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Union Facts

International Brotherhood of Electrical Workers, Local 242

Basic Information

Local 242

Quick Facts

Address

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
2002 LONDON RD
DULUTH, MN 558122144

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 $2,480,051
Total Liabilities $3,768
Total Income $1,218,592
Total Spent $1,334,180

Total Assets Trend

Assets (Change from previous report)

Cash $529,467 (-17.9%)
Accounts Receivable $0 (0.0%)
Investments $1,924,518 (+15.7%)
Fixed Assets $26,066 (+15.7%)
Treasury Securities $0 (0.0%)
Other Assets $0 (0.0%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $0
Accounts Payable $0
Other Liabilities $3,768
Mortgages $0

Income

Dues $1,157,834
Per Person Tax $0
Investments $0
Supplies $0
Loan Repayment $0
Interest $53,571
Dividends $0
Rents $0
Fees and Fines $7,187
Loans Obtained $0
Other Receipts $0
Affiliates $0
Members $0
Reinvestments $0
All Others $0

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

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 $142,897 (10.71%)
Political Activities and Lobbying $0 (0.00%)
Contributions, Gifts, and Grants $8,028 (0.60%)
General Overhead $149,878 (11.23%)
Union Administration $305,636 (22.91%)
Strike Benefits $0 (0.00%)
To Union Officers $315,948 (23.68%)
To Union Employees $51,814 (3.88%)
Education $0 (0.00%)
Fees $0 (0.00%)

Search All Spending

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

Membership

Membership Trend

YearMembers
2002525
2003539
2004535
2005531
2006539
2007469
2008535
2009533
2010525
2011520
2012520
2013506
2014511
2015529
2016528
2017532
2018532
2019525

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
DONALD SMITH FINL SEC/BUS. MGC$148,382
DARIK CARLSONEXEC BOARD$123,149
KYLE BUCHOVICHPRESIDENT$108,979
KRISTA STEFFERSECRETARY$63,003
JERRY PETERSENEXEC BOARD$1,174
GARY ERICKSONASSOCIATE$1,052
KYLE SKARPTREASURER$860
NEIL GRAUPMAN RECORDING SECRETARY$650
BRADLEY BUTLERASSOCIATE$600
TODD ANDERSONEXEC BOARD$550

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021