Longshoremens Association, Local 342 - United Marine Division
Basic Information
Local 342
(UNITED MARINE DIVISION)
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 | $354,765 |
| Total Liabilities | $42,471 |
| Total Income | $636,312 |
| Total Spent | $662,859 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $40,699 (-39.5%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $199,741 (+48.0%) |
| Fixed Assets | $104,184 (+48.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $10,141 (+52.7%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $560,184 |
| Per Person Tax | $0 |
| Investments | $25,940 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $11 |
| Dividends | $34 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $47,367 |
| Other Receipts | $2,776 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2003 • 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 2003
$662,859
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $10,542 (1.59%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $141,358 (21.33%) |
| To Union Employees | $0 (0.00%) |
| Education | $0 (0.00%) |
| Fees | $20,904 (3.15%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2003 • Last Updated: June 12th, 2023
Membership
Total Members
1,742
Income per Member
$365
Membership Trend
| Year | Members |
|---|---|
| 2002 | 1,750 |
| 2003 | 1,742 |
Source: Office of Labor Management Standards
Year Covered: 2003 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$36,166
Total Employees
7
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| HARRY HENNESSEY | PRESIDENT | $134,562 |
| WILLIAM HENNESSEY | SECY TREASURER | $110,553 |
| TOM MATTOS | EXEC BOARD | $1,746 |
| FRANK MARASCIA | EXEC BOARD | $1,700 |
| JAMES MAZZARELLA | EXEC BOARD | $1,700 |
| KEVIN GLEASON | EXEC BOARD | $1,700 |
| CHRISTO VELA | EXEC BOARD | $1,200 |
Source: Office of Labor Management Standards
Year Covered: 2003 • Last Updated: June 12th, 2023