International Brotherhood of Electrical Workers, Local 124
Basic Information
Local 124
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 | $30,644,700 |
Total Liabilities | $271,968 |
Total Income | $21,310,881 |
Total Spent | $23,783,595 |
Total Assets Trend
Assets (Change from previous report)
Cash | $2,869,187 (-46.3%) |
Accounts Receivable | $0 (0.0%) |
Investments | $21,019,453 (+14.8%) |
Fixed Assets | $2,769,503 (+14.8%) |
Treasury Securities | $3,986,557 (+184.6%) |
Other Assets | $0 (0.0%) |
Loans Receivable | $0 (0.0%) |
Liabilities
Loans Payable | $0 |
Accounts Payable | $0 |
Other Liabilities | $271,968 |
Mortgages | $0 |
Income
Dues | $9,169,627 |
Per Person Tax | $0 |
Investments | $11,318,228 |
Supplies | $49,232 |
Loan Repayment | $0 |
Interest | $513,636 |
Dividends | $55,626 |
Rents | $0 |
Fees and Fines | $11,228 |
Loans Obtained | $0 |
Other Receipts | $53,026 |
Affiliates | $0 |
Members | $140,278 |
Reinvestments | $0 |
All Others | $30,193 |
Source: Office of Labor Management Standards
Year Covered: 2022 • 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 2022
$23,783,595
Spending Overview
Spending Breakdown
Representational | $3,172,352 (13.34%) |
Political Activities and Lobbying | $0 (0.00%) |
Contributions, Gifts, and Grants | $2,910 (0.01%) |
General Overhead | $1,795,238 (7.55%) |
Union Administration | $458,399 (1.93%) |
Strike Benefits | $0 (0.00%) |
To Union Officers | $308,239 (1.30%) |
To Union Employees | $1,044,076 (4.39%) |
Education | $0 (0.00%) |
Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
3,826
Income per Member
$5,570
Dues (per Month)
$40
Membership Trend
Year | Members |
---|---|
2002 | 2,663 |
2003 | 2,600 |
2004 | 2,600 |
2005 | 2,337 |
2006 | 2,337 |
2007 | 2,516 |
2008 | 2,653 |
2009 | 2,489 |
2010 | 2,513 |
2011 | 2,407 |
2012 | 2,557 |
2013 | 2,976 |
2014 | 3,563 |
2015 | 3,306 |
2016 | 3,236 |
2017 | 2,730 |
2018 | 3,400 |
2019 | 3,334 |
2020 | 3,519 |
2021 | 3,128 |
2022 | 3,826 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$55,012
Total Employees
40
Employees Making more than $75,000
14
Top Ten Highest Paid Leaders
Name | Title | Total Compensation |
---|---|---|
JOSEPH FUENTES | FINANCIAL SECRETARY | $140,739 |
JOSEPH MORENO | BUSINESS MANAGER | $139,917 |
JOSE SUSTAITA | BUSINESS AGENT | $128,573 |
CHRISTOPHER HEEGN | BUSINESS AGENT | $127,257 |
$126,856 | ||
WADE KIEFER | BUSINESS AGENT | $120,083 |
RALPH OROPEZA | BUSINESS AGENT | $118,675 |
JASON DUKE | BUSINESS AGENT | $117,240 |
BENJAMIN SCHILLING | REFERRAL AGENT | $116,201 |
KENT EAGEN | BUSINESS AGENT | $115,191 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Recent Contract Negotiations
Industry | Contracts |
---|---|
Construction | 19 |
Personal Serv & Private Organizations | 11 |
Manufacturing | 10 |
Other | 9 |
Service | 1 |
Communications | 1 |