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Salaries Fit for a King!
Who needs to teach when it is possible to earn BIG BUCK$ as an NEA employee or officer!
United States Department of Labor, Form LM-2,
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ASEE Presents:NEA's
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LM-2, Labor Organization Annual Report |
This is the actual form that is required by the United States Department of Labor which must be filed by all labor organizations, such as NEA, that have $200,000 or more in annual receipts. This form provides an overview of the complete document. |
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LM-2, Schedule1- Loans Receivable Schedule 3 - Other Assets Schedule 4 - Other Liabilities |
Loans Receivable? Yes, that's right, NEA granted loans, in the amount of $111,394 to their employees during the fiscal year that ended on August 31, 1999! NEA even granted long-term payroll advances to their employees! How many NEA members have benefits like that? Shocking but TRUE! |
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LM-2, Schedule 9 Disbursements to Officers and Board of Directors |
Find out how much NEA pays their officers and board members! NEA has 6 officers and other individuals who earn MORE than $100,000 per year listed here! Three of those earn approximately $300,000 or more! |
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LM-2, Schedule 9 - Member Benefits Corp. Disbursements to Officers Schedule 10 - Member Benefits Corp Disbursements to Employees |
This form lists 7 officers or employees who work for NEA's Member Benefits Corporation (a wholly-owned subsidiary of NEA) that earn more than $100,000 per year! |
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LM-2, Schedule 10 - Disbursements to NEA Employees who earn more than $10,000 per year |
Absolutely Shocking but TRUE! Of the 577 individuals listed on this form, 152 NEA EMPLOYEES EARN MORE THAN $100,000! The AVERAGE SALARY of all individuals listed on this document is $87,437.37! |
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LM-2, Schedule 10 - Disbursements to NEA Employees who earn less than $10,000 per year |
Not much here - only 24 NEA employees, total, earn less than $10,000 - their average salary is $4,760.59. |
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LM-2, Schedule 11 - Benefits |
This schedule lists SEVERANCE PAYMENTS of $430,000! (What happened NEA, hire some HONEST employees that you couldn't handle anymore?) Also listed are "Annual Leave Payments" of $360,758, "Annual Leave Buyouts" of $386,803, and "Eyeglass Reimbursements [for] NEA Staff" of $47,256. |
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LM-2, Schedule 13- Office and Administrative Expenses Schedule 14 - "Other Receipts" and Schedule 15 - "Other Disbursements" |
These documents describe a variety of NEA's operating expenses. |
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LM-2, Item 75 - Additional Information |
This document describes several of NEA's programs and other items mentioned elsewhere on Form LM-2. Is it possible that the Sarkisian vs. NEA hearing on charges of UNFAIR LABOR PRACTICES could have been paid for out of the Kate Frank/DuShane Unified Legal Services Program described here? |
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Want to find out more about what NEA's Expenses? Visit the Association for Union Democracy (AUD) web site to find out what information is available to the public and how you too can obtain this information! Also, want to order the latest financial records about NEA? AUD provides you with the COMPLETE INSTRUCTIONS - order your set today (ASEE has!) and find out how your union dues are used to fatten the hogs!
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© 1999 All rights reserved.
Page established: 03/22/00
Last revised: Friday, January 17, 2003 03:32:55 PM