LM2 Operating Engineers local 68  LMS# 003-188 (7/1/2004-6/30/2005) Last revised 08/14/2007

FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT Form Approved
Office of Management and Budget
No. 1215-0188
Expires: 11-30-2006
MUST BE USED BY LABOR ORGANIZATIONS WITH $250,000 OR MORE IN TOTAL ANNUAL RECEIPTS AND LABOR ORGANIZATIONS IN TRUSTEESHIP

 
This report is mandatory 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
003-188
2. PERIOD COVERED
From 7/1/2004
Through 12/31/2004
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
ENGINEERS, OPERATING, AFL-CIO
 
5. DESIGNATION (Local, Lodge, etc.)
LOCAL UNION
 
6. DESIGNATION NBR
68
 
7. UNIT NAME (if any)

 
8. MAILING ADDRESS (Type or print in capital letters)
First Name
THOMAS
 
Last Name
GIBLIN
 
P.O Box - Building and Room Number

 
Number and Street
11 FAIRFIELD PLACE
City
WEST CALDWELL
State
NJ
ZIP Code + 4
07006


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: Thomas P Giblin PRESIDENT 27. SIGNED: William A Walsh TREASURER
Date: Mar 31, 2005 Contact Info:   Date: Mar 31, 2005 Contact Info:  
Form LM-2 (Revised 2003)

 
ITEMS 10 THROUGH 21 FILE NUMBER: 003-188
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? $500,000
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? 08/2005
20. How many members did the labor organization have at the end of the reporting period? 5,616
21. What ar the labor organization's rates of dues and fees?
 
Rates of Dues and Fees
Dues/Fees Amount   Unit Minimum Maximum
(a) Regular Dues/Fees 1 1/4%-3%+$4 per week 0 0
(b) Working Dues/Fees none per none 0 0
(c) Initiation Fees 125-313 per n/a 125 313
(d) Transfer Fees 1 per n/a 1 1
(e) Work Permits none per none 0 0

 
Form LM-2 (Revised 2003)

 
STATEMENT A - ASSETS AND LIABILITIES FILE NUMBER: 003-188

 
ASSETS
 
ASSETS Schedule
Number
Start of Reporting Period
(A)
End of Reporting Period
(B)
22. Cash   $1,295,252 $672,134
23. Accounts Receivable 1 $0 $5,135
24. Loans Receivable 2 $0 $0
25. U.S. Treasury Securities   $0 $0
26. Investments 5 $5,630,578 $6,858,371
27. Fixed Assets 6 $1,937,294 $1,714,828
28. Other Assets 7 $0 $510
29. TOTAL ASSETS   $8,863,124 $9,250,978

 
LIABILITIES
 
LIABILITIES Schedule
Number
Start of Reporting Period
(A)
End of Reporting Period
(B)
30. Accounts Payable 8 $0 $47,177
31. Loans Payable 9 $0 $0
32. Mortgages Payable   $0 $0
33. Other Liabilities 10 $115,136 $2,611
34. TOTAL LIABILITIES   $115,136 $49,788
   
35. NET ASSETS $8,747,988 $9,201,190
Form LM-2 (Revised 2003)

 
STATEMENT B - RECEIPTS AND DISBURSEMENTS FILE NUMBER: 003-188

 
CASH RECEIPTS SCH AMOUNT
36. Dues and Agency Fees   $2,961,939
37. Per Capita Tax   $0
38. Fees, Fines, Assessments, Work Permits   $45,026
39. Sale of Supplies   $0
40. Interest   $182,306
41. Dividends   $0
42. Rents   $0
43. Sale of Investments and Fixed Assets 3 $158,589
44. Loans Obtained 9 $0
45. Repayments of Loans Made 2 $0
46. On Behalf of Affiliates for Transmittal to Them   $2,944
47. From Members for Disbursement on Their Behalf   $0
48. Other Receipts 14 $10,969
49. TOTAL RECEIPTS   $3,361,773
CASH DISBURSEMENTS SCH AMOUNT
50. Representational Activities 15 $1,219,941
51. Political Activities and Lobbying 16 $6,612
52. Contributions, Gifts, and Grants 17 $169,203
53. General Overhead 18 $327,126
54. Union Administration 19 $136,990
55. Benefits 20 $542,500
56. Per Capita Tax   $298,198
57. Strike Benefits   $0
58. Fees, Fines, Assessments, etc.   $0
59. Supplies for Resale   $0
60. Purchase of Investments and Fixed Assets 4 $1,202,924
61. Loans Made 2 $0
62. Repayment of Loans Obtained 9 $0
63. To Affiliates of Funds Collected on Their Behalf   $2,415
64. On Behalf of Individual Members   $0
65. Direct Taxes   $69,047
  
66. Subtotal   $3,974,956
67. Withholding Taxes and Payroll Deductions    
  67a. Total Withheld $427,499    
  67b. Less Total Disbursed $437,434    
  67c. Total Withheld But Not Disbursed   -$9,935
68. TOTAL DISBURSEMENTS   $3,984,891
Form LM-2 (Revised 2003)

 
SCHEDULE 1 - ACCOUNTS RECEIVABLE AGING SCHEDULE FILE NUMBER: 003-188

 
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 $5,135 $0 $0 $0
TOTALS (Column (B) Total will be automatically entered in Item 23, Column (B)) $5,135 $0 $0 $0
Form LM-2 (Revised 2003)

 
SCHEDULE 2 - LOANS RECEIVABLE FILE NUMBER: 003-188

 
There was no data found for this schedule.

 
SCHEDULE 3 - SALE OF INVESTMENTS AND FIXED ASSETS FILE NUMBER: 003-188

 
Description (if land or buildings give location)
(A)
Cost
(B)
Book Value
(C)
Gross Sales Price
(D)
Amount Received
(E)
Total of all lines $657,767 $617,233 $660,000 $658,589
AFL-CIO Housing Investment Trust $500,000 $500,000 $500,000 $500,000
Building-1 Bridge Street, Metuchen, NJ $157,767 $117,233 $160,000 $158,589
  14. Less Reinvestments $500,000
(Net Sales total will automatically entered in Item 43) 15. Net Sales $158,589
Form LM-2 (Revised 2003)

 
SCHEDULE 4 - PURCHASE OF INVESTMENTS AND FIXED ASSETS FILE NUMBER: 003-188

 
Description (if land or buildings, give location)
(A)
Cost
(B)
Book Value
(C)
Cash Paid
(D)
Total of all lines $1,702,924 $1,702,924 $1,702,924
U. S. Government Securities $31,770 $31,770 $31,770
Corporate Debt $74,645 $74,645 $74,645
Mutual Funds $201,068 $201,068 $201,068
Common Stocks $1,114,749 $1,114,749 $1,114,749
State of Israel Bond $102,420 $102,420 $102,420
AFL-CIO Housing Investment Trust $178,272 $178,272 $178,272
  14. Less Reinvestments $500,000
(Net Purchases total will automatically entered in Item 60) 15. Net Purchases $1,202,924
Form LM-2 (Revised 2003)

 
SCHEDULE 5 - INVESTMENTS FILE NUMBER: 003-188

 
Description
(A)
Amount
(B)
Marketable Securities  
1. Total Cost $6,869,227
2. Total Book Value $6,858,371
3. List each marketable security which has a book value over $5000 and exceeds 5% of Line 2.   
  • AFL-CIO Housing Investment Trust
$5,343,948
Other Investments  
4. Total Cost  
5. Total Book Value  
6. List each other investment which has a book value over $5000, of Line 5.  Also list each Trust which is an investment.   
 
7. Total of Lines 2 and 5 (Total will be automatically entered in Item 26, Column(B)) $6,858,371
Form LM-2 (Revised 2003)

 
SCHEDULE 6 - FIXED ASSETS FILE NUMBER: 003-188

 
Description
(A)
Cost or Other Basis
(B)
Total Depreciation or
Amount Expensed
(C)
Book Value
(D)
Value
(E)
1. West Caldwell, NJ $107,397   $107,397 $107,397
1. Atlantic City, NJ $82,318   $82,318 $82,318
3. West Caldwell,NJ $1,381,158 $586,829 $794,329 $794,329
3. Atlantic City, NJ $438,597 $102,087 $336,510 $336,510
5. Automobiles and Other Vehicles $346,005 $115,335 $230,670 $230,670
6. Office Furniture and Equipment $1,064,028 $900,424 $163,604 $163,604
7. Other Fixed Assets $0 $0 $0 $0
8. Totals of Lines 1 through 7 (Column(D) Total will be automatically entered in Item 27, Column(B)) $3,419,503 $1,704,675 $1,714,828 $1,714,828
Form LM-2 (Revised 2003)

 
SCHEDULE 7 - OTHER ASSETS FILE NUMBER: 003-188

 
Description
(A)
Book Value
(B)
Total Other Assets (Total will be automatically entered in Item 28, Column(B)) $510
Due from IUOE Local 68 Charity Fund $510
Form LM-2 (Revised 2003)

 
SCHEDULE 8 - ACCOUNTS PAYABLE AGING SCHEDULE FILE NUMBER: 003-188

 
Entity or Individual Name
(A)
Total Account
Payable
(B)
90-180 Days
Past Due
(C)
180+ Days Past
Due
(D)
 
Liquidated Account
(E)
Total from all other accounts payable $47,177 $0 $0 $0
Total Accounts Payable (Column(B) Total will be automatically entered in Item 30, Column(D)) $47,177 $0 $0 $0
Form LM-2 (Revised 2003)

 
SCHEDULE 9 - LOANS PAYABLE FILE NUMBER: 003-188

 
There was no data found for this schedule.

 
SCHEDULE 10 - OTHER LIABILITIES FILE NUMBER: 003-188

 
Description
(A)
Amount at End of Period
(B)
Total Other Liabilities (Total will be automatically entered in Item 33, Column(D)) $2,611
Payroll Deductions $2,611
Form LM-2 (Revised 2003)

 
SCHEDULE 11 - ALL OFFICERS AND DISBURSEMENTS TO OFFICERS FILE NUMBER: 003-188

 
  (A)
Name
(B)
Title
(C)
Status
(D)
Gross Salary
Disbursements
(before any
deductions)
(E)
Allowances
Disbursed
(F)
Disbursements for Official Business
(G)
Other
Disbursements not reported in
(D) thru (F)
(H)
TOTAL
A
B
C
Vincent   J   Giblin
Business Manager
P
$96,807 $0 $1,132 $0 $97,939
I
Schedule 15
Representational Activities
70 % Schedule 16
Political Activities and Lobbying
0 % Schedule 17
Contributions
0 % Schedule 18
General Overhead
0 % Schedule 19
Administration
30 %
A
B
C
Thomas   P   Giblin
Business Manager
N
$66,560 $1,000 $1,668 $0 $69,228
I
Schedule 15
Representational Activities
55 % Schedule 16
Political Activities and Lobbying
5 % Schedule 17
Contributions
10 % Schedule 18
General Overhead
10 % Schedule 19
Administration
20 %
A
B
C
Dennis   J   Giblin
President
N
$44,501 $1,708 $0 $0 $46,209
I
Schedule 15
Representational Activities
90 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
10 %
A
B
C
George     Morrow
Vice President
C
$0 $2,500 $0 $0 $2,500
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Robert     Masterson
Financial Secretary
C
$91,782 $4,642 $0 $0 $96,424
I
Schedule 15
Representational Activities
98 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
2 % Schedule 19
Administration
%
A
B
C
Michael   V   Gann
Recording Secretary
C
$74,099 $1,600 $0 $0 $75,699
I
Schedule 15
Representational Activities
99 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
1 % Schedule 19
Administration
%
A
B
C
William     Walsh
Treasurer
C
$0 $2,400 $0 $0 $2,400
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Charles     McDonald
Trustee/Asst. Business Ag
C
$53,092 $1,600 $32 $0 $54,724
I
Schedule 15
Representational Activities
96 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
4 % Schedule 19
Administration
%
A
B
C
Carlos     Rodriquez
Conductor
C
$0 $900 $0 $0 $900
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Paul     Bulger
Guard
C
$0 $900 $0 $0 $900
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Manuel     Cuoto
Trustee
C
$0 $800 $0 $0 $800
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Richard     Slappy
Trustee
C
$0 $1,000 $0 $0 $1,000
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
John     Lombardo
Auditor
C
$0 $1,000 $0 $0 $1,000
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Thomas     Beere
Executive Board
C
$0 $800 $0 $0 $800
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
William     Freda
Executive Board
C
$0 $800 $0 $0 $800
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Brian     Jankowski
Executive Board
C
$0 $500 $0 $0 $500
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Gene     Munn
Executive Board
C
$0 $800 $0 $0 $800
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
John     Moore
Executive Board
C
$0 $700 $0 $0 $700
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Joseph     Schaedel
Auditor
C
$0 $1,000 $0 $0 $1,000
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Kevin     McManus
Executive Board
C
$0 $900 $0 $0 $900
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Sean     O'Neill
Executive Board
N
$0 $100 $0 $0 $100
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
Steven     Skirka
Executive Board
C
$0 $1,000 $0 $0 $1,000
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
A
B
C
William     Lawlor
Executive Board
C
$0 $900 $0 $0 $900
I
Schedule 15
Representational Activities
% Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
100 %
Total Officer Disbursements $426,841 $27,550 $2,832 $0 $457,223
Less Deductions         $133,374
Net Disbursements         $323,849
Form LM-2 (Revised 2003)

 
SCHEDULE 12 - DISBURSEMENTS TO EMPLOYEES FILE NUMBER: 003-188

 
  (A)
Name
(B)
Title
(C)
Other Payer
(D)
Gross Salary
Disbursements
(before any
deductions)
(E)
Allowances Disbursed
(F)
Disbursements for Official Business
(G)
Other Disbursements not reported in
(D) thru (F)
(H)
TOTAL
A
B
C
Edward   P   Boylan
Business Agent
none
$84,290 $4,542 $112 $0 $88,944
I
Schedule 15
Representational Activities
99 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
1 % Schedule 19
Administration
%
A
B
C
John     Radcliffe
Business Agent
none
$74,643 $600 $341 $0 $75,584
I
Schedule 15
Representational Activities
100 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
%
A
B
C
Stephen     McGuire
Business Agent
none
$141,344 $0 $0 $0 $141,344
I
Schedule 15
Representational Activities
100 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
%
A
B
C
James   J   Beirne
DIAF representative
none
$67,944 $1,300 $364 $0 $69,608
I
Schedule 15
Representational Activities
99 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
1 % Schedule 19
Administration
%
A
B
C
Patrick   T   Gilrane
Organizer
none
$59,246 $600 $32 $0 $59,878
I
Schedule 15
Representational Activities
99 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
1 % Schedule 19
Administration
%
A
B
C
Mary     Moriarty
Legal Counsel
none
$79,393 $0 $0 $0 $79,393
I
Schedule 15
Representational Activities
100 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
%
A
B
C
Robert   C   Adams
Information Systems
none
$53,092 $0 $0 $0 $53,092
I
Schedule 15
Representational Activities
89 % Schedule 16
Political Activities and Lobbying
1 % Schedule 17
Contributions
2 % Schedule 18
General Overhead
4 % Schedule 19
Administration
4 %
A
B
C
Kim     Albetta
Clerical
none
$47,627 $0 $0 $0 $47,627
I
Schedule 15
Representational Activities
35 % Schedule 16
Political Activities and Lobbying
5 % Schedule 17
Contributions
5 % Schedule 18
General Overhead
45 % Schedule 19
Administration
10 %
A
B
C
Suzanne     Corns
Clerical
none
$25,152 $0 $0 $0 $25,152
I
Schedule 15
Representational Activities
60 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
15 % Schedule 18
General Overhead
5 % Schedule 19
Administration
20 %
A
B
C
Denise     Costanza
Clerical
none
$18,600 $0 $0 $0 $18,600
I
Schedule 15
Representational Activities
100 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
%
A
B
C
Eileen     Coyne
Clerical
none
$29,335 $0 $0 $0 $29,335
I
Schedule 15
Representational Activities
100 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
%
A
B
C
Connie     Ferrace
Bookkeeping
none
$32,179 $0 $0 $0 $32,179
I
Schedule 15
Representational Activities
100 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
%
A
B
C
Mary     Holland
Clerical
none
$22,642 $0 $0 $0 $22,642
I
Schedule 15
Representational Activities
100 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
%
A
B
C
Doris     Jones
Clerical
none
$24,895 $0 $0 $0 $24,895
I
Schedule 15
Representational Activities
100 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
% Schedule 19
Administration
%
A
B
C
Salvatore     Costanza
Asst. Business Agent
none
$56,458 $600 $61 $0 $57,119
I
Schedule 15
Representational Activities
99 % Schedule 16
Political Activities and Lobbying
% Schedule 17
Contributions
% Schedule 18
General Overhead
1 % Schedule 19
Administration
%
A
B
C
Joseph   J   Donnelly
Organizer
none
$62,156 $600 $43 $0 $62,799