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Union Facts

Iron Workers, Local 40

Basic Information

Local 40

Quick Facts

Address

IRON WORKERS
451 PARK AVENUE S
NEW YORK, NY 10016

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 $46,676,893
Total Liabilities $94,732
Total Income $7,864,318
Total Spent $6,441,917

Total Assets Trend

Assets (Change from previous report)

Cash $18,630,566 (+8.3%)
Accounts Receivable $0 (0.0%)
Investments $28,046,327 (+9.9%)
Fixed Assets $0 (+9.9%)
Treasury Securities $0 (-100.0%)
Other Assets $0 (0.0%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $0
Accounts Payable $0
Other Liabilities $94,732
Mortgages $0

Income

Dues $826,974
Per Person Tax $0
Investments $0
Supplies $68,736
Loan Repayment $0
Interest $840,207
Dividends $0
Rents $0
Fees and Fines $5,912,834
Loans Obtained $0
Other Receipts $215,567
Affiliates $0
Members $0
Reinvestments $89,847
All Others $109,550

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 $752,261 (11.68%)
Political Activities and Lobbying $175 (0.00%)
Contributions, Gifts, and Grants $1,177,055 (18.27%)
General Overhead $916,207 (14.22%)
Union Administration $181,949 (2.82%)
Strike Benefits $0 (0.00%)
To Union Officers $476,252 (7.39%)
To Union Employees $91,459 (1.42%)
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
20021,372
20031,423
20041,433
20051,450
20061,464
20071,459
20081,615
20091,588
20101,595
20111,767
20121,788
20131,790
20141,767
20151,793
20162,103
20172,092
20182,034
20192,075

Source: Office of Labor Management Standards

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

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
ROBERT WALSHBUS MGR/FIN SECTRY.TREAS$299,992
DANIEL DOYLEPRESIDENT/BUSINESS AGENT$260,164
CHRISTOPHER WALSHRECORD SECRETARY/BUSINESS$255,263
AGNES DALYOFFICE MANAGER$131,603
ELIZABETH CORRIGANSTAFF MEMBER$90,394
WARREN ALLENVICE PRESIDENT$4,500
LEONARD NESSEXAMINING BOARD$3,967
MICHAEL EMERSONEXAMINING BOARD$3,967
MARK DONNELLYTRUSTEE$3,900
STEVEN KENNEDYTRUSTEE$3,900

Source: Office of Labor Management Standards

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

Recent Contract Negotiations

Map of recent contract negotiations
IndustryContracts
Construction1