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Union Facts

Operating Engineers, Local 406

Basic Information

Local 406

Quick Facts

Address

OPERATING ENGINEERS
7370 CHEF MENTEUR HWY.
NEW ORLEANS, LA 701265314

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 $5,655,607
Total Liabilities $8,886
Total Income $2,877,696
Total Spent $2,657,173

Total Assets Trend

Assets (Change from previous report)

Cash $566,504 (+63.7%)
Accounts Receivable $0 (0.0%)
Investments $4,587,735 (-12.8%)
Fixed Assets $470,957 (-12.8%)
Treasury Securities $0 (0.0%)
Other Assets $411 (0.0%)
Loans Receivable $30,000 (-33.3%)

Liabilities

Loans Payable $0
Accounts Payable $0
Other Liabilities $8,886
Mortgages $0

Income

Dues $1,746,555
Per Person Tax $0
Investments $935,360
Supplies $3,209
Loan Repayment $15,000
Interest $2,200
Dividends $30,870
Rents $221
Fees and Fines $9,011
Loans Obtained $0
Other Receipts $62,376
Affiliates $25,574
Members $47,320
Reinvestments $238,865
All Others $225

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.

Spending Overview

Spending Breakdown

Representational $886,654 (33.37%)
Political Activities and Lobbying $7,411 (0.28%)
Contributions, Gifts, and Grants $5,759 (0.22%)
General Overhead $579,588 (21.81%)
Union Administration $117,854 (4.44%)
Strike Benefits $0 (0.00%)
To Union Officers $532,366 (20.04%)
To Union Employees $312,145 (11.75%)
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

Membership Trend

YearMembers
20022,948
20032,852
20042,506
20052,057
20062,218
20072,522
20082,880
20092,878
20102,802
20112,604
20122,399
20132,280
20142,136
20151,954
20161,890
20171,879
20181,843
20191,864
20201,715
20211,595

Source: Office of Labor Management Standards

Year Covered: 2021  •  Last Updated: June 12th, 2023

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
DONALD BILLINGSPRESIDENT / BUSINESS MANA$143,572
CARLOS BENOITTREASURER/BUSINESS AGENT$132,000
JOHN BABINTRUSTEE / BUSINESS AGENT$110,125
WILLIAM YOUNGTRUSTEE / BUSINESS AGENT$94,999
DAVID HYATTVICE- PRESIDENT/ BUSINESS$89,221
RUSSELL MADDIE, JRTRUSTEE / BUSINESS AGENT$86,800
MIGUEL PERRAULT, SRTRUSTEE / BUSINESS AGENT$81,010
CHERILYN FRUGHTADMINISTATIVE ASSISTANT$80,974
TRACY JONESSECRETARY$53,070
SHARI LATAXESSECRETARY$46,132

Source: Office of Labor Management Standards

Year Covered: 2021  •  Last Updated: June 12th, 2023