Please read and look at the PFAA Financial Report filed recently. 

 

 

 

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: 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 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
542-373

2. PERIOD COVERED

From

1/1/2005

Through

12/31/2005

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
PROFESSIONAL FLIGHT ATTENDANTS ASSN

5. DESIGNATION (Local, Lodge, etc.)

6. DESIGNATION NBR

7. UNIT NAME (if any)
PFAA

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

First Name
ANDREW

Last Name
DAMIS

P.O Box - Building and Room Number
SUITE 250

Number and Street
8101 34TH AVENUE SOUTH

City
BLOOMINGTON

State
MN

ZIP Code + 4
55425-1601



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:

Guy D Meek

PRESIDENT

27. SIGNED:

Andrew W Damis

TREASURER

Date:

Apr 14, 2006

Contact Info:

 

Date:

Apr 14, 2006

Contact Info:

 

 

Form LM-2 (Revised 2003)

 

ITEMS 10 THROUGH 21

FILE NUMBER: 542-373

 

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?

No

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

No

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.)

Yes

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?

$1,000,000

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?

Yes

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?

11/2006

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

7,785

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

Variable

per

Month

19.59

44.18

(b) Working Dues/Fees

None

per

None

 

 

(c) Initiation Fees

100

per

Once

 

 

(d) Transfer Fees

None

per

None

 

 

(e) Work Permits

None

per

None

 

 

 

Form LM-2 (Revised 2003)

 

STATEMENT A - ASSETS AND LIABILITIES

FILE NUMBER: 542-373

 

ASSETS

 

ASSETS

Schedule
Number

Start of Reporting Period
(A)

End of Reporting Period
(B)

22. Cash

 

$188,842

$110,402

23. Accounts Receivable

1

$0

$20,165

24. Loans Receivable

2

$0

$0

25. U.S. Treasury Securities

 

$0

$0

26. Investments

5

$0

$0

27. Fixed Assets

6

$305,931

$255,185

28. Other Assets

7

$9,064

$10,472

29. TOTAL ASSETS

 

$503,837

$396,224

 

LIABILITIES

 

LIABILITIES

Schedule
Number

Start of Reporting Period
(A)

End of Reporting Period
(B)

30. Accounts Payable

8

$344,207

$446,085

31. Loans Payable

9

$38,469

$54,600

32. Mortgages Payable

 

$0

$0

33. Other Liabilities

10

$7,865

$18,353

34. TOTAL LIABILITIES

 

$390,541

$519,038

 

 

 

 

 

35. NET ASSETS

$113,296

-$122,814

 

Form LM-2 (Revised 2003)

 

STATEMENT B - RECEIPTS AND DISBURSEMENTS

FILE NUMBER: 542-373

 

CASH RECEIPTS

SCH

AMOUNT

36. Dues and Agency Fees

 

$4,390,556

37. Per Capita Tax

 

$0

38. Fees, Fines, Assessments, Work Permits

 

$0

39. Sale of Supplies

 

$1,070

40. Interest

 

$4,469

41. Dividends

 

$0

42. Rents

 

$0

43. Sale of Investments and Fixed Assets

3

$2,402

44. Loans Obtained

9

$25,000

45. Repayments of Loans Made

2

$229

46. On Behalf of Affiliates for Transmittal to Them

 

$0

47. From Members for Disbursement on Their Behalf

 

$0

48. Other Receipts

14

$152,754

49. TOTAL RECEIPTS

 

$4,576,480

CASH DISBURSEMENTS

SCH

AMOUNT

50. Representational Activities

15

$3,200,724

51. Political Activities and Lobbying

16

$117,219

52. Contributions, Gifts, and Grants

17

$12,168

53. General Overhead

18

$11,985

54. Union Administration

19

$840,177

55. Benefits

20

$230,793

56. Per Capita Tax

 

$0

57. Strike Benefits

 

$0

58. Fees, Fines, Assessments, etc.

 

$0

59. Supplies for Resale

 

$1,500

60. Purchase of Investments and Fixed Assets

4

$16,116

61. Loans Made

2

$229

62. Repayment of Loans Obtained

9

$8,869

63. To Affiliates of Funds Collected on Their Behalf

 

$0

64. On Behalf of Individual Members

 

$0

65. Direct Taxes

 

$225,628

  

66. Subtotal

 

$4,665,408

67. Withholding Taxes and Payroll Deductions

 

 

  67a. Total Withheld

$216,395

 

 

  67b. Less Total Disbursed

$216,395

 

 

  67c. Total Withheld But Not Disbursed

 

$0

68. TOTAL DISBURSEMENTS

 

$4,665,408

 

Form LM-2 (Revised 2003)

 

SCHEDULE 1 - ACCOUNTS RECEIVABLE AGING SCHEDULE

FILE NUMBER: 542-373

 

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

 

 

 

$0

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

$20,165

$0

$0

$0

PFAA Member Promissory Notes

$20,165

$0

$0

$0

 

Form LM-2 (Revised 2003)

 

SCHEDULE 2 - LOANS RECEIVABLE

FILE NUMBER: 542-373

 

List below loans to officers, employees, or members which at any time during the reporting per