NATIONAL POSTAL MAIL HANDLERS UNION
A DIVISION OF LABORERS’ INTERNATIONAL UNION OF NORTH AMERICA, AFL-CIO DECEMBER 31, 2016 AND 2015 ASSETS
STATEMENTS OF ACTIVITIES 2016
2015
CURRENT ASSETS Cash and cash equivalents
$800,313
$555,919
32,078
33,575
Accounts receivable — other
1,887,069
1,749,543
Tax refunds receivable
1,351,449
1,335,100
61,740
55,062
Accounts receivable — local unions
Interest receivable Loans to local unions
25,000
92,921
Prepaid expenses
216,609
206,521
4,374,258
4,028,641
140,110
134,217
21,288,026
25,285,836
LONG‑TERM RECEIVABLES Loans to local unions
REVENUE Per capita assessments Member per capita Associate per capita MHBP service fee Investment income National Billing Program Royalties Rental income Sale of promotional items Miscellaneous
INVESTMENTS Marketable securities — at fair value FIXED ASSETS Furniture, fixtures and equipment Automobiles Leasehold improvements Accumulated depreciation and amortization
1,958,613
1,844,699
49,822
49,822
291,600
291,600
2,300,035
2,186,121
(1,500,718)
(1,405,248)
799,317
780,873
OTHER ASSETS Inventory of promotional items
23,448
58,672
209,447
165,688
232,895
224,360
$26,834,606
$30,453,927
2016
2015
Accounts payable and accrued expenses
$3,218,402
$2,521,941
Dues collected for local unions
561,746
118,592
Deferred dues revenue
216,227
46,924
113,621
13,621
4,109,996
2,801,078
181,142
294,764
9,377
9,377
1,517,452
1,160,721
Deposits TOTAL ASSETS
LIABILITIES AND NET ASSETS CURRENT LIABILITIES
Deferred rent abatement LONG‑TERM LIABILITIES Deferred rent abatement Security deposit — sublease Net unfunded pension liability TOTAL LIABILITIES UNRESTRICTED NET ASSETS TOTAL LIABILITIES AND NET ASSETS
1,707,971
1,464,940
5,817,967
4,265,940
21,016,639
26,187,987
$26,834,606
$30,453,927
EXPENSES Per capita taxes Salaries and wages Payroll taxes and employee benefits Revenue Sharing Program Income and property taxes Automobile and housing Bank charges Charitable contributions Computer services Conferences Convention Depreciation and amortization Election Insurance and bonding Leased equipment Meetings and conferences Miscellaneous Office supplies and postage Printing and publications Professional fees Promotional items Rent Repairs and maintenance Scholarships Telephone Travel and lodging DEFICIENCY OF REVENUE OVER EXPENSES Pension‑related changes other than net periodic pension cost DECREASE IN NET ASSETS UNRESTRICTED NET ASSETS AT BEGINNING OF YEAR UNRESTRICTED NET ASSETS AT END OF YEAR
2016
2015
$6,743,898 1,053,132 7,797,030 5,614,332 325,494 154,162 602,678 138,296 17,554 24,161 14,673,707
$5,805,169 1,115,199 6,920,368 5,554,644 213,129 159,719 611,718 131,573 26,675 261,484 13,879,310
2,549,818 3,696,855 2,308,133 2,074,312 1,630,724 138,498 52,157 106,843 64,434 39,127 2,286,956 95,470 116,043 43,674 35,251 452,203 111,138 209,882 583,117 1,094,565 28,027 795,508 42,633 48,000 101,136 509,952 19,214,456
2,467,828 3,629,651 2,195,212 2,052,030 1,504,217 123,229 57,721 147,158 60,960 1,999 4,297 110,187 — 46,751 35,498 792,387 51,403 258,558 581,708 962,222 43,063 779,701 37,249 55,500 105,180 682,364 16,786,073
(4,540,749)
(2,906,763)
(630,599) (5,171,348)
(413,146) (3,319,909)
26,187,987
29,507,896
$21,016,639
$26,187,987
The Mail Handler • Fall 2017 | 33