Boilermakers, Lodge 5
Basic Information
Local 5
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 | $9,249,594 |
| Total Liabilities | $483,231 |
| Total Income | $2,348,430 |
| Total Spent | $2,878,112 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $2,258,780 (-19.0%) |
| Accounts Receivable | $46,541 (+33.7%) |
| Investments | $5,036,447 (-2.7%) |
| Fixed Assets | $1,907,826 (-2.7%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $483,231 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $1,863,685 |
| Per Person Tax | $0 |
| Investments | $10,416 |
| Supplies | $3,338 |
| Loan Repayment | $0 |
| Interest | $29,906 |
| Dividends | $529 |
| Rents | $7,200 |
| Fees and Fines | $34,939 |
| Loans Obtained | $0 |
| Other Receipts | $333,425 |
| Affiliates | $13,456 |
| Members | $51,536 |
| Reinvestments | $0 |
| All Others | $42,536 |
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
$2,878,112
Spending Overview
Spending Breakdown
| Representational | $1,207,696 (41.96%) |
| Political Activities and Lobbying | $10,504 (0.36%) |
| Contributions, Gifts, and Grants | $18,369 (0.64%) |
| General Overhead | $294,009 (10.22%) |
| Union Administration | $150,016 (5.21%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $769,828 (26.75%) |
| To Union Employees | $122,485 (4.26%) |
| 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
489
Income per Member
$4,803
Dues (per MONTH)
$55
Membership Trend
| Year | Members |
|---|---|
| 2002 | 320 |
| 2003 | 320 |
| 2004 | 320 |
| 2005 | 298 |
| 2006 | 0 |
| 2007 | 237 |
| 2008 | 597 |
| 2009 | 597 |
| 2010 | 628 |
| 2011 | 572 |
| 2012 | 553 |
| 2013 | 551 |
| 2014 | 498 |
| 2015 | 574 |
| 2016 | 498 |
| 2017 | 454 |
| 2018 | 596 |
| 2019 | 599 |
| 2020 | 590 |
| 2021 | 546 |
| 2022 | 489 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$80,365
Total Employees
15
Employees Making more than $75,000
7
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| THOMAS RYAN | BUS MGR - SECT'Y TRES | $223,431 |
| KEVIN O'BRIEN | PRESIDENT- ASST BUS MGR | $215,579 |
| STEVEN LUDWIGSON | FORMER BUS MGR- SECTY-TRE | $182,284 |
| WILLIAM BAILEY | ASST BUS MRG 197-TRUSTEE | $151,640 |
| GREGORY PETERSON | ASST BUS MGR 175-TRUSTEE | $140,200 |
| MICHAEL BOGUE | ASST BUS MGR 7 TRUSTEE | $133,539 |
| PRISCILLA CALPO | CONTROLLER- OFF MGR | $82,754 |
| $31,405 | ||
| ROBERT PANDORI | INSTRUCTOR | $20,645 |
| JOSEPH BARRY | INSTRUCTOR | $10,157 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Manufacturing | 24 |
| Construction | 8 |
| Personal Serv & Private Organizations | 1 |
| Maritime | 1 |