International Brotherhood of Electrical Workers, Local 261
Basic Information
Local 261
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 | $56,518 |
| Total Liabilities | $0 |
| Total Income | $141,946 |
| Total Spent | $131,197 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $55,165 (+24.2%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $603 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $750 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $141,902 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $44 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $0 |
| Members | $0 |
| 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
$131,197
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $1,618 (1.23%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $12,537 (9.56%) |
| To Union Employees | $1,656 (1.26%) |
| Education | $0 (0.00%) |
| Fees | $225 (0.17%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Membership
Total Members
372
Income per Member
$382
Dues (per MONTH)
$33
Membership Trend
| Year | Members |
|---|---|
| 2002 | 378 |
| 2003 | 410 |
| 2004 | 435 |
| 2005 | 435 |
| 2006 | 332 |
| 2007 | 343 |
| 2008 | 366 |
| 2009 | 365 |
| 2011 | 334 |
| 2012 | 331 |
| 2013 | 343 |
| 2014 | 312 |
| 2015 | 330 |
| 2016 | 346 |
| 2017 | 374 |
| 2018 | 382 |
| 2019 | 385 |
| 2020 | 404 |
| 2021 | 372 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$1,374
Total Employees
10
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| RICHARD MCCOMBS | PRESIDENT/BUISNESS MNGR | $5,500 |
| WAYLAND HEDDING | FINANCIAL SECRETARY | $2,310 |
| SCOTT HEDDING | TREASURER | $2,076 |
| CHARLES WITT, JR | CHAIRMAN EXECUTIVE BOARD | $1,383 |
| SEAN BANKS | VICE PRESIDENT | $1,138 |
| WAYNE BURNS | TREASURER | $728 |
| GARY FONTAINE | RECORDING SECRETARY | $600 |
| MIKE HICKY | EXECUTIVE BOARD | $0 |
| SEAN HAWKINS | EXECUTIVE BOARD | $0 |
| THOMAS ERICK | RECORDING SEC EXEC BOARD | $0 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023