Teamsters, Local 550
Basic Information
Local 550
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 | $0 |
| Total Liabilities | $0 |
| Total Income | $245,029 |
| Total Spent | $248,757 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $0 (-100.0%) |
| Accounts Receivable | $0 (-100.0%) |
| Investments | $0 (-100.0%) |
| Fixed Assets | $0 (-100.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (-100.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $160,343 |
| Per Person Tax | $0 |
| Investments | $65,002 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $0 |
| Dividends | $325 |
| Rents | $0 |
| Fees and Fines | $2,461 |
| Loans Obtained | $0 |
| Other Receipts | $16,898 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $973 |
Source: Office of Labor Management Standards
Year Covered: 2013 • 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 2013
$248,757
Spending Overview
Spending Breakdown
| Representational | $67,939 (27.31%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $550 (0.22%) |
| General Overhead | $71,358 (28.69%) |
| Union Administration | $25,908 (10.41%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $60,480 (24.31%) |
| To Union Employees | $0 (0.00%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2013 • Last Updated: June 12th, 2023
Membership
Total Members
0
Dues (per MONTH)
20-81
Membership Trend
| Year | Members |
|---|---|
| 2002 | 875 |
| 2003 | 773 |
| 2004 | 713 |
| 2005 | 680 |
| 2006 | 657 |
| 2007 | 1,530 |
| 2008 | 1,596 |
| 2009 | 1,101 |
| 2010 | 673 |
| 2011 | 627 |
| 2012 | 615 |
| 2013 | 0 |
Source: Office of Labor Management Standards
Year Covered: 2013 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$5,873
Total Employees
14
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| MICHAEL SPINELLI | SECRETARY TREASURER | $74,249 |
| STEVE TELEGLOW | PRESIDENT | $6,714 |
| CARMINE BERNABEO | VICE PRESIDENT | $603 |
| ELGIE DANIELS | TRUSTEE | $439 |
| CARLOS NAYAR | VICE PRESIDENT | $121 |
| ANTHONY DONATO | RECORDING SECRETARY | $89 |
| ANTHONY DONATO | TRUSTEE | $0 |
| CARMINE BERNABEO | RECORDING SECRETARY | $0 |
| CARMINE BERNABEO | VICE PRESIDENT | $0 |
| ELGIE DANIELS | TRUSTEE | $0 |
Source: Office of Labor Management Standards
Year Covered: 2013 • Last Updated: June 12th, 2023
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Service | 4 |
| Other | 2 |
| Food Manufacturing / Processing | 1 |
| Retail Trade | 1 |
| Wholesale Trade | 1 |
| Personal Serv & Private Organizations | 1 |
| Public Safety | 1 |