Labor organizations subject to the Labor-Management Reporting and Disclosure Act of 1959 must file an annual financial report (Forms LM-2, LM-3 or LM-4) with the Department of Labor’s (DOL) Office of Labor-Management Standards (OLMS) each year.
All forms disclose the unions assets and liabilities at the end of the reporting period and the amount of receipts and disbursements for the reporting period. Unions with total annual receipts of $250,000 or more file a Form LM-2. Unions with annual receipts less than $250,000 but more than $10,000 file a Form LM-3. Unions with total annual receipts less than $10,000 file an LM-4.
Regardless of which form is applicable to your labor union, all are due within 90 days of year-end; there is no option to extend the filing deadline. Knowing most labor unions are in the midst of preparing their LM form, we wanted to provide some insight and key points to keep in mind while preparing and finalizing your form. For the official instructions and to obtain more detailed information, please refer to the form instructions published by OLMS.
Please click on the links below for more information and insights on forms LM-2, LM-3 and LM-4.
Labor Organizations
