En EspañolNNU Finances
Unions are by no means simple organizations. The NNU is a big business, surviving on the dues of its hard-working members. The NNU is required each year to file a document called an "LM-2" which reports the union's most recent financial flow.
See the latest NNU LM-2 report.
In 2020, NNU reported that the union collected more than $11.3 million in cash receipts.Yet the Union spent more than $9.3 million.
NNU: $11+ Million - MEMBERS: ???
The NNU collected more than $11 million but, how much did the Union spend on behalf of individual members? Well, according to the latest LM-2, NNU responded to this item as follows:
So, where is the money going?
A chunk of the money is paying top union official salaries and costly operating expenses. NNU paid over $2.1 million for the combined salaries and expenses of its officers and employees.
Take a look at the chart below which breaks down how NNU spent over $9.2 million.
*Other: Contributions, Gifts, and Grants; Strike Benefits; Fines, Fees, and Assessments; Supplies for Resale; Purchase of Investments & Fixed Assets; Loans Made; Repayment of Loans Obtained; To Affiliates of Funds Collected on Their Behalf; On Behalf of Individual Members; Withheld but Not Disbursed
Source: 2019-20 NNU LM-2 Report |
