2024-11-04T11:00:12-07:00 2023-12-31 990 2023-01-01 364941184 JOB SECURITY FUND OF THE ELECTRICIAN INDUSTRY JOBS 7185912000 158-11 Harry Van Arsdale JR Avenue Flushing NY 11365 Humberto J Restrepo Chairman, JIB 7185912000 2024-11-04 1 2023 2024-10-15 13:58:12Z JOB SECURITY FUND OF THE ELECTRICIAN INDUSTRY 158-11 HARRY VAN ARSDALE JR AVENUE FLUSHING NY 11365 19438057 0 X WWW.JIBEI.ORG X 2019 NY The Job Security Fund's main principle activity is the supervision and administration of seeking employment for Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (Local 3) members. 7 0 0 7 0 0 0 0 23859731 14882056 -468684 4556001 0 0 23391047 19438057 0 0 3675882 274737 1425398 1240792 0 0 0 5414746 9804210 10516026 11319739 12875021 8118318 66050042 73469949 4051527 3479516 61998515 69990433 The Job Security Fund of the Electrical industry (the Fund) was established on May 2, 2019, pursuant to the Agreement and Working Rules (Collective Bargaining Agreement) between Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (Local 3) and the electrical contractors' associations and independent electrical contractors (the Participating Employers). Under the terms of the Collective Bargaining Agreements, The Joint Industry Board of the Electrical Industry (the Board) administers the Fund. The Board on behalf of the Fund collects employer contributions designated for the Benefit and Wage Plan, the Job Targeting Fund and the Employment Plan. The Participating Employers contribute different amounts (based on the Collective Bargaining Agreements) of their weekly standard gross wages. 0 0 The Job Security Fund of the Electrical industry (the Fund) was established on May 2, 2019, pursuant to the Agreement and Working Rules (Collective Bargaining Agreement) between Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (Local 3) and the electrical contractors' associations and independent electrical contractors (the Participating Employers). Under the terms of the Collective Bargaining Agreements, The Joint Industry Board of the Electrical Industry (the Board) administers the Fund. The Board on behalf of the Fund collects employer contributions designated for the Benefit and Wage Plan, the Job Targeting Fund and the Employment Plan. The Participating Employers contribute different amounts (based on the Collective Bargaining Agreements) of their weekly standard gross wages. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 X 7 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 Robert Amabile Trustee 1 1 X 0 0 0 Christopher Erikson Trustee 1 1 X 0 0 0 John Mannino Trustee 1 1 X 0 0 0 Kristine DeNapoli 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 Ben D'Alessandro Trustee 1 1 X 0 0 0 0 0 0 0 0 0 0 0 0 EMPLOYER CONTRIBUTIONS 230000 14882056 14882056 0 0 0 0 0 0 14882056 4556001 0 0 4556001 0 0 0 0 0 0 0 0 0 0 0 0 0 19438057 14882056 0 4556001 274737 920514 320278 ADMINISTRATIVE EXPENSES 881737 TARGET FUND EXPENSES 8922473 11319739 0 0 0 802278 405571 0 0 0 0 2213742 347061 0 0 0 0 0 0 0 0 0 0 62516516 72377780 0 0 0 517506 339537 66050042 73469949 139275 126913 3912252 3352603 4051527 3479516 X 0 0 0 0 61998515 69990433 61998515 69990433 66050042 73469949 8118318 0 0 0 -126400 0 X 0 1 X 1 0 0 BENEFIT AND WAGE PLAN LIABILITY 2834339 TARGET FUND COMMITMENTS 518264 3352603 X 19438057 0 0 0 0 0 19438057 0 0 0 19438057 11319739 0 0 0 0 0 11319739 0 0 0 11319739 Schedule D, Part X, Line 2 MANAGEMENT EVALUATED ALL OF THE BOARD'S TAX POSITIONS FOR ALL OPEN YEARS AND HAS CONCLUDED THAT THE ENTITY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. Form 990, Part VI, Section B, Line 11b THE JOB SECURITY FUND'S TRUSTEES APPROVE ALL FINANCIAL STATEMENT INFORMATION INCLUDED IN THE FORM 990. IN ADDITION, THE PLAN'S TRUSTEES APPROVE ALL SIGNIFICANT TRANSACTIONS THAT IMPACT THE FUND. Form 990, Part VI, Section C, Line 19 THE FUND MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO ALL ITS MEMBERS. THIS IS COMMUNICATED IN THE VARIOUS MANNERS. (INTERNAL AND EXTERNAL WEBSITES, ETC). JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY 158-11 Harry Van Arsdale Jr Avenue flushing NY 11365 130891035 Administration of related benefit plans NY 501(c)(5) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY l 0 IT IS POLICY OF THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY TO ALLOCATE CERTAIN ADMINISTRATIVE AND RECORD-KEEPING COSTS TO THE VARIOUS BENEFIT PLANS IT ADMINISTERS. SEE LETTER P FOR DETAIL. JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY o 0 THE FUND SHARES CERTAIN EMPLOYEES WITH RELATED ENTITIES-JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY. JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY m 0 THE TRANSACTION TYPE IS PART OF THE TOTAL ALLOCATED EXPENSE CHARGED TO THE PROGRAM BY THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY FOR THE 2023 CALENDER YEAR. SEE LETTER P FOR DETAILS. JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY p 2092966 THIS AMOUNT WAS ALLOCATED EXPENSES CHARGED TO THE PLAN BY THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY FOR THE 2023 CALENDER YEAR.