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Union Facts

International Brotherhood of Electrical Workers, Local 553

Basic Information

Local 553

Quick Facts

Address

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS

RESEARCH TRIANGLE PARK, NC 27709

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 $2,360,659
Total Liabilities $58,035
Total Income $861,419
Total Spent $1,091,215

Total Assets Trend

Assets (Change from previous report)

Cash $1,219,897 (-15.9%)
Accounts Receivable $53,324 (0.0%)
Investments $729,142 (+33.3%)
Fixed Assets $320,270 (+33.3%)
Treasury Securities $0 (0.0%)
Other Assets $38,026 (0.0%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $0
Accounts Payable $25,935
Other Liabilities $32,100
Mortgages $0

Income

Dues $682,785
Per Person Tax $0
Investments $0
Supplies $3,242
Loan Repayment $0
Interest $24,733
Dividends $0
Rents $18,100
Fees and Fines $116,042
Loans Obtained $0
Other Receipts $15,276
Affiliates $1,241
Members $0
Reinvestments $0
All Others $15,276

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.

Spending Overview

Spending Breakdown

Representational $240,027 (22.00%)
Political Activities and Lobbying $24,026 (2.20%)
Contributions, Gifts, and Grants $10,308 (0.94%)
General Overhead $134,307 (12.31%)
Union Administration $110,913 (10.16%)
Strike Benefits $0 (0.00%)
To Union Officers $177,794 (16.29%)
To Union Employees $115,219 (10.56%)
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

Membership Trend

YearMembers
2002402
2003310
2004288
2005247
2006217
2008218
2009247
2010232
2011207
2012226
2013245
2014234
2015261
2016231
2017232
2018251
2019300
2020322
2021404

Source: Office of Labor Management Standards

Year Covered: 2021  •  Last Updated: June 12th, 2023

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
LEON MCDOWELLOUTSIDE ORGANIZER$88,444
WALTER AXFORDBUS AGENT/FIN SECRETARY$88,083
JAMES POPLINEXEC BOARD/ORGANIZER$72,897
JESSE BOWEEXEC BOARD/OPERATIONS MGR$70,086
BETSY PROCTOR ROOSEOFFICE MANAGER$57,301
$840
DONALD MATTHEWSPRESIDENT$270
BRIAN PFENDLERTREASURER$240
NICHOLAS ROOSEEXEC BOARD$240
MATT MCCOMASEXEC BOARD$180

Source: Office of Labor Management Standards

Year Covered: 2021  •  Last Updated: June 12th, 2023

Recent Contract Negotiations

Map of recent contract negotiations
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