Machinists, Lodge 458 - Iam Lodge 458
Basic Information
Local 458
(IAM LODGE 458)
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 | $35,992 |
| Total Liabilities | $0 |
| Total Income | $21,716 |
| Total Spent | $34,607 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $35,992 (-26.4%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $0 (0.0%) |
| 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 | $20,561 |
| 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 | $1,155 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2006 • 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 2006
$34,607
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $3,768 (10.89%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $6,826 (19.72%) |
| To Union Employees | $13,447 (38.86%) |
| Education | $0 (0.00%) |
| Fees | $50 (0.14%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2006 • Last Updated: June 12th, 2023
Membership
Total Members
179
Income per Member
$121
Membership Trend
| Year | Members |
|---|---|
| 2003 | 227 |
| 2004 | 231 |
| 2005 | 204 |
| 2006 | 179 |
| 2007 | 0 |
Source: Office of Labor Management Standards
Year Covered: 2006 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$1,259
Total Employees
7
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| THOMAS FARMER | VICE PRESIDENT | $4,383 |
| DAVID CRAFT | PRESIDENT | $2,379 |
| PHILLIP WELCH | TRUSTEE | $1,264 |
| KAREN SALVUCCI-EBLEN | SECRETARY TREASURER | $492 |
| WILLIAM BARRETT | RECORDING SECRETARY | $294 |
| JACKIE WOODS | TRUSTEE | $0 |
| SCOTTY PHILLIPS | TRUSTEE | $0 |
Source: Office of Labor Management Standards
Year Covered: 2006 • Last Updated: June 12th, 2023