International Brotherhood of Electrical Workers, Local 56
Basic Information
Local 56
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 | $2,055,646 |
| Total Liabilities | $75,920 |
| Total Income | $925,507 |
| Total Spent | $772,756 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,112,216 (+15.9%) |
| Accounts Receivable | $69,021 (+28.4%) |
| Investments | $637,737 (-9.0%) |
| Fixed Assets | $205,873 (-9.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $30,799 (+4.1%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $0 |
| Per Person Tax | $130,160 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $37,242 |
| Dividends | $0 |
| Rents | $3,880 |
| Fees and Fines | $652,099 |
| Loans Obtained | $0 |
| Other Receipts | $102,126 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $14,867 |
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
$772,756
Spending Overview
Spending Breakdown
| Representational | $279,461 (36.16%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $20,928 (2.71%) |
| General Overhead | $33,073 (4.28%) |
| Union Administration | $155,135 (20.08%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $174,951 (22.64%) |
| To Union Employees | $0 (0.00%) |
| 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
283
Income per Member
$3,270
Dues (per MONTH)
$40
Membership Trend
| Year | Members |
|---|---|
| 2002 | 345 |
| 2003 | 357 |
| 2004 | 363 |
| 2005 | 345 |
| 2006 | 335 |
| 2007 | 330 |
| 2008 | 320 |
| 2009 | 489 |
| 2010 | 490 |
| 2011 | 431 |
| 2012 | 261 |
| 2013 | 275 |
| 2014 | 260 |
| 2015 | 256 |
| 2016 | 255 |
| 2017 | 250 |
| 2018 | 265 |
| 2019 | 273 |
| 2020 | 271 |
| 2021 | 272 |
| 2022 | 283 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$14,579
Total Employees
12
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| JAMES NUBER, JR | BUSINESS MANAGER | $89,481 |
| MATHEW FUHRMAN | ORGANIZER | $82,580 |
| MICHAEL ST. GEORGE | PRESIDENT | $600 |
| BRYCE BRETER | EXECUTIVE BOARD | $549 |
| GERALD HAIBACH | RECORDING SECRETARY | $400 |
| RYAN MCCHESNEY | VICE PRESIDENT | $300 |
| RICK DUNHAM | EXECUTIVE BOARD | $260 |
| DOUGLAS COBURN | EXECUTIVE BOARD | $240 |
| JAHI SAUNDERS | TREASURER | $225 |
| CARL HALL | EXECUTIVE BOARD | $200 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023