Civic Intelligence

Additional Security Benefits Plan of the Electrical Industry

990 • Fiscal year 2018 • EIN 11-2212659

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 01, 2019

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

17th percentile

0.07x

Higher debt load relative to assets than 17% of similar nonprofits.

2018 filings • $1B+ nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

14.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • $1B+ nonprofits • Source year 2018

Net Margin

1st percentile

-1336%

Higher net margin than 1% of similar nonprofits.

2018 filings • $1B+ nonprofits • Source year 2018

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.

2018 filings • $1B+ nonprofits • Source year 2018

Asset Growth

6th percentile

-9.4%

Faster asset growth than 6% of similar nonprofits.

2018 filings • $1B+ nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-69%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • $1B+ nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$489,601,011

Down $50,919,402 (-9.4%) from 2017

Net Assets

Down

$454,285,771

Down $29,782,975 (-6.2%) from 2017

Liabilities

Down

$35,315,240

Down $21,136,427 (-37%) from 2017

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin1st percentile

Revenue

Down

$2,500,901

Down $5,590,888 (-69%) from 2017

Expenses

Down

$35,912,005

Down $4,104,535 (-10%) from 2017

Net Income

Down

-$33,411,104

Down $1,486,353 (-4.7%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2018

Assets$489,601,011
Liabilities$35,315,240
Net Assets$454,285,771
Open 2018 Filing

Operations Trend

Revenue Growth1st 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

2018

Revenue$2,500,901
Expenses$35,912,005
Net Income-$33,411,104
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 1, 2019
Return Version
2017v2.0
Gross Receipts
$2,281,024,754
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$484,068,746$454,285,771▼ $29,782,975
Investments in Publicly Traded Securities$440,145,800$406,246,218▼ $33,899,582
Investments Other Securities$44,222,661$46,482,565▲ $2,259,904
Cash and Non-Interest-Bearing Accounts$2,301,733$1,573,372▼ $728,361
Savings and Temporary Cash Investments$0$0→ $0
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
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$540,520,413$489,601,011▼ $50,919,402
Other Assets Total$53,850,219$35,298,856▼ $18,551,363
Liabilities
Other Liabilities$55,321,138$34,300,490▼ $21,020,648
Accounts Payable and Accrued Expenses$1,130,529$1,014,750▼ $115,779
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$56,451,667$35,315,240▼ $21,136,427
Net Assets / Fund Balance
Total Net Assets Fund Balance$484,068,746$454,285,771▼ $29,782,975
Total Liabilities and Net Assets / Fund Balance$540,520,413$489,601,011▼ $50,919,402

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$34,300,490--
Other Securities$10,595,331--
Compensation and Service Providers
Top Officer Pay3rd percentile

Board Members and Trustees

NameTitle
Carol KleinbergTrustee
Christopher EriksonTrustee
Christopher Erikson JrTrustee
Craig GilstonTrustee
John E MarchellTrustee
John ManninoTrustee
John VillafaneTrustee
Kristine DeNapoliTrustee
Lance Van ArsdaleTrustee
Luis RestrepoTrustee
Raymond MelvilleTrustee
Stephen GianottiTrustee
Steven LazzaroTrustee
William HofvingTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,281
Investment Income
$2,488,620
Other Revenue
$0
Change in Net Assets
$-33,411,104

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,500,901
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,628,129
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$6,129,030
Total Revenue per Form 990
$2,500,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,658,662
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---$34,253,343
Other Expenses---$1,182,766
Fees for Service Investment Mgmnt Fees---$475,896
Total Functional Expenses$0$0$0$35,912,005

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$35,912,005
Total Expenses per Audited Statements$35,912,005
Total Expenses per Form 990$35,912,005
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$34,300,490
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, 2018 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
2019-08-01

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 513 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/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt07327493
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08072632
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0745139
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt044222661
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt046482565
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0440145800
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0406246218
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02278523853
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/NetAssetsOrFundBalancesBOYAmt0484068746
IRS990/NetAssetsOrFundBalancesEOYAmt0454285771
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-5584012
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5584012
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03628129
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt053850219
IRS990/OtherAssetsTotalGrp/EOYAmt035298856
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE AND RECORDKEEPING EXPENSES
IRS990/OtherExpensesGrp/TotalAmt01182766
IRS990/OtherLiabilitiesGrp/BOYAmt055321138
IRS990/OtherLiabilitiesGrp/EOYAmt034300490
IRS990/OtherRevenueTotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DR GERALD FINKEL
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0230000
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYERS' CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012281
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012281
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt038028031
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08091789
IRS990/PYOtherExpensesAmt01988509
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-31924751
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt040016540
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08091789
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-33411104
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0484068746
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0454285771
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt035912005
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03628129
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09518
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1986111
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22737
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt334300490
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PREPAID EXPENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTERESTED RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3COLLATERAL FOR SECURITIES LOANED
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034300490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COLLATERAL PAYABLE
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt035887234
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt110595331
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/RevenueNotReportedAmt03628129
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02500901
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/TotalBookValueOtherAssetsAmt035298856
IRS990ScheduleD/TotalBookValueSecuritiesAmt046482565
IRS990ScheduleD/TotalExpensesPerForm990Amt035912005
IRS990ScheduleD/TotalLiabilityAmt034300490
IRS990ScheduleD/TotalRevenuePerForm990Amt02500901
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06129030
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt035912005
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, 2018 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd01
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Joint Industry Board of the Electrical Industry
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Electrical Industry Real Estate Fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0130891035
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1800580089
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Supervise and Administer Related Benefit Funds
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1To earn investment income for its related entities
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0158-11 Harry Van Arsdale Jr Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1158-11 Harry Van Arsdale Jr Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Flushing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Flushing

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$489,601,011
Liabilities
$35,315,240
Net assets
$454,285,771
Revenue
$2,500,901
Expenses
$35,912,005
Net income
-$33,411,104
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
2018Detailed filing. Detailed filing data is available for this year.$490$35.3$454$2.50$35.9$33.4
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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