Intercepts

A listening post monitoring public education and teachers’ unions.

Kentucky Education Association’s Finances

Written By: Mike Antonucci - Dec• 26•14

The Kentucky Education Association cut expenses to improve its status.

Total membership – 41,749, up 137

Total revenue – $11.2 million (86% came from member dues), up $100,000

Budget surplus – $220,000

Net assets – $5.2 million

Total staff – 83

Staff salaries and benefits – $7.5 million

Highest paid employee – Mary Ann Blankenship, executive director, $150,264 base salary

Highest paid contractor – Brooks McComb & Fields, $270,823

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Merry Christmas!

Written By: Mike Antonucci - Dec• 25•14

funny-christmas-quotes-1

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Kansas NEA’s Finances

Written By: Mike Antonucci - Dec• 24•14

Kansas NEA received $813,557 in “NEA Project Advances.”

Total membership – 26,278, down 733

Total revenue – $8.4 million (86% came from member dues), down $240,000

Budget surplus – $700,000

Net assets – $6.4 million

Total staff – 59

Staff salaries and benefits – $5.9 million

Highest paid employee – Claudette Johns, executive director, $110,533 base salary

Highest paid contractor – None received more than $100,000

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Iowa State Education Association’s Finances

Written By: Mike Antonucci - Dec• 23•14

The Iowa State Education Association holds almost $19 million in staff pension and post-retirement benefit liabilities.

Total membership – 36,951, up 127

Total revenue – $15 million (89% came from member dues), up $80,000

Budget surplus – $970,000

Net assets – negative $4.5 million

Total staff – 96

Staff salaries and benefits – $11.3 million

Highest paid employee – Steven King, UniServ director, $217,170 base salary

Highest paid contractor – Iowa Schools Employee Benefits Association, $1,722,024

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NEA President Tries to Sweet Talk “Cloven-Hoofed Minions”

Written By: Mike Antonucci - Dec• 22•14

Click here to read.

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Indiana State Teachers Association’s Finances

Written By: Mike Antonucci - Dec• 22•14

More than five years after the collapse of its insurance trust, the Indiana State Teachers Association is still far from crawling out from under. Still, despite losing members and revenue, owing NEA $16.1 million, and subsidizing the remaining liabilities of the trust in an amount of more than $5 million, the union still managed to post a $2.6 million surplus. How? By reducing labor costs.

ISTA was able to reduce total staff compensation by more than $3 million in a single year. Coupled with other cost-cutting measures, the union was able to increase its net worth to negative $13.7 million.

NEA has already made adjustments to its own books to account for the situation in Indiana, but ISTA figures to be a drag on the rest of NEA for many years to come.

Total membership – 44,716, down 2,152

Total revenue – $21.6 million (87.5% came from member dues), down $290,000

Budget surplus – $2.6 million

Net assets – negative $13.7 million

Total staff – 79

Staff salaries and benefits – $9.3 million

Highest paid employee – Brenda Pike, executive director, $170,241 base salary

Highest paid contractor – Benesch, Friedlander, Coplan & Aronoff, $277,338

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Illinois Education Association’s Finances

Written By: Mike Antonucci - Dec• 19•14

The Illinois Education Association’s fluctuating numbers for the past few years were caused by an extraordinarily large expenditure on staff compensation in 2011-12. The union contributed $26.3 million to employee pensions that year, but received $6.9 million in return the following year. That $33 million swing helps explain the huge budget surplus and the improvement to IEA’s net assets, albeit still in the red.

Total membership – 138,406, down 295

Total revenue – $51.2 million (89% came from member dues), up $910,000

Budget surplus – $15.5 million

Net assets – negative $2.2 million

Total staff – 354

Staff salaries and benefits – $21.7 million

Highest paid employee – Audrey Soglin, executive director, $201,717 base salary

Highest paid contractor – Allison, Slutsky & Kennedy, $303,375

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