International Brotherhood of Electrical Workers, Local 488
Basic Information
Local 488
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 | $6,541,295 |
| Total Liabilities | $1,627,652 |
| Total Income | $1,324,030 |
| Total Spent | $1,455,874 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,674,960 (-7.3%) |
| Accounts Receivable | $68,597 (-32.4%) |
| Investments | $187,075 (+16.7%) |
| Fixed Assets | $4,610,663 (+16.7%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $6,200 |
| Accounts Payable | $72,569 |
| Other Liabilities | $11,199 |
| Mortgages | $1,537,684 |
Income
| Dues | $1,024,780 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $7,336 |
| Loan Repayment | $0 |
| Interest | $6,917 |
| Dividends | $13,048 |
| Rents | $136,397 |
| Fees and Fines | $0 |
| Loans Obtained | $98,285 |
| Other Receipts | $37,267 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $13,941 |
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
$1,455,874
Spending Overview
Spending Breakdown
| Representational | $261,478 (17.96%) |
| Political Activities and Lobbying | $5,556 (0.38%) |
| Contributions, Gifts, and Grants | $20,175 (1.39%) |
| General Overhead | $549,811 (37.77%) |
| Union Administration | $51,617 (3.55%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $212,584 (14.60%) |
| To Union Employees | $44,101 (3.03%) |
| 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
464
Income per Member
$2,854
Dues (per Quarter)
$61.50-$118.50
Membership Trend
| Year | Members |
|---|---|
| 2002 | 520 |
| 2003 | 500 |
| 2004 | 464 |
| 2005 | 434 |
| 2006 | 432 |
| 2007 | 441 |
| 2008 | 445 |
| 2009 | 536 |
| 2010 | 514 |
| 2011 | 491 |
| 2012 | 463 |
| 2013 | 447 |
| 2014 | 406 |
| 2015 | 402 |
| 2016 | 390 |
| 2017 | 442 |
| 2018 | 462 |
| 2019 | 480 |
| 2020 | 468 |
| 2021 | 464 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$24,848
Total Employees
15
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DANIEL MCINERNEY | BUS MGR/FIN SEC | $135,766 |
| JEROME WHITE | RECORDING SECRETARY | $100,337 |
| ANTHONY CAVALLI | ASST. BUS MGR/EBOARD | $73,672 |
| LISA MADARANG | BOOKKEEPER | $61,442 |
| ROBERT NITSCHE | EXECUTIVE BOARD | $1,500 |
| PETER MARIN | EXECUTIVE BOARD | $0 |
| KEVIN DUBOIS | EXECUTIVE BOARD | $0 |
| JOHN ROMAN | EXECUTIVE BOARD | $0 |
| JOHN GULINO | EXECUTIVE BOARD | $0 |
| WILLIAM COLE | TREASURER | $0 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023