Vacation Expense Plan Of The Joint Board Of The Electrical Industry

Organization Overview

Vacation Expense Plan Of The Joint Board Of The Electrical Industry is located in Flushing, NY. The organization was established in 1985. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vacation Expense Plan Of The Joint Board Of The Electrical Industry is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Vacation Expense Plan Of The Joint Board Of The Electrical Industry generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. 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 PLAN HAS AS ITS PRINCIPAL ACTIVITY THE COLLECTION AND INVESTMENT OF FUNDS RECEIVED FROM ELECTRICAL CONTRACTORS FOR THE PURPOSE OF PROVIDING VACATION, HOLIDAY AND SUPPLEMENTARY BENEFITS TO MEMBERS OF LOCAL UNION NO. 3 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, AFL- CIO ("LOCAL 3").

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE VACATION, HOLIDAY AND SUPPLEMENTARY BENEFITS TO MEMBERS OF LOCAL UNION NO. 3


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Cleary
Trustee
$0
Stephen Gianotti
Trustee
$0
Lance Van Arsdale
Trustee
$0
Joseph Santigate
Trustee
$0
William Hofving
Trustee
$0
Joseph Proscia
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$214,746
Investment income $564,194
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $936,457
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,715,397

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