Steelworkers, 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 | $71,694 |
| Total Liabilities | $0 |
| Total Income | $53,033 |
| Total Spent | $84,321 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $71,694 (-30.4%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $0 (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 | $52,743 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $2 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $288 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $288 |
Source: Office of Labor Management Standards
Year Covered: 2010 • 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 2010
$84,321
Spending Overview
Spending Breakdown
| Representational | $5,727 (6.79%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $7,000 (8.30%) |
| General Overhead | $6,296 (7.47%) |
| Union Administration | $8,875 (10.53%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $0 (0.00%) |
| To Union Employees | $10,521 (12.48%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2010 • Last Updated: June 12th, 2023
Membership
Total Members
0
Dues (per Hr Per Mt)
1.45%+.02
Membership Trend
| Year | Members |
|---|---|
| 2002 | 480 |
| 2003 | 484 |
| 2004 | 450 |
| 2005 | 450 |
| 2006 | 420 |
| 2007 | 400 |
| 2008 | 360 |
| 2009 | 345 |
| 2010 | 0 |
Source: Office of Labor Management Standards
Year Covered: 2010 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$11,453
Total Employees
1
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| $11,453 |
Source: Office of Labor Management Standards
Year Covered: 2010 • Last Updated: June 12th, 2023