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Joint Industry Board Health Reimbur Sement Account Fund

Labor
DBA: % JIB OF THE ELECTRICAL INDUSTRY
Labor Union · FLUSHING, NY · EIN 13-0891035

Transactions with related orgs

990 Schedule R Part V
Money flows reported between this org and its related entities — transfers, loans, asset sales, shared services.
Related orgTransactionAmountMethod
Pension Hospitalization and Benefits Plan of the Electrical IndustrySharing of facilities$0See letter l for details.
Pension Hospitalization and Benefits Plan of the Electrical IndustryPerformance of services (given)$54.7MIt is 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 plans 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 $54,731,723 represents the amounts received and earned by the board for the period october 1, 2023 to september 30, 2024.
Educational and Cultural Trust Fund of the Electrical IndustryPerformance of services (received)$1.1MThe premises occupied by the board are leased from the E&C fund. Total RENT expense recorded in the board's 2023 fiscal years financial statements was $1,131,000.
Pension Hospitalization and Benefits Plan of the Electrical IndustryOther$0See letter l for details.
Pension Hospitalization and Benefits Plan of the Electrical IndustryOther (received)$0See letter l for details.
Pension Hospitalization and Benefits Plan of the Electrical IndustryReimbursement (received)$0See letter l for details.
Pension Hospitalization and Benefits Plan of the Electrical IndustryReimbursement (given)$0See letter l for details.
Pension Hospitalization and Benefits Plan of the Electrical IndustrySharing of employees$0See letter l for details.

Related organizations

990 Schedule R
Tax-exempt orgs, partnerships, and other entities disclosed as related — parent / subsidiary / sister entities.
NameRelationshipActivityStateEIN
JIB Services LLCDisregarded entityIt is organization that employs individuals working for JIB Medical, P.CNY464861345
Dental Benefit Fund of the Electrical IndustryRelated tax-exempt orgTo provide dental benefits to eligible membersNY112585905
The Electrical Industry Group Life FundRelated tax-exempt orgProvIde group term life insurance coverage for eligible members.NY131884504
Educational and Cultural Trust Fund of the Electrical IndustryRelated tax-exempt orgProvide educational and cultural benefits to members of the electrical industryNY116035960
E and C Property Holdings 1Related tax-exempt orgTo hold title to real estate used by the Educational and Cultural Trust FundNY392068169
E and C Property Holdings 2Related tax-exempt orgTo hold title to real estate used by the Educational and Cultural Trust FundNY271107280
E and C Property Holdings SouthRelated tax-exempt orgTo hold title to real estate used by the Educational and Cultural Trust FundNY800400043
Additional Security Benefits PlanRelated tax-exempt orgProvide additional security benefits to membersNY112212659
Pension Hospitalization and Benefits Plan of the Electrical IndustryRelated tax-exempt orgProvide medical and other benefits to members of the electrical industryNY130891045
Dental Benefit Plan of the Elevator IndustryRelated tax-exempt orgProvide dental benefits to eligible membersNY115219005
Legal Services Plan of the Electrcial IndustryRelated tax-exempt orgTo provide legal services benefits to eligible membersNY112871178
Clothing and Tools Plan of the Electrical IndustryRelated tax-exempt orgProvide clothing and tools reimbursement to eligible membersNY113105790
The Electrical Industry Scholarship Fund IncRelated tax-exempt orgProvide scholarships to eligible individualsNY061687979
Real Estate FundRelated tax-exempt orgProvide benefits to eligible membersNY800580089
Electrical Employers Self Insurance Safety PlanRelated tax-exempt orgProvide workers' compensation and disability benefits to eligible membersNY510151311
Vacation Holiday Unemployement Plan of the Electrical IndustryRelated tax-exempt orgProvide benefits to eligible membersNY131853892
Health Reimbursement Account of the Electrical IndustryRelated tax-exempt orgProivde additional benefits to eligible membersNY562489386
Employees Security Fund of the Electrical Products IndustriesRelated tax-exempt orgProvide medical and other benefits to eligible members.NY136100908
Electrical Industry Apprentice Training ProgramRelated tax-exempt orgTo provide apprentice trianing for eligible membersNY611735214
Annuity Plan of the Electrical IndustryRelated tax-exempt orgTo provide annuity benefits to eligible union membersNY136123600
Pension Hospitalization and Benefit Plan of the Electrical IndustryRelated tax-exempt orgTo provide pension benefits to eligible union membersNY136123601
Harry Van Arsdale Jr Memorial Association IncRelated tax-exempt orgEducate and promote educational activities for Harry Van ArsdaleNY112803482
Employees Securities Fund of the Electrical ProductsRelated tax-exempt orgTo provide pension benefits to eligible union membersNY136100907
Deferred Salary Plan of the Electrical IndustryRelated tax-exempt orgTo provide 401k and other benefits to eligible union membersNY112656063
Job Security Fund of the Electrical IndustryRelated tax-exempt orgTo provide job security to eligible members.NY364941184