Additional Security Benefits Plan Of The Electrical Industry

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 112212659 ✦ Flushing, NY ✦ Designated as a 501(c)(9)

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Overview

What is Additional Security Benefits Plan Of The Electrical Industry?

The Additional Security Benefits Plan of the Electrical Industry, situated in Flushing, New York, is a nonprofit organization primarily dedicated to distributing supplementary security benefits to members of the electrical industry. The organization collects and invests funds sent by electrical contractors, with the primary goal of offering additional benefits to members of Local Union No. 3. By providing these benefits, the organization aims to support and enhance the lives of its members.


Official website here: www.jibei.org

Is Additional Security Benefits Plan Of The Electrical Industry legitimate?

Additional Security Benefits Plan Of The Electrical Industry is a legitimate nonprofit organization registered as a 501(c)(9) entity. Additional Security Benefits Plan Of The Electrical Industry submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.jibei.org

What is the mission statement of Additional Security Benefits Plan Of The Electrical Industry?

The Additional Security Benefits Plan of the Electrical Industry is focused on collecting and investing funds, primarily from electrical contractors. This plan's primary objective is to provide additional security benefits to eligible members belonging to Local Union No. 3 in the electrical industry. The plan's mission is to make these payments, ensuring financial security for its members. The plan's activities are centered around managing and distributing these funds to the beneficiaries.


Official website here: www.jibei.org

Who is the CEO of Additional Security Benefits Plan Of The Electrical Industry?

Humberto Restrepo is the Trustee of Additional Security Benefits Plan Of The Electrical Industry.


Official website here: www.jibei.org

What is the revenue of Additional Security Benefits Plan Of The Electrical Industry?

Additional Security Benefits Plan Of The Electrical Industry's revenue in 2022 was $4,190,561.


Official website here: www.jibei.org

Who are the executives of Additional Security Benefits Plan Of The Electrical Industry and what are their salaries?

There 14 volunteers at Additional Security Benefits Plan Of The Electrical Industry.


Here are 14 key members and their salaries:


John Mannino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Gilston (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Van Arsdale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Kleinberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Lazzaro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Erikson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Hofving (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Cleary (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Proscia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristine Denapoli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Santigate (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Gianotti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Erikson Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Villafane (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.jibei.org

Where can I find the form 990 for Additional Security Benefits Plan Of The Electrical Industry?

Additional Security Benefits Plan Of The Electrical Industry's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.jibei.org

Learn more at the official website: www.jibei.org

Mission Statement of Additional Security Benefits Plan Of The Electrical Industry

The Additional Security Benefits Plan of the Electrical Industry is dedicated to the collection and investment of funds from electrical contractors, with the primary objective of providing supplementary benefits to members of Local Union No. 3. This nonprofit organization's mission is to make payments of these additional security benefits to eligible members of the electrical industry, ensuring financial support during challenging times. By providing these benefits, the Additional Security Benefits Plan of the Electrical Industry aims to support and uplift its members, offering a sense of security and stability in their professional lives.

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Impact




October, 2024

The Additional Security Benefits Plan of the Electrical Industry significantly impacts its members by ensuring financial security for eligible individuals within Local Union No. 3. Through the collection and strategic investment of funds contributed by electrical contractors, the plan provides crucial additional security benefits that support members during times of need.

Members of the electrical industry can rely on this plan for supplementary financial assistance, which can alleviate stress during challenging circumstances, such as health issues, retirement, or other unforeseen events. This stability fosters a sense of community and mutual support among union members, reinforcing their commitment to the industry and each other.

Moreover, the financial resources managed by the plan promote a culture of trust and collective responsibility. By ensuring that members can access additional security benefits, the plan plays a vital role in enhancing the overall well-being of union members and their families. Ultimately, it contributes to the long-term viability and strength of the electrical workforce, ensuring a more secure future for all involved.




This information is meant to be a general summary of Additional Security Benefits Plan Of The Electrical Industry. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,190,561 (2022)
Expenses
$26,976,645 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,190,561
  • Gross Receipts: $131,246,663

Assets and Liabilities:

  • Total Assets: $391,533,266
  • Total Liabilities: $5,391,443
  • Net Assets: $386,141,823

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Organization Details

Founding Year

1969

Principal Officer

Humberto Restrepo

Main Address

158-11 Harry Van Arsdale Jr Avenue, Flushing, NY, 11365

NTEE Category

Code: Y40 - Mutual benefit

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