Retail, Wholesale, and Department Store, Local 506
Basic Information
Local 506
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 | $331,628 |
| Total Liabilities | $0 |
| Total Income | $164,310 |
| Total Spent | $98,635 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $81,682 (+410.3%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $249,946 (+8.3%) |
| Fixed Assets | $0 (+8.3%) |
| 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 | $164,310 |
| 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: 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
$98,635
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $725 (0.74%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $5,094 (5.16%) |
| 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: 2021 • Last Updated: June 12th, 2023
Membership
Total Members
221
Income per Member
$743
Dues (per WEEK)
$9
Membership Trend
| Year | Members |
|---|---|
| 2002 | 473 |
| 2003 | 426 |
| 2004 | 348 |
| 2005 | 331 |
| 2006 | 292 |
| 2007 | 140 |
| 2008 | 132 |
| 2009 | 134 |
| 2010 | 117 |
| 2011 | 118 |
| 2012 | 137 |
| 2013 | 140 |
| 2014 | 171 |
| 2015 | 224 |
| 2016 | 243 |
| 2017 | 262 |
| 2018 | 173 |
| 2019 | 143 |
| 2020 | 220 |
| 2021 | 221 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$1,698
Total Employees
3
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| CHET CATO | VICE PRESIDENT | $2,581 |
| SHELIA HOLSTON | PRESIDENT | $1,304 |
| LAURA WRIGHT | SECRETARY-TREASURER | $1,209 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023