HTML Report (ERDS)

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U.S. Department of Labor

www.dol.gov/esa

Search / A-Z=20 Index

December 2, 2008 DOL = Home >=20 ESA > OLMS > Public = Disclosure Home=20 > Search=20 Criteria > Select=20 Report > Report

Printable=20 View

U.S. Department of Labor
Employment Standards=20 Administration
Office of Labor-Management Standards=20
Washington, DC 20210

FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT

Form Approved
Office of Management and Budget =
No.=20 1215-0188
Expires: 12-31-2010

MUST BE USED BY LABOR ORGANIZATIONS WITH = $250,000 OR=20 MORE IN TOTAL ANNUAL RECEIPTS AND LABOR ORGANIZATIONS = IN=20 = TRUSTEESHIP

This report is = mandatory=20 under P.L. 86-257, as amended. Failure to comply may result = in=20 criminal prosecution, fines, or civil penalties as provided by 29 = U.S.C.=20 439 or 440.

READ=20 THE INSTRUCTIONS CAREFULLY BEFORE PREPARING THIS = REPORT.
For=20 Official Use Only	1.=20 FILE NUMBER 512-840
2. PERIOD=20 COVERED
From	9/1/2007
Through	8/31/2008

3.	(a) AMENDED = - Is this=20 an amended report:	No
	(b) = HARDSHIP - Filed=20 under the hardship procedures:	No
	(c) = TERMINAL - This=20 is a terminal report:	No

4. AFFILIATION OR ORGANIZATION NAME=20 NATIONAL EDUCATION ASN IND
5. DESIGNATION (Local, Lodge, etc.) = STATE=20 ASSOCIATION, STATE AFFILIATE	6. DESIGNATION NBR =
7. UNIT NAME (if any) MICHIGAN = EDUCATION=20 ASSOCIATION

8. MAILING ADDRESS (Type or print in = capital=20 letters)
First Name LUIGI	Last Name = BATTAGLIERI
P.O Box - Building and Room Number = P.O.=20 BOX 2573
Number and Street 1216 KENDALE = BLVD.
City EAST LANSING
State MI	ZIP Code + 4=20 48826-2573

9. Are=20 your organization's records kept at its mailing = address?=20

Yes

Each of the=20 undersigned, duly authorized officers of the = above labor=20 organization, declares, under penalty of perjury = and=20 other applicable penalties of law, that all of = the=20 information submitted in this report (including=20 information contained in any accompanying = documents) has=20 been examined by the signatory and is, to the = best of=20 the undersigned individual's knowledge and = belief, true,=20 correct and complete (See Section V on penalties = in the=20 = instructions.)

Margaret = A=20 McLellan

Form LM-2 = (Revised=20 2003)

ITEMS 10 = THROUGH 21

FILE NUMBER:=20 512-840

<= /TR>

10. During the reporting = period did=20 the labor organization create or participate in the=20 administration of a trust or a fund or organization, = as=20 defined in the instructions, which provides benefits = for=20 members or beneficiaries?	Yes
11. During the reporting = period did=20 the labor organization have a Political Action = Committee (PAC)=20 fund?	Yes
12. During the reporting = period did=20 the labor organization have an audit or review of its = books=20 and records by an outside accountant or by a parent = body=20 auditor/representative?	Yes
13. During the reporting = period did=20 the labor organization discover any loss or shortage = of funds=20 or other assets? (Answer "Yes" even if there has been=20 repayment or recovery.)	Yes
14. What is the maximum = amount=20 recoverable under the labor organization's fidelity = bond for a=20 loss caused by any officer, employee or agent of the = labor=20 organization who handled union funds?	$1,000,000
15. During the reporting = period did=20 the labor organization acquire or dispose of any = assets in a=20 manner other than purchase or sale?	Yes
16. Were any of the labor=20 organization's assets pledged as security or = encumbered in any=20 way at the end of the reporting period?	No
17. Did the labor = organization have=20 any contingent liabilities at the end of the reporting = period?	Yes
18. During the reporting = period did=20 the labor organization have any changes in its = constitution or=20 bylaws, other than rates of dues and fees, or in=20 practices/procedures listed in the instructions?	No
19. What is the date of the = labor=20 organization's next regular election of officers?	04/2011

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

156,394

21.=20 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	620.00	per	year	n/a	620.00
(b) Working = Dues/Fees		per
(c) Initiation = Fees		per
(d) Transfer Fees		per
(e) Work Permits		per

Form LM-2 = (Revised=20 2003)

STATEMENT A - = ASSETS AND=20 LIABILITIES

FILE NUMBER:=20 512-840

ASSETS

ASSETS	Schedule=20 Number	Start of=20 Reporting Period (A)	End of = Reporting Period=20 (B)
22. Cash		$43,633,615	$38,177,786
23. Accounts=20 Receivable	1	$994,999	$1,106,653
24. Loans = Receivable	2	$0	$0
25. U.S. = Treasury=20 Securities		$0	$0
26. = Investments	5	$15,558,079	$14,935,464
27. Fixed = Assets	6	$12,207,450	$11,428,188
28. Other = Assets	7	$2,172,963	$1,934,401
29. TOTAL=20 ASSETS		$74,567,106	$67,582,492

LIABILITIES

LIABILITIES	Schedule=20 Number	Start of=20 Reporting Period (A)	End of = Reporting Period=20 (B)
30. Accounts = Payable	8	$974,302	$1,237,490
31. Loans = Payable	9	$1,354,155	$0
32. Mortgages = Payable		$5,803,104	$0
33. Other = Liabilities	10	$69,435,582	$103,930,445
34. TOTAL=20 LIABILITIES		$77,567,143	$105,167,935

35. NET=20 ASSETS

-$3,000,037

-$37,585,443

Form LM-2 = (Revised=20 2003)

STATEMENT B - = RECEIPTS=20 AND DISBURSEMENTS

FILE NUMBER:=20 512-840

CASH=20 RECEIPTS	SCH	AMOUNT
36. Dues and = Agency=20 Fees		$66,574,547
37. Per Capita = Tax		$0
38. Fees, = Fines,=20 Assessments, Work Permits		$0
39. Sale of = Supplies		$0
40. = Interest		$2,862,871
41. = Dividends		$0
42. Rents		$335,264
43. Sale of = Investments=20 and Fixed Assets	3	$2,593,252
44. Loans = Obtained	9	$0
45. Repayments = of Loans=20 Made	2	$0
46. On Behalf = of=20 Affiliates for Transmittal to Them		$16,436,103
47. From = Members for=20 Disbursement on Their Behalf		$0
48. Other = Receipts	14	$43,036,036
49. TOTAL=20 RECEIPTS		$131,838,073

CASH DISBURSEMENTS	SCH	AMOUNT
50. = Representational Activities	15	$17,234,034
51. = Political=20 Activities and Lobbying	16	$2,304,492
52. = Contributions, Gifts, and Grants	17	$108,100
53. = General=20 Overhead	18	$60,625,304
54. = Union=20 Administration	19	$6,302,522
55. = Benefits	20	$25,775,247
56. = Per Capita=20 Tax		$0
57. = Strike=20 Benefits		$0
58. = Fees,=20 Fines, Assessments, etc.		$0
59. = Supplies=20 for Resale		$0
60. = Purchase of=20 Investments and Fixed Assets	4	$4,468,455
61. = Loans=20 Made	2	$0
62. = Repayment=20 of Loans Obtained	9	$1,354,155
63. = To=20 Affiliates of Funds Collected on Their Behalf		$16,373,993
64. = On Behalf=20 of Individual Members		$0
65. = Direct=20 Taxes		$2,747,600

66. = Subtotal		$137,293,902
67. = Withholding=20 Taxes and Payroll Deductions
67a. = Total=20 Withheld	$10,925,078
67b. = Less Total=20 Disbursed	$10,925,078
67c.=20 Total Withheld But Not Disbursed		$0
68. TOTAL=20 DISBURSEMENTS		$137,293,902

Form LM-2 = (Revised=20 2003)

SCHEDULE 1 - = ACCOUNTS=20 RECEIVABLE AGING SCHEDULE

FILE NUMBER:=20 512-840

Entity = or Individual=20 Name (A)	Total = Account=20 Receivable (B)	90-180 = Days Past=20 Due (C)	180+ Days = Past=20 Due (D)	Liquidated Account=20 Receivable (E)
Totals from all other = accounts=20 receivable	$873,818			$0
TOTALS (Column = (B) Total=20 will be automatically entered in Item 23, Column (B))	$1,106,653	$67,716	$165,120	$0
Beecher CGMT	$21,465	$3,497	$17,968	$0
Beecher OP	$57,677	$5,050	$52,627	$0
Cassopolis CFMOPT	$7,542	$3,850	$3,692	$0
Godfrey-Lee E	$26,857	$17,419	$9,438	$0
Howell E	$12,109	$0	$12,109	$0
Kalamazoo City F	$5,052	$3,459	$1,592	$0
Kingston E	$7,556	$4,952	$2,605	$0
Macomb Community = College E	$53,908	$16,448	$37,460	$0
Oak Park P	$11,336	$3,949	$7,387	$0
Olivet T	$5,609	$960	$4,649	$0
Tahquamenon CFMOPT	$11,891	$2,762	$9,130	$0
Three Rivers CMOT	$11,833	$5,370	$6,463	$0

Form LM-2 = (Revised=20 2003)

SCHEDULE 2 - = LOANS=20 RECEIVABLE

FILE NUMBER:=20 512-840

There was no data = found for=20 this schedule.

SCHEDULE 3 - = SALE OF=20 INVESTMENTS AND FIXED ASSETS

FILE NUMBER:=20 512-840

Description=20 (if land or buildings give location) (A)	Cost (B)=20	Book Value=20 (C)	Gross Sales=20 Price (D)	Amount=20 Received (E)
Total of = all=20 lines	$2,932,992	$2,614,815	$2,593,252	$2,593,252
FIXED ASSETS - = VARIOUS	$331,658	$13,481	$11,406	$11,406
INVESTMENTS - = VARIOUS	$2,601,334	$2,601,334	$2,581,846	$2,581,846

	14. Less = Reinvestments	$0
(Net Sales=20 total will automatically entered in Item 43)	15. Net = Sales	$2,593,252

Form LM-2 = (Revised=20 2003)

SCHEDULE 4 - = PURCHASE OF=20 INVESTMENTS AND FIXED ASSETS

FILE NUMBER:=20 512-840

Description=20 (if land or buildings, give location) (A)	Cost (B)=20	Book Value=20 (C)	Cash Paid=20 (D)
Total of all=20 lines	$4,468,455	$4,468,455	$4,468,455
FIXED ASSETS -=20 VARIOUS	$728,629	$728,629	$728,629
INVESTMENTS -=20 VARIOUS	$3,739,826	$3,739,826	$3,739,826

	14. Less = Reinvestments	$0
(Net Purchases=20 total will automatically entered in Item 60)	15. Net = Purchases	$4,468,455

Form LM-2 = (Revised=20 2003)

SCHEDULE 5 -=20 INVESTMENTS

FILE NUMBER:=20 512-840

Description (A)	Amount (B)
Marketable Securities
1. Total = Cost	$14,935,464
2. Total Book = Value	$14,935,464
3. List each = marketable=20 security which has a book value over $5000 and exceeds = 5% of=20 Line 2.

MUTUAL FUNDS - AMERICAN FUNDAMENTAL INVESTORS = INC=20	$1,680,287
MUTUAL FUNDS - AMERICAN BOND FUND OF AMERICA =	$756,352
MUTUAL FUNDS - AMERICAN GROWTH FUND OF AMERICA=20	$780,739
MUTUAL FUNDS - DELAWARE CORPORATE BOND FUND =	$1,164,522

Other Investments
4. Total = Cost	$0
5. Total Book = Value	$0
6. List each = other=20 investment which has a book value over $5000, of Line = 5. =20 Also list each Trust which is an investment.

7. Total of = Lines 2=20 and 5 (Total will be automatically entered in Item = 26,=20 Column(B))

$14,935,464

Form LM-2 = (Revised=20 2003)

SCHEDULE 6 - = FIXED=20 ASSETS

FILE NUMBER:=20 512-840

Description=20 (A)	Cost or=20 Other Basis (B)	Total=20 Depreciation or Amount Expensed (C)	Book Value=20 (D)	Value=20 (E)
1. 1216 Kendale = Blvd East=20 Lansing MI 48826	$359,634		$359,634	$359,634

3. 1216 Kendale = Blvd East=20 Lansing MI 48826	$12,621,273	$5,052,206	$7,569,068	$7,569,068
3. 5095 = Exchange=20 Drive/Flint MI 48507 - Bldg	$864,327	$636,935	$227,392	$227,392
3. N10307 Lake=20 Road/Ironwood MI 49938 - Bldg	$131,756	$24,125	$107,631	$107,631
3. 5095 = Exchange=20 Drive/Flint MI 48507 - Bldg Imp	$156,310	$51,605	$104,705	$104,705
3. 1216 Kendale = Blvd/E=20 Lansing MI 48826 - Bldg Imp	$182,528	$134,481	$48,047	$48,047

5. Automobiles = and Other=20 Vehicles

$20,050

$14,703

$5,347

6. Office = Furniture and=20 Equipment

$12,739,645

$9,747,847

$2,991,798

7. = Other Fixed=20 Assets

$82,025

$67,459

$14,566

8. Totals of = Lines 1=20 through 7 (Column(D) Total will be automatically = entered=20 in Item 27, Column(B))

$27,157,548

$15,729,361

$11,428,188

Form LM-2 = (Revised=20 2003)

SCHEDULE 7 - = OTHER=20 ASSETS

FILE NUMBER:=20 512-840

Description (A) =	Book = Value (B)=20
Total Other Assets (Total = will be=20 automatically entered in Item 28, Column(B))	$1,934,401
DEFERRED COMPENSATION	$966,311
OTHER PREPAID	$386,993
DEPOSITS	$56,213
INVENTORY	$206,492
INTEREST/OTHER	$118,846
AFFILIATE RECEIVABLE	$199,346
INVESTMENT IN SUBSIDIARIES	$200

Form LM-2 = (Revised=20 2003)

SCHEDULE 8 - = ACCOUNTS=20 PAYABLE AGING SCHEDULE

FILE NUMBER:=20 512-840

Entity or Individual = Name=20 (A)	Total = Account=20 Payable (B)	90-180 = Days Past=20 Due (C)	180+ = Days Past=20 Due (D)	Liquidated Account=20 (E)
Total from all other accounts = payable	$1,237,490	$0	$0	$0
Total Accounts Payable = (Column(B)=20 Total will be automatically entered in Item 30, = Column(D))	$1,237,490	$0	$0	$0

Form LM-2 = (Revised=20 2003)

SCHEDULE 9 - = LOANS=20 PAYABLE

FILE NUMBER:=20 512-840

Source of Loans = Payable at Any=20 Time During the Reporting Period (A)	Loans = Owed at=20 Start of Period (B)	Loans = Obtained=20 During Period (C)	Repayment During=20 Period Cash (D)(1)	Repayment During=20 Period Other Than Cash (D)(1)	Loans = Owed at=20 End of Period (E)
Total Loans Payable	$1,354,155	$0	$1,354,155	$0	$0
Totals will be automatically = entered=20 in...	Item=20 31 Column (C)	Item 44	Item=20 62	Item=20 69 with Explanation	Item=20 31 Column (D)
COMERICA BANK	$1,354,155	$0	$1,354,155	$0	$0

Form LM-2 = (Revised=20 2003)

SCHEDULE 10 - = OTHER=20 LIABILITIES

FILE NUMBER:=20 512-840

Description=20 (A)	Amount = at End of=20 Period (B)
Total Other = Liabilities=20 (Total will be automatically entered in Item 33, = Column(D))	$103,930,445
ACCRUED LEAVE	$6,320,040
DEFERRED = COMPENSATION	$966,311
PAYROLL = LIABILITIES	$654,867
RETIREMENT	$88,723,520
DEFERRED REVENUE	$741,241
MEMBERSHIP	$4,223,529
INTEREST/OTHER	$0
CAPITAL LEASES = PAYABLE	$676,056
AFFILIATE = PAYABLE	$1,624,881

Form LM-2 = (Revised=20 2003)

SCHEDULE 11 - = ALL=20 OFFICERS AND DISBURSEMENTS TO OFFICERS

FILE NUMBER:=20 512-840

(A) =
Name

(B) =
Title

(D)
Gross Salary
Disbursements =
(before=20 any
deductions)

(E)
Allowances
Disbursed

(F)
Disbursements for Official = Business

(G)=20
Other
Disbursements not reported in
(D) = thru (F)=20