Musicians, Local 56
Basic Information
Local 56
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 | $110,437 |
| Total Liabilities | $13,552 |
| Total Income | $96,641 |
| Total Spent | $92,204 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $38,303 (+13.1%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $63,373 (+20.5%) |
| Fixed Assets | $4,124 (+20.5%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $4,637 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $96,278 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $194 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $50 |
| Loans Obtained | $0 |
| Other Receipts | $119 |
| Affiliates | $0 |
| 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
$92,204
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $850 (0.92%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $17,746 (19.25%) |
| To Union Employees | $6,389 (6.93%) |
| 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
240
Income per Member
$403
Dues (per Year)
$156
Membership Trend
| Year | Members |
|---|---|
| 2002 | 372 |
| 2003 | 407 |
| 2004 | 410 |
| 2005 | 419 |
| 2006 | 401 |
| 2007 | 376 |
| 2008 | 398 |
| 2009 | 386 |
| 2010 | 375 |
| 2011 | 387 |
| 2012 | 362 |
| 2013 | 347 |
| 2014 | 320 |
| 2015 | 308 |
| 2016 | 283 |
| 2017 | 284 |
| 2018 | 292 |
| 2019 | 271 |
| 2020 | 275 |
| 2021 | 240 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$2,308
Total Employees
9
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| ANDREA GIBA | SECRETARY/TREASURER | $14,308 |
| BENNIE KEYS | PRESIDENT | $3,000 |
| KEVIN MURPHY | VICE PRESIDENT | $1,500 |
| CHRISTINA FONG | BOARD MEMBER | $480 |
| JACK LATTA | BOARD MEMBER | $440 |
| CHARLES JOHNSON | BOARD MEMBER | $280 |
| FREDRICK MITCHELL | BOARD MEMBER | $280 |
| LLOYD VINES | BOARD MEMBER | $240 |
| SAM KOEPPE | BOARD MEMBER | $240 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Arts, Entertainment and Recreation | 2 |
| Sports / Entertainment | 1 |
| Other | 1 |