Lm3 2025

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Form LM-3Four-page report filed electronically by branches with total annual receipts of at least $10,000 but less than $250,000. Form LM-4Two-page report filed electronically by branches with annual financial receipts of less than $10,000.
Your labor organizations Form LM-3 must report financial information for all funds of your organization. Include any special purpose funds or accounts, such as strike funds, vacation funds, and scholarship funds even if they are not part of your organizations general treasury.
A unions total annual receipts determine which form is required. Organizations with: $250,000 or more in annual receipts, file Form LM-2. At least $10,000 but less than $250,000 in annual receipts, file Form LM-3. Less than $10,000 in annual receipts, file Form LM-4.
LM3 (Local Multiplier 3) is a methodology that can be used by companies, government, or community organisations to measure how their spending generates local economic impact and benefit to communities. More importantly, LM3 enables people to identify where changes need to be made to improve that impact.
Under current regulations, labor organizations (not in trusteeship) with $250,000 or more in annual receipts must file Form LM-2; those with less than $250,000 may choose to file Form LM-3; and those with less than $10,000 may choose to file Form LM-4.

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LM3 measures how income entering the local economy then circulates within it, across three rounds of spending. It was developed on the idea of the leaky bucket. If you imagine the local economy as a bucket full of water, every time you spend money that goes outside the local area, it leaks out the bucket.
Labor organizations with total annual receipts of less. than $10,000 may file the abbreviated 2-page. annual report Form LM-4, if not in trusteeship as. defined in Section VIII of these instructions.

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