Overview
What is Health Reimbursement Account Fund Of The Electrical Industry?
The Health Reimbursement Account Fund of the Electrical Industry is a nonprofit organization primarily focused on collecting and managing funds from electrical contractors. These contributions are then invested to provide benefits for members of Local 3. In accordance with the Affordable Care Act, the organization adopted amendments to its plan provisions as of January 1, 2014. Its core mission is to gather and invest resources to support its members.
Official website here: www.jibei.org
Is Health Reimbursement Account Fund Of The Electrical Industry legitimate?
Health Reimbursement Account Fund Of The Electrical Industry is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health Reimbursement Account Fund 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.
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For more financial information, click here
Official website here: www.jibei.org
What is the mission statement of Health Reimbursement Account Fund Of The Electrical Industry?
The Health Reimbursement Account Fund of the Electrical Industry focuses on collecting and managing funds from electrical contractors to extend benefits to members of Local 3. In accordance with the Affordable Care Act, the organization made necessary amendments to its plan provisions starting January 1, 2014. The primary objective of the Fund is to accumulate and invest funds for the sole purpose of delivering benefits to the Local 3 members. By pooling resources, the Fund aims to provide essential health-related support and assistance to those it serves.
Official website here: www.jibei.org
Who is the CEO of Health Reimbursement Account Fund Of The Electrical Industry?
Humberto J Restrepo is the Trustee of Health Reimbursement Account Fund Of The Electrical Industry.
Official website here: www.jibei.org
What is the revenue of Health Reimbursement Account Fund Of The Electrical Industry?
Health Reimbursement Account Fund Of The Electrical Industry's revenue in 2022 was $47,126,968.
Official website here: www.jibei.org
Who are the executives of Health Reimbursement Account Fund Of The Electrical Industry and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.jibei.org
Where can I find the form 990 for Health Reimbursement Account Fund Of The Electrical Industry?
Health Reimbursement Account Fund 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 Health Reimbursement Account Fund Of The Electrical Industry
The Health Reimbursement Account Fund of the Electrical Industry is a unique organization dedicated to gathering and investing resources from electrical contractors. Its ultimate goal is to extend essential benefits to members of Local 3. Through its amendments to the plan provisions, the Fund ensured compliance with the Affordable Care Act as of January 1, 2014.
The Fund's primary objective revolves around the collection and investment of funds from electrical contractors. These investments are intended to offer significant advantages to members of Local 3. By pooling resources, the Fund is able to provide a more comprehensive benefits package to its members. Its operations are centered around the betterment of the Local 3 community, leveraging the power of collective contributions.
The Health Reimbursement Account Fund of the Electrical Industry plays a crucial role in enhancing the wellbeing of Local 3 members. By providing access to various benefits, the organization strives to improve the overall health and financial security of those it serves. Through its unwavering commitment to collection, investment, and distribution of funds, the Fund has established itself as a vital resource for the electrical industry.
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Impact
October, 2024
The Health Reimbursement Account Fund of the Electrical Industry plays a crucial role in supporting the health and financial well-being of its members. By collecting and investing funds from electrical contractors, it ensures that Local 3 members receive essential health benefits. This initiative not only supports individual members but also fosters a stronger community among electrical professionals.
The amendments to the plan in compliance with the Affordable Care Act demonstrate a commitment to providing comprehensive healthcare options. This enhancement allows members to access a broader range of benefits, contributing to improved health outcomes and financial stability. The fund's activities are vital in creating a safety net for members, empowering them to focus on their work without the added stress of healthcare costs. Overall, the fund significantly impacts the lives of Local 3 members, promoting mutual benefit and community resilience in the electrical industry.
This information is meant to be a general summary of Health Reimbursement Account Fund 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,141,862
- Program Service Revenue: $43,985,106
- Gross Receipts: $47,126,968
Assets and Liabilities:
- Total Assets: $129,953,040
- Total Liabilities: $2,246
- Net Assets: $129,950,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$43,985,106
Organization Details
Founding Year
2004
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: Y43 - Mutual benefit
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