2014-08-04T14:00:50-07:00 2013-09-30 990 2012-10-01 130891035 JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY JOIN 7185912000 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 Dr Gerald Finkel 7185912000 2014-08-04 2012 2015-11-30 17:44:51Z Dr Gerald Finkel 158 11 Harry Van Arsdale Jr Avenue Flushing NY 11365 207145653 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 0 273 30 0 0 0 0 12488401 12917099 673589 685139 32325040 30924525 45487030 44526763 0 0 4208707 4605641 27880329 28612050 0 0 0 6842515 23605155 38931551 56822846 6555479 -12296083 80416359 85816554 29499282 47695252 50917077 38121302 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 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. 0 1 4605641 0 10680868 The Apprentice training program was established to provide training for participants of the inside electricians appreticeship program. THe program also covers admnistrative and other expenses associated with this program. 0 0 0 4605641 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 0 1 1 1 0 1 155 0 1 273 1 0 0 0 0 0 0 X 30 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 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 1 1.00 X 0 0 0 Hal Sokoloff 1 1.00 X 0 0 0 Barry Katzen 1 0 X 0 0 0 Thomas Carlucci 1 0 X 0 0 0 Menachem Gal 1 0 X 0 0 0 Stephen Gianotti 1 0 X 0 0 0 Rudy Weissberg 1 0 X 0 0 0 Richard Kleinknecht 1 0 X 0 0 0 Steven Lazzaro 1 1.00 X 0 0 0 Ciro Lupo 1 1.00 X 0 0 0 Carol Kleinberg 1 1.00 X 0 0 0 David Pinter 1 0 X 0 0 0 John Pinto 1 0 X 0 0 0 David I Samuels 1 0 X 0 0 0 Gary Segal 1 0 X 0 0 0 Benjamin Arana 1 0 X 0 0 0 Christopher Erikson 1 1.00 X 0 0 0 Ronald Bryan 1 0 X 0 0 0 William Hofving 1 0 X 0 0 0 John E Marchell 1 1 X 0 0 0 Vincent McElroen 1 1.00 X 0 0 0 Raymond Melville 1 1.00 X 0 0 0 Robert Olenick 1 0 X 0 0 0 Luis Restrepo 1 0 X 0 0 0 Paul Ryan 1 0 X 0 0 0 Jospeh Santigate 1 0 X 0 0 0 Michael Whalen 1 0 X 0 0 0 Lance Van Arsdale 1 1.00 X 0 0 0 Elliot Hecht 1 0 X 0 0 0 Louis Sciara 1 0 X 0 0 0 James Bua 1 0 X 0 0 0 Riccardo Rollins 1 0 X 0 0 0 Dr Gerald Finkel 40 0 X 255931 0 0 Vito Mundo 40 0 X 286616 0 0 Mark Chanzis 40 0 X 246538 0 0 Jean L'Allier 40 0 X 207620 0 0 Nicholas Papapietro 40 0 X 200058 0 0 Steve Butman 40 0 X 195358 0 0 Robert Ball 40 0 X 206783 0 0 Chris Sessa 40 0 X 184151 0 0 1783055 0 0 42 0 1 0 0 0 Employer's contributions 230000 12917099 12917099 0 0 0 0 0 0 12917099 913659 913659 0 0 0 0 0 0 0 0 0 0 0 0 162390370 0 162618890 0 -228520 0 -228520 -228520 0 0 Administrative and record-keeping fees 230000 30173911 30173911 0 0 NEBF service fee 230000 52871 52871 0 0 Other income 230000 697743 697743 0 0 0 0 0 0 30924525 44526763 44526763 0 0 4605641 789085 20759515 5551149 1512301 297289 662374 79897 1004944 1293275 1400000 290468 389171 391192 Pension and deferred compensation costs 1205817 Misc and other expenses 570005 Transfer to apprentice training program trust 16020723 56822846 0 0 0 14011871 12104926 1312795 1039334 2782950 1732433 1087371 1050517 59204341 67406799 4799981 4214978 80416359 85816554 578195 768675 17832163 18650668 11088924 28275909 29499282 47695252 X 50917077 38121302 0 0 0 0 50917077 38121302 80416359 85816554 X -12296083 -732685 0 0 0 232993 X 0 1 X 1 0 0 1 X 0 0 0 0 0 0 0 1349648 0 1027587 322061 977129 0 544725 432404 456173 0 160121 296052 1050517 Accrued interest receivable 219950 Other assets 736389 Due from affiliates 2811553 Due from broker for pending securities sold 447086 4214978 0 Unallocated contributions and other 5598784 Compensated absences payable 1172169 Deferred compensation payable 150000 Due to affiliates 2578448 Due to broker for pending securities purchased 2755785 Apprentice training program payable 16020723 28275909 X 45417385 -732685 0 0 0 -732685 46150070 0 -1623307 -1623307 44526763 57813020 0 0 0 0 0 57813020 0 -990174 -990174 56822846 SchD_P04_S00_L02b 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 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 by release. Accordingly the designated assets and its respective liability are disclosed under "wage and benefit fund account" on the accompanying consolidated financial statements. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Management evaluated all of the Board's tax positions for all open tax years and has concluded that the Board has taken no uncertain tax positions that require adjustment to the financial statements. Generally, the Board is no longer subject to the income tax examinations by U.S. federal, state, or local tax authorities for years before 2010, which is the standard statute of limitations look back period. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b The -1,623,307 represents revenue recorded for the Board's wholly owned subsidiary- JIB Realty Corporation. We deducted these amounts since the Board's financial statements are reported on a consolidated basis. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b This amount represents JIB Realty's 2013 fiscal year's activities which are recorded within the Board's consolidated 2013 financial statements. 0 1 0 Vito Mundo 286616 0 0 0 0 0 0 0 0 0 286616 0 0 0 Dr Gerald Finkel 255931 0 0 0 0 0 0 0 0 0 255931 0 0 0 Mark Chanzis 246538 0 0 0 0 0 0 0 0 0 246538 0 0 0 Jean L'Allier 207620 0 0 0 0 0 0 0 0 0 207620 0 0 0 Nicholas Papapietro 200058 0 0 0 0 0 0 0 0 0 200058 0 0 0 Steve Butman 195358 0 0 0 0 0 0 0 0 0 195358 0 0 0 Robert Ball 206783 0 0 0 0 0 0 0 0 0 206783 0 0 Chris Sessa 184151 0 0 0 0 0 0 0 0 0 184151 0 0 SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Subsequent to September 30, 2008, the Board enacted a Top Hat Supplemental Executive Retirement Plan "(the SERP") for two key executives to provide future retirement and death benefits. The SERP was terminated during the plan year ended September 30, 2011. The Board agreed to replace this plan by making contributions for these two key executives as allowed per Section 457(b) of the Internal Revenue Code under the newly established Joint Industry Board Eligible Deferred Compensation Plan. These contributions, along with additional discretionary contributions made to the JIB Employees 401k Plan, are intended to provide an actuarially equivalent benefit to those previously offered under the SERP. Under the new funding arrangement, deferred compensation payable was $150,000 as of September 30, 2013. F990_P03_S00_L03 Form 990, Part III, Line 3 The Board agreed to establish a separate trust for the apprentice training program under the provisions of the Employee Retirement Income Security Act. See Schedule O and R for additioanal detail. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Board's Trustees approve all financial statement information included in the Form 990 ( The September 30, 2013 audited financial statements were approved by the Trustees). In addition, all significant transactions are approved by the Board's Trustees. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c JIB management discusses with the Board its fidiuicary responsibilities including following the Board's policies. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The Board makes its governing documents available to all of its members. This is communicated in various manners ( Internal and external websites, etc.) F990_P11_S00_L05 Form 990, Part XI, Line 5 The Board's unrealized loss for the year was -$732,685. F990_P11_S00_L09 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 Realty is 100 percent wholly owned by the Board. 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 Proivde 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 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 Educational and Cultural Trust Fund of the Electrical Industry k 1400000 The premises occupied by the Board are leased from the Educational and Cultural Fund of the Electrical Industry. Total rent expense for the 2013 fiscal year was $1,400,000. Educational and Cultural Trust Fund of the Electrical Industry l 30173911 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 payroll benefits directly attributable to each plan. In computing these allocated costs, various factors were considered, including the volume of transactions relating to each plan in relation to the other plans administered by the Board, the total assets of the plans and transactions with affiliates. Administrative record-keeping costs are billed to the affiliates on a monthly basis. The $30,173,911 represents the amounts received and earned by the Board for the period of October 1, 2012 to September 30, 2013. Educational and Cultural Trust Fund of the Electrical Industry m 0 See letter L for detail Educational and Cultural Trust Fund of the Electrical Industry n 0 See letter L for detail. Educational and Cultural Trust Fund of the Electrical Industry p 0 See letter L for detail. Educational and Cultural Trust Fund of the Electrical Industry o 0 See letter L for detail. Educational and Cultural Trust Fund of the Electrical Industry r 16020723 The Apprentice training program was established to provide training for participants of the inside electricians apprenticeship program. The Board agreed to establish a separate trust for the apprentice training program under the provisions of ERISA. The Board recorded $16,020,723 in the financial statements to reflect this upcoming transfer. Educational and Cultural Trust Fund of the Electrical Industry q 0 See letter L for detail. Educational and Cultural Trust Fund of the Electrical Industry s 0 See letter L for detail.