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WEAC: $24 Million in Dues... Just $18.85K in Scholarships

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Interesting analysis of the teachers union's money machine... which helps explain why the union bosses were so adamant in  fighting the walker reforms. Richard Moore reports:

With the practice of paying forced union dues soon to become a relic of the past for many public employees, officials of the Wisconsin Education Association Council have reportedly contacted members in a bid to convince them to continue paying up through automatic bank withdrawals.

That's not surprising because the revenue stream the state's largest teachers' union is trying to protect is substantial. In fact, the organization collected more than $23.4 million in membership dues in fiscal year 2009 from its approximately 98,000 members.

The numbers are included on WEAC's IRS forms for the year. Fiscal year 2009 was the latest filing available. The state's new collective bargaining law that took effect this week will end mandatory dues payments and government collection of dues for many public employees immediately and for most of the rest when current contracts expire.

According to IRS documents, the union mustered membership dues of $23,458,810 in fiscal year 2009. National Education Association revenue totaled another $1,419,819, while all revenues totaled $25,480,973, including investment income of $367,482.

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