2025-08-07T12:16:54-07:00 2024-09-30 990 2023-10-01 116035960 EDUCATIONAL AND CULTURAL TRUST FUND OF THE ELECTRICAL INDUSTRY EDUC 7185912000 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 Humberto Restrepo Chairman 7185912000 2025-08-07 1 2023 2025-03-06 01:10:19Z Humberto J Restrepo 158-11 Harry Van Arsdale Jr Avenue flushing NY 11365 100869554 0 X www.jibei.com X 1964 NY The Fund has as its principal activity the collection and investment of funds received from electrical contractors for the purposes of providing educational and cultural benefits to the members of Local Union No 3 of the International Brotherhood of Electrical Workers, AFL-CIO and the maintenance of the Electrical Industry Center. 18 0 80 18 0 0 0 0 22811257 22378598 40923 2454242 91932 95411 22944112 24928251 1375100 1676603 0 0 3763633 3931261 0 0 0 17686967 19557562 22825700 25165426 118412 -237175 80608199 85778137 14790807 15216270 65817392 70561867 The Fund has as its principal activity the collection and investment of funds received from electrcial contractors for the purposes of providing educational and cultural benefits to members of the Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO and maintenance of the Electrical Industry Center. 0 0 The Fund has as its principal activity the collection and investment of funds received from electrcial contractors for the purposes of providing educational and cultural benefits to members of the Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO and maintenance of the Electrical Industry Center. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 59 0 1 80 1 0 0 0 0 0 0 0 0 X 18 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 X Joint Industry Board of the Electrical Industry 7185912000 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 Humberto J Restrepo Chairman 40 35.00 X 0 281092 0 Michael Yee Director 40 0 X 0 197578 0 Erland Castillo Associate Director 1 1 X 0 0 0 Thomas Cleary Trustee 1 1 X 0 0 0 Joseph Santigate Trustee 1 1 X 0 0 0 Kristine DeNapoli Trustee 1 1 X 0 0 0 Robert Amabile Trustee 1 1 X 0 0 0 Andrea Addeo Trustee 1 1 X 0 0 0 Christopher Erikson Trustee 1 1 X 0 0 0 Thomas Capurso Trustee 1 1 X 0 0 0 Annette Diaz-Rivera Trustee 1 1 X 0 0 0 Derek Jordan Trustee 1 1 X 0 0 0 Jonathan Lifton Trustee 1 1 X 0 0 0 Christopher Erikson Jr Trustee 1 1 X 0 0 0 Gregg Sokoloff Trustee 1 1 X 0 0 0 John Villafane Trustee 1 1 X 0 0 0 Richard Duva Jr Trustee 1 1 X 0 0 0 Kory Kleinberg Trustee 1 1 X 0 0 0 Lance Van Arsdale Trustee 1 1 X 0 0 0 John Mannino Trustee 1 1 X 0 0 0 0 478670 0 2 0 1 0 0 0 EMPLOYER'S CONTRIBUTIONS 236000 18042832 18042832 0 0 4335766 4335766 0 0 22378598 2483506 0 0 2483506 0 0 0 0 0 0 0 0 0 0 75912039 0 75941303 0 -29264 0 -29264 -29264 0 0 INTEREST - TUITION LOAN 230000 95411 95411 0 0 0 0 0 0 95411 24928251 22444745 0 2483506 1676603 478670 1888581 1564010 6299958 358223 1127454 776506 OCCUPATIONAL TRAINING 1181219 ADMINIST6RATIVE EXPENSES 8063014 MISCELLANEOUS EXPENSE 1751188 25165426 0 0 0 1855540 2452669 72500 72500 0 1471454 1558661 0 0 0 0 4681407 4313725 30118331 7096560 16505552 23021771 51852120 49184057 4169626 5174754 80608199 85778137 702194 1259668 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14088613 13956602 14790807 15216270 X 0 0 0 0 65817392 70561867 65817392 70561867 80608199 85778137 X -237175 5458141 0 0 0 -476491 X X 0 1 X 1 0 202490 0 202490 0 0 0 0 23028036 0 3347003 19681033 1530762 0 1064745 466017 5357043 0 2684812 2672231 23021771 COLLATERAL FOR SECURITIES LOANED 368425 ACCRUED INTEREST RECEIVABLE 172548 DUE FROM BROKER FOR PENDING SECURITIES SOLD 337354 DUE FROM THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY 776422 RIGHT-OF-USE LEASE ASSET 1752483 OTHER ASSETS 1767522 5174754 LINE OF CREDIT 11367749 COLLATERAL PAYABLE 368425 DUE TO BROKER FOR PENDING SECURITIES PURCHASED 323275 LEASE LIABILITY 1897153 13956602 X 26050626 5458141 0 0 0 5458141 20592485 0 4335766 4335766 24928251 23702988 0 0 0 2873328 2873328 20829660 0 4335766 4335766 25165426 Schedule D, Part X, Line 2 MANAGEMENT EVAULUATED ALL OF THE PLAN'S TAX POSITIONS FOR ALL OPEN YEARS AND HAS CONCLUDED THAT THE PLAN HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 4b RENTAL INCOME FOR THE FISCAL 2023 YEAR. Schedule D, Part XII, Line 2d REPRESENTS DEPRECIATION/AMORTIZATION RECORDED IN THE FINANCIAL STATEMENTS FOR WHOLLY OWNED SUBSIDIARIES. Schedule D, Part XII, Line 4b RENTAL INCOME IS NETTED AGAINST CERTAIN FUND EXPENSES IN THE CONSOLIDATED E&C FINANCIAL STATEMENTS. THIS AMOUNT REPRESENTS RENTAL INCOME ADDED BACK LESS DEPRECIATION/AMORTIZATION EXPENSE FOR RELATED PARTIES (E&C HOLDINGS I, E&C HOLDING SOUTH AND E&C HOLDING NORTH). 1 SCHOLARSHIPS BASED ON THE FUND PROVISIONS 175 1251554 0 APPROVED BY TRUSTEES THE ADMINISTERS SCHOLARSHIP PROGRAM AWARDS FOR APPROVED ELIGIBLE RECEIPIENTS. THE RECEIPIENTS GO THROUGH A DETAILED PROCESS AND ARE SELECTED BY THE SCHOLARSHIP COMMITTEE. THE TOTAL AMOUNTS OF SCHOLARSHIPS PAID FOR THE 2022 FISCAL YEAR WAS $1,285,304. COLLEGE TUITION REIMBURSEMENT PROGRAM 99 393999 0 APPROVED BY TRUSTEES THE FUND ALSO PROVIDE FOR A COLLEGE TUITION TO ELIGIBLE PARTICIPANTS. THE TOTAL AMOUNTS PAID FOR COLLEGE TUITION REIMBURSEMENT FOR 2023 FISCAL YEAR WAS $391,299. Schedule I, Part I, Line 2 SEE PART III FOR DETAILS. 0 0 0 Humberto J Restrepo Chairman 0 279064 0 0 0 2028 0 0 0 0 0 281092 0 0 Michael Yee Director 0 195994 0 0 0 1584 0 0 0 0 0 197578 0 0 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, 2024 FINANCIAL STATEMENTS WERE APPOVED BY THE BOARD OF TRUTEES). 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 MEMBER. THIS IS COMMUNICATED IN VARIOUS MANNERS (SUMMARY ANNUAL REPORT, INTERNAL AND EXTERNAL WEBSITES, ETC. (THE PLAN'S FINANCIAL STATEMENTS ARE FILED WITH ITS FORM 5500. Form 990, Part XI, Line 9 THE REPRESENT AMOUNTS THAT WERE TRANSFERRED TO ITS WHOLY OWNED SUBSIDIARIES FOR THE PRIMARY PURPOSE OF ADDITIONAL FIXED ASSETS. TRANSFERS WERE MADE TO E&C HOLDINGS I, E&C HOLDINGS SOUTH AND E&C HOLDINGS NORTH. Form 990, Part XII, Line 2c THE FINANCE COMMITTEE EVAULUATED AND RECOMMENED THE INDEPENDENT ACCOUTANT TO THE E&C FUND TRUSTEES. Joint Industry Board of the Electrical Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 130891035 Supervision and administration of various entities NY 501(c)(5) N/A N/A 0 Electrical Industry Scholarship Fund Inc 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 061687979 Administration of scholarships for eligible Local 3 recipients NY 501(c)(3) PF N/A 0 E&C Property Holding Inc 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 392068169 Hold title to real estate utilizied by the E&C Fund NY 501(c)(2) N/A N/A 0 E&C Property Holding South 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 800400043 Hold title to real estate utilized by the E&C Fund NY 501(c)(2) N/A N/A 0 E&C Proprty Holding II Inc 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 271107280 Hold title for real estate utilized by the E&C Fund NY 501(c)(2) N/A N/A 0 E&C PROPERTY HOLDINGS NORTH INC 158-11 HARRY VAN ARSDALE JR AVENUE FLUSHING NY 11365 364940552 Hold title for real estate utilized by E&C. NY 501(c)(2) N/A N/A 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 1 0 Joint Industry Board of the Electrical Industry j 4335766 Joint Industry Board of the Electrical Industry l 0 THE FUND IS AFFILIATED WITH ALL RELATED ORGANIZATIONS LISTED IN THE SCHEDULE R. Joint Industry Board of the Electrical Industry m 0 THIS TRANSACTION TYPE IS PART OF THE TOTAL ALLOCATED EXPENSES CHARGED TO THE FUND BY THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY FOR THE 2023 FISCAL YEAR. Joint Industry Board of the Electrical Industry n 0 THIS TRANSACTION TYPE IS PART OF THE TOTAL ALLOCATED EXPENSES CHARGED TO THE FUND BY THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY FOR THE 2023 FISCAL YEAR. Electrical Industry Scholarship Fund Inc o 0 THE FUND SHARES CERTAIN EMPLOYEES WITH RELATED ENTITIES - SCHOLARSHIP FUND, E&C HOLDINGS I & II, E&C HOLDINGS NORTH AND E&C HOLDING SOUTH. Joint Industry Board of the Electrical Industry p 8063014 THIS AMOUNT WAS CHARGED TO THE FUND BY THE JOINT INDUISTRY BOARD OF THE ELECTRICAL INDUSTRY FOR THE FISCAL YEAR. E&C Property Holding Inc q 0 AS NOTED EARLIER, THE FUND OWNS 100% OF E&C HOLDINGS I & II, E&C PROPERTY HOLDINGS NORTH AND E&C PROPERTY HOLDING SOUTH. SEE LETTER R FOR DETAILS. E&C Property Holding South r -476491 AS NOTED EARLIER, THE FUND OWNS 100% OF E&C HOLDINGS I, E&C PROPERTY HOLDINGS NORTH AND E&C PROPERTY HOLDING SOUTH. SEE LETTER R FOR DETAILS.