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Union Facts

International Brotherhood of Electrical Workers, Local 505

Basic Information

Local 505

Quick Facts

Address

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
2244 HALLS MILL ROAD
MOBILE, AL 36606

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 $1,641,228
Total Liabilities $52,260
Total Income $818,194
Total Spent $810,038

Total Assets Trend

Assets (Change from previous report)

Cash $1,390,266 (+0.6%)
Accounts Receivable $62,606 (+34.7%)
Investments $0 (0.0%)
Fixed Assets $188,356 (0.0%)
Treasury Securities $0 (0.0%)
Other Assets $0 (0.0%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $0
Accounts Payable $32,602
Other Liabilities $19,658
Mortgages $0

Income

Dues $553,752
Per Person Tax $230,678
Investments $0
Supplies $0
Loan Repayment $0
Interest $714
Dividends $0
Rents $1,750
Fees and Fines $0
Loans Obtained $0
Other Receipts $18,000
Affiliates $0
Members $13,300
Reinvestments $0
All Others $0

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.

Spending Overview

Spending Breakdown

Representational $81,225 (10.03%)
Political Activities and Lobbying $10,368 (1.28%)
Contributions, Gifts, and Grants $5,200 (0.64%)
General Overhead $220,986 (27.28%)
Union Administration $145,336 (17.94%)
Strike Benefits $0 (0.00%)
To Union Officers $187,810 (23.19%)
To Union Employees $26,738 (3.30%)
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

Membership Trend

YearMembers
2002645
2003573
2004559
2005452
2006460
2007524
2008601
2009591
2010574
2011597
2012520
2013454
2014434
2015454
2016446
2017480
2018552
2019514
2020473
2021477
2022488

Source: Office of Labor Management Standards

Year Covered: 2022  •  Last Updated: June 12th, 2023

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
FRANK EVERETTFIN SEC/BUS MANAGER$87,368
FRANK BUNKLEYEXECUTIVE BOARD$75,050
JEREMY BOOTHEXECUTIVE BOARD$70,864
JANET MOOREOFFICE MANAGER$60,780
WILLIAM LEBEAUXEXECUTIVE BOARD$1,918
FREDRICK MOOREPRESIDENT$960
RANDALL LASSITERTREASURER$480
MATTHEW ARMSTRONGN/A$263
MICHAEL GREGORYEXECUTIVE BOARD$130
WILLIAM TEATRECORDING SECRETARY$40

Source: Office of Labor Management Standards

Year Covered: 2022  •  Last Updated: June 12th, 2023