Overview
What is Job Security Fund Of The Electrician Industry?
The Job Security Fund of the Electrical Industry is a nonprofit organization founded on May 2, 2019, as part of the Collective Bargaining Agreement between Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (Local 3) and electrical contractors' associations and independent electrical contractors. The Joint Industry Board of the Electrical Industry administers the Fund, which collects employer contributions for various plans, including the Benefit and Wage Plan, the Job Targeting Fund, and the Employment Plan. The Fund's primary mission is to oversee employment opportunities for Local 3 members in the electrical industry.
Official website here: www.jibei.org
Is Job Security Fund Of The Electrician Industry legitimate?
Job Security Fund Of The Electrician Industry is a legitimate nonprofit organization registered as a 501(c)(5) entity. Job Security Fund Of The Electrician 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: $895,140
For more financial information, click here
Official website here: www.jibei.org
What is the mission statement of Job Security Fund Of The Electrician Industry?
The Job Security Fund of the Electrician Industry was established in 2019 as part of the Collective Bargaining Agreement between Local Union No. 3 of the International Brotherhood of Electrical Workers (Local 3) and electrical contractors' associations and independent electrical contractors. The main objective of the Fund is to manage the employment process for Local 3 members. The Fund's activities are overseen by the Joint Industry Board of the Electrical Industry, which collects employer contributions for various plans, including the Benefit and Wage Plan, the Job Targeting Fund, and the Employment Plan. Employers contribute a portion of their weekly standard gross wages to these plans in accordance with the Collective Bargaining Agreements. The Fund's primary goal is to secure employment opportunities for Local 3 members.
Official website here: www.jibei.org
Who is the CEO of Job Security Fund Of The Electrician Industry?
Humberto J Restrepo is the Trustee of Job Security Fund Of The Electrician Industry.
Official website here: www.jibei.org
What is the revenue of Job Security Fund Of The Electrician Industry?
Job Security Fund Of The Electrician Industry's revenue in 2022 was $23,391,047.
Official website here: www.jibei.org
Who are the executives of Job Security Fund Of The Electrician Industry and what are their salaries?
There 7 volunteers at Job Security Fund Of The Electrician Industry.
Here are 7 key members and their salaries:
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Official website here: www.jibei.org
Where can I find the form 990 for Job Security Fund Of The Electrician Industry?
Job Security Fund Of The Electrician 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 Job Security Fund Of The Electrician Industry
The Job Security Fund of the Electrician Industry, a vital organization established on May 2, 2019, focuses on managing and overseeing employment opportunities for members of Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (Local 3). Its primary mission is to ensure that the workforce in the electrical industry remains stable and employed.
Administered by The Joint Industry Board of the Electrical Industry, the Fund plays a pivotal role in facilitating the employment process for Local 3 members. The Collective Bargaining Agreements between Local Union No. 3 and the electrical contractors' associations and independent electrical contractors (Participating Employers) outline the Fund's operations. The Board, on behalf of the Fund, collects designated employer contributions towards the Benefit and Wage Plan, the Job Targeting Fund, and the Employment Plan. Electrical contractors contribute varying amounts of their weekly standard gross wages to the Fund, as outlined in the Collective Bargaining Agreements.
The Job Security Fund of the Electrician Industry serves as a bridge between Local 3 members and the electrical industry, securing employment opportunities for its members. By managing and overseeing the employment process, the organization helps ensure that the electrical workforce remains productive and skilled, contributing significantly to the industry's growth and stability.
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Impact
October, 2024
The Job Security Fund of the Electrician Industry plays a crucial role in enhancing the employment stability of members from Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO. Established on May 2, 2019, it operates under a collective bargaining agreement involving electrical contractors and independent contractors who contribute to the fund.
Its primary focus is to supervise and facilitate job placements for its members, ensuring they have access to consistent work opportunities. The Fund is administered by the Joint Industry Board of the Electrical Industry, which collects contributions from participating employers. These contributions are allocated towards various initiatives, including the Benefit and Wage Plan, the Job Targeting Fund, and the Employment Plan.
By pooling financial resources through employer contributions based on agreed wage standards, the Fund creates a safety net for electricians, helping them navigate periods of unemployment or underemployment. This support not only promotes individual financial security but also contributes to the overall stability of the electrical workforce, aligning with the broader goals of the industry. The Job Security Fund serves as a vital mechanism for fostering employment relationships and ensuring that skilled electricians remain gainfully employed in a rapidly evolving job market.
This information is meant to be a general summary of Job Security Fund Of The Electrician 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: -$468,684
- Program Service Revenue: $23,859,731
- Gross Receipts: $23,391,047
Assets and Liabilities:
- Total Assets: $66,050,042
- Total Liabilities: $4,051,527
- Net Assets: $61,998,515
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$23,859,731
Organization Details
Founding Year
2019
Phone
(718) 591-2000Principal Officer
Humberto J Restrepo
Main Address
158-11 Harry Van Arsdale JR Avenue, Flushing, NY, 11365
Website
www.jibei.orgNTEE Category
Code: J40 - Employment
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