Laborers, Local 103
Basic Information
Local 103
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 | $844,257 |
| Total Liabilities | $624 |
| Total Income | $81,272 |
| Total Spent | $134,706 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $571,897 (-8.5%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $272,345 (+6.1%) |
| Fixed Assets | $15 (+6.1%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $624 |
| Mortgages | $0 |
Income
| Dues | $33,120 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $3,707 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $44,445 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $680 |
Source: Office of Labor Management Standards
Year Covered: 2007 • 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 2007
$134,706
Spending Overview
Spending Breakdown
| Representational | $55,639 (41.30%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $200 (0.15%) |
| General Overhead | $12,308 (9.14%) |
| Union Administration | $27,300 (20.27%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $31,672 (23.51%) |
| To Union Employees | $16,358 (12.14%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2007 • Last Updated: June 12th, 2023
Membership
Total Members
175
Income per Member
$464
Dues (per month)
8-25
Membership Trend
| Year | Members |
|---|---|
| 2002 | 213 |
| 2003 | 203 |
| 2004 | 198 |
| 2005 | 182 |
| 2006 | 180 |
| 2007 | 175 |
Source: Office of Labor Management Standards
Year Covered: 2007 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$4,704
Total Employees
14
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| CARMEN SERRETT SR. | BUSINESS MANAGER | $43,083 |
| CARMEN SERRETT, JR. | ORGANIZER | $21,398 |
| JOHN RUSSO | PRESIDENT | $1,375 |
| FRANK STAGNOLI | AUDITOR | $0 |
| ERIC WATERS | AUDITOR | $0 |
| CLINT WELCHER | SERGEANT-AT-ARMS | $0 |
| CARMEN SERRETT, JR. | SECRETARY/TREASURER | $0 |
| CARMEN CALABRESE | EXECUTIVE BOARD | $0 |
| ANTHONY MORABITO | EXECUTIVE BOARD | $0 |
| THOMAS DICOSTANZO | VICE PRESIDENT | $0 |
Source: Office of Labor Management Standards
Year Covered: 2007 • Last Updated: June 12th, 2023