International Brotherhood of Electrical Workers, Local 1040
Basic Information
Local 1040
Financial Information
The Labor-Management Reporting and Disclosure Act (LMRDA), which is enforced by the Office of Labor-Management Standards, requires labor unions to file annual reports detailing their operations. Contained in those reports are breakdowns of each union's spending, income and other financial information.
Basic Financials
| Total Assets | $88,551 |
| Total Liabilities | $9,704 |
| Total Income | $157,192 |
| Total Spent | $167,809 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $71,217 (-13.0%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $17,334 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $9,704 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $157,192 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $0 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Spending
The Office of Labor-Management Standards (OLMS) requires unions to report how they spent their money in a number of categories. For the first five, OLMS requires unions to provide detailed information on any recipient that received more than $5,000 per year.
Total Spent in 2021
$167,809
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $73,208 (43.63%) |
| To Union Employees | $682 (0.41%) |
| Education | $0 (0.00%) |
| Fees | $3,771 (2.25%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Membership
Total Members
246
Income per Member
$639
Dues (per 40hr)
1% wages
Membership Trend
| Year | Members |
|---|---|
| 2002 | 385 |
| 2003 | 385 |
| 2004 | 392 |
| 2005 | 426 |
| 2006 | 430 |
| 2007 | 430 |
| 2008 | 345 |
| 2009 | 332 |
| 2010 | 382 |
| 2011 | 359 |
| 2012 | 356 |
| 2013 | 335 |
| 2014 | 335 |
| 2015 | 325 |
| 2016 | 285 |
| 2017 | 322 |
| 2018 | 325 |
| 2019 | 303 |
| 2020 | 285 |
| 2021 | 246 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$8,282
Total Employees
12
Employees Making more than $75,000
1
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| PHILLIP STEWART | BUSINESS MANAGER/F.S. | $84,247 |
| WILLIAM SLAVIN | TREASURER | $8,487 |
| DONALD MCNAMARA | RECORDING SECRETARY | $4,346 |
| SHAUNA FRANCIS | PRESIDENT | $1,177 |
| YULY LOPEZ | EXECUTIVE BOARD/STEWARD | $408 |
| JAVIER MENDEZ | EXECUTIVE BOARD | $204 |
| JOHNSTON COX | VICE PRESIDENT | $170 |
| LOREENA RAI | EXECUTIVE BOARD | $125 |
| NALINIEE RAI | STEWARD | $125 |
| RAYMOND NYE | STEWARD | $100 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023