Center for Union Facts logo

Union Facts

Plumbers, Local 550

Basic Information

Local 550

Quick Facts

Address

PLUMBERS
46 ROCKLAND STREET
BOSTON, MA 21326312

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 $3,873,803
Total Liabilities $118,928
Total Income $5,934,727
Total Spent $5,858,052

Total Assets Trend

Assets (Change from previous report)

Cash $2,779,703 (+2.8%)
Accounts Receivable $397,464 (-11.0%)
Investments $529,677 (0.0%)
Fixed Assets $162,173 (0.0%)
Treasury Securities $0 (0.0%)
Other Assets $4,786 (-45.6%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $0
Accounts Payable $118,928
Other Liabilities $0
Mortgages $0

Income

Dues $2,278,399
Per Person Tax $0
Investments $0
Supplies $0
Loan Repayment $0
Interest $36,682
Dividends $0
Rents $0
Fees and Fines $3,440,905
Loans Obtained $0
Other Receipts $178,741
Affiliates $0
Members $0
Reinvestments $0
All Others $5,960

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 $3,442,120 (58.76%)
Political Activities and Lobbying $204,529 (3.49%)
Contributions, Gifts, and Grants $49,077 (0.84%)
General Overhead $565,223 (9.65%)
Union Administration $123,080 (2.10%)
Strike Benefits $0 (0.00%)
To Union Officers $333,885 (5.70%)
To Union Employees $196,016 (3.35%)
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
2002527
2003553
2004553
2005597
2006659
2007640
2008611
2009599
2010593
2011584
2012588
2013599
2014624
2015650
2016699
2017725
2018739
2019803

Source: Office of Labor Management Standards

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

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
PETER GIBBONSSEC-TREAS/BUSINESS MGR$203,766
MARK FORTUNEBUSINESS AGENT$192,073
MATTHEW JONESORGANIZER$179,911
TERRENCE KERRINTERNAL ACCOUNTANT$131,781
ROBIN GELBWACHSSECRETARY$88,755
THERESE HOOPERSECRETARY$64,573
MICHAEL KADLICKIOFFICE INTERN$12,600
$2,032
DANIEL LANEFINANCE BOARD$0
THOMAS BUCKLEYINSIDE GUARD$0

Source: Office of Labor Management Standards

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