Civic Intelligence

Additional Security Benefits Plan of the Electrical Industry

990 • Fiscal year 2017 • EIN 11-2212659

Oct 01, 2016 to Sep 30, 2017 • Filed on Jul 30, 2018

Organization Profilewww.JIBEI.org

View Organization Page

158-11 Harry Van Arsdale Jr AvenueFlushing, NY 11365

(718) 591-2000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.10x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • $1B+ nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

6.98x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • $1B+ nonprofits • Source year 2017

Net Margin

1st percentile

-395%

Higher net margin than 1% of similar nonprofits.

2017 filings • $1B+ nonprofits • Source year 2017

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • $1B+ nonprofits • Source year 2017

Asset Growth

9th percentile

-2.1%

Faster asset growth than 9% of similar nonprofits.

2017 filings • $1B+ nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-40%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • $1B+ nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$540,520,413

Down $11,419,743 (-2.1%) from 2016

Net Assets

Down

$484,068,746

Down $31,732,883 (-6.2%) from 2016

Liabilities

Up

$56,451,667

Up $20,313,140 (+56%) from 2016

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin1st percentile

Revenue

Down

$8,091,789

Down $5,481,207 (-40%) from 2016

Expenses

Down

$40,016,540

Down $5,083,549 (-11%) from 2016

Net Income

Down

-$31,924,751

Down $397,658 (-1.3%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0B$500M$0Assets 2010: $927,703,345Liabilities 2010: $49,804,107Net Assets 2010: $877,899,2382010Assets 2011: $821,648,316Liabilities 2011: $42,432,343Net Assets 2011: $779,215,9732011Assets 2012: $730,698,985Liabilities 2012: $21,771,617Net Assets 2012: $708,927,3682012Assets 2013: $668,895,295Liabilities 2013: $25,854,994Net Assets 2013: $643,040,3012013Assets 2014: $599,186,959Liabilities 2014: $6,560,630Net Assets 2014: $592,626,3292014Assets 2015: $562,980,650Liabilities 2015: $14,230,274Net Assets 2015: $548,750,3762015Assets 2016: $551,940,156Liabilities 2016: $36,138,527Net Assets 2016: $515,801,6292016Assets 2017: $540,520,413Liabilities 2017: $56,451,667Net Assets 2017: $484,068,7462017Assets 2018: $489,601,011Liabilities 2018: $35,315,240Net Assets 2018: $454,285,7712018Assets 2019: $471,826,944Liabilities 2019: $35,583,110Net Assets 2019: $436,243,8342019Assets 2020: $431,347,379Liabilities 2020: $14,716,590Net Assets 2020: $416,630,7892020Assets 2021: $408,170,316Liabilities 2021: $1,224,814Net Assets 2021: $406,945,5022021Assets 2022: $391,533,266Liabilities 2022: $5,391,443Net Assets 2022: $386,141,8232022Assets 2023: $364,720,882Liabilities 2023: $2,713,869Net Assets 2023: $362,007,0132023Assets 2024: $354,082,656Liabilities 2024: $4,924,824Net Assets 2024: $349,157,8322024

Highlighted filing

2017

Assets$540,520,413
Liabilities$56,451,667
Net Assets$484,068,746
Open 2017 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$100M$0-$100MExpenses 2010: $157,879,5352010Expenses 2011: $117,463,2852011Expenses 2012: $91,107,2912012Revenue 2013: $5,085,885Expenses 2013: $68,063,694Net Income 2013: -$62,977,8092013Revenue 2014: $9,460,750Expenses 2014: $59,409,560Net Income 2014: -$49,948,8102014Revenue 2015: $9,280,597Expenses 2015: $51,943,461Net Income 2015: -$42,662,8642015Revenue 2016: $13,572,996Expenses 2016: $45,100,089Net Income 2016: -$31,527,0932016Revenue 2017: $8,091,789Expenses 2017: $40,016,540Net Income 2017: -$31,924,7512017Revenue 2018: $2,500,901Expenses 2018: $35,912,005Net Income 2018: -$33,411,1042018Revenue 2019: $10,698,365Expenses 2019: $32,019,126Net Income 2019: -$21,320,7612019Revenue 2020: $8,773,088Expenses 2020: $28,240,773Net Income 2020: -$19,467,6852020Revenue 2021: $6,846,492Expenses 2021: $25,975,434Net Income 2021: -$19,128,9422021Revenue 2022: $4,190,561Expenses 2022: $26,976,645Net Income 2022: -$22,786,0842022Revenue 2023: $6,308,811Expenses 2023: $25,456,080Net Income 2023: -$19,147,2692023Revenue 2024: $9,310,703Expenses 2024: $24,207,077Net Income 2024: -$14,896,3742024

Highlighted filing

2017

Revenue$8,091,789
Expenses$40,016,540
Net Income-$31,924,751
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jul 30, 2018
Return Version
2016v3.0
Gross Receipts
$1,727,900,356
Mission and Program Overview

Mission

Payments of additional security benefits to eligible members of the electrical industry Local Union No 3 members.

The Collection and Investment of Funds received from Electrical Contractors for the Purpose of Providing Benefits to Members of Local Union No. 3.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$515,801,629$484,068,746▼ $31,732,883
Investments in Publicly Traded Securities$474,376,401$440,145,800▼ $34,230,601
Investments Other Securities$40,720,511$44,222,661▲ $3,502,150
Cash and Non-Interest-Bearing Accounts$0$2,301,733▲ $2,301,733
Savings and Temporary Cash Investments$2,207,415$0▼ $2,207,415
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$551,940,156$540,520,413▼ $11,419,743
Other Assets Total$34,635,829$53,850,219▲ $19,214,390
Liabilities
Other Liabilities$34,927,378$55,321,138▲ $20,393,760
Accounts Payable and Accrued Expenses$1,211,149$1,130,529▼ $80,620
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$36,138,527$56,451,667▲ $20,313,140
Net Assets / Fund Balance
Total Net Assets Fund Balance$515,801,629$484,068,746▼ $31,732,883
Total Liabilities and Net Assets / Fund Balance$551,940,156$540,520,413▼ $11,419,743

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$6,972,825--
Other Securities$10,664,604--
Compensation and Service Providers
Top Officer Pay3rd percentile

Board Members and Trustees

NameTitle
Carol KleinbergTrustee
Christopher EriksonTrustee
Gina AddeoTrustee
John E MarchellTrustee
John ManninoTrustee
Ken BrouwerTrustee
Kristine DeNapoliTrustee
Lance Van ArsdaleTrustee
Luis RestrepoTrustee
Raymond MelvilleTrustee
Stephen GianottiTrustee
Steven LazzaroTrustee
Vincent McElroenTrustee
William HofvingTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$8,091,789
Other Revenue
$0
Change in Net Assets
$-31,924,751

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,091,789
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$191,868
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$8,283,657
Total Revenue per Form 990
$8,091,789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,988,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$38,028,031
Other Expenses---$1,414,827
Fees for Service Investment Mgmnt Fees---$573,682
Total Functional Expenses$0$0$0$40,016,540

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$40,016,540
Total Expenses per Audited Statements$40,016,540
Total Expenses per Form 990$40,016,540
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Collateral Payable$45,076,164
Due to Broker for Pending Securities Purchased$10,244,974
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The plan's board of trustees approves all financial statement information included in the form 990. (the plan's audited september 30, 2017 financial statements were approved by the board of trustees). In addition, the plan's trustees approve all significant transactions that impact the plan.”

Form 990, Part VI, Section C, Line 19

“The plan makes its governing documents available to all its members. This is communicated in various manners (summary annual reports, internal websites, etc). The plan's financial statements are also filed with its form 5500.”

Filing and Contact Details

Filer

Filer Name
Additional Security Benefits Plan of the Electrical Industry
EIN
11-2212659
Phone
7185912000
Address
158-11 Harry Van Arsdale Jr Avenue, Flushing, NY 11365

Signing Officer

Name
Dr Gerald Finkel
Title
Chairman, Joint Industry Board
Phone
7185912000
Signed
2018-07-30

Organization Details

Principal Officer
Dr Gerald Finkel
Formed
1969
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
0
Employees
0
Volunteers
14
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The finance committee evaluates and recommends the independent accountant to the plan's trustees.”

Financial Statement Notes

Schedule D, Part X, Line 2

“Management evaluated all of the plan's tax positions for all open tax years and has concluded that the plan has taken no uncertain tax positions that require adjustment to the financial statements.”

Raw XML AppendixShowing 400 of 536 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01718151608
IRS990/GrossReceiptsAmt01727900356
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt09522414
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09748748
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0226334
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt040720511
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt044222661
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0474376401
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0440145800
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01719808567
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Payments of additional security benefits to eligible members of the electrical industry Local Union No 3 members.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0515801629
IRS990/NetAssetsOrFundBalancesEOYAmt0484068746
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1656959
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1656959
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0191868
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt034635829
IRS990/OtherAssetsTotalGrp/EOYAmt053850219
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE AND RECORDKEEPING EXPENSES
IRS990/OtherExpensesGrp/TotalAmt01414827
IRS990/OtherLiabilitiesGrp/BOYAmt034927378
IRS990/OtherLiabilitiesGrp/EOYAmt055321138
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DR GERALD FINKEL
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt042925799
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013572996
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02174290
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-31527093
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt045100089
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013572996
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-31924751
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0515801629
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0484068746
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02207415
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt040016540
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0191868
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt045076164
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11767713
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29188
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt324329
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt46972825
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0COLLATERAL FOR SECURITIES LOANED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PREPAID EXPENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE FROM THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DUE FROM THE BROKER FOR PENDING SECURITIES SOLD
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045076164
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110244974
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COLLATERAL PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO BROKER FOR PENDING SECURITIES PURCHASED
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt033558057
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt110664604
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALPINE INSTITUTIONAL LIMITED PARTNERSHIP
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ELECTRICAL INDUSTRY REAL ESTATE FUND LLC
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt0191868
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08091789
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT EVALUATED ALL OF THE PLAN'S TAX POSITIONS FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT THE PLAN HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueOtherAssetsAmt053850219
IRS990ScheduleD/TotalBookValueSecuritiesAmt044222661
IRS990ScheduleD/TotalExpensesPerForm990Amt040016540
IRS990ScheduleD/TotalLiabilityAmt055321138
IRS990ScheduleD/TotalRevenuePerForm990Amt08091789
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08283657
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt040016540
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PLAN'S BOARD OF TRUSTEES APPROVES ALL FINANCIAL STATEMENT INFORMATION INCLUDED IN THE FORM 990. (THE PLAN'S AUDITED SEPTEMBER 30, 2017 FINANCIAL STATEMENTS WERE APPROVED BY THE BOARD OF TRUSTEES). IN ADDITION, THE PLAN'S TRUSTEES APPROVE ALL SIGNIFICANT TRANSACTIONS THAT IMPACT THE PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PLAN MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO ALL ITS MEMBERS. THIS IS COMMUNICATED IN VARIOUS MANNERS (SUMMARY ANNUAL REPORTS, INTERNAL WEBSITES, ETC). THE PLAN'S FINANCIAL STATEMENTS ARE ALSO FILED WITH ITS FORM 5500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCE COMMITTEE EVALUATES AND RECOMMENDS THE INDEPENDENT ACCOUNTANT TO THE PLAN'S TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$540,520,413
Liabilities
$56,451,667
Net assets
$484,068,746
Revenue
$8,091,789
Expenses
$40,016,540
Net income
-$31,924,751
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$354$4.92$349$9.31$24.2$14.9
2023Detailed filing. Detailed filing data is available for this year.$365$2.71$362$6.31$25.5$19.1
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$392$5.39$386$4.19$27.0$22.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$408$1.22$407$6.85$26.0$19.1
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$431$14.7$417$8.77$28.2$19.5
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$472$35.6$436$10.7$32.0$21.3
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$490$35.3$454$2.50$35.9$33.4
2017Detailed filing. Detailed filing data is available for this year.$541$56.5$484$8.09$40.0$31.9
2016Detailed filing. Detailed filing data is available for this year.$552$36.1$516$13.6$45.1$31.5
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$563$14.2$549$9.28$51.9$42.7
2014Detailed filing. Detailed filing data is available for this year.$599$6.56$593$9.46$59.4$49.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$669$25.9$643$5.09$68.1$63.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$731$21.8$709$91.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$822$42.4$779$117
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$928$49.8$878$158