Longshoremens Association, Local 1588
Basic Information
Local 1588
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 | $3,638,893 |
| Total Liabilities | $8,510 |
| Total Income | $1,916,169 |
| Total Spent | $2,299,016 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $268,968 (-58.7%) |
| Accounts Receivable | $129,362 (-5.0%) |
| Investments | $2,468,669 (+31.2%) |
| Fixed Assets | $458,481 (+31.2%) |
| Treasury Securities | $283,441 (-6.9%) |
| Other Assets | $29,972 (+27.2%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $1,229,887 |
| Per Person Tax | $0 |
| Investments | $554,046 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $55,712 |
| Dividends | $0 |
| Rents | $26,200 |
| Fees and Fines | $26,500 |
| Loans Obtained | $0 |
| Other Receipts | $23,824 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $17,828 |
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.
Total Spent in 2021
$2,299,016
Spending Overview
Spending Breakdown
| Representational | $589,827 (25.66%) |
| Political Activities and Lobbying | $31,683 (1.38%) |
| Contributions, Gifts, and Grants | $56,451 (2.46%) |
| General Overhead | $247,274 (10.76%) |
| Union Administration | $172,070 (7.48%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $316,468 (13.77%) |
| To Union Employees | $223,084 (9.70%) |
| 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
Total Members
341
Income per Member
$5,619
Dues (per WEEK)
2%
Membership Trend
| Year | Members |
|---|---|
| 2002 | 425 |
| 2003 | 425 |
| 2004 | 375 |
| 2005 | 430 |
| 2006 | 438 |
| 2007 | 458 |
| 2008 | 421 |
| 2009 | 371 |
| 2010 | 365 |
| 2011 | 358 |
| 2012 | 391 |
| 2013 | 370 |
| 2014 | 415 |
| 2015 | 415 |
| 2016 | 479 |
| 2017 | 475 |
| 2018 | 401 |
| 2019 | 423 |
| 2020 | 361 |
| 2021 | 341 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$55,419
Total Employees
14
Employees Making more than $75,000
4
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| VIRGILIO MALDONADO | PRESIDENT | $267,862 |
| BRENDA EAGLE | OFFICE MANAGER | $151,726 |
| MARK SANTORO | SECRETARY TREASURER | $106,239 |
| WILLIAM SAMPSON | BP APRI OF HUDSON COUNTY | $82,914 |
| NEIL PACILO | RECORDING SECRETARY | $61,608 |
| $51,757 | ||
| DAVID MALDONADO | TRUSTEE | $12,384 |
| BARBARA STAMATO | CONSULTANT | $12,000 |
| PAUL PAUDANO | WAREHOUSE VICE PRESIDENT | $11,228 |
| ROGER PEREZ | TRUSTEE/BUSINESS AGENT | $6,528 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Manufacturing | 2 |
| Service | 2 |
| Transportation and Warehousing | 1 |