Pension Comm Joint Industry Board Of The Electrical Industry

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

EIN: 130891045 ✦ Flushing, NY ✦ Designated as a 501(c)(9)

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Overview

What is Pension Comm Joint Industry Board Of The Electrical Industry?

The Pension Comm Joint Industry Board of the Electrical Industry is a nonprofit organization, established to extend medical and additional benefits to eligible members of the electrical industry. Based in Flushing, New York, the Board collects and invests funds contributed by electrical contractors under a three-year collective bargaining agreement between the participating employers and Local Union No 3 of the International Brotherhood of Electrical Contractors. This collaboration aims to provide essential benefits to its members.


Official website here: www.jibei.org

Is Pension Comm Joint Industry Board Of The Electrical Industry legitimate?

Pension Comm Joint Industry Board Of The Electrical Industry is a legitimate nonprofit organization registered as a 501(c)(9) entity. Pension Comm Joint Industry Board 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 Pension Comm Joint Industry Board Of The Electrical Industry?

The Pension Comm Joint Industry Board of the Electrical Industry focuses on providing medical and other benefits to eligible members of the electrical industry. They carry out this mission by collecting and investing funds from electrical contractors in accordance with a three-year collective bargaining agreement between the participating employers and Local Union No 3 of the International Brotherhood of Electrical Contractors. The primary objective of the Board is to administer these benefits under the agreed terms. By pooling resources, the organization ensures that members have access to essential benefits, enhancing their overall well-being within the electrical industry.


Official website here: www.jibei.org

Who is the CEO of Pension Comm Joint Industry Board Of The Electrical Industry?

Humberto Restrepo is the Trustee of Pension Comm Joint Industry Board Of The Electrical Industry.


Official website here: www.jibei.org

What is the revenue of Pension Comm Joint Industry Board Of The Electrical Industry?

Pension Comm Joint Industry Board Of The Electrical Industry's revenue in 2022 was $465,606,109.


Official website here: www.jibei.org

Who are the executives of Pension Comm Joint Industry Board Of The Electrical Industry and what are their salaries?

There 17 volunteers at Pension Comm Joint Industry Board Of The Electrical Industry.


Here are 17 key members and their salaries:


Sandra Milad Gibson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Capurso (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Van Arsdale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Erikson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John G Marcato (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Cleary (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Erikson Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Gianotti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Drazic (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Santigate (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Hofving (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Proscia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Lazzaro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Sobel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Amabile (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kory Kleinberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Schauder (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.jibei.org

Where can I find the form 990 for Pension Comm Joint Industry Board Of The Electrical Industry?

Pension Comm Joint Industry Board 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 Pension Comm Joint Industry Board Of The Electrical Industry

The Pension Comm Joint Industry Board of the Electrical Industry is a nonprofit organization dedicated to providing medical and other benefits to eligible members of the electrical industry. The Board serves as a crucial intermediary between electrical contractors and Local Union No 3 of the International Brotherhood of Electrical Contractors, facilitating the collection and investment of funds for the provision of these benefits.

Under the terms of a collective bargaining agreement between participating employers and the union, the Pension Comm Joint Industry Board assumes the role of managing and administering the benefits program. This three-year agreement outlines the principles upon which the Board operates, with the primary focus being the delivery of medical and additional benefits to qualified individuals in the electrical industry.

By pooling resources from electrical contractors, the Pension Comm Joint Industry Board is able to provide a comprehensive benefits package to its members. The organization's mission is to ensure that the electrical industry workforce has access to essential healthcare and support services, enhancing their overall well-being and enabling them to maintain their professional commitments within the industry.

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Impact




October, 2024

The Pension Comm Joint Industry Board Of The Electrical Industry plays a crucial role in the well-being of workers within the electrical industry by providing essential medical and other benefits. Its activities focus on collecting and investing funds contributed by electrical contractors, facilitating the provision of benefits as outlined in collective bargaining agreements with Local Union No 3 of the International Brotherhood of Electrical Contractors, AFL-CIO. This support not only enhances the financial security and health of eligible members but also fosters a more stable and productive workforce within the electrical sector. By fulfilling its mission, the board contributes to a more sustainable working environment, enhancing the quality of life for its members and their families.




This information is meant to be a general summary of Pension Comm Joint Industry Board 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
$465,606,109 (2022)
Expenses
$574,353,168 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,071,082
  • Program Service Revenue: $460,535,027
  • Gross Receipts: $962,239,528

Assets and Liabilities:

  • Total Assets: $368,981,107
  • Total Liabilities: $87,820,603
  • Net Assets: $281,160,504

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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

$439,658,095

OTHER CONTRIBUTIONS

Revenue

$15,547,982

AMOUNTS RECEIVED UNDER RECIPROCAL AGREEMENT

Revenue

$5,328,950

Organization Details

Founding Year

1946

Principal Officer

Humberto Restrepo

Main Address

158-11 HARRY VAN ARSDALE JR AVENUE, FLUSHING, NY, 113653067

NTEE Category

Code: Y40 - Mutual benefit

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