International Brotherhood of Electrical Workers, Local 576
Basic Information
Local 576
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 | $723,054 |
| Total Liabilities | $27,330 |
| Total Income | $329,446 |
| Total Spent | $429,188 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $649,475 (-13.3%) |
| Accounts Receivable | $30,443 (+15.2%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $42,912 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $224 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $4,647 |
| Per Person Tax | $95,707 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $339 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $228,753 |
| 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
$429,188
Spending Overview
Spending Breakdown
| Representational | $89,362 (20.82%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $7,202 (1.68%) |
| Union Administration | $157,780 (36.76%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $127,758 (29.77%) |
| To Union Employees | $44,756 (10.43%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Membership
Total Members
217
Income per Member
$1,518
Dues (per Member)
N/A
Membership Trend
| Year | Members |
|---|---|
| 2002 | 205 |
| 2003 | 181 |
| 2004 | 214 |
| 2005 | 213 |
| 2006 | 212 |
| 2007 | 217 |
| 2008 | 223 |
| 2009 | 223 |
| 2010 | 198 |
| 2011 | 193 |
| 2012 | 210 |
| 2013 | 214 |
| 2014 | 225 |
| 2015 | 228 |
| 2016 | 214 |
| 2017 | 206 |
| 2018 | 198 |
| 2019 | 205 |
| 2020 | 205 |
| 2021 | 217 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$57,505
Total Employees
3
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DARRYL LAVESPERE | BUSINESS MANAGER | $67,738 |
| MATTHEW RACHAL | PRESIDENT | $60,020 |
| SANTINA BORDELON | SECRETARY | $44,756 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023