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International Brotherhood of Electrical Workers, Local 354 - Ibew Local Union 354

Basic Information

Local 354

(IBEW LOCAL UNION 354)

Quick Facts

Address

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
3400 WEST 2100 SOUTH
WEST VALLEY CITY, UT 84119

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 $19,866,035
Total Liabilities $113,775
Total Income $9,633,446
Total Spent $5,112,887

Total Assets Trend

Assets (Change from previous report)

Cash $10,012,805 (+82.3%)
Accounts Receivable $0 (0.0%)
Investments $7,091,457 (+1.5%)
Fixed Assets $1,329,447 (+1.5%)
Treasury Securities $1,431,000 (+36.9%)
Other Assets $1,326 (0.0%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $0
Accounts Payable $0
Other Liabilities $113,775
Mortgages $0

Income

Dues $8,549,269
Per Person Tax $0
Investments $970,293
Supplies $0
Loan Repayment $0
Interest $0
Dividends $0
Rents $36,322
Fees and Fines $27,282
Loans Obtained $0
Other Receipts $50,280
Affiliates $0
Members $0
Reinvestments $1,101,538
All Others $50,280

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 $1,072,376 (20.97%)
Political Activities and Lobbying $47,261 (0.92%)
Contributions, Gifts, and Grants $51,395 (1.01%)
General Overhead $340,859 (6.67%)
Union Administration $557,163 (10.90%)
Strike Benefits $0 (0.00%)
To Union Officers $195,120 (3.82%)
To Union Employees $516,370 (10.10%)
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
20021,433
20031,431
20041,441
20051,233
20061,382
20071,440
20081,510
20091,554
20101,503
20111,456
20121,618
20131,590
20141,482
20151,628
20161,696
20171,933
20181,962
20192,331
20202,291
20212,489

Source: Office of Labor Management Standards

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

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
STEVE WOODMANBUS MANAGER/FIN SEC$101,402
CONCETTA DEFAASST BUSINESS MANAGER$95,947
$92,871
JARED BRYDSONVP/ORGANIZER/ASST BUS MGR$91,575
BRAD BAUGHORGANIZER$88,566
ANTHONY SORROORGANIZER$85,301
WESLEY ERVINBUSINESS REPRESENTATIVE$84,862
CONNIE O'VERYOFFICE MANAGER$81,593
MASON LYMANDISPATCHER/BUS REP$65,162
SABRINA HILLSECRETARY$58,185

Source: Office of Labor Management Standards

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

Crime, Corruption & Racketeering

The Office of Labor-Management Standards (OLMS) conducts investigations to determine if violations of the Labor-Management Relations and Disclosure Act (LMRDA) provisions have occurred.

Investigations are initiated based on various sources such as complaints from union members; information developed by OLMS as a result of reviewing reports filed; information developed during an OLMS audit of a union’s books and records; and information obtained from other government agencies. Investigations may involve civil matters (such as an election of union officers) or criminal matters (such as embezzlement of union funds).

Corruption and Embezzlement Charges

Type of Criminal ActivityNumber of Instances
Officials Sentenced1

Some incidents may be accounted for in multiple categories.

Source: Office of Labor-Management Standards

Last Updated: April 8th, 2021

Financial Audits

The Office of Labor-Management Standards (OLMS) has responsibility under the Labor-Management Relations and Disclosure Act (LMRDA) to conduct audits to determine if unions are complying with the law.

OLMS uses a streamlined audit approach called the Compliance Audit Program (CAP) to audit local unions which utilizes specialized records review and investigative techniques to verify LMRDA compliance.

Source: Office of Labor-Management Standards

Last Updated: November 15th, 2016

Recent Contract Negotiations

Map of recent contract negotiations
IndustryContracts
Mining1