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Union Facts

Iron Workers, Local 495

Basic Information

Local 495

Quick Facts

Address

IRON WORKERS
2524 BAYLOR SE
ALBUQUERQUE, NM 87106

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 $1,606,479
Total Liabilities $6,071
Total Income $670,386
Total Spent $770,773

Total Assets Trend

Assets (Change from previous report)

Cash $795,152 (-11.2%)
Accounts Receivable $0 (0.0%)
Investments $793,561 (+0.1%)
Fixed Assets $17,766 (+0.1%)
Treasury Securities $0 (0.0%)
Other Assets $0 (0.0%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $0
Accounts Payable $0
Other Liabilities $6,071
Mortgages $0

Income

Dues $592,686
Per Person Tax $0
Investments $0
Supplies $0
Loan Repayment $0
Interest $954
Dividends $0
Rents $0
Fees and Fines $0
Loans Obtained $0
Other Receipts $76,746
Affiliates $0
Members $0
Reinvestments $0
All Others $76,746

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.

Spending Overview

Spending Breakdown

Representational $194,721 (25.26%)
Political Activities and Lobbying $0 (0.00%)
Contributions, Gifts, and Grants $0 (0.00%)
General Overhead $84,260 (10.93%)
Union Administration $147,873 (19.19%)
Strike Benefits $0 (0.00%)
To Union Officers $58,525 (7.59%)
To Union Employees $130,512 (16.93%)
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

Membership Trend

YearMembers
2002357
2003340
2004336
2005314
2006329
2007351
2008256
2009353
2010319
2011326
2012285
2013274
2014293
2015279
2016270
2017286
2018294
2019294
2020279
2021347
2022323

Source: Office of Labor Management Standards

Year Covered: 2022  •  Last Updated: June 12th, 2023

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
JEFFREY STEELEBUSINESS MANAGER/ FIN SEC$77,929
MICHAEL HERRERAORGANIZER$65,519
VALERIE CHAVEZADMINISTRATION$47,338
PAUL SANCHEZTRAINING COORDINATOR$42,320
PHIL MARTINEZMAINTENANCE$20,927
MAX BACAE-BOARD$0
JORDAN STEELEE-BOARD$0
PATRICK PADILLAE-BOARD$0
PAUL SANCHEZPRESIDENT$0
ISAIAH LUEVANOE-BOARD$0

Source: Office of Labor Management Standards

Year Covered: 2022  •  Last Updated: June 12th, 2023

Crime, Corruption & Racketeering

The Office of Labor-Management Standards (OLMS) conducts investigations to determine if violations of the Labor-Management Relations and Disclosure Act (LMRDA) provisions have occurred.

Investigations are initiated based on various sources such as complaints from union members; information developed by OLMS as a result of reviewing reports filed; information developed during an OLMS audit of a union’s books and records; and information obtained from other government agencies. Investigations may involve civil matters (such as an election of union officers) or criminal matters (such as embezzlement of union funds).

Corruption and Embezzlement Charges

Type of Criminal ActivityNumber of Instances
criminal charges2
embezzlement charges2
Guilty Pleas2
Officials Sentenced1

Some incidents may be accounted for in multiple categories.

Source: Office of Labor-Management Standards

Last Updated: April 8th, 2021

Financial Audits

The Office of Labor-Management Standards (OLMS) has responsibility under the Labor-Management Relations and Disclosure Act (LMRDA) to conduct audits to determine if unions are complying with the law.

OLMS uses a streamlined audit approach called the Compliance Audit Program (CAP) to audit local unions which utilizes specialized records review and investigative techniques to verify LMRDA compliance.

Source: Office of Labor-Management Standards

Last Updated: November 15th, 2016