
| 2005 | 1,988 |
| 2006 | 1,949 |
| 2007 | 1,884 |
| 2008 | 2,034 |
| 2009 | 1,865 |
| 2010 | 1,784 |
| 2011 | 1,790 |
| 2012 | 1,532 |
| 2013 | 1,608 |
| 2014 | 1,575 |
| 2015 | 1,674 |
| 2016 | 1,757 |
| 2017 | 1,773 |
| 2018 | 1,779 |
| 2019 | 1,736 |
| 2020 | 1,768 |
| 2021 | 1,803 |
| 2022 | 1,783 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$58,801
Total Employees
8
Employees Making more than $75,000
3
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| RONALD LAKE | PRESIDENT | $130,878 |
| GREGORY RIGGLEMAN | SECRETARY-TREASURER/B.A. | $127,458 |
| ANTHONY FISCHETTI JR | RECORDING SECRETARY/B.A. | $121,003 |
| ELEANOR O'LEARY | OFFICE MANAGER | $70,510 |
| THOMAS CARCICH | TRUSTEE | $6,162 |
| ANTHONY GUISTINO | VICE PRESIDENT | $5,400 |
| JOHN FREEMAN JR | TRUSTEE | $5,400 |
| MARK SULLIVAN | TRUSTEE | $3,600 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023