International Brotherhood of Electrical Workers, Local 1426
Basic Information
Local 1426
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 | $3,444,818 |
| Total Liabilities | $1,578 |
| Total Income | $1,448,627 |
| Total Spent | $1,770,278 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,777,478 (-15.3%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $815,701 (+9.0%) |
| Fixed Assets | $851,639 (+9.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $1,578 |
| Mortgages | $0 |
Income
| Dues | $736,339 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $9,154 |
| Dividends | $29,747 |
| Rents | $14,026 |
| Fees and Fines | $643,935 |
| Loans Obtained | $0 |
| Other Receipts | $15,426 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $15,426 |
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
$1,770,278
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $7,460 (0.42%) |
| Contributions, Gifts, and Grants | $2,000 (0.11%) |
| General Overhead | $171,105 (9.67%) |
| Union Administration | $601,136 (33.96%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $7,004 (0.40%) |
| To Union Employees | $512,207 (28.93%) |
| 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
804
Income per Member
$1,802
Dues (per Month)
Varies
Membership Trend
| Year | Members |
|---|---|
| 2002 | 925 |
| 2003 | 915 |
| 2004 | 0 |
| 2005 | 857 |
| 2006 | 856 |
| 2007 | 875 |
| 2008 | 895 |
| 2009 | 900 |
| 2010 | 887 |
| 2011 | 856 |
| 2012 | 826 |
| 2013 | 822 |
| 2014 | 869 |
| 2015 | 897 |
| 2016 | 929 |
| 2017 | 915 |
| 2018 | 886 |
| 2019 | 854 |
| 2020 | 800 |
| 2021 | 804 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$32,451
Total Employees
16
Employees Making more than $75,000
4
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| JAIME HELGESON | BUSINESS MANAGER | $119,171 |
| JEREMY DENAULT | ASSIST BUSINESS MANAGER | $89,516 |
| ERICK BREKKE | MEMBERSHIP DIRECTOR | $88,787 |
| STEVE WALSH | SECRETARY | $82,190 |
| MISSY KRINGBAUM | SECRETARY | $66,951 |
| NANCY HEIDEN | SECRETARY | $65,592 |
| STEVE WALSH | EXECUTIVE BOARD MEMBER | $1,462 |
| ALEX KAUTZ | TREASURER | $1,217 |
| DEREK SONDREAL | EXECUTIVE BOARD MEMBER | $1,155 |
| GREGORY GUSTAFSON | EXECUTIVE BOARD MEMBER | $1,155 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023