2021-07-30T10:57:06-05:00 2020-12-31 383382520 MCCLAIN SMITH & WENZ PC 6915 ROCHESTER ROAD STE 100 TROY MI 480851285 990 2020-01-01 386080379 ELECTRICAL INDUSTRY SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND OF THE ELEC 5865759200 PO BOX 71337 MADISON HEIGHTS MI 48071 E CRAIG YOUNG BENEFITS DIRECTOR 5865759200 2021-07-21 true CRAIG YOUNG 999009999 JAMES T WELCH P00454564 2488798400 2021-07-21 2020 2022-09-23 18:48:47Z E CRAIG YOUNG P O BOX 71337 MADISON HEIGHTS MI 48071 107274155 false X WWW.EWJBT.ORG X 1963 MI THE PURPOSE OF THE FUND IS TO PROVIDE SOME MEASURE OF INCOME SECURITY DURING PERIODS OF LAY-OFF TO ELECTRICIANS OF IBEW LOCAL 58. 6 6 0 0 0 666511 797469 2222893 3660280 0 2889404 4457749 0 4319979 7958798 77810 95867 0 0 490962 508821 4888751 8563486 -1999347 -4105737 66127342 60525265 90173 91828 66037169 60433437 THE PURPOSE OF THE FUND IS TO PROVIDE SOME MEASURE OF INCOME SECURITY DURING PERIODS OF LAY-OFF TO ELECTRICIANS OF IBEW LOCAL 58. false false 8563486 797469 THE PURPOSE OF THE FUND IS TO PROVIDE SOME MEASURE OF INCOME SECURITY DURING PERIODS OF LAY-OFF TO ELECTRICIANS OF IBEW LOCAL 58. THE FUND PAID OUT OVER 7.956 MILLION TO PARTICIPANTS WHO WERE OFF WORK DURING THE YEAR. 8563486 false false false false false false false false false false false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true X 1 0 true 0 false false false false false false false false X 6 6 true false false false false true false true true false false true true true true true true true true false X ADMINISTRATOR 5865759200 P O BOX 71337 MADISON HEIGHTS MI 48071 X X E CRAIG YOUNG BENEFITS DIR 1.00 40.00 X 0 270565 50937 MICHELE DAVIS ASS'T BENE. 1.00 40.00 X 0 116200 50937 ANDRE CROOK TRUSTEE/CHAI 1.00 0.00 X 0 0 0 JASON HEAD TRUSTEE 1.00 0.00 X 0 0 0 THOMAS MITTELBRUN III TRUSTEE/SECR 1.00 0.00 X 0 0 0 MICHAEL MEIER TRUSTEE-PAST 1.00 0.00 X 0 0 0 BRIAN RICHARD TRUSTEE 1.00 0.00 X 0 0 0 FELICIA WISEMAN TRUSTEE 1.00 0.00 X 0 0 0 PHILLIP YOUTSEY TRUSTEE 1.00 0.00 X 0 0 0 386765 101874 false true false WELLS FARGO ADVISORS 2401 W BIG BEAVER RD TROY MI 48084 BROKERAGE-INVES 108384 1 EMPLOYER CONTRIBUTIONS 230000 794642 794642 LATE PAYMENT ASSESSMENTS 900099 2827 2827 797469 1371488 1371488 105105198 102816406 2288792 2288792 2288792 4457749 3086261 1371488 7958798 55709 30109 10049 30400 19912 189817 133051 1581 10002 20631 9720 112 5302 PAYROLL TAXES ON BENEFITS 75804 BANK SERVICE CHARGES 12176 MISCELLANEOUS 313 8563486 0 0 0 6943111 10405476 24000 23000 59124050 49849236 36181 247553 66127342 60525265 90173 91828 90173 91828 X 66037169 60433437 66037169 60433437 66127342 60525265 -4105737 -1497995 X false true X true false 2959754 -1497995 -1497995 4457749 4457749 8564012 526 526 8563486 8563486 SCHEDULE D, PAGE 4, PART XII, LINE 2D BENEFITS PAYABLE-BEGINNING OF YEAR 19,709 BENEFITS PAYABLE-END OF YEAR -19,183 X X X false false false E CRAIG YOUNG BENEFITS DIRECTOR 270565 33177 17760 321502 MICHELE DAVIS ASS'T BENE. DIRECTOR 107500 8700 33177 17760 167137 FORM 990 THE ORGANIZATION'S NAME HAS BEEN THE SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND OF THE ELECTRICAL INDUSTRY FROM ITS BEGINNING IN 1963. SOMEHOW THE NAME WAS CHANGED IN THE 1980'S. IT IS REQUESTED THE NAME BE CHANGED TO THE "SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND OF THE ELECTRICAL INDUSTRY" IMMEDIATELY. FORM 990, PAGE 5, PART V, LINE 3B THE ENTITY DID NOT FILE A 990-T BECAUSE IT DID NOT HAVE ANY UNRELATED INCOME DURING THE YEAR. FORM 990, PART VI MINUTES OF ALL BOARD MEETINGS ARE MAINTAINED IN WRITTEN FORM. PART VI, LINE 2 THE RELATIONSHIP BETWEEN THE TRUSTEES OF THE FUND IS A "BUSINESS RELATIONSHIP". THE FUND IS ESTABLISHED AND MAINTAINED PURSUANT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED. THE FUND, AS A TAFT HARTLEY FUND, IS ADMINISTERED BY A BOARD OF TRUSTEES WHICH IS COMPOSED OF AN EQUAL NUMBER OF UNION AND EMPLOYER REPRESENTATIVES. BECAUSE OF THIS ORGANIZATIONAL REQUIREMENT, THERE IS A BUSINESS RELATIONSHIP BETWEEN THE TRUSTEES. IN ADDITION, E. CRAIG YOUNG IS IDENTIFIED AS A KEY EMPLOYEE OF THE ORGANIZATION. HE IS EMPLOYED BY A RELATED ORGANIZATION WHERE ONE OR MORE TRUSTEES OF THE ORGANIZATION SERVE AS TRUSTEES FORM 990, PAGE 6, PART VI, LINE 2 SEE SCHEDULE O FORM 990, PAGE 6, PART VI, LINE 7A THE UNION AND THE EMPLOYERS' ASSOCIATION APPOINT TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 11B THE SIGNATORIES ON BEHALF OF THE BOARD REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS ENFORCED IN ACCORDANCE WITH THE RULES OF ERISA OF 1974 GOVERNING PROHIBITED TRANSACTIONS. FORM 990, PAGE 6, PART VI, LINE 15A THE BENEFITS DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY BY INDEPENDENT BOARD MEMBERS. THE BOARD REVIEWS COMPARABLE DATA OF BASE AND VARIABLE COMPENSATION TO INDUSTRY STANDARDS. MEETING MINUTES ARE MAINTAINED IN WRITTEN FORM. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD APPROVES A BUDGET WHERE THE COMPENSATION OF ALL EMPLOYEES ARE LISTED. MEETING MINUTES ARE MAINTAINED IN WRITTEN FORM. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 7, PART VII E CRAIG YOUNG WORKED 40 HOURS A WEEK FOR A RELATED ORGANIZATION. SALARY AND FRINGES ARE FROM ACTUAL RECORDS. ELECTRICAL WORKERS PENSION TRUST ELECTRICAL WORKERS PENSION TRUST FD P O BOX 71137 MADISON HEIGHTS MI 48071 386080404 PENSION PL MI 501 NA false ELECTRICAL WORKERS INSURANCE FUND ELECTRICAL WORKERS INSURANCE FUND P O BOX 71137 MADISON HEIGHTS MI 48071 381393235 HEALTH INS MI 501C9 NA false IBEW LOCAL 58 ANNUITY FUND IBEW LOCAL 58 ANNUITY FUND P O BOX 71137 MADISON HEIGHTS MI 48071 382749515 P/S PLAN MI 501 NA false APPRENTICE & JOURNEYMAN TRAINING TR APPRENTICE AND JOURNEYMAN TRAIN TRU 2277 E ELEVEN MILE RD WARREN MI 48092 386107342 TRAINING F MI 501C3 NA false ELECTRICAL WORKERS JBT-VACATION FUN ELECTRICAL WORKERS JBT-VACATION FD P O BOX 71137 MADISON HEIGHTS MI 48071 381415532 VACATION F MI 501C9 NA false SE MI ELECTRICAL INDUSTRY LABOR MG S/E MI ELECTRICAL INDUSTRY LABOR MG P O BOX 71137 MADISON HEIGHTS MI 48071 383609875 LABOR/MGMT MI 501C5 NA false ELECTRICAL WORKERS SOUND & COMMUNIC COMMUNICATION PENSION FUND P O BOX 71137 MADISON HEIGHTS MI 48071 386233909 PENSION PL MI 501 NA false METRO DETROIT ELECTRICAL INDUSTRY TRAINING CENTER P O BOX 71137 MADISON HEIGHTS MI 48071 352657190 SCHOOL MI 501 APPRENTICE & JOURNEYMAN TRAINING TRUST FUND false false false false false false false false false false false true false true true true true false false false