Musicians, Local 555
Basic Information
Local 555
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 | $78,312 |
| Total Liabilities | $27,947 |
| Total Income | $351,723 |
| Total Spent | $324,016 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $73,535 (+60.5%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $3,845 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $932 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $27,947 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $351,723 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $0 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021
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 2019
$324,016
Spending Overview
Spending Breakdown
| Representational | $6,109 (1.89%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $278,544 (85.97%) |
| Union Administration | $41,425 (12.78%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $47,533 (14.67%) |
| To Union Employees | $0 (0.00%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021
Membership
Total Members
0
Dues (per year)
$127
Membership Trend
| Year | Members |
|---|---|
| 2002 | 111 |
| 2003 | 7 |
| 2004 | 8 |
| 2005 | 8 |
| 2006 | 0 |
| 2007 | 0 |
| 2008 | 0 |
| 2009 | 0 |
| 2010 | 0 |
| 2011 | 0 |
| 2012 | 0 |
| 2014 | 125 |
| 2015 | 125 |
| 2016 | 80 |
| 2017 | 80 |
| 2018 | 0 |
| 2019 | 0 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021
Leaders & Salaries
Average Total Compensation
$5,734
Total Employees
9
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| MIGUEL RIVERA | PRESIDENT | $13,440 |
| FELIX GUADALUPE | SECRETARY - TREASURER | $11,964 |
| KATHERINE RIVERA | ADMINISTRATIVE ASSISTANT | $10,873 |
| EMMANUEL DIAZ | DELEGATE | $4,773 |
| GABRIEL PLACIDO | MEDICAL INSURANCE ADM | $4,443 |
| JOSE DE JESUS | DELEGATE | $4,068 |
| ELISA TORRES | DELEGATE | $682 |
| NATALIE LORCH | DELEGATE | $682 |
| RAFAEL ZAYAS | DELAGATE | $682 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021