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Union Facts

Iron Workers, Local 580

Basic Information

Local 580

Quick Facts

Address

IRON WORKERS
501 W 42ND ST
NEW YORK, NY 10036

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 $36,443,286
Total Liabilities $17,062
Total Income $15,992,849
Total Spent $13,849,902

Total Assets Trend

Assets (Change from previous report)

Cash $6,301,082 (+51.5%)
Accounts Receivable $0 (0.0%)
Investments $15,607,507 (0.0%)
Fixed Assets $342,248 (0.0%)
Treasury Securities $14,192,449 (-50.9%)
Other Assets $0 (0.0%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $0
Accounts Payable $0
Other Liabilities $17,062
Mortgages $0

Income

Dues $1,076,013
Per Person Tax $0
Investments $7,975,553
Supplies $0
Loan Repayment $0
Interest $764,505
Dividends $0
Rents $0
Fees and Fines $6,095,173
Loans Obtained $0
Other Receipts $81,605
Affiliates $0
Members $0
Reinvestments $0
All Others $7,245

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.

Spending Overview

Spending Breakdown

Representational $853,132 (6.16%)
Political Activities and Lobbying $0 (0.00%)
Contributions, Gifts, and Grants $222,352 (1.61%)
General Overhead $1,009,774 (7.29%)
Union Administration $307,057 (2.22%)
Strike Benefits $0 (0.00%)
To Union Officers $534,836 (3.86%)
To Union Employees $111,769 (0.81%)
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

Membership Trend

YearMembers
20021,535
20031,626
20041,681
20052,102
20062,070
20072,108
20082,189
20092,208
20102,356
20112,261
20122,366
20132,373
20142,335
20152,388
20162,523
20172,484
20182,529
20192,595

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
PETER MYERSFINCL SEC TREAS/BUS MGR$178,491
JOSEPH NOLANBUSINESS AGENT$176,304
JOHN CUMBERLANDBUSINESS AGENT$166,576
THOMAS MILTONBUSINESS AGENT$165,704
KEVIN MCKEONRECORDING SEC/BUS AGENT$164,343
ASHLEY MARTINEZOFFICE STAFF$75,237
NATALIE NAZARIOOFFICE STAFF$69,264
SHEILA DOLANOFFICE STAFF$33,012
NANCY LUSARDIOFFICE STAFF$10,215
MICHAEL WENZELPRESIDENT$8,462

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021