Health Reimbursement Account Fund Of The Electrical Industry

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562489386 ✦ Flushing, NY ✦ Designated as a 501(c)(9)

Overview

What is Health Reimbursement Account Fund Of The Electrical Industry?

The Health Reimbursement Account Fund of the Electrical Industry is a nonprofit organization primarily focused on collecting and managing funds from electrical contractors. These contributions are then invested to provide benefits for members of Local 3. In accordance with the Affordable Care Act, the organization adopted amendments to its plan provisions as of January 1, 2014. Its core mission is to gather and invest resources to support its members.


Official website here: www.jibei.org

Is Health Reimbursement Account Fund Of The Electrical Industry legitimate?

Health Reimbursement Account Fund Of The Electrical Industry is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health Reimbursement Account Fund Of The Electrical Industry submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.jibei.org

What is the mission statement of Health Reimbursement Account Fund Of The Electrical Industry?

The Health Reimbursement Account Fund of the Electrical Industry focuses on collecting and managing funds from electrical contractors to extend benefits to members of Local 3. In accordance with the Affordable Care Act, the organization made necessary amendments to its plan provisions starting January 1, 2014. The primary objective of the Fund is to accumulate and invest funds for the sole purpose of delivering benefits to the Local 3 members. By pooling resources, the Fund aims to provide essential health-related support and assistance to those it serves.


Official website here: www.jibei.org

Who is the CEO of Health Reimbursement Account Fund Of The Electrical Industry?

Humberto J Restrepo is the Trustee of Health Reimbursement Account Fund Of The Electrical Industry.


Official website here: www.jibei.org

What is the revenue of Health Reimbursement Account Fund Of The Electrical Industry?

Health Reimbursement Account Fund Of The Electrical Industry's revenue in 2022 was $47,126,968.


Official website here: www.jibei.org

Who are the executives of Health Reimbursement Account Fund Of The Electrical Industry and what are their salaries?

Here are 14 key members and their salaries:

    Thomas Cleary (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Lazzaro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristine Denapoli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Erikson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Hofving (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Gilston (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Proscia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Santigate (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lance Van Arsdale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Mannino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Gianotti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Erikson Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Villafane (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Kleinberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.jibei.org

    Where can I find the form 990 for Health Reimbursement Account Fund Of The Electrical Industry?

    The Health Reimbursement Account Fund Of The Electrical Industry’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.jibei.org

    Learn more at the official website: www.jibei.org

    Mission Statement of Health Reimbursement Account Fund Of The Electrical Industry

    The Health Reimbursement Account Fund of the Electrical Industry is a unique organization dedicated to gathering and investing resources from electrical contractors. Its ultimate goal is to extend essential benefits to members of Local 3. Through its amendments to the plan provisions, the Fund ensured compliance with the Affordable Care Act as of January 1, 2014.

    The Fund's primary objective revolves around the collection and investment of funds from electrical contractors. These investments are intended to offer significant advantages to members of Local 3. By pooling resources, the Fund is able to provide a more comprehensive benefits package to its members. Its operations are centered around the betterment of the Local 3 community, leveraging the power of collective contributions.

    The Health Reimbursement Account Fund of the Electrical Industry plays a crucial role in enhancing the wellbeing of Local 3 members. By providing access to various benefits, the organization strives to improve the overall health and financial security of those it serves. Through its unwavering commitment to collection, investment, and distribution of funds, the Fund has established itself as a vital resource for the electrical industry.

    Impact

    This information is meant to be a general summary of Health Reimbursement Account Fund Of The Electrical Industry. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Health Reimbursement Account Fund Of The Electrical Industry plays a significant role in collecting and investing funds from electrical contractors to provide benefits to members of Local 3. Its adoption of amendments to comply with the Affordable Care Act demonstrates a commitment to ensuring that members have access to necessary benefits. By serving as a mutual benefit organization focused on the well-being of its members, the Fund contributes to the overall health and welfare of the electrical industry workforce in Flushing, NY.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,141,862
  • Program Service Revenue: $43,985,106
  • Gross Receipts: $47,126,968

    • Assets and Liabilities:
  • Total Assets: $129,953,040
  • Total Liabilities: $2,246
  • Net Assets: $129,950,794
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EMPLOYER CONTRIBUTIONS

    Revenue

    $43,985,106

    Organization Details

    Founding Year

    2004

    Principal Officer

    Humberto J Restrepo

    Main Address

    158-11 Harry Van Arsdale Jr Avenue, Flushing, NY, 11365

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Health Reimbursement Account Fund Of The Electrical Industry and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.