International Brotherhood of Electrical Workers, Local 490
Basic Information
Local 490
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 | $2,076,547 |
| Total Liabilities | $678,881 |
| Total Income | $1,015,113 |
| Total Spent | $1,010,835 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $304,766 (+1.4%) |
| Accounts Receivable | $62,316 (-8.6%) |
| Investments | $456,559 (+6.6%) |
| Fixed Assets | $1,251,610 (+6.6%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $1,296 (-59.2%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $12,284 |
| Other Liabilities | $0 |
| Mortgages | $666,597 |
Income
| Dues | $157,218 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $2,313 |
| Loan Repayment | $0 |
| Interest | $4 |
| Dividends | $35,566 |
| Rents | $168,275 |
| Fees and Fines | $647,543 |
| Loans Obtained | $0 |
| Other Receipts | $4,194 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $4,194 |
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
$1,010,835
Spending Overview
Spending Breakdown
| Representational | $192,655 (19.06%) |
| Political Activities and Lobbying | $17,657 (1.75%) |
| Contributions, Gifts, and Grants | $14,511 (1.44%) |
| General Overhead | $281,490 (27.85%) |
| Union Administration | $52,028 (5.15%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $82,598 (8.17%) |
| To Union Employees | $167,420 (16.56%) |
| 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
342
Income per Member
$2,968
Dues (per month)
$39.50
Membership Trend
| Year | Members |
|---|---|
| 2002 | 429 |
| 2003 | 474 |
| 2004 | 439 |
| 2005 | 412 |
| 2006 | 384 |
| 2007 | 353 |
| 2008 | 334 |
| 2009 | 327 |
| 2010 | 330 |
| 2011 | 326 |
| 2012 | 324 |
| 2013 | 319 |
| 2014 | 319 |
| 2015 | 246 |
| 2016 | 238 |
| 2017 | 296 |
| 2018 | 306 |
| 2019 | 313 |
| 2020 | 331 |
| 2021 | 322 |
| 2022 | 342 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$17,985
Total Employees
17
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| MARCO LACASSE | BUSINESS MANAGER | $91,686 |
| STEVEN LAWRENCE | ASSISTANT BUSINESS MGR. | $81,992 |
| WILLIAM PERRY | MEMBERSHIP DEVELOPMNT MGR | $77,714 |
| DONNA ROBIE | OFFICE MANAGER | $38,966 |
| NICHOLAS LYDON | E BOARD/ASST BUSINESS MGR | $7,760 |
| $4,220 | ||
| ZACHARY WOOLFORD | PRESIDENT | $1,137 |
| JAMES LUKEMAN | TREASURER | $1,137 |
| MARK HAYWOOD | RECORDING SECRETARY | $759 |
| JOSHUA WARMOTH | EXECUTIVE BOARD | $377 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023