2019-08-08T09:47:06-07:00 2018-09-30 990 2017-10-01 130891035 JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY JOIN 7185912000 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 Dr Gerald Finkel Chairman, Joint Industry Board 7185912000 2019-08-08 38.108.247.6 2017 2019-02-21 02:37:17Z DR GERALD FINKEL 158-11 HARRY VAN ARSDALE JR AVENUE FLUSHING NY 11366 154487306 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 0 310 30 68432 13800 0 0 12907346 2698262 360674 -231321 35638964 38644655 48906984 41111596 0 0 0 0 38982187 40291475 0 0 0 19585009 6961070 58567196 47252545 -9660212 -6140949 61441180 53770633 46626971 44703224 14814209 9067409 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 is a organization that employs all of the individuals working for JIB Medical, P.C. All employees of JIB Services are leased by JIB Medical. The Board is the sole member of JIB Services. 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 0 1 1 0 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 74 0 1 310 1 0 0 0 0 0 0 X 30 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X Joint Industry Board of the Electrical Industry 7185912000 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 Gina Addeo Trustee 1 1 X 0 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 John E Marchell Trustee 1 1 X 0 0 0 Vincent McElroen Trustee 1 1 X 0 0 0 Raymond Melville Trustee 1 1 X 0 0 0 Robert Olenick Trustee 1 1 X 0 0 0 Luis Restrepo 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 Eliott Hecht 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 Anthony Caulo 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 David Samuels Trustee 1 1 X 0 0 0 Kevin Harrand Trustee 1 1 X 0 0 0 Dr Gerald Finkel Chairman 30.00 10 X 289614 0 0 Vito Mundo Legal Counsel 30 10 X 328289 0 0 Mark Chanzis Director of Administration 40 0 X 282692 0 0 Dr Michael Makover Chief Medical Officer 20 20 X 319272 0 0 Jean L'Allier Director Electrical Employers Self Insurance Safety Plan 40 0 X 243459 0 0 Nicholas Papapietro Investment Director 40 0 X 228228 0 0 Steve Butman Director of Information Technology 40 0 X 242429 0 0 Robert Ball Investment Director 40 0 X 249132 0 0 Chris Sessa Legal Counsel 40 0 X 220307 0 0 2403422 0 0 82 0 1 0 0 0 EMPLOYERS' CONTRIBUTIONS 230000 2698262 2698262 0 0 0 0 0 0 2698262 280334 0 68432 211902 0 0 0 0 0 0 0 0 0 0 112864055 0 113375710 0 -511655 0 -511655 0 0 -511655 ADMINISTRATIVE AND RECORD-KEEPING 230000 34041510 34041510 0 0 NEBF SERVICE FEE 230000 45355 45355 0 0 OTHER INCOME 230000 4557790 4557790 0 0 0 0 0 0 38644655 41111596 41342917 68432 -299753 0 0 0 0 2403422 0 23886321 1410360 10602316 1989056 0 248072 938234 0 53880 0 495272 1267009 1574720 0 1545082 0 0 0 0 0 649176 189625 0 47252545 0 0 0 9243529 10847073 713100 0 338290 272168 0 0 0 0 0 4265288 1535700 1874072 2729588 46618751 39016901 1762994 1795347 61441180 53770633 10504233 6518495 0 0 0 25046612 29287494 0 0 0 11076126 8897235 46626971 44703224 X 14814209 9067409 0 0 0 0 14814209 9067409 61441180 53770633 X -6140949 195504 0 0 0 198645 X X 0 1 X 1 0 0 1 X 0 0 0 0 0 0 0 976552 0 234949 741603 2127926 0 918304 1209622 1160810 0 382447 778363 2729588 UNALLOCATED CONTRIBUTIONS AND OTHER 7817282 COMPENSATED ABSENCES PAYABLE 816453 DEFERRED COMPENSATION PAYABLE 263500 8897235 X Schedule D, Part IV, Line 2b THE BOARD HAS SEGREGATED CONTRIBUTIONS DESIGNATED FOR THE WAGE AND BENEFIT FUND. THE PARTICIPATING EMPLOYERS CONTRIBUTE DIFFERENT AMOUNTS (BASED ON THE AGREEMENTS) OF THEIR WEEKLY STANDARD GROSS WAGES TO THE WAGE AND BENEFIT FUND. THE WAGE AND BENEFIT FUND AMOUNTS ARE HELD BY THE BOARD TO PAY UNCOLLECTIBLE EMPLOYER AND EMPLOYEE CONTRIBUTION RECEIVABLES ONCE APPROVED FOR RELEASE. ACCORDINGLY, THE DESIGNATED ASSETS AND RESPECTIVE LIABILITY ARE DISCLOSED UNDER "WAGE AND BENEFIT FUND ACCOUNT" ON THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. 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. 0 1 0 Dr Gerald Finkel Chairman 289614 0 0 0 0 0 0 0 0 0 289614 0 0 0 Vito Mundo Legal Counsel 328289 0 0 0 0 0 0 0 0 0 328289 0 0 0 Mark Chanzis Director of Administration 282692 0 0 0 0 0 0 0 0 0 282692 0 0 0 Dr Michael Makover Chief Medical Officer 319272 0 0 0 0 0 0 0 0 0 319272 0 0 0 Jean L'Allier Director Electrical Employers Self Insurance Safety Plan 243459 0 0 0 0 0 0 0 0 0 243459 0 0 0 Nicholas Papapietro Investment Director 228228 0 0 0 0 0 0 0 0 0 228228 0 0 0 Steve Butman Director of Information Technology 242429 0 0 0 0 0 0 0 0 0 242429 0 0 0 Robert Ball Investment Director 249132 0 0 0 0 0 0 0 0 0 249132 0 0 0 Chris Sessa Legal Counsel 220307 0 0 0 0 0 0 0 0 0 220307 0 0 0 Schedule J, Part I, Line 4 Subsequent to Sept 30, 2008, the Board enacted a Top Hat Supplemental Executive Retirement Plan for two key executives to provide future retirement and death benefits. The SERP was terminated during the plan year ended Sept 30, 2011. The Board agreed to replace this Plan by making contributions for these two key 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 Employees' 401K Plan, are intended to provide an equivalent to those previously offered under the SERP. Under the new funding arrangement, the deferred compensation payable amount at Sept 30 ,2018 was $263,500. 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, 2018 FINANCIAL STATEMENTS WERE APPROVED BY THE BOARD OF TRUSTEES). IN ADDITION, THE PLAN'S TRUSTEES APPROVE ALL 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 REPRESENTS 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 all of the individuals working for JIB Medical, P.C NY 2034 57493 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 additiona lsecurity 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 workmans 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 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 1 Pension Hospitalization and Benefits Plan of the Electrical Industry m 0 SEE LETTER L FOR DETAIL Pension Hospitalization and Benefits Plan of the Electrical Industry l 34041510 IT IS THE 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 PLAN ADMINISTERED 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 $34,041,510 REPRESENTS THE AMOUNTS RECEIVED AND EARNED BY THE BOARD FOR THE PERIOD OF OCTOBER 1, 2017 TO SEPTEMBER 30, 2018. Educational and Cultural Trust Fund of the Electrical Industry k 1545082 THE PREMISES OCCUPIED BY THE BOARD ARE LEASED FROM THE E&C FUND. TOTAL RENT EXPENSE RECORDED IN THE BOARD'S 2017 FISCAL YEAR'S FINANCIAL STATEMENTS WAS $1,545,082 Pension Hospitalization and Benefits Plan of the Electrical Industry s 0 SEE LETTER L FOR DETAIL Pension Hospitalization and Benefits Plan of the Electrical Industry q 0 SEE LETTER L FOR DETAIL Pension Hospitalization and Benefits Plan of the Electrical Industry o 0 SEE LETTER L FOR DETAIL Pension Hospitalization and Benefits Plan of the Electrical Industry p 0 SEE LETTER L FOR DETAIL Pension Hospitalization and Benefits Plan of the Electrical Industry n 0 SEE LETTER L FOR DETAIL