Lm2 for IUOE (Operating Engineers) Local 98 LMS # 019-823 (7/1/2004-6/30/2005) courtesy of Laborers for JUSTICE

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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
019-823
2. PERIOD COVERED
From 7/1/2004
Through 6/30/2005
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
98
 
7. UNIT NAME (if any)

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

 
Number and Street
2 CENTER SQUARE
City
EAST LONGMEADOW
State
MA		 ZIP Code + 4
01028


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: DAVID A CARDIMINO PRESIDENT 27. SIGNED: PHILIP C CHAFFEE TREASURER
Date: Sep 22, 2005 Contact Info:   Date: Sep 22, 2005 Contact Info:  
Form LM-2 (Revised 2003)

 
ITEMS 10 THROUGH 21 FILE NUMBER: 019-823
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? $300,000
15. During the reporting period did the labor organization acquire or dispose of any assets in a manner other than purchase or sale? Yes
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? Yes
19. What is the date of the labor organization's next regular election of officers? 08/2006
20. How many members did the labor organization have at the end of the reporting period? 1,291
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 0 per PER MONTH 11.50 20.00
(b) Working Dues/Fees .10 per PER HOUR 1% OF WAGES 2.5% OF WAGES
(c) Initiation Fees 0 per EACH 162.50 625.00
(d) Transfer Fees 0 per 0 0 0
(e) Work Permits 0 per 0 0 0

 
Form LM-2 (Revised 2003)

 
STATEMENT A - ASSETS AND LIABILITIES FILE NUMBER: 019-823

 
ASSETS
 
ASSETS Schedule
Number 		Start of Reporting Period
(A) 		End of Reporting Period
(B)
22. Cash   $1,067,100 $921,817
23. Accounts Receivable 1 $0 $0
24. Loans Receivable 2 $0 $0
25. U.S. Treasury Securities   $0 $0
26. Investments 5 $461,135 $584,971
27. Fixed Assets 6 $131,012 $139,350
28. Other Assets 7 $0 $0
29. TOTAL ASSETS   $1,659,247 $1,646,138

 
LIABILITIES
 
LIABILITIES Schedule
Number 		Start of Reporting Period
(A) 		End of Reporting Period
(B)
30. Accounts Payable 8 $0 $0
31. Loans Payable 9 $0 $0
32. Mortgages Payable   $0 $0
33. Other Liabilities 10 $2,148 $1,734
34. TOTAL LIABILITIES   $2,148 $1,734
   
35. NET ASSETS $1,657,099 $1,644,404
Form LM-2 (Revised 2003)

 
STATEMENT B - RECEIPTS AND DISBURSEMENTS FILE NUMBER: 019-823

 
CASH RECEIPTS SCH AMOUNT
36. Dues and Agency Fees   $1,148,413
37. Per Capita Tax   $0
38. Fees, Fines, Assessments, Work Permits   $27,747
39. Sale of Supplies   $0
40. Interest   $48,749
41. Dividends   $0
42. Rents   $0
43. Sale of Investments and Fixed Assets 3 $125,000
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   $0
48. Other Receipts 14 $113,962
49. TOTAL RECEIPTS   $1,463,871
CASH DISBURSEMENTS SCH AMOUNT
50. Representational Activities 15 $438,049
51. Political Activities and Lobbying 16 $28,471
52. Contributions, Gifts, and Grants 17 $17,779
53. General Overhead 18 $227,655
54. Union Administration 19 $48,613
55. Benefits 20 $222,796
56. Per Capita Tax   $128,437
57. Strike Benefits   $0
58. Fees, Fines, Assessments, etc.   $45,498
59. Supplies for Resale   $0
60. Purchase of Investments and Fixed Assets 4 $321,693
61. Loans Made 2 $0
62. Repayment of Loans Obtained 9 $0
63. To Affiliates of Funds Collected on Their Behalf   $81,511
64. On Behalf of Individual Members   $0
65. Direct Taxes   $48,210
  
66. Subtotal   $1,608,712
67. Withholding Taxes and Payroll Deductions    
  67a. Total Withheld $115,872    
  67b. Less Total Disbursed $116,314    
  67c. Total Withheld But Not Disbursed   -$442
68. TOTAL DISBURSEMENTS   $1,609,154
Form LM-2 (Revised 2003)

 
SCHEDULE 1 - ACCOUNTS RECEIVABLE AGING SCHEDULE FILE NUMBER: 019-823

 
There was no data found for this schedule.

 
SCHEDULE 2 - LOANS RECEIVABLE FILE NUMBER: 019-823

 
There was no data found for this schedule.

 
SCHEDULE 3 - SALE OF INVESTMENTS AND FIXED ASSETS FILE NUMBER: 019-823

 
Description (if land or buildings give location)
(A) 		Cost
(B) 		Book Value
(C) 		Gross Sales Price
(D) 		Amount Received
(E)
Total of all lines $124,891 $124,891 $125,000 $125,000
CORP BONDS $124,891 $124,891 $125,000 $125,000
  14. Less Reinvestments $0
(Net Sales total will automatically entered in Item 43) 15. Net Sales $125,000
Form LM-2 (Revised 2003)

 
SCHEDULE 4 - PURCHASE OF INVESTMENTS AND FIXED ASSETS FILE NUMBER: 019-823

 
Description (if land or buildings, give location)
(A) 		Cost
(B) 		Book Value
(C) 		Cash Paid
(D)
Total of all lines $362,171 $362,171 $321,693
OFFICE EQUIPMENT $11,571 $11,571 $11,571
AUTO $91,175 $91,175 $50,697
CORP BONDS $259,425 $259,425 $259,425
  14. Less Reinvestments $0
(Net Purchases total will automatically entered in Item 60) 15. Net Purchases $321,693
Form LM-2 (Revised 2003)

 
SCHEDULE 5 - INVESTMENTS FILE NUMBER: 019-823

 
Description
(A) 		Amount
(B)
Marketable Securities  
1. Total Cost $585,705
2. Total Book Value $584,971
3. List each marketable security which has a book value over $5000 and exceeds 5% of Line 2.   
  • TELE-COMMUNICATION INC, 08/01/05, 7.250%
$50,108
  • CIT GROUP INC, 12/15/05, 4.200%
$49,940
  • MAGYAR BK, 05/25/06, 3.650%
$29,907
  • MIDLAND BANK, 06/15/06, 7.625%
$51,589
  • BENEFICIAL MSB, 05/11/07, 3.950%
$29,855
  • MERRILL LYNCH CO, 06/12//07, 5.000%
$51,169
  • VILLAGE BK & TR, 02/11/08, 3.700%
$49,171
  • INT'L LEASE FIN, 11/15/08, 3.550%
$48,449
  • CITIGROUP INC, 02/09/09, 3.625%
$49,174
  • BEAR STEARNS, 10/28/10, 4.500%
$50,266
  • WAL-MART STORES, 02/15/11, 4.125%
$49,747
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)) $584,971
Form LM-2 (Revised 2003)

 
SCHEDULE 6 - FIXED ASSETS FILE NUMBER: 019-823

 
Description
(A) 		Cost or Other Basis
(B) 		Total Depreciation or
Amount Expensed
(C) 		Book Value
(D) 		Value
(E)
1. Land (give location) $0   $0 $0
3. Buildings (give location) $0 $0 $0 $0
5. Automobiles and Other Vehicles $164,198 $48,063 $111,784 $111,784
6. Office Furniture and Equipment $92,220 $5,867 $27,566 $27,566
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)) $256,418 $53,930 $139,350 $139,350
Form LM-2 (Revised 2003)

 
SCHEDULE 7 - OTHER ASSETS FILE NUMBER: 019-823

 
There was no data found for this schedule.

 
SCHEDULE 8 - ACCOUNTS PAYABLE AGING SCHEDULE FILE NUMBER: 019-823

 
There was no data found for this schedule.

 
SCHEDULE 9 - LOANS PAYABLE FILE NUMBER: 019-823

 
There was no data found for this schedule.

 
SCHEDULE 10 - OTHER LIABILITIES FILE NUMBER: 019-823

 
Description
(A) 		Amount at End of Period
(B)
Total Other Liabilities (Total will be automatically entered in Item 33, Column(D)) $1,734
PAYROLL WITHHOLDINGS $1,734
Form LM-2 (Revised 2003)

 
SCHEDULE 11 - ALL OFFICERS AND DISBURSEMENTS TO OFFICERS FILE NUMBER: 019-823

 
  (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 		DAVID   A   CARDIMINO
BUS MANAGER / PRESIDENT
C		 $91,630 $0 $5,620 $2,241 $99,491
I
Schedule 15
Representational Activities 		70 % Schedule 16
Political Activities and Lobbying 		15 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		5 % Schedule 19
Administration 		10 %
A
B
C 		ROBERT   R   RUSSO JR
VICE PRESIDENT / AUDITOR
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		ERIC   J   MCGRATH
FINANCIAL SEC / TRUSTEE
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		PHILIP   C   CHAFFEE
TREASURER
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		JASON   S   ZIEBA
RECORDING SECRETARY
N		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		ANTHONY   M   CONSOLINI
RECORDING SECRETARY
P		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		ANTHONY     HOLDEN
CONDUCTOR/AUDITOR/EXEC BD
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		JEFFREY   R   DOWNEY
GUARD
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		ROBERT     MUCHA
AUDITOR
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		PAUL   R   MULLEN
EXECUTIVE BOARD
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		ROBERT   O   LUCIDO
EXECUTIVE BOARD
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		SCOTT   A   LANG
EXECUTIVE BOARD / TRUSTEE
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		RONALD   W   DeANGELIS
EXEC BD/AUDITOR
P		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		MICHAEL     CHAPIN
TRUSTEE
C		 $0 $0 $0 $0 $0
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
Total Officer Disbursements $91,630 $0 $5,620 $2,241 $99,491
Less Deductions         $25,170
Net Disbursements         $74,321
Form LM-2 (Revised 2003)

 
SCHEDULE 12 - DISBURSEMENTS TO EMPLOYEES FILE NUMBER: 019-823

 
  (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 		ROBERT   O   LUCIDO
BUSINESS REP
N/A		 $72,675 $0 $3,387 $1,364 $77,426
I
Schedule 15
Representational Activities 		85 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		5 % Schedule 19
Administration 		10 %
A
B
C 		EUGENE   P   MELVILLE, JR
BUSINESS REP
N/A		 $71,101 $0 $6,689 $1,461 $79,251
I
Schedule 15
Representational Activities 		80 % Schedule 16
Political Activities and Lobbying 		5 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		5 % Schedule 19
Administration 		10 %
A
B
C 		CHARLES   P   DESROCHER
ORGANIZER
N/A		 $55,650 $0 $4,035 $595 $60,280
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		PHILIP   D   OBRIEN
ORGANIZER
N/A		 $55,997 $0 $4,235 $866 $61,098
I
Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
A
B
C 		HENRY   A   SKORUPSKI, JR
BUSINESS REP
N/A		 $58,987 $0 $3,117 $289 $62,393
I
Schedule 15
Representational Activities 		70 % Schedule 16
Political Activities and Lobbying 		15 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		5 % Schedule 19
Administration 		10 %
A
B
C 		DEBORAH   A   ARIETTI
SECRETARY
N/A		 $29,287 $0 $0 $33 $29,320
I
Schedule 15
Representational Activities 		0 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		100 % Schedule 19
Administration 		0 %
A
B
C 		ERIN   F   PERCOSKI
BOOKKEEPER
N/A		 $40,832 $0 $0 $0 $40,832
I
Schedule 15
Representational Activities 		0 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		100 % Schedule 19
Administration 		0 %
A
B
C 		LISA   D   EDWARDS
SECRETARY
N/A		 $33,513 $0 $0 $0 $33,513
I
Schedule 15
Representational Activities 		0 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		50 % Schedule 19
Administration 		50 %
TOTALS RECEIVED BY EMPLOYEES MAKING LESS THAN $10000 $6,907 $0 $266 $1,119 $8,292
I Schedule 15
Representational Activities 		100 % Schedule 16
Political Activities and Lobbying 		0 % Schedule 17
Contributions 		0 % Schedule 18
General Overhead 		0 % Schedule 19
Administration 		0 %
Total Employee Disbursements $424,949 $0 $21,729 $5,727 $452,405
Less Deductions         $90,702
Net Disbursements         $361,703
Form LM-2 (Revised 2003)

 
SCHEDULE 13 - MEMBERSHIP STATUS FILE NUMBER: 019-823

 
Category of Membership
(A) 		Number
(B) 		Voting Eligibility
(C)
Members 1,291  
Agency Fee Payers*    
Total Members/Fee Payers 1,291  
*Agency Fee Payers are not considered members of the labor organization.
FULL VOTING MEMBERSHIP 1,291 Yes
Form LM-2 (Revised 2003)

 
DETAILED SUMMARY PAGE - SCHEDULES 14 THROUGH 19 FILE NUMBER: 019-823

 
SCHEDULE 14   OTHER RECEIPTS
1. Named Payer Itemized Receipts $86,360
2. Named Payer Non-itemized Receipts $12,984
3. All Other Receipts $14,618
4. Total Receipts $113,962
     
     
 
SCHEDULE 17   CONTRIBUTIONS, GIFTS & GRANTS
1. Named Payee Itemized Disbursements $0
2. Named Payee Non-itemized Disbursements $0
3. To Officers $0
4. To Employees $0
5. All Other Disbursements $17,779
6. Total Disbursements $17,779
SCHEDULE 15   REPRESENTATIONAL ACTIVITIES
1. Named Payee Itemized Disbursements $8,733
2. Named Payee Non-itemized Disbursements $16,506
3. To Officers $69,644
4. To Employees $302,558
5. All Other Disbursements $40,608
6. Total Disbursements $438,049
 
SCHEDULE 18   GENERAL OVERHEAD
1. Named Payee Itemized Disbursements $23,261
2. Named Payee Non-itemized Disbursements $67,077
3. To Officers $4,975
4. To Employees $97,863
5. All Other Disbursements $34,479
6. Total Disbursements $227,655
     
SCHEDULE 16   POLITICAL ACTIVITIES AND LOBBYING
1. Named Payee Itemized Disbursements $0
2. Named Payee Non-itemized Disbursements $0
3. To Officers $14,924
4. To Employees $13,322
5. All Other Disbursements $225
6. Total Disbursement $28,471
 
SCHEDULE 19   UNION ADMINISTRATION
1. Named Payee Itemized Disbursements $0
2. Named Payee Non-itemized Disbursements $0
3. To Officers $9,949
4. To Employees $38,664
5. All Other Disbursements  
6. Total Disbursements $48,613
Form LM-2 (Revised 2003)

 
SCHEDULE 14 - OTHER RECEIPTS FILE NUMBER: 019-823

 
Name and Address
(A)
INTERNATIONAL UNION OF OPERATING ENGINEERS

1125 SEVENTEENTH STREET, NW
WASHINGTON
DC
20036
Type or Classification
(B)
GRANT INCOME
Purpose
(C) 		Date
(D) 		Amount
(E)
Total Itemized Transactions $86,360
Total Non-Itemized Transactions  
Total of All Transactions $86,360
GRANT INCOME 07/09/2004 $7,448
GRANT INCOME 08/16/2004 $7,448
GRANT INCOME 9/10/2004 $7,448
GRANT INCOME 10/6/2004 $7,448
GRANT INCOME 11/26/2004 $7,071
GRANT INCOME 12/13/2004 $7,071
GRANT INCOME 01/14/2005 $7,071
GRANT INCOME 2/11/2005 $7,071
GRANT INCOME 3/17/2005 $7,071
GRANT INCOME 04/08/2005 $7,071
GRANT INCOME 05/19/2005 $7,071