Carpenters, Local 505
Basic Information
Local 505
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 | $674,571 |
| Total Liabilities | $137,291 |
| Total Income | $287,895 |
| Total Spent | $299,486 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $603,697 (-1.9%) |
| Accounts Receivable | $53,880 (-5.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $2,695 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $14,299 (+10.2%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $244,965 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $8,220 |
| Loan Repayment | $0 |
| Interest | $716 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $5,756 |
| Loans Obtained | $0 |
| Other Receipts | $28,238 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $558 |
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
$299,486
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $15,030 (5.02%) |
| General Overhead | $107,289 (35.82%) |
| Union Administration | $46,083 (15.39%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $21,280 (7.11%) |
| To Union Employees | $36,892 (12.32%) |
| 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
400
Income per Member
$720
Dues (per MONTH)
$18
Membership Trend
| Year | Members |
|---|---|
| 2002 | 694 |
| 2003 | 615 |
| 2004 | 573 |
| 2005 | 580 |
| 2006 | 592 |
| 2007 | 496 |
| 2008 | 463 |
| 2009 | 428 |
| 2010 | 411 |
| 2011 | 373 |
| 2012 | 359 |
| 2013 | 356 |
| 2014 | 398 |
| 2015 | 418 |
| 2016 | 441 |
| 2017 | 453 |
| 2018 | 441 |
| 2019 | 428 |
| 2020 | 426 |
| 2021 | 403 |
| 2022 | 400 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$6,090
Total Employees
12
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| KATHERINE GENESY | BOOKKEEPER | $40,817 |
| $9,078 | ||
| JESUS VEGA | FINANCIAL SECRETARY | $4,116 |
| ALEC MORIN | TRUSTEE | $3,676 |
| ISIDRO LOPEZ | TRUSTEE | $3,064 |
| CHRISTIAN ARTEAGA | RECORDING SECRETARY | $3,052 |
| FELIPE QUINTANA | TRUSTEE | $2,857 |
| ANTHONY FLEMING | CONDUCTOR | $2,704 |
| SEAN HEBARD | PRESIDENT | $2,456 |
| ADAM VEGA | VICE PRESIDENT | $939 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023