International Brotherhood of Electrical Workers, Local 124
Basic Information
Local 124
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 | $30,644,700 |
| Total Liabilities | $271,968 |
| Total Income | $21,310,881 |
| Total Spent | $23,783,595 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $2,869,187 (-46.3%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $21,019,453 (+14.8%) |
| Fixed Assets | $2,769,503 (+14.8%) |
| Treasury Securities | $3,986,557 (+184.6%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $271,968 |
| Mortgages | $0 |
Income
| Dues | $9,169,627 |
| Per Person Tax | $0 |
| Investments | $11,318,228 |
| Supplies | $49,232 |
| Loan Repayment | $0 |
| Interest | $513,636 |
| Dividends | $55,626 |
| Rents | $0 |
| Fees and Fines | $11,228 |
| Loans Obtained | $0 |
| Other Receipts | $53,026 |
| Affiliates | $0 |
| Members | $140,278 |
| Reinvestments | $0 |
| All Others | $30,193 |
Source: Office of Labor Management Standards
Year Covered: 2022 • 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 2022
$23,783,595
Spending Overview
Spending Breakdown
| Representational | $3,172,352 (13.34%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $2,910 (0.01%) |
| General Overhead | $1,795,238 (7.55%) |
| Union Administration | $458,399 (1.93%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $308,239 (1.30%) |
| To Union Employees | $1,044,076 (4.39%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
3,826
Income per Member
$5,570
Dues (per Month)
$40
Membership Trend
| Year | Members |
|---|---|
| 2002 | 2,663 |
| 2003 | 2,600 |
| 2004 | 2,600 |
| 2005 | 2,337 |
| 2006 | 2,337 |
| 2007 | 2,516 |
| 2008 | 2,653 |
| 2009 | 2,489 |
| 2010 | 2,513 |
| 2011 | 2,407 |
| 2012 | 2,557 |
| 2013 | 2,976 |
| 2014 | 3,563 |
| 2015 | 3,306 |
| 2016 | 3,236 |
| 2017 | 2,730 |
| 2018 | 3,400 |
| 2019 | 3,334 |
| 2020 | 3,519 |
| 2021 | 3,128 |
| 2022 | 3,826 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$55,012
Total Employees
40
Employees Making more than $75,000
14
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| JOSEPH FUENTES | FINANCIAL SECRETARY | $140,739 |
| JOSEPH MORENO | BUSINESS MANAGER | $139,917 |
| JOSE SUSTAITA | BUSINESS AGENT | $128,573 |
| CHRISTOPHER HEEGN | BUSINESS AGENT | $127,257 |
| $126,856 | ||
| WADE KIEFER | BUSINESS AGENT | $120,083 |
| RALPH OROPEZA | BUSINESS AGENT | $118,675 |
| JASON DUKE | BUSINESS AGENT | $117,240 |
| BENJAMIN SCHILLING | REFERRAL AGENT | $116,201 |
| KENT EAGEN | BUSINESS AGENT | $115,191 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Construction | 19 |
| Personal Serv & Private Organizations | 11 |
| Manufacturing | 10 |
| Other | 9 |
| Service | 1 |
| Communications | 1 |