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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $895,140
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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?
- Robert Amabile (Trustee)
- Christopher Erikson (Trustee)
- John Mannino (Trustee)
- Kristine Denapoli (Trustee)
- Thomas Cleary (Trustee)
- Joseph Santigate (Trustee)
- Ben D'Alessandro (Trustee)
Official website here: www.jibei.org
Where can I find the form 990 for Job Security Fund Of The Electrician Industry?
The 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.
Impact
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.
Thursday, August 15, 2024
The Job Security Fund Of The Electrician Industry plays a crucial role in providing job security for members of Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (Local 3). By supervising and administering the process of seeking employment for these members, the Fund helps ensure a steady flow of jobs within the electrical industry. This initiative not only benefits the individual electricians by providing them with consistent work opportunities but also contributes to the overall stability of the industry. Additionally, by collecting employer contributions designated for various plans related to benefits, wages, and employment, the Fund helps support the financial security of the workers and promotes a healthy working environment. Overall, the impact of the Job Security Fund Of The Electrician Industry is significant in fostering job security and sustaining the livelihoods of electricians in the industry.
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.
- Assets and Liabilities:
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) 591-2000
Principal Officer
Humberto J Restrepo
Main Address
158-11 Harry Van Arsdale JR Avenue, Flushing, NY, 11365
Website
www.jibei.org
NTEE Category
Code: J40 - Employment
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