Elevator Constructors, Local 16
Basic Information
Local 16
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 | $1,686,895 |
| Total Liabilities | $0 |
| Total Income | $1,234,430 |
| Total Spent | $1,309,185 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $873,407 (-7.9%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $508,915 (-17.4%) |
| Fixed Assets | $29,850 (-17.4%) |
| Treasury Securities | $274,723 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $483,125 |
| Per Person Tax | $230,333 |
| Investments | $441,010 |
| Supplies | $1,197 |
| Loan Repayment | $0 |
| Interest | $1,940 |
| Dividends | $12,751 |
| Rents | $0 |
| Fees and Fines | $16,213 |
| Loans Obtained | $0 |
| Other Receipts | $38,199 |
| Affiliates | $0 |
| Members | $9,662 |
| Reinvestments | $0 |
| All Others | $13,218 |
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
$1,309,185
Spending Overview
Spending Breakdown
| Representational | $31,990 (2.44%) |
| Political Activities and Lobbying | $6,398 (0.49%) |
| Contributions, Gifts, and Grants | $25,416 (1.94%) |
| General Overhead | $150,096 (11.46%) |
| Union Administration | $92,098 (7.03%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $129,829 (9.92%) |
| To Union Employees | $65,964 (5.04%) |
| 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
265
Income per Member
$4,658
Dues (per quarter)
$685
Membership Trend
| Year | Members |
|---|---|
| 2002 | 319 |
| 2003 | 311 |
| 2004 | 296 |
| 2005 | 306 |
| 2006 | 364 |
| 2007 | 387 |
| 2008 | 367 |
| 2009 | 336 |
| 2010 | 311 |
| 2011 | 281 |
| 2012 | 264 |
| 2013 | 250 |
| 2014 | 239 |
| 2015 | 243 |
| 2016 | 251 |
| 2017 | 248 |
| 2018 | 242 |
| 2019 | 258 |
| 2020 | 258 |
| 2021 | 257 |
| 2022 | 265 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$21,755
Total Employees
9
Employees Making more than $75,000
1
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| RICHARD SORENSEN | BUSINESS MANAGER/SEC | $127,960 |
| CHERYL KRELLER | SECRETARY | $65,964 |
| AARON MUNCH | EXECUTIVE BOARD | $267 |
| DALE DERKS | VICE-PRESIDENT | $267 |
| JACOB GLASER | EXECUTIVE BOARD | $267 |
| KENNETH DUHON | EXECUTIVE BOARD | $267 |
| KEVIN BROUSSARD | PRESIDENT | $267 |
| ROBERT, JR RONALD | EXECUTIVE BOARD | $267 |
| TRAVIS MOTICHEL | EXECUTIVE BOARD | $267 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023