Laborers, Local 741
Basic Information
Local 741
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 | $3,768,982 |
| Total Liabilities | $64,750 |
| Total Income | $2,674,753 |
| Total Spent | $2,902,379 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,036,596 (-18.0%) |
| Accounts Receivable | $163,769 (+44.7%) |
| Investments | $2,421,885 (+47.5%) |
| Fixed Assets | $146,732 (+47.5%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (-100.0%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $2,358,303 |
| Per Person Tax | $0 |
| Investments | $215,295 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $1,078 |
| Dividends | $68,838 |
| Rents | $600 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $30,639 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
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
$2,902,379
Spending Overview
Spending Breakdown
| Representational | $370,478 (12.76%) |
| Political Activities and Lobbying | $14,257 (0.49%) |
| Contributions, Gifts, and Grants | $11,667 (0.40%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $609,514 (21.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $415,163 (14.30%) |
| To Union Employees | $129,873 (4.47%) |
| 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
1,373
Income per Member
$1,948
Dues (per MONTH)
10-25
Membership Trend
| Year | Members |
|---|---|
| 2002 | 1,600 |
| 2003 | 1,600 |
| 2004 | 1,596 |
| 2005 | 1,763 |
| 2006 | 1,473 |
| 2007 | 1,478 |
| 2008 | 1,544 |
| 2009 | 1,559 |
| 2010 | 1,482 |
| 2011 | 1,365 |
| 2012 | 1,301 |
| 2013 | 1,257 |
| 2014 | 1,217 |
| 2015 | 1,116 |
| 2016 | 1,296 |
| 2017 | 1,275 |
| 2018 | 1,309 |
| 2019 | 1,293 |
| 2020 | 1,355 |
| 2021 | 1,373 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$50,911
Total Employees
14
Employees Making more than $75,000
4
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| ALBERT HOBBS | SECRETARY-TREAS/BUS MGR | $187,453 |
| TERRY PITTMAN | PRESIDENT | $118,897 |
| MICHAEL HARDY | VICE PRESIDENT | $115,312 |
| LONNIE WHITAKER | EXECUTIVE BOARD MEMBER | $115,259 |
| DENISE COAKLEY | SECRETARY | $71,500 |
| ANITA NETHERY | SECRETARY | $50,886 |
| ANNA GAITHER | SECRETARY | $41,250 |
| JEREMY BREWER | RECORDING SECRETARY | $2,120 |
| KASEY KIRKPATRICK | AUDITOR | $1,680 |
| THURSTON REYNOLDS | AUDITOR | $1,680 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Mining | 5 |
| Construction | 2 |
| Accommodation and Food Services | 1 |