2026-08-12T08:40:15-07:00 2025-09-30 990 2024-10-01 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 2026-08-12 1 2024 2025-03-06 01:10:19Z Humberto J Restrepo 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 73885795 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 76 18 0 0 0 0 22378598 23711010 2454242 1864677 95411 101492 24928251 25677179 1676603 1538890 0 0 3931261 4494136 0 0 0 19557562 21250421 25165426 27283447 -237175 -1606268 85778137 85247633 15216270 14642776 70561867 70604857 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 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 electrical 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 88 0 1 76 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 X 0 364269 0 Michael Yee Director 40 0 X 0 211353 0 Ron Scimone 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 Robert Saville Trustee 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 Erland Castillo Associate Director 1 1 X 0 0 0 0 575622 0 2 0 1 0 0 0 EMPLOYER'S CONTRIBUTIONS 236000 18901906 18901906 0 0 4809104 4809104 0 0 23711010 1807524 1807524 0 0 0 0 0 0 0 0 0 0 0 0 48265769 0 48208616 0 57153 0 57153 57153 0 0 INTEREST - TUITION LOAN 230000 101492 101492 0 0 0 0 0 0 101492 25677179 25677179 0 0 1538890 575622 2133165 1785349 6855173 345641 1133932 920249 OCCUPATIONAL TRAINING 1965947 ADMINISTRATIVE EXPENSES 8223657 MISCELLANEOUS EXPENSE 1805822 27283447 0 0 0 2452669 2249811 72500 72500 1558661 1468887 0 0 4313725 4012773 31947482 7661526 23021771 24285956 49184057 47831037 5174754 5326669 85778137 85247633 1259668 1115812 0 0 0 0 0 0 0 13956602 13526964 15216270 14642776 X 0 0 0 0 70561867 70604857 70561867 70604857 85778137 85247633 X -1606268 2567574 0 0 0 -918316 X X 0 1 X 1 0 202490 0 202490 0 0 0 0 25006698 0 4116777 20889921 1306103 0 782759 523344 5432191 0 2761990 2670201 24285956 COLLATERAL FOR SECURITIES LOANED 288460 ACCRUED INTEREST RECEIVABLE 169655 DUE FROM THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY 1357611 RIGHT-OF-USE LEASE ASSET 1688830 OTHER ASSETS 1822113 5326669 0 LINE OF CREDIT 10986198 COLLATERAL PAYABLE 288460 DUE TO BROKER FOR PENDING SECURITIES PURCHASED 377507 LEASE LIABILITY 1874799 13526964 X 23435649 2567574 0 0 0 2567574 20868075 0 4809104 4809104 25677179 25282289 0 0 0 2807946 2807946 22474343 0 4809104 4809104 27283447 Schedule D, Part X, Line 2 MANAGEMENT EVALUATED 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 2d REPRESENTS DEPRECIATION/AMORTIZATION RECORDED IN THE FINANCIAL STATEMENTS FOR WHOLLY OWNED SUBSIDIARIES. Schedule D, Part XI, Line 4b RENTAL INCOME FOR THE FISCAL 2024 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 DEPRECATION AND 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 187 1167857 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 AMOUNT OF SCHOLARSHIPS PAD FOR THE 2024 FISCAL YEAR WAS $1,167,857 COLLEGE TUITION REIMBURSEMENT PROGRAM 91 371033 0 APPROVED BY TRUSTEES THE FUND ALSO PROVIDE FOR A COLLEGE TUITION TO ELIGIBLE PARTICIPANTS. THE TOTAL AMOUNTS PAID FOR COLLEGE TUITION REIMBURSEMENT FOR 2024 FISCAL YEAR WAS $371,033. Schedule I, Part I, Line 2 SEE PART III FOR DETAILS 0 0 0 Humberto J Restrepo Chairman 0 364269 0 0 0 0 0 0 0 0 0 364269 0 0 Michael Yee Director 0 211353 0 0 0 0 0 0 0 0 0 211353 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, 2025 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 REPORT, INTERNAL AND EXTERNAL WEBISTES, ETC. THE PLAN'S FINANCIAL STATEMENT ARE FILED WITH ITS FORM 5500. Form 990, Part XI, Line 9 THIS REPRESENTS THE AMOUNTS THAT WERE TRANSFERRED TO ITS WHOLLY OWNED SUBSIDIARIES FOR THE PRIMARY PURPOSE OF ADDTIONAL 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 RECOMMENDED THE INDEPENDENT ACCOUNTANT 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 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 4809104 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 2024 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 2024 FISCAL YEAR. Electrical Industry Scholarship Fund Inc o 0 THE FUND SHARES CERTAIN EMPLOYEES WITH RELATED ENTITIES - SCHOLARSHIP FUND, E&C HOLDING I, E&C PROPERTY HOLDING NORTH AND E&C HOLDING SOUTH. Joint Industry Board of the Electrical Industry p 8233657 THE AMOUNT WAS CHARGED TO THE FUND BY THE JOINT INDUSTRY 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, E&C PROPERTY HOLDINGS NORTH AND E&C PROPERTY HOLDING SOUTH. SEE LETTER R FOR DETAILS. E&C Property Holding South r -918316 AS NOTED EARLIER, THE FUND OWNS 100% OF E&C HOLDINGS I, E&C PROPERTY HOLDINGS NORTH AND E&C PROPERTY HOLDING SOUTH.