Teamsters, Local 456
Basic Information
Local 456
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 | $5,617,101 |
| Total Liabilities | $372,297 |
| Total Income | $6,408,636 |
| Total Spent | $6,691,168 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $257,806 (-52.3%) |
| Accounts Receivable | $396,944 (+53.2%) |
| Investments | $3,723,387 (-5.9%) |
| Fixed Assets | $108,271 (-5.9%) |
| Treasury Securities | $891,728 (+81.9%) |
| Other Assets | $238,965 (+794.7%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $4,331,404 |
| Per Person Tax | $0 |
| Investments | $1,438,553 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $35,492 |
| Dividends | $70,155 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $380,095 |
| Affiliates | $152,937 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $2,040 |
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
$6,691,168
Spending Overview
Spending Breakdown
| Representational | $2,083,295 (31.13%) |
| Political Activities and Lobbying | $81,582 (1.22%) |
| Contributions, Gifts, and Grants | $88,781 (1.33%) |
| General Overhead | $693,325 (10.36%) |
| Union Administration | $222,398 (3.32%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $919,085 (13.74%) |
| To Union Employees | $471,175 (7.04%) |
| 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
6,910
Income per Member
$927
Dues (per Month)
$5
Membership Trend
| Year | Members |
|---|---|
| 2002 | 3,790 |
| 2003 | 3,965 |
| 2004 | 4,302 |
| 2005 | 6,100 |
| 2006 | 6,137 |
| 2007 | 6,267 |
| 2008 | 6,279 |
| 2009 | 6,171 |
| 2010 | 6,170 |
| 2011 | 6,363 |
| 2012 | 6,353 |
| 2013 | 6,413 |
| 2014 | 6,479 |
| 2015 | 6,491 |
| 2016 | 6,733 |
| 2017 | 6,792 |
| 2018 | 6,835 |
| 2019 | 6,867 |
| 2020 | 6,746 |
| 2021 | 6,910 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$121,566
Total Employees
17
Employees Making more than $75,000
9
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| LOUIS PICANI | PRESIDENT | $309,262 |
| JOSEPH SANSONE | SECRETARY TREASURER | $249,044 |
| DOMINICK CASSANELLI JR. | VICE PRESIDENT/BUS. AGENT | $224,519 |
| ANTHONY TORTORA | BUSINESS AGENT/ORGANIZER | $203,771 |
| ROGER TARANTO | RECORDING SECRETARY/ B.A. | $195,776 |
| ALBERT LIBERATORE | BUSINESS AGENT | $195,183 |
| EMILY ROSCIA | LABOR COUNSEL | $159,237 |
| NICHOLAS DEVYATKIN | LABOR COUNSEL | $133,292 |
| VINCENT FEDELE | BUILDING MAINTENANCE | $83,942 |
| TERESA SCHOLES | ADMIN. ASST. | $68,528 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023