U.S. Department of Labor
Employment Standards Administration
Office of Labor-Management Standards
Washington, DC 20210

FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT

Form Approved
Office of Management and Budget
No. 1215-0188
Expires: 12-31-2010

MUST BE USED BY LABOR ORGANIZATIONS WITH $250,000 OR MORE IN TOTAL ANNUAL RECEIPTS AND LABOR ORGANIZATIONS IN TRUSTEESHIP

 

This report is manadatory under P.L. 86-257, as amended.  Failure to comply may result in criminal prosecution, fines, or civil penalties as provided by 29 U.S.C. 439 or 440.

READ THE INSTRUCTIONS CAREFULLY BEFORE PREPARING THIS REPORT.

For Official Use Only

1. FILE NUMBER
024-035

2. PERIOD COVERED

From

1/1/2007

Through

12/31/2007

3.

(a) AMENDED - Is this an amended report:

No

 

(b) HARDSHIP - Filed under the hardship procedures:

No

 

(c) TERMINAL - This is a terminal report:

No

4. AFFILIATION OR ORGANIZATION NAME
ELECTRICAL WORKERS IBEW AFL-CIO

5. DESIGNATION (Local, Lodge, etc.)
LOCAL UNION

6. DESIGNATION NBR
47

7. UNIT NAME (if any)

8. MAILING ADDRESS (Type or print in capital letters)

First Name
PATRICK

Last Name
LAVIN

P.O Box - Building and Room Number

Number and Street
600 N DIAMOND BAR BLVD

City
DIAMOND BAR

State
CA

ZIP Code + 4
91765-1037



9. Are your organization's records kept at its mailing address?

Yes

 

Each of the undersigned, duly authorized officers of the above labor organization, declares, under penalty of perjury and other applicable penalties of law, that all of the information submitted in this report (including information contained in any accompanying documents) has been examined by the signatory and is, to the best of the undersigned individual's knowledge and belief, true, correct and complete (See Section V on penalties in the instructions.)

26. SIGNED:

Ron Delgado

PRESIDENT

27. SIGNED:

Patrick Lavin

TREASURER

Date:

Mar 31, 2008

Contact Info:

(909) 860-4239

Date:

Mar 31, 2008

Contact Info:

(909) 860-4239

 

Form LM-2 (Revised 2003)

ITEMS 10 THROUGH 21

FILE NUMBER: 024-035

 

10. During the reporting period did the labor organization create or participate in the administration of a trust or a fund or organization, as defined in the instructions, which provides benefits for members or beneficiaries?

Yes

11. During the reporting period did the labor organization have a Political Action Committee (PAC) fund?

Yes

12. During the reporting period did the labor organization have an audit or review of its books and records by an outside accountant or by a parent body auditor/representative?

Yes

13. During the reporting period did the labor organization discover any loss or shortage of funds or other assets? (Answer "Yes" even if there has been repayment or recovery.)

No

14. What is the maximum amount recoverable under the labor organization's fidelity bond for a loss caused by any officer, employee or agent of the labor organization who handled union funds?

$555,000

15. During the reporting period did the labor organization acquire or dispose of any assets in a manner other than purchase or sale?

No

16. Were any of the labor organization's assets pledged as security or encumbered in any way at the end of the reporting period?

No

17. Did the labor organization have any contingent liabilities at the end of the reporting period?

No

18. During the reporting period did the labor organization have any changes in its constitution or bylaws, other than rates of dues and fees, or in practices/procedures listed in the instructions?

No

19. What is the date of the labor organization's next regular election of officers?

06/2008

20. How many members did the labor organization have at the end of the reporting period?

7,036

21. What are the labor organization's rates of dues and fees?

Rates of Dues and Fees

Dues/Fees

Amount

 

Unit

Minimum

Maximum

(a) Regular Dues/Fees

ITEM 69

per

N/A

 

 

(b) Working Dues/Fees

0

per

N/A

 

 

(c) Initiation Fees

$20.00

per

N/A

 

 

(d) Transfer Fees

0

per

N/A

 

 

(e) Work Permits

0

per

N/A

 

 

 

Form LM-2 (Revised 2003)

STATEMENT A - ASSETS AND LIABILITIES

FILE NUMBER: 024-035

 

ASSETS

 

ASSETS

Schedule
Number

Start of Reporting Period
(A)

End of Reporting Period
(B)

22. Cash

 

$2,194,610

$2,752,339

23. Accounts Receivable

1

$370,017

$313,318

24. Loans Receivable

2

$0

$0

25. U.S. Treasury Securities

 

$0

$0

26. Investments

5

$131,703

$444,062

27. Fixed Assets

6

$2,331,555

$2,181,080

28. Other Assets

7

$6,871

$23,454

29. TOTAL ASSETS

 

$5,034,756

$5,714,253

 

LIABILITIES

 

LIABILITIES

Schedule
Number

Start of Reporting Period
(A)

End of Reporting Period
(B)

30. Accounts Payable

8

$471,239

$501,213

31. Loans Payable

9

$0

$0

32. Mortgages Payable

 

$0

$0

33. Other Liabilities

10

$7,266

$8,504

34. TOTAL LIABILITIES

 

$478,505

$509,717

 

 

 

 

 

35. NET ASSETS

$4,556,251

$5,204,536

 

Form LM-2 (Revised 2003)

STATEMENT B - RECEIPTS AND DISBURSEMENTS

FILE NUMBER: 024-035

 

CASH RECEIPTS

SCH

AMOUNT

36. Dues and Agency Fees

 

$8,983,447

37. Per Capita Tax

 

$0

38. Fees, Fines, Assessments, Work Permits

 

$0

39. Sale of Supplies

 

$8,907

40. Interest

 

$126,415

41. Dividends

 

$20,065

42. Rents

 

$0

43. Sale of Investments and Fixed Assets

3

$454,552

44. Loans Obtained

9

$0

45. Repayments of Loans Made

2

$0

46. On Behalf of Affiliates for Transmittal to Them

 

$0

47. From Members for Disbursement on Their Behalf

 

$19,421

48. Other Receipts

14

$32,866

49. TOTAL RECEIPTS

 

$9,645,673

CASH DISBURSEMENTS

SCH

AMOUNT

50. Representational Activities

15

$2,574,284

51. Political Activities and Lobbying

16

$150,320

52. Contributions, Gifts, and Grants

17

$36,175

53. General Overhead

18

$1,428,958

54. Union Administration

19

$1,450,202

55. Benefits

20

$983,531

56. Per Capita Tax

 

$1,372,946

57. Strike Benefits

 

$0

58. Fees, Fines, Assessments, etc.

 

$0

59. Supplies for Resale

 

$77,011

60. Purchase of Investments and Fixed Assets

4

$776,519

61. Loans Made

2

$0

62. Repayment of Loans Obtained

9

$0

63. To Affiliates of Funds Collected on Their Behalf

 

$0

64. On Behalf of Individual Members

 

$7,795

65. Direct Taxes

 

$231,440

  

66. Subtotal

 

$9,089,181

67. Withholding Taxes and Payroll Deductions

 

 

  67a. Total Withheld

$1,483,587

 

 

  67b. Less Total Disbursed

$1,482,350

 

 

  67c. Total Withheld But Not Disbursed

 

$1,237

68. TOTAL DISBURSEMENTS

 

$9,087,944

 

Form LM-2 (Revised 2003)

SCHEDULE 1 - ACCOUNTS RECEIVABLE AGING SCHEDULE

FILE NUMBER: 024-035

 

Entity or Individual Name
(A)

Total Account Receivable
(B)

90-180 Days
Past Due
(C)

180+ Days
Past Due
(D)

Liquidated Account
Receivable
(E)

Totals from all other accounts receivable

$313,318

$0

$0

$0

TOTALS (Column (B) Total will be automatically entered in Item 23, Column (B))

$313,318

$0

$0

$0

 

Form LM-2 (Revised 2003)

SCHEDULE 2 - LOANS RECEIVABLE

FILE NUMBER: 024-035

 

There was no data found for this schedule.

 

SCHEDULE 3 - SALE OF INVESTMENTS AND FIXED ASSETS

FILE NUMBER: 024-035

 

Description (if land or buildings give location)
(A)

Cost
(B)

Book Value
(C)

Gross Sales Price
(D)

Amount Received
(E)

Total of all lines

$648,443

$432,710

$454,552

$454,552

AUTOMOBILES

$319,106

$105,994

$97,550

$97,550

LND,BLDG,&BI. 1405 SPRUCE ST., RIVERSIDE, CA 92507

$329,337

$326,716

$357,002

$357,002

 

14. Less Reinvestments

$0

(Net Sales total will automatically entered in Item 43)

15. Net Sales

$454,552

 

Form LM-2 (Revised 2003)

SCHEDULE 4 - PURCHASE OF INVESTMENTS AND FIXED ASSETS

FILE NUMBER: 024-035

 

Description (if land or buildings, give location)
(A)

Cost
(B)

Book Value
(C)

Cash Paid
(D)

Total of all lines

$776,519

$776,519

$776,519

MUNICIPAL BONDS

$300,000

$300,000

$300,000

AUTOMOBILES

$451,798

$451,798

$451,798

FURNITURE AND EQUIPMENT

$24,721

$24,721

$24,721

 

14. Less Reinvestments

$0

(Net Purchases total will automatically entered in Item 60)

15. Net Purchases

$776,519

 

Form LM-2 (Revised 2003)

SCHEDULE 5 - INVESTMENTS

FILE NUMBER: 024-035

 

Description
(A)

Amount
(B)

Marketable Securities

 

1. Total Cost

$300,000

2. Total Book Value

$444,062

3. List each marketable security which has a book value over $5000 and exceeds 5% of Line 2.

  

  • PRUDENTIAL - COMMON STOCK

$121,324
  • MUNICIPAL BONDS

$300,000

Other Investments

 

4. Total Cost

$0

5. Total Book Value

$0

6. List each other investment which has a book value over $5000, of Line 5.  Also list each Trust which is an investment.

  

  • N/A