International Brotherhood of Electrical Workers, Local 242
Basic Information
Local 242
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 | $3,294,217 |
| Total Liabilities | $5,392 |
| Total Income | $2,041,386 |
| Total Spent | $1,259,631 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,281,002 (+156.6%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $1,985,413 (+3.5%) |
| Fixed Assets | $27,802 (+3.5%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $5,392 |
| Mortgages | $0 |
Income
| Dues | $1,752,070 |
| Per Person Tax | $234,888 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $48,101 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $6,327 |
| 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
$1,259,631
Spending Overview
Spending Breakdown
| Representational | $232,753 (18.48%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $19,801 (1.57%) |
| General Overhead | $200,093 (15.89%) |
| Union Administration | $224,299 (17.81%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $363,247 (28.84%) |
| To Union Employees | $57,153 (4.54%) |
| 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
568
Income per Member
$3,594
Dues (per MONTH)
$42
Membership Trend
| Year | Members |
|---|---|
| 2002 | 525 |
| 2003 | 539 |
| 2004 | 535 |
| 2005 | 531 |
| 2006 | 539 |
| 2007 | 469 |
| 2008 | 535 |
| 2009 | 533 |
| 2010 | 525 |
| 2011 | 520 |
| 2012 | 520 |
| 2013 | 506 |
| 2014 | 511 |
| 2015 | 529 |
| 2016 | 528 |
| 2017 | 532 |
| 2018 | 532 |
| 2019 | 525 |
| 2020 | 525 |
| 2021 | 568 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$46,761
Total Employees
11
Employees Making more than $75,000
3
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DONALD SMITH | BUSINESS MANAGER | $151,391 |
| KYLE BUKOVICH | PRESIDENT | $133,673 |
| MATT PREBLE | EXEC BOARD/ORGANIZER | $132,572 |
| KRISTA STEFFER | SECRETARY | $71,442 |
| JIM PETRICH | EXECUTIVE BOARD | $22,238 |
| NEIL GRAUPMAN | RECORDING SECRETARY | $900 |
| KYLE SKARP | TREASURER | $900 |
| TODD ANDERSON | EXECUTIVE BOARD | $600 |
| JERRY PETERSEN | EXECUTIVE BOARD | $550 |
| BRIAN JOHNSON | EXECUTIVE BOARD | $100 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023