Unions are by no means simple organizations. The IBT is indeed a big business, surviving on the dues of its hard-working members. The IBT is required each year to file a document called an "LM-2" which reports the union's most recent financial flow. The Union has not posted this information on their website, in fact it's unlikely that their members ever get to see the LM-2. But you can see the latest LM-2 for yourself.

In the 2004, the IBT International LM-2 Report stated that over $149 million in cash receipts was collected. Even with that amount of money coming in, the IBT still somehow managed to pay out $155 million.

What do the real numbers look like? To see the real dollars from the APWU's financial statement, simply move your cursor over the word "Disbursements" or the word "Receipts."



So where is the money going? A chunk of the money is paying top union official salaries and costly operating expenses. Of the over $149 million the IBT collected how much did it spend on behalf of individual members? Well, according to Item 72 (on page 2-4) of the International's 2004 LM-2, the Union responded to this line items as follows: "72. On behalf of Individual Members . . . . . . $0."

Click on any section of the pie chart below to see the detailed expenditures for that category.




How much of this could come right out of your pocket?
Find out how much your union dues could be with the Dues Calculator for IBT.

After you see how quickly your dues can add up, take it one step further with the Investment Calculator for IBT.

Discover just how much you could have earned if you'd invested your money instead of paying dues with it.