Hawaii Electricians Supplementary Unemployment Benefits Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 990163846 ✦ Honolulu, HI ✦ Designated as a 501(c)(9)

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Overview

What is Hawaii Electricians Supplementary Unemployment Benefits Fund?

The Hawaii Electricians Supplementary Unemployment Benefits Fund is a nonprofit organization, specifically a multi-employer plan, located at 1935 Hau Street 450, Honolulu, HI 96819. Its primary mission is to provide supplementary unemployment, severance, and disability benefits to eligible participants, adhering to the plan's regulations and rules. With a workforce of 878 employees, the fund aims to support individuals facing job loss, separation, or temporary incapacitation, providing them with additional financial assistance during these challenging times.

Is Hawaii Electricians Supplementary Unemployment Benefits Fund legitimate?

Hawaii Electricians Supplementary Unemployment Benefits Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hawaii Electricians Supplementary Unemployment Benefits 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

What is the mission statement of Hawaii Electricians Supplementary Unemployment Benefits Fund?

The Hawaii Electricians Supplementary Unemployment Benefits Fund is dedicated to providing supplemental unemployment, severance, and disability benefits to eligible participants, in adherence to the plan's rules and regulations. This multi-employer plan aims to offer additional financial assistance to individuals during challenging times such as unemployment, job loss, or disability. The primary objective is to offer support and alleviate some of the financial strain during these periods, enabling participants to focus on their recovery and future prospects.

Who is the CEO of Hawaii Electricians Supplementary Unemployment Benefits Fund?

Tracy Hayashi Al Itamot is the Union Trustee-Alternate of Hawaii Electricians Supplementary Unemployment Benefits Fund.

What is the revenue of Hawaii Electricians Supplementary Unemployment Benefits Fund?

Hawaii Electricians Supplementary Unemployment Benefits Fund's revenue in 2022 was $5,057,510.

Who are the executives of Hawaii Electricians Supplementary Unemployment Benefits Fund and what are their salaries?

There are 878 employees at Hawaii Electricians Supplementary Unemployment Benefits Fund.


Here are 8 key members and their salaries:


Jody Hanamoto (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hanamoto (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Watanabe (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Itamoto (Employer Trustee-Alternate)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damien Kim (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Kaloi (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Hayashi (Union Trustee-Alternate)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leyton Torda (Union Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hawaii Electricians Supplementary Unemployment Benefits Fund?

Hawaii Electricians Supplementary Unemployment Benefits Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hawaii Electricians Supplementary Unemployment Benefits Fund

The Hawaii Electricians Supplementary Unemployment Benefits Fund, as a multi-employer plan, is dedicated to providing supplemental unemployment, severance, and disability benefits to eligible participants. Adhering to its established rules and regulations, this nonprofit organization strives to extend financial assistance during challenging times of unemployment, severance, disability, or even in the event of death. By fulfilling this mission, the Hawaii Electricians Supplementary Unemployment Benefits Fund aims to offer a safety net and financial support to its participating members, thereby helping them navigate through difficult periods and maintain their well-being.

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Impact




October, 2024

The Hawaii Electricians Supplementary Unemployment Benefits Fund plays a crucial role in supporting eligible participants facing financial hardship due to unemployment, severance, disability, or death. By providing supplementary benefits, the fund helps alleviate the financial strain on workers in the electrical sector during difficult times, allowing them to maintain a degree of economic stability.

These benefits are particularly impactful for workers who may experience gaps in income due to layoffs or unforeseen circumstances. By serving as a buffer, the fund enables individuals and their families to manage daily expenses, healthcare needs, and other financial obligations, ultimately contributing to the overall well-being of the community.

Located in Honolulu, the fund operates under a multiemployer plan, meaning it collaborates with various employers to ensure that workers in the electrical field have access to these vital resources. This collective approach fosters a supportive environment for workers, promoting mutual benefit among employers and employees alike.




This information is meant to be a general summary of Hawaii Electricians Supplementary Unemployment Benefits 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.

Revenue
$5,057,510 (2022)
Expenses
$4,814,732 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $441,034
  • Program Service Revenue: $4,616,273
  • Gross Receipts: $29,600,470

Assets and Liabilities:

  • Total Assets: $19,015,833
  • Total Liabilities: $78,550
  • Net Assets: $18,937,283

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTION

Revenue

$4,615,617

LIQUIDATED DAMAGES

Revenue

$656

Organization Details

Founding Year

1962

Principal Officer

Tracy Hayashi Al Itamot

Main Address

1935 HAU STREET 450, HONOLULU, HI, 96819

NTEE Category

Code: Y40 - Mutual benefit

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