Longshoremens Association, Local 1426
Basic Information
Local 1426
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 | $1,731,313 |
| Total Liabilities | $2,492 |
| Total Income | $1,094,223 |
| Total Spent | $865,622 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,510,543 (+17.8%) |
| Accounts Receivable | $0 (-100.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $220,770 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $1,057,817 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $103 |
| Dividends | $0 |
| Rents | $21,850 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $14,453 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $1,571 |
Source: Office of Labor Management Standards
Year Covered: 2022 • 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 2022
$865,622
Spending Overview
Spending Breakdown
| Representational | $78,859 (9.11%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $4,881 (0.56%) |
| General Overhead | $137,332 (15.87%) |
| Union Administration | $484,786 (56.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $201,390 (23.27%) |
| To Union Employees | $47,200 (5.45%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
144
Income per Member
$7,599
Dues (per year)
$20
Membership Trend
| Year | Members |
|---|---|
| 2002 | 305 |
| 2003 | 267 |
| 2004 | 267 |
| 2005 | 267 |
| 2006 | 230 |
| 2007 | 203 |
| 2008 | 238 |
| 2009 | 217 |
| 2010 | 223 |
| 2011 | 219 |
| 2012 | 173 |
| 2014 | 148 |
| 2015 | 153 |
| 2016 | 150 |
| 2017 | 141 |
| 2018 | 116 |
| 2019 | 137 |
| 2020 | 107 |
| 2021 | 112 |
| 2022 | 144 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$20,055
Total Employees
19
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| FRED SPAIN | BUSINESS AGENT | $131,000 |
| GREGORY WASHINGTON | PRESIDENT | $117,471 |
| REGINALD ATWOOD | FINANCIAL SECRETARY/TREA | $46,359 |
| ERICA KEA | SECRETARY | $35,550 |
| $23,120 | ||
| TERRY VAUGHT | RECORDING SECRETARY | $5,496 |
| SAMUEL BROWN | VICE-PRESIDENT | $5,235 |
| ERIC ATWOOD | RECORDING SECRETARY | $4,500 |
| ERNEST GANGUM | EXECUTIVE BOARD | $2,719 |
| ANTHONY GRAHAM | EXECUTIVE BOARD | $2,569 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023