Overview
What is Electrical Industry Supplemental Unemployment Benefit Fund Of The?
The Electrical Industry Supplemental Unemployment Benefit Fund of The is a nonprofit organization, specifically established to provide financial support during periods of layoff for electricians affiliated with IBEW Local 58. Located in Madison Heights, Michigan, this fund has proven to be a vital resource, distributing over 1.86 million dollars in income security to participating individuals who found themselves unemployed during a given year. The primary goal of this fund is to alleviate some of the financial strain experienced by electricians during periods of job loss.
Official website here: www.ewjbt.org
Is Electrical Industry Supplemental Unemployment Benefit Fund Of The legitimate?
Electrical Industry Supplemental Unemployment Benefit Fund Of The is a legitimate nonprofit organization registered as a 501(c)(17) entity. Electrical Industry Supplemental Unemployment Benefit Fund Of The 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.ewjbt.org
What is the mission statement of Electrical Industry Supplemental Unemployment Benefit Fund Of The?
The Electrical Industry Supplemental Unemployment Benefit Fund's primary purpose is to offer a measure of financial security during periods of layoff to electricians affiliated with IBEW Local 58. The fund serves to provide financial assistance during times of job loss, striving to alleviate the financial strain that comes with unemployment. Over the course of a year, the fund disbursed approximately 1.86 million dollars to eligible participants who were out of work.
Official website here: www.ewjbt.org
Who is the CEO of Electrical Industry Supplemental Unemployment Benefit Fund Of The?
E Craig Young is the Benefits Dir of Electrical Industry Supplemental Unemployment Benefit Fund Of The.
Official website here: www.ewjbt.org
What is the revenue of Electrical Industry Supplemental Unemployment Benefit Fund Of The?
Electrical Industry Supplemental Unemployment Benefit Fund Of The's revenue in 2022 was $2,737,105.
Official website here: www.ewjbt.org
Who are the executives of Electrical Industry Supplemental Unemployment Benefit Fund Of The and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $350,000
- Other: $52,839
- Compensation: $0
- Related: $138,000
- Other: $52,839
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ewjbt.org
Where can I find the form 990 for Electrical Industry Supplemental Unemployment Benefit Fund Of The?
Electrical Industry Supplemental Unemployment Benefit Fund Of The's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ewjbt.org
Learn more at the official website: www.ewjbt.org
Mission Statement of Electrical Industry Supplemental Unemployment Benefit Fund Of The
The Electrical Industry Supplemental Unemployment Benefit Fund of The is established with a mission to provide a measure of income security for electricians affiliated with IBEW Local 58 during periods of lay-off. This nonprofit organization aims to alleviate financial burdens experienced by these electricians during times of job loss. The fund was active during the year in question, distributing over 1.86 million dollars to participating electricians who were temporarily out of work. The purpose of the fund is to offer a safety net, ensuring that these skilled professionals can maintain a certain level of financial stability during challenging employment phases.
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Impact
October, 2024
The Electrical Industry Supplemental Unemployment Benefit Fund Of The significantly impacts electricians of IBEW Local 58 by providing crucial income support during periods of layoff. The fund ensures that affected workers can maintain a level of financial stability in challenging times, helping to alleviate the stress and uncertainty that often accompany unemployment.
In the past year alone, the fund has disbursed over $1.86 million to participants who were unable to work, reinforcing its role as a vital safety net for these professionals. This support not only helps individuals and their families sustain their livelihoods but also contributes to the overall economic health of the community by preventing a total financial collapse among laid-off workers. Ultimately, the fund plays a critical role in enhancing job security and providing peace of mind for electricians facing work interruptions.
This information is meant to be a general summary of Electrical Industry Supplemental Unemployment Benefit Fund Of The. 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: $1,948,941
- Program Service Revenue: $788,072
- Gross Receipts: $58,559,799
Assets and Liabilities:
- Total Assets: $55,226,519
- Total Liabilities: $142,596
- Net Assets: $55,083,923
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$787,809
LATE PAYMENT ASSESSMENTS
Revenue
$263
Organization Details
Founding Year
1963
Phone
(586) 575-9200Principal Officer
E Craig Young
Main Address
PO BOX 71337, MADISON HEIGHTS, MI, 48071
Website
www.ewjbt.orgIf you are a representative of Electrical Industry Supplemental Unemployment Benefit Fund Of The 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.