Laborers, Local 348
Basic Information
Local 348
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 | $5,142,385 |
| Total Liabilities | $111,424 |
| Total Income | $2,112,546 |
| Total Spent | $1,970,735 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,196,576 (+13.4%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $3,209,454 (+15.4%) |
| Fixed Assets | $733,450 (+15.4%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $2,905 (-60.2%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $1,788,701 |
| Per Person Tax | $0 |
| Investments | $3,590 |
| Supplies | $4,859 |
| Loan Repayment | $0 |
| Interest | $270 |
| Dividends | $172,382 |
| Rents | $14,800 |
| Fees and Fines | $121,001 |
| Loans Obtained | $0 |
| Other Receipts | $6,943 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $6,943 |
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
$1,970,735
Spending Overview
Spending Breakdown
| Representational | $494,317 (25.08%) |
| Political Activities and Lobbying | $2,459 (0.12%) |
| Contributions, Gifts, and Grants | $23,522 (1.19%) |
| General Overhead | $275,930 (14.00%) |
| Union Administration | $150,124 (7.62%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $348,472 (17.68%) |
| To Union Employees | $156,755 (7.95%) |
| 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
1,205
Income per Member
$1,753
Dues (per Month)
Reg $30.00, Irrigation $54.00
Membership Trend
| Year | Members |
|---|---|
| 2002 | 752 |
| 2003 | 752 |
| 2004 | 914 |
| 2005 | 832 |
| 2006 | 703 |
| 2007 | 834 |
| 2008 | 838 |
| 2009 | 820 |
| 2010 | 898 |
| 2011 | 931 |
| 2012 | 788 |
| 2013 | 1,015 |
| 2014 | 1,039 |
| 2015 | 993 |
| 2016 | 1,018 |
| 2017 | 1,023 |
| 2018 | 1,038 |
| 2019 | 1,125 |
| 2020 | 1,208 |
| 2021 | 1,205 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$46,426
Total Employees
15
Employees Making more than $75,000
6
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| KAYNE SEGURA | SEC/TRES. | $132,193 |
| JAMES THRIFT | PRESIDENT | $113,711 |
| RICHARD STELTER | BUSINESS REP | $98,984 |
| FRANCISCO ELGUEZABAL | EXECUTIVE BOARD | $98,428 |
| DAVID GRESSER | EXECUTIVE BOARD | $95,806 |
| MICHELLE FOX | OFFICE | $82,672 |
| CHARLES ELLINGER | VICE PRESIDENT | $33,297 |
| RICHARD GLAZIER | BUSINESS REP | $28,886 |
| $8,700 | ||
| JESSICA BOSSE-WADSWORTH | REC. SEC. | $1,140 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023