Overview
What is Educational And Cultural Trust Fund Of The Electrical Industry?
The Educational and Cultural Trust Fund of the Electrical Industry is a nonprofit organization situated at 158-11 Harry Van Arsdale Jr Avenue, Flushing, NY 11365. Its primary objective is to gather and invest funds contributed by electrical contractors, with the aim of delivering educational and cultural advantages to the members of Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO. Furthermore, the Fund maintains the Electrical Industry Center. In essence, it functions as a support system for the union members, focusing on their personal growth and cultural enrichment.
Official website here: www.jibei.com
What are the reviews and ratings of this charity?
The Educational and Cultural Trust Fund of the Electrical Industry is currently not rated by Charity Navigator. This absence is primarily due to its status as a non-501(c)(3) organization, which excludes it from the traditional rating criteria centered on Accountability & Finance. The lack of a rating should not be interpreted as an indication of the organization's performance or impact.
Charity Navigator requires specific beacon scores as a basis for evaluation, particularly focusing on Accountability, Impact & Measurement, and others. However, for organizations such as the Educational and Cultural Trust Fund that are not 501(c)(3), these metrics are not applicable, limiting available financial and operational transparency.
Additionally, due to its classification, Charity Navigator does not have revenue, expense, or salary information for this nonprofit. The organization operates independently, not affiliated with any broader networks, which may influence how it aligns with industry-standard assessments.
No user reviews are available on GreatNonprofits for the Educational and Cultural Trust Fund of the Electrical Industry.
This AI summary has been generated from information found on Charity Navigator.
Is Educational And Cultural Trust Fund Of The Electrical Industry legitimate?
Educational And Cultural Trust Fund Of The Electrical Industry is a legitimate nonprofit organization registered as a 501(c)(5) entity. Educational And Cultural Trust Fund 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: $492,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,554,435
For more financial information, click here
Official website here: www.jibei.com
What is the mission statement of Educational And Cultural Trust Fund Of The Electrical Industry?
The Educational and Cultural Trust Fund of the Electrical Industry focuses on collecting and investing funds from electrical contractors to provide educational and cultural benefits for members of Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO. The primary goal is to enhance the lives of union members through educational opportunities and cultural experiences. The Fund also maintains an Electrical Industry Center for the benefit of this community.
Official website here: www.jibei.com
Who is the CEO of Educational And Cultural Trust Fund Of The Electrical Industry?
Humberto Restrepo is the Chairman of Educational And Cultural Trust Fund Of The Electrical Industry.
Official website here: www.jibei.com
What is the revenue of Educational And Cultural Trust Fund Of The Electrical Industry?
Educational And Cultural Trust Fund Of The Electrical Industry's revenue in 2022 was $23,193,740.
Official website here: www.jibei.com
Who are the executives of Educational And Cultural Trust Fund Of The Electrical Industry and what are their salaries?
The average compensation at Educational And Cultural Trust Fund Of The Electrical Industry during 2022 was $33,562. There are 61 employees and 18 volunteers at Educational And Cultural Trust Fund Of The Electrical Industry.
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Official website here: www.jibei.com
Where can I find the form 990 for Educational And Cultural Trust Fund Of The Electrical Industry?
Educational And Cultural Trust Fund Of The Electrical Industry's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jibei.com
Learn more at the official website: www.jibei.com
Mission Statement of Educational And Cultural Trust Fund Of The Electrical Industry
The Educational and Cultural Trust Fund of the Electrical Industry is a notable organization with a mission to collect and invest funds from electrical contractors. This mission is geared towards providing valuable educational and cultural benefits to the members of Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO. Additionally, the Fund is dedicated to maintaining the Electrical Industry Center.
In essence, the Fund serves as a vital resource for the electrical industry community, focusing on the well-being and advancement of its members. Through the investment of funds received from electrical contractors, the organization is able to offer a range of educational and cultural opportunities that cater to the needs and interests of the Local Union No. 3 members. These benefits not only contribute to their professional growth but also enrich their overall experiences.
Moreover, the Fund's role extends beyond just providing educational and cultural benefits. It is also tasked with maintaining the Electrical Industry Center, which acts as a central hub for the electrical industry community. This facility offers a conducive environment for members to engage in various activities, fostering a strong sense of camaraderie and shared learning experiences. Collectively, the Educational and Cultural Trust Fund of the Electrical Industry plays a pivotal role in supporting and empowering its members, ensuring they have access to resources that enable personal and professional growth.
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Impact
October, 2024
The Educational And Cultural Trust Fund Of The Electrical Industry plays a crucial role in enhancing the educational and cultural landscape for the members of Local Union No. 3 of the International Brotherhood of Electrical Workers (IBEW). By collecting and investing funds from electrical contractors, the Fund ensures the availability of resources directed toward educational scholarships, training programs, and cultural initiatives.
This financial support empowers union members by providing them with opportunities to advance their skills and knowledge, ultimately enhancing their professional capabilities in the electrical industry. Additionally, the Fund helps maintain the Electrical Industry Center, serving as a hub for training and cultural enrichment, which fosters community and solidarity among union members.
As a result, the Trust Fund not only contributes to the personal and professional development of its members but also strengthens the overall electrical industry by promoting a well-educated and culturally aware workforce. This ensures that the members of Local Union No. 3 are well-prepared to meet the challenges of their profession while also fostering a sense of pride and unity within the industry.
This information is meant to be a general summary of Educational And Cultural Trust Fund 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$302,458
- Program Service Revenue: $23,392,461
- Gross Receipts: $109,616,282
Assets and Liabilities:
- Total Assets: $75,779,830
- Total Liabilities: $14,949,772
- Net Assets: $60,830,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER'S CONTRIBUTIONS
Revenue
$18,370,014
Organization Details
Founding Year
1964
Phone
(718) 591-2000Principal Officer
Humberto Restrepo
Main Address
158-11 Harry Van Arsdale Jr Avenue, Flushing, NY, 11365
Website
www.jibei.comNTEE Category
Code: B11 - Education
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