Job Security Fund Of The Electrician Industry

Organization Overview

Job Security Fund Of The Electrician Industry is located in Flushing, NY. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Job Security Fund Of The Electrician Industry is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 12/2021, Job Security Fund Of The Electrician Industry generated $17.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $9.5m during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Christopher Erikson
Trustee
$0
Robert Amabile
Trustee
$0
John Mannino
Trustee
$0
Thomas Cleary
Trustee
$0
Kristine Denapoli
Trustee
$0
Joseph Santigate
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$15,766,163
Investment income $1,979,530
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,745,693

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