International Brotherhood of Electrical Workers, Local 589 - Electrical Workers Ibew Lu 589
Basic Information
Local 589
(ELECTRICAL WORKERS IBEW LU 589)
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 | $1,886,570 |
| Total Liabilities | $7,636 |
| Total Income | $1,007,985 |
| Total Spent | $1,112,314 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,187,509 (-8.1%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $18,401 (+32.2%) |
| Fixed Assets | $657,459 (+32.2%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $23,201 (+4.8%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $7,636 |
| Mortgages | $0 |
Income
| Dues | $958,333 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $641 |
| Dividends | $653 |
| Rents | $26,433 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $21,925 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $7,774 |
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
$1,112,314
Spending Overview
Spending Breakdown
| Representational | $162,128 (14.58%) |
| Political Activities and Lobbying | $9,791 (0.88%) |
| Contributions, Gifts, and Grants | $9,726 (0.87%) |
| General Overhead | $264,222 (23.75%) |
| Union Administration | $164,128 (14.76%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $195,623 (17.59%) |
| To Union Employees | $76,231 (6.85%) |
| 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
1,202
Income per Member
$839
Dues (per month/mbr)
$69
Membership Trend
| Year | Members |
|---|---|
| 2002 | 639 |
| 2003 | 690 |
| 2004 | 693 |
| 2005 | 842 |
| 2006 | 788 |
| 2007 | 824 |
| 2008 | 845 |
| 2009 | 896 |
| 2010 | 950 |
| 2011 | 944 |
| 2012 | 835 |
| 2013 | 842 |
| 2014 | 1,058 |
| 2015 | 1,089 |
| 2016 | 1,095 |
| 2017 | 1,252 |
| 2018 | 1,237 |
| 2019 | 1,180 |
| 2020 | 1,179 |
| 2021 | 1,202 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$29,851
Total Employees
13
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| RICARDO SANCHEZ | GENERAL CHAIRMAN | $135,860 |
| ELIZABETH LAZARO | OFFICE MANAGER | $102,341 |
| JEFFREY KLEIN | PRESIDENT | $46,511 |
| STEVEN SCHMITT | PRESIDENT | $34,871 |
| $21,344 | ||
| MICHAEL COLUMBO | FINANCIAL SECRETARY | $13,212 |
| MATTHEW HARJUS | RECORDING SECRETARY | $7,242 |
| VINCENT D'AGOSTINO | VICE PRESIDENT | $6,631 |
| JOSEPH SONNICHSEN | EXECUTIVE BOARD | $5,330 |
| FRANK HILL | EXECUTIVE BOARD | $5,184 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Transportation and Warehousing | 1 |
| Not Provided | 1 |
| Transportation | 1 |