National Association of Letter Carriers, Branch 464
Basic Information
Local 464
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 | $116,393 |
| Total Liabilities | $0 |
| Total Income | $103,264 |
| Total Spent | $85,766 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $114,553 (+18.0%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $1,840 (0.0%) |
| Treasury Securities | $0 (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 | $101,463 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $1 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $1,800 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
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
$85,766
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $1,568 (1.83%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $12,306 (14.35%) |
| To Union Employees | $11,753 (13.70%) |
| Education | $0 (0.00%) |
| Fees | $1,838 (2.14%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
203
Income per Member
$509
Dues (per pay period)
$31
Membership Trend
| Year | Members |
|---|---|
| 2002 | 123 |
| 2003 | 125 |
| 2004 | 128 |
| 2005 | 132 |
| 2006 | 140 |
| 2007 | 140 |
| 2008 | 140 |
| 2009 | 140 |
| 2010 | 143 |
| 2011 | 143 |
| 2012 | 143 |
| 2013 | 140 |
| 2014 | 140 |
| 2015 | 142 |
| 2016 | 145 |
| 2017 | 145 |
| 2018 | 250 |
| 2019 | 250 |
| 2020 | 175 |
| 2021 | 279 |
| 2022 | 203 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$2,347
Total Employees
6
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| MICHAEL BORNEMAN | PRESIDENT | $6,960 |
| JOHN COWAN | TREASURER/HEALTH BENEFITS | $6,000 |
| BARBARA COWAN | SECRETARY | $1,000 |
| GIHAN MUNN | TRUSTEE | $120 |
| KAVRON BROWN | TRUSTEE | $0 |
| MICHAEL ALABASTER | SERGANT AT ARMS | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023