Iron Workers, Local 623
Basic Information
Local 623
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 | $1,873,334 |
Total Liabilities | $5,454 |
Total Income | $1,378,562 |
Total Spent | $1,361,736 |
Total Assets Trend
Assets (Change from previous report)
Cash | $1,512,107 (+1.1%) |
Accounts Receivable | $0 (0.0%) |
Investments | $0 (0.0%) |
Fixed Assets | $361,142 (0.0%) |
Treasury Securities | $0 (0.0%) |
Other Assets | $85 (0.0%) |
Loans Receivable | $0 (0.0%) |
Liabilities
Loans Payable | $0 |
Accounts Payable | $0 |
Other Liabilities | $5,454 |
Mortgages | $0 |
Income
Dues | $1,281,110 |
Per Person Tax | $0 |
Investments | $0 |
Supplies | $787 |
Loan Repayment | $0 |
Interest | $7,362 |
Dividends | $0 |
Rents | $9,600 |
Fees and Fines | $0 |
Loans Obtained | $0 |
Other Receipts | $79,703 |
Affiliates | $0 |
Members | $0 |
Reinvestments | $0 |
All Others | $33,180 |
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
$1,361,736
Spending Overview
Spending Breakdown
Representational | $357,173 (26.23%) |
Political Activities and Lobbying | $0 (0.00%) |
Contributions, Gifts, and Grants | $450 (0.03%) |
General Overhead | $283,134 (20.79%) |
Union Administration | $38,929 (2.86%) |
Strike Benefits | $0 (0.00%) |
To Union Officers | $268,345 (19.71%) |
To Union Employees | $44,163 (3.24%) |
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
863
Income per Member
$1,597
Dues (per MAN)
$35
Membership Trend
Year | Members |
---|---|
2002 | 642 |
2003 | 598 |
2004 | 550 |
2005 | 505 |
2006 | 479 |
2007 | 475 |
2008 | 519 |
2009 | 448 |
2010 | 746 |
2011 | 720 |
2012 | 777 |
2013 | 716 |
2014 | 697 |
2015 | 730 |
2016 | 612 |
2017 | 606 |
2018 | 809 |
2019 | 840 |
2020 | 743 |
2021 | 1,012 |
2022 | 863 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$34,343
Total Employees
12
Employees Making more than $75,000
4
Top Ten Highest Paid Leaders
Name | Title | Total Compensation |
---|---|---|
LUKE WAGGENSPACK | PRESIDENT | $88,996 |
HERMAN ADAMS | BUS. MGR/FIN SEC - TR | $87,523 |
JOSHUA SONNIER | RECORDING SECRETARY | $86,747 |
ALDO IRIAS-DURON | VICE PRESIDENT | $85,925 |
TAMMY STEVENS | BOOKKEEPER | $57,475 |
JOHN FONTENOT | PRESIDENT | $5,451 |
DAVID BROWN | EXECUTIVE COMMITTEE | $0 |
DENNIS DEVILER | SERGEANT OF ARMS | $0 |
GREGORY MOUGEOT | EXAMINING COMMITTEE | $0 |
JAMES FOSTER | EXAMINING COMMITTEE | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023