Iron Workers, Local 405
Basic Information
Local 405
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 | $2,130,550 |
| Total Liabilities | $94,013 |
| Total Income | $1,829,757 |
| Total Spent | $1,609,634 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,544,366 (+16.6%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $204,896 (-7.6%) |
| Fixed Assets | $379,288 (-7.6%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $2,000 (-60.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $94,013 |
| Mortgages | $0 |
Income
| Dues | $113,974 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $10,518 |
| Loan Repayment | $0 |
| Interest | $137 |
| Dividends | $0 |
| Rents | $31,374 |
| Fees and Fines | $1,360,634 |
| Loans Obtained | $0 |
| Other Receipts | $112,212 |
| Affiliates | $200,908 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $6,212 |
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
$1,609,634
Spending Overview
Spending Breakdown
| Representational | $514,444 (31.96%) |
| Political Activities and Lobbying | $8,569 (0.53%) |
| Contributions, Gifts, and Grants | $9,693 (0.60%) |
| General Overhead | $178,338 (11.08%) |
| Union Administration | $57,795 (3.59%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $0 (0.00%) |
| To Union Employees | $315,219 (19.58%) |
| 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
386
Income per Member
$4,740
Dues (per Month)
$36
Membership Trend
| Year | Members |
|---|---|
| 2002 | 325 |
| 2003 | 325 |
| 2004 | 325 |
| 2005 | 399 |
| 2006 | 409 |
| 2007 | 396 |
| 2008 | 408 |
| 2009 | 414 |
| 2010 | 414 |
| 2011 | 0 |
| 2012 | 381 |
| 2013 | 416 |
| 2014 | 372 |
| 2015 | 406 |
| 2016 | 438 |
| 2017 | 420 |
| 2018 | 421 |
| 2019 | 402 |
| 2020 | 403 |
| 2021 | 400 |
| 2022 | 386 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$72,774
Total Employees
7
Employees Making more than $75,000
3
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| MICHAEL KNOBBS | BUSINESS AGENT | $171,387 |
| MICHAEL FORD | ORGANIZER | $165,574 |
| FRANCIS KANE | B.A./ APPRENTICE CORD. | $158,674 |
| LEN CIANCAGLINI | DELAGTE | $6,674 |
| JOSEPH BARTORLLO | DELAGTE | $3,555 |
| MARIO DIVENTO JR. | DELEGATE | $3,555 |
| STEPHEN SWEENEY | ADMINISTRATOR/TRUSTEE | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023