2024-08-07T13:06:11-07:00 2023-09-30 990 2022-10-01 130891035 JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY JOIN 7185912000 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 Humberto Restrepo Chairman 7185912000 2024-08-07 1 2022 2024-08-08 14:25:15Z Humberto Restrepo 158-11 Harry Van Arsdale Jr Ave Flushing NY 11365 56526647 0 X WWW.JIBEI.ORG X 1943 NY To supervise and administer various benefit plans under collective bargaining agreements and the related agreements and working rules. 30 0 312 18 0 0 0 0 2089608 1939698 327880 1113352 50227640 53473597 52645128 56526647 0 0 0 0 43638274 45914158 0 0 0 8472502 10630787 52110776 56544945 534352 -18298 35444653 58795852 14900902 40831587 20543751 17964265 X To supervise and administer various benefit plans under the terms of the collective bargaining agreements and the related agreements and working rules. The Board also owns 100 percent of its subsidiaries, JIB Realty Corporation, JIB Services and JIB Catering Inc. JIB Realty owns and operates a shopping center facility in Queens, NY. JIB Catering was established to provide support for various approved events. JIB SERVICES HAS EFFECTUATED ITS CURRET TRANSITION FROM A PROFESSIONAL EMPLOYER ORGANIZATION TO A MANAGEMENT SERVICES ORGANIZATION (MSO) AND PROVIDES ALL NON-CLINICAL ADMINISTRATIVE AND MANAGEMENT SUPPORT SERVICES FOR, AND ON BEHALF OF, JIB MEDICAL. 0 0 To supervise and administer various benefit plans under the terms of the collective bargaining agreements and the related agreements and working rules. 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 41 0 1 312 1 0 0 0 0 0 0 0 0 X 30 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 X Joint Industry Board of the Electrical Industry 7185912000 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 Dr Michael Makover Chief Medical Officer 40 40 X 372353 0 0 Robert Ball Investment Director 40 35 X X 318127 0 0 Chris Sessa Legal Counsel 40 35.00 X 289632 0 0 Scott Feldman Director of Administration 40 35 X 289360 0 0 Rise Jacobs Director of IT 40 35 X 285293 0 0 Nicholas Papapietro Investment Director 40 35 X 281724 0 0 Jean L'Allier Director Electrical Employers Self Insurance Safety Plan 40 40 X 279039 0 0 Danny Yee IT Assistant Director 40 40 X 241199 0 0 Humberto J Restrepo Chairman 40 35 X 195403 0 0 Stephen Gianotti Trustee 1 1 X 0 0 0 Benjamin Arana Trustee 1 1 X 0 0 0 Robert Amabile Trustee 1 1 X 0 0 0 Steven Lazzaro Trustee 1 1 X 0 0 0 Hal Sokoloff Trustee 1 1 X 0 0 0 William Hofving Trustee 1 1 X 0 0 0 Joseph Proscia Trustee 1 1 X 0 0 0 Robert Olenick Trustee 1 1 X 0 0 0 Thomas Capurso Trustee 1 1 X 0 0 0 Anthony Falleo Trustee 1 1 X 0 0 0 Jospeh Santigate Trustee 1 1 X 0 0 0 Lance Van Arsdale Trustee 1 1 X 0 0 0 Ricardo Rollins Trustee 1 1 X 0 0 0 Sandra Milad-Gibson Trustee 1 1 X 0 0 0 Carol Kleinberg Trustee 1 1 X 0 0 0 James Bua Trustee 1 1 X 0 0 0 Ciro Lupo 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 David Wardell Trustee 1 1 X 0 0 0 Christopher Erikson Jr Trustee 1 1 X 0 0 0 Ben D'Alessandro Trustee 1 1 X 0 0 0 Kristine DeNapoli Trustee 1 1 X 0 0 0 Kevin Harrand Trustee 1 1 X 0 0 0 Thomas Cleary Trustee 1 1 X 0 0 0 Craig Gilston Trustee 1 1 X 0 0 0 Frank Aragona Trustee 1 1 X 0 0 0 Anthony Mann Trustee 1 1 X 0 0 0 2552130 0 0 115 0 1 0 0 0 1939698 1939698 0 0 1939698 986239 986239 0 0 0 0 0 0 0 0 0 0 0 0 127113 0 0 0 127113 0 127113 0 0 127113 ADMINISTRATIVE & RECORD KEEPING FEES 230000 53423915 53423915 0 0 NEBF SERVICE FEES AND OTHER INCOME 230000 49682 49682 0 0 0 0 0 0 53473597 56526647 56399534 0 127113 2552130 28394877 12548079 2419072 181805 1459407 42145 418151 2765624 2978340 2057789 509631 217895 56544945 0 0 0 12352592 12291804 0 0 191305 181480 3368447 2011727 1494704 1356720 15185867 13801245 6220185 31164603 35444653 58795852 1693882 1389917 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13207020 39441670 14900902 40831587 X 20543751 17964265 0 0 20543751 17964265 35444653 58795852 X -18298 99677 0 0 0 -2660865 X X 0 1 X 1 0 0 0 0 0 0 0 0 0 0 974659 0 590412 384247 1573503 0 1033710 539793 820285 0 387605 432680 1356720 DUE FROM AFFILIATES 1151427 ACCRUED INTEREST RECEIVABLE 64828 NET PENSION ASSETS 5647285 OTHER ASSETS 41106 RIGHT-OF-USE LEASE ASSET 24259957 31164603 UNALLOCATED CONTRIBUTIIONS 12544366 DUE TO AFFILIATES 748888 COMPENSATED ABSENCES PAYABLE 836747 DEFERRED COMPENSATION PAYABLES 380883 LEASE LIABILITY 24930786 39441670 X 65474220 99677 0 0 0 99677 65374543 0 -8847896 -8847896 56526647 64804474 0 0 0 0 0 64804474 0 -8259529 -8259529 56544945 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. Schedule D, Part XI, Line 4b THIS AMOUNT REPRESENTS THE ENTITIES THAT ARE CONSOILIDATED WITH JIB (JIB REALTY, JIB CATERING, JIB SERVICES). Schedule D, Part XII, Line 4b THIS AMOUNT REPRESENTS THE ENTITIES THAT ARE CONSOILIDATED WITH JIB (JIB REALTY, JIB CATERING, JIB SERVICES). 0 1 0 Humberto J Restrepo Chairman 195403 0 0 0 0 0 0 0 0 0 195403 0 0 Chris Sessa Legal Counsel 289632 0 0 0 0 0 0 0 0 0 289632 0 0 Dr Michael Makover Chief Medical Officer 372353 0 0 0 0 0 0 0 0 0 372353 0 0 0 Jean L'Allier Director Electrical Employers Self Insurance Safety Plan 279039 0 0 0 0 0 0 0 0 0 279039 0 0 Nicholas Papapietro Investment Director 281724 0 0 0 0 0 0 0 0 0 281724 0 0 0 Robert Ball Investment Director 318127 0 0 0 0 0 0 0 0 0 318127 0 0 0 Scott Feldman Director of Administration 289360 0 0 0 0 0 0 0 0 0 289360 0 0 0 Rise Jacobs Director of IT 285293 0 0 0 0 0 0 0 0 0 285293 0 0 0 Danny Yee IT Assistant Director 241199 0 0 0 0 0 0 0 0 0 241199 0 0 0 Schedule J, Part I, Line 4 SUBSEQUENT TO SEPTEMBER 30, 2008, THE BOARD ENACTED A TOP HAT SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR TWO KEY EXECUTIVE TO PROVIDE FUTURE AND DEATH BENEFITS. THE SERP WAS TERMINATED DURING THE PLAN YEAR ENDED SEPTEMBER 30, 2011. THE AGREED TO REPLACE THIS PLAN BY MAKING CONTRIBUTIONS FOR THESE TWO EXECUTIVES AS ALLOWED BY SECTION 457 (B) OF THE IRC UNDER THE JIB ELIGIBLE DEFERRED COMPENSATION PLAN. THESE CONTRIBUTIONS, ALONG WITH ADDITIONAL DISCRETIONARY CONTRIBUTIONS MADE TO THE JIB EMPLOYEE'S 401K PLAN, ARE INTENDED TO PROVIDE AN EQUIVALENT TO THOSE PREVIOUSLY OFFERED UNDER SERP. UNDER THE NEW FUNDING AGREEMENT, THE DEFERRED COMPENSATION PAYABLE AMOUNT AT SEPTEMBER 30, 2023 $380,883 Form 990, Part III, Line 1 SUPPORT FOR THE VARIOUS APPROVED EVENTS. JIB SERVICES IS AN ORGANIZATION THAT EMPLOYS CERTAIN INDIVIDUALS WORKING FOR JIB MEDICAL, P.C. THE BOARD IS THE MEMBER OF THE JIB SERVICES. Form 990, Part VI, Section B, Line 11b THE BOARD'S TRUSTEES APPROVE ALL FINANCIAL STATEMENT INFORMATION INCLUDED IN THE FORM 990. (THE PLAN'S AUDITED SEPTEMBER 30, 2023 FINANCIAL STATEMENTS WERE APPROVED BY THE BOARD OF TRUSTEES). IN ADDITION, THE PLAN'S TRUSTEES APPROVE ALL THE SIGNIFICANT TRANSACTIONS THAT IMPACT THE BOARD. Form 990, Part VI, Section B, Line 12c JIB MANAGEMENT DISCUSSES WITH THE BOARD ITS FIDUCIARY RESPONSIBILITIES INCLUDING FOLLOWING THE BOARD'S POLICIES. 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 (INTERNAL AND EXTERNAL WEBSITES, ETC.) Form 990, Part XI, Line 9 THE BOARD'S FINANCIAL STATEMENTS ARE PREPARED ON A CONSOLIDATED BASIS. THIS AMOUNT REPRESENT THE OVERALL ACTIVITIES FOR JIB REALTY, JIB SERVICES, AND JIB CATERING. THESE ENTITIES ARE 100% WHOLLY OWNED BY THE BOARD. Form 990, Part XII, Line 2c THE FINANCE COMMITTEE EVALUATED AND RECOMMENDED OUR INDEPENDENT ACCOUNTANTS TO THE BOARD. JIB Services LLC 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 464861345 It is organization that employs individuals working for JIB Medical, P.C NY 0 0 N/A Dental Benefit Fund of the Electrical Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 112585905 To provide dental benefits to eligible members NY 501(c)(9) N/A 0 The Electrical Industry Group Life Fund 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 131884504 ProvIde group term life insurance coverage for eligible members. NY 501(c)(9) N/A 0 Educational and Cultural Trust Fund of the Electrical Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 116035960 Provide educational and cultural benefits to members of the electrical industry NY 501(c)(5) N/A 1 E and C Property Holdings 1 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 392068169 To hold title to real estate used by the Educational and Cultural Trust Fund NY 501(c)(2) N/A 0 E and C Property Holdings 2 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 271107280 To hold title to real estate used by the Educational and Cultural Trust Fund NY 501(c)(2) N/A 0 E and C Property Holdings South 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 800400043 To hold title to real estate used by the Educational and Cultural Trust Fund NY 501(c)(2) N/A 0 Additional Security Benefits Plan 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 112212659 Provide additional security benefits to members NY 501(c)(9) N/A 0 Pension Hospitalization and Benefits Plan of the Electrical Industry 158 11 Harry Van Arsdale Jr Avenue Flushing NY 11365 130891045 Provide medical and other benefits to members of the electrical industry NY 501(c)(9) N/A 0 Dental Benefit Plan of the Elevator Industry 158-11 Harry Vam Arsdale Jr Avenue Flushing NY 11365 115219005 Provide dental benefits to eligible members NY 501(c)(9) N/A 0 Legal Services Plan of the Electrcial Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 112871178 To provide legal services benefits to eligible members NY 501(c)(9) N/A 0 Clothing and Tools Plan of the Electrical Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 113105790 Provide clothing and tools reimbursement to eligible members NY 501(c)(5) N/A 0 The Electrical Industry Scholarship Fund Inc 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 061687979 Provide scholarships to eligible individuals NY 501(c)(3) N/A 0 Real Estate Fund 158-11 Harry Van arsdale Jr Avenue Flushing NY 11365 800580089 Provide benefits to eligible members NY 501(c)(5) N/A 0 Electrical Employers Self Insurance Safety Plan 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 510151311 Provide workers' compensation and disability benefits to eligible members NY 501(c)(9) N/A 0 Vacation Holiday Unemployement Plan of the Electrical Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 131853892 Provide benefits to eligible members NY 501(c)(9) N/A 0 Health Reimbursement Account of the Electrical Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 562489386 Proivde additional benefits to eligible members NY 501(c)(9) N/A 0 Employees Security Fund of the Electrical Products Industries 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 136100908 Provide medical and other benefits to eligible members. NY 501(c)(9) N/A 0 Electrical Industry Apprentice Training Program 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 611735214 To provide apprentice trianing for eligible members NY 501(c)(5) N/A N/A 0 Annuity Plan of the Electrical Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 136123600 To provide annuity benefits to eligible union members NY 401(a) N/A N/A 0 Pension Hospitalization and Benefit Plan of the Electrical Industry Pension Trust 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 136123601 To provide pension benefits to eligible union members NY 401(a) N/A N/A 0 Harry Van Arsdale Jr Memorial Association Inc 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 112803482 Educate and promote educational activities for Harry Van Arsdale NY 501(c)(3) PC N/A 0 Employees Securities Fund of the Electrical Products Industries Pension Plan 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 136100907 To provide pension benefits to eligible union members NY 401(a) N/A N/A 0 Deferred Salary Plan of the Electrical Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 112656063 To provide 401k and other benefits to eligible union members NY 401(a) N/A N/A 0 Job Security Fund of the Electrical Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 364941184 To provide job security to eligible members. NY 501(c)(5) N/A 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 1 Pension Hospitalization and Benefit Plan of the Electrical Industry Pension Trust m 0 SEE LETTER L FOR DETAILS Pension Hospitalization and Benefits Plan of the Electrical Industry l 53423915 IT IS POLICY OF THE BOARD TO ALLOCATE CERTAIN ADMINISTRATIVE AND RECORD-KEEPING COSTS TO THE VARIOUS BENEFIT PLANS IT ADMINISTERS. IN ADDITION TO THE COST OF PAYROLL AND RELATED BENEFITS DIRECTLY ATTRIBUTABLE TO EACH PLAN. IN COMPUTING THE ALLOCATED COSTS, VARIOUS FACTORS WERE CONSIDERED INCLUDING THE VOLUME OF TRANSACTIONS RELATING TO EACH PLAN IN RELATION TO THE OTHER PLANS ADMINISTRERED BY THE BOARD, THE TOTAL ASSETS OF THE PLANS AND TRANSACTIONS WITH AFFILIATES. ADMINISTRATIVE RECORD-KEEPING COSTS ARE BILLED TO THE AFFILIATED ENTITIES ON A MONTHLY BASIS. THE $53,423,915 REPRESENTS THE AMOUNTS RECEIVED AND EARNED BY THE BOARD FOR THE PERIOD OCTOBER 1, 2022 TO SEPTEMBER 30, 2023. Educational and Cultural Trust Fund of the Electrical Industry k 1252765 THE PREMISES OCCUPIED BY THE BOARD ARE LEASED FROM THE E&C FUND. TOTAL RENT EXPENSE RECORDED IN THE BOARD'S 2022 FISCAL YEAR'S FINANCIAL STATEMENTS WAS $1,252,765. Pension Hospitalization and Benefits Plan of the Electrical Industry s 0 SEE LETTER L FOR DETAILS Pension Hospitalization and Benefits Plan of the Electrical Industry q 0 SEE LETTER L FOR DETAILS. Pension Hospitalization and Benefits Plan of the Electrical Industry o 0 SEE LETTER L FOR DETAILS. Pension Hospitalization and Benefits Plan of the Electrical Industry p 0 SEE LETTER L FOR DETAILS. Pension Hospitalization and Benefits Plan of the Electrical Industry n 0 SEE LETTER L FOR DETAILS.