Overview
What is Electrical Industry Group Life Fund?
The Electrical Industry Group Life Fund is a nonprofit organization situated in Flushing, New York. Its primary function is to accumulate and invest funds, primarily from electrical contractors and involved employers, to provide group term life insurance coverage for their eligible employees, which includes officers and part-time workers. Led by Dr. Gerald Finkel, the fund's mission is to offer financial protection to its members, providing them with peace of mind during challenging times.
Official website here: www.jibei.org
Is Electrical Industry Group Life Fund legitimate?
Electrical Industry Group Life Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electrical Industry Group Life Fund 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 Electrical Industry Group Life Fund?
The Electrical Industry Group Life Fund's primary mission is centered around the collection and investment of funds. These funds are primarily sourced from electrical contractors and participating employers. The primary objective of this investment is to provide group term life insurance coverage for their eligible employees, which may include officers, partners, or sole owners of these firms. The rules and regulations of the agreement set forth the criteria for these eligible participants.
Official website here: www.jibei.org
What is the revenue of Electrical Industry Group Life Fund?
Electrical Industry Group Life Fund's revenue in 2023 was $84,409.
Official website here: www.jibei.org
Who are the executives of Electrical Industry Group Life Fund and what are their salaries?
There 5 volunteers at Electrical Industry Group Life Fund.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.jibei.org
Where can I find the form 990 for Electrical Industry Group Life Fund?
Electrical Industry Group Life Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.jibei.org
Learn more at the official website: www.jibei.org
Mission Statement of Electrical Industry Group Life Fund
The Electrical Industry Group Life Fund, as its primary objective, gathers and invests funds obtained from electrical contractors and associated employers. This collection of funds serves a particular purpose: providing group term life insurance coverage for the eligible employees of these entities, including officers, partners, or sole owners of the firms. The rules and regulations established within the agreement of the Fund outline the criteria for these eligible participants. In essence, the Electrical Industry Group Life Fund exists to offer financial security and protection to a specified group of individuals within the electrical industry, through the provision of group term life insurance policies.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Electrical Industry Group Life Fund plays a crucial role in providing financial security to the workforce in the electrical contracting sector. By collecting and investing funds from electrical contractors and participating employers, the Fund facilitates the provision of group term life insurance coverage for eligible employees, including officers, partners, and sole owners of firms. This support not only enhances the overall well-being of employees but also fosters a sense of security and stability within the community.
Under the leadership of Dr. Gerald Finkel in Flushing, NY, the Fund efficiently manages these resources to ensure that beneficiaries receive the intended support during critical times. This initiative directly contributes to the peace of mind for both employers and employees, knowing that life insurance coverage is in place to safeguard against unforeseen circumstances. In essence, the Electrical Industry Group Life Fund is instrumental in promoting mutual benefits and enhancing the quality of life for those involved in the electrical industry.
This information is meant to be a general summary of Electrical Industry Group Life Fund. 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 2023.
- Investment Income: $33,665
- Program Service Revenue: $87,893
- Gross Receipts: $2,414,889
Assets and Liabilities:
- Total Assets: $1,115,996
- Total Liabilities: $18,211
- Net Assets: $1,097,785
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS' CONTRIBUTIONS
Revenue
$87,893
Organization Details
Founding Year
1958
Principal Officer
Dr Gerald Finkel
Website
www.jibei.orgNTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Electrical Industry Group Life Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.