2012-08-14T09:31:49-07:00 2011-09-30 990 2010-10-01 130891035 JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY JOIN 7185912000 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 Dr Gerald Finkel 7185912000 2012-08-09 2010 2016-02-24 21:20:13Z Dr Gerald Finkel 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 64312199 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 0 0 0 0 0 7179094 9050578 304949 929047 34265866 33420920 41749909 43400545 0 4203975 27136820 26887197 0 0 12883880 7066859 40020700 38158031 1729209 5242514 65351036 70477890 26677290 26902240 38673746 43575650 To supervise and administer various benefit plans under the terms of the collective bargaining agreements and the related agreements and working rules. 0 0 4203975 0 0 The Board operates an apprentice program for eligible union members. 0 0 0 4203975 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 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 1 144 0 1 0 0 0 0 0 0 0 X 30 0 0 0 0 0 0 0 0 1 1 0 0 0 0 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 X 0 0 0 Robert Amabile 1 X 0 0 0 Salvatore Caputo 1 X 0 0 0 Thomas Carlucci 1 X 0 0 0 Menachem Gal 1 X 0 0 0 Stephen Gianotti 1 X 0 0 0 Rudy Weissberg 1 X 0 0 0 Richard Kleinknecht 1 X 0 0 0 Steven Lazzaro 1 X 0 0 0 Ciro Lupo 1 X 0 0 0 Michael Mazzeo Jr 1 X 0 0 0 David Pinter 1 X 0 0 0 John Pinto 1 X 0 0 0 David I Samuels 1 X 0 0 0 Gary Segal 1 X 0 0 0 Benjamin Arana 1 X 0 0 0 Christopher Erikson 1 X 0 0 0 Ronald Bryan 1 X 0 0 0 William Hofving 1 X 0 0 0 John E Marchell 1 X 0 0 0 Vincent McElroen 1 X 0 0 0 Raymond Melville 1 X 0 0 0 Robert Olenick 1 X 0 0 0 Luis Restrepo 1 X 0 0 0 Paul Ryan 1 X 0 0 0 Jospeh Santigate 1 X 0 0 0 Michael Whalen 1 X 0 0 0 Lance Van Arsdale 1 X 0 0 0 Elliot Hecht 1 X 0 0 0 Vito Mundo 40 X 242130 0 0 Jerry Finkel 40 X 219647 0 0 Mark Chanzis 40 X 218593 0 0 Jean L'Allier 40 X 202603 0 0 Nicholas Papapietro 40 X 194703 0 0 Steve Butman 40 X 186264 0 0 Robert Ball 40 X 186079 0 0 Christina Sessa 40 X 179654 0 0 1629673 0 0 30 0 1 0 0 0 Employers' contributions 230000 9050578 9050578 0 0 0 0 0 0 9050578 818638 818638 0 0 0 0 0 0 0 0 0 0 0 0 21022063 0 20911654 0 110409 0 110409 110409 0 0 Administrative and record-keeping fees 230000 32716996 32716996 0 0 NEBF- service fee 230000 51296 51296 0 0 Other income 230000 652628 652628 0 0 0 0 0 0 33420920 43400545 43400545 0 0 4203975 680370 26206827 663001 606156 84368 1972132 1695521 238409 717839 458246 Misc expenses 108709 Pension and deferred compensation expense 522478 38158031 0 0 0 28234404 28437048 672658 1028298 3310008 1958758 1512443 1351250 33609228 37927617 1322303 1733677 65351036 70477890 510010 1034237 16460990 14944258 9706290 10923745 26677290 26902240 X 38673746 43575650 0 0 0 0 38673746 43575650 65351036 70477890 X 5242514 -340610 X 0 1 1 X 0 0 1 0 0 0 0 0 0 0 1909600 0 1238223 671377 1144938 0 578627 566311 255470 0 141908 113562 1351250 0 Unallocated contributions 8277657 Due to affiliates 1402839 Compensated absences payable 1158249 Other 85000 10923745 43400545 38158031 5242514 -340610 0 0 0 0 -340610 4901904 43059935 -340610 0 0 0 -340610 43400545 0 0 0 43400545 38158031 0 0 0 0 0 38158031 0 0 0 38158031 SchD_P04_S00_L02b Schedule D, Part IV, Line 2b The Board has segregated contributions designated for the Benefit Wage Delinquency Fund. The Participating Employers contribute different amounts (based on the Agreements) of their weekly standard gross wages to the Delinquency Fund. The Delinquency Fund amounts are held by the Board to pay benefits and wages for the employees of eligible contractors. 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 income tax examinations by U.S. federal, state or local tax authorities for years before 2008, which is the standard statute of limitations look back period. X 0 1 0 Vito Mundo 242130 0 0 0 0 0 0 0 0 0 242130 0 0 0 Jerry Finkel 219647 0 0 0 0 0 0 0 0 0 219647 0 0 0 Mark Chanzis 218593 0 0 0 0 0 0 0 0 0 218593 0 0 0 Jean L'Allier 202603 0 0 0 0 0 0 0 0 0 202603 0 0 0 Nicholas Papapietro 194703 0 0 0 0 0 0 0 0 0 194703 0 0 Steve Butman 186264 0 0 0 0 0 0 0 0 0 186264 0 0 0 Robert Ball 186079 0 0 0 0 0 0 0 0 0 186079 0 0 0 Christina Sessa 179654 0 0 0 0 0 0 0 0 0 179654 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. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Board's Trustees approves all financial statement information included in the Form 990 (The September 30 ,2011 audited financial statements were approved by the Trustees). In addition, all significant transactions are approved by the Board's Trustees. 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 2011 year was $340,610. 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 Trst 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 0 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 1 1 1 1 1 1 1 0 1 Real Estate Fund r 319589 The Board owns 100 percent of its subsidiary, J.I.B. Realty Corporation. J.I.B. Realty Corporation owns and operates a shopping center facility. The $319.589 represents amounts owed to Joint Industry Board as of September 30, 2011. Educational and Cultural Trst Fund of the Electrical Industry j 1695521 The premises occupied by the Board are leased from the Educational and Cultural Trust Fund of the Electrical Industry month to month at an annual rate of approximately $856,000 plus certain expenses. Total rent expense, including operating expenses, for the year ending September 30, 2011 was $1,695,521. Educational and Cultural Trst Fund of the Electrical Industry k 32716996 It is the policy of the Board to allocate certain administrative and record-keeping costs to the various benefits plans it administers, in addition to the cost of payroll and related payroll benefits directly attributable to each Fund or 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 and record-keeping costs are billed to the affiliates on a monthly basis. The $32,716,996 represents amounts that were received from affiliates for the fiscal 2011 year. Educational and Cultural Trst Fund of the Electrical Industry l 0 See letter k for explanation. Educational and Cultural Trst Fund of the Electrical Industry m 0 See letter k for detail. Educational and Cultural Trst Fund of the Electrical Industry n 0 See letter k for explanation. Educational and Cultural Trst Fund of the Electrical Industry o 0 See letter k for detail. Educational and Cultural Trst Fund of the Electrical Industry p 0 See letter k for detail.