International Brotherhood of Electrical Workers, Local 347
Basic Information
Local 347
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 | $14,395,678 |
| Total Liabilities | $106,411 |
| Total Income | $9,408,118 |
| Total Spent | $11,967,444 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,107,161 (-69.8%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $6,443,107 (-12.2%) |
| Fixed Assets | $6,840,685 (-12.2%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $4,725 (-52.4%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $106,411 |
| Mortgages | $0 |
Income
| Dues | $62,611 |
| Per Person Tax | $0 |
| Investments | $4,794,070 |
| Supplies | $56,074 |
| Loan Repayment | $0 |
| Interest | $38,005 |
| Dividends | $48,057 |
| Rents | $30,000 |
| Fees and Fines | $3,533,079 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $826,077 |
| Members | $20,145 |
| 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
$11,967,444
Spending Overview
Spending Breakdown
| Representational | $302,168 (2.52%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $72,652 (0.61%) |
| General Overhead | $673,630 (5.63%) |
| Union Administration | $229,885 (1.92%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $223,517 (1.87%) |
| To Union Employees | $481,872 (4.03%) |
| 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
1,975
Income per Member
$4,764
Dues (per month)
$3.00
Membership Trend
| Year | Members |
|---|---|
| 2002 | 95 |
| 2003 | 1,103 |
| 2004 | 1,004 |
| 2005 | 1,190 |
| 2006 | 1,250 |
| 2007 | 1,213 |
| 2008 | 1,227 |
| 2009 | 1,200 |
| 2010 | 1,085 |
| 2011 | 1,085 |
| 2012 | 1,101 |
| 2013 | 1,091 |
| 2014 | 1,296 |
| 2015 | 1,370 |
| 2016 | 1,472 |
| 2017 | 1,559 |
| 2018 | 1,621 |
| 2019 | 1,758 |
| 2020 | 1,888 |
| 2021 | 1,975 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$39,188
Total Employees
18
Employees Making more than $75,000
5
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DAVID REID | MEMBER DEVELOPMENT | $116,233 |
| PATRICK WELLS | BUSINESS MANAGER | $113,472 |
| SCOTT FARNSWORTH | ASST BUSINESS MANAGER | $110,013 |
| RANDY TUCKER | MEMBER DEVELOPMENT | $108,879 |
| TIMOTHY HAWTHORN | EXECUTIVE BOARD MEMBER | $83,774 |
| CAROL HARVEY | DUES AND BOOKKEEPING | $74,054 |
| MISTY TURNER | ADMIN COORDINATOR | $53,493 |
| $19,200 | ||
| CHAD LOWE | PRESIDENT | $7,016 |
| DOUGLAS WOLF | EXECUTIVE BOARD MEMBER | $3,668 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Union Decertifications
Unionized employees can elect to revoke a union's right to represent them through a process called a decertification. In order to decertify a union, a majority of the unionized employees must vote to remove the union in an election overseen by the National Labor Relations Board (NLRB).
Total Decertification Petitions
2
Source: National Labor Relations Board
Case Activity Tracking System
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Manufacturing | 12 |
| Construction | 5 |
| Arts, Entertainment and Recreation | 3 |
| Not Provided | 1 |
| Utilities | 1 |
| Service | 1 |
| Communications | 1 |