Laborers, Local 1047
Basic Information
Local 1047
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 | $159,051 |
| Total Liabilities | $79 |
| Total Income | $304,443 |
| Total Spent | $371,436 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $122,143 (-35.4%) |
| Accounts Receivable | $0 (-100.0%) |
| Investments | $0 (-100.0%) |
| Fixed Assets | $36,908 (-100.0%) |
| 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 | $185,077 |
| Per Person Tax | $0 |
| Investments | $110,312 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $1 |
| Dividends | $5,190 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $3,863 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2014 • 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 2014
$371,436
Spending Overview
Spending Breakdown
| Representational | $77,355 (20.83%) |
| Political Activities and Lobbying | $46,356 (12.48%) |
| Contributions, Gifts, and Grants | $500 (0.13%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $61,620 (16.59%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $64,655 (17.41%) |
| To Union Employees | $29,806 (8.02%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2014 • Last Updated: June 12th, 2023
Membership
Total Members
120
Income per Member
$2,537
Dues (per MONTH)
10-25
Membership Trend
| Year | Members |
|---|---|
| 2002 | 215 |
| 2003 | 230 |
| 2004 | 210 |
| 2005 | 215 |
| 2006 | 216 |
| 2007 | 219 |
| 2008 | 192 |
| 2009 | 182 |
| 2010 | 184 |
| 2011 | 176 |
| 2012 | 178 |
| 2013 | 125 |
| 2014 | 120 |
Source: Office of Labor Management Standards
Year Covered: 2014 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$11,019
Total Employees
11
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| JACK BAKER | SECRETARY-TREAS/BUS MGR | $81,461 |
| HEATHER SUMMITT | SECRETARY | $38,230 |
| LARRY BROOKS | RECORDING SECRETARY | $517 |
| DOUG JONES | VICE PRESIDENT | $198 |
| TODD REECE | PRESIDENT | $162 |
| PAUL RASNER | EXECUTIVE BOARD MEMBER | $162 |
| STEVE CHAMBERS | EXECUTIVE BOARD MEMBER | $144 |
| TOM DELUCIO | AUDITOR | $143 |
| JOEL TONEY | AUDITOR | $104 |
| LARRY HOLLINGSWORTH | AUDITOR | $91 |
Source: Office of Labor Management Standards
Year Covered: 2014 • Last Updated: June 12th, 2023