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EDUCATIONAL AND CULTURAL TRUST FUND OF THE ELECTRICAL INDUSTRY
Flushing, NY · EIN 116035960 · Form 990 · FY2023 · Large ($10M-$50M)
revenue
$24.9M
expenses
$25.2M
net assets
$70.6M
employees
80
volunteers
18
program ratio
0%
mission · from form 990

The Fund has as its principal activity the collection and investment of funds received from electrical contractors for the purposes of providing educational and cultural benefits to the members of Local Union No 3 of the International Brotherhood of Electrical Workers, AFL-CIO and the maintenance of the Electrical Industry Center.

profile · synthesized from sources

The Educational and Cultural Trust Fund of the Electrical Industry supports members of Local Union No 3 of the International Brotherhood of Electrical Workers by providing educational and cultural benefits. It collects and invests funds from electrical contractors and maintains the Electrical Industry Center. The organization operates in Flushing, NY, serving union members primarily through educational programming and facility support.

named programs · 2 · from sources

What they call their work

Educational and Cultural Benefits Program
Provides educational and cultural benefits to members of Local Union No 3 through programming and resources funded by contractor contributions and investment returns.
Electrical Industry Center Maintenance
Supports the operation and maintenance of the Electrical Industry Center, a facility serving union members and likely used for training, meetings, and events.
activities · 1 group

What they do

  • Union and Member Organization Facility Operations 1 activity
    • Collects and invests funds for educational and cultural benefits
      Collects and invests funds from electrical contractors to support educational and cultural benefits for members of Local Union No 3 and to maintain the Electrical Industry Center.
financials · form 990 · fy2023
revenue
Total revenue$24.93M
Contributions & grants$00%
Program service revenue$22.38M90%
Investment income$2.45M10%
Other revenue$95K
expenses
Total expenses$25.17M
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$3.93M
Grants paid out$1.68M
Largest expense lineFacilities
balance sheet
Total assets$85.78M
Cash$2.53M
Investments$49.18M
Liabilities$15.22M
Net assets$70.56M
Liquid reserves24.7 mo
5 years on record · 2019–2023 · YoY revenue +8.6%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
Humberto J Restrepo Chairman 40 $281K
Michael Yee Director 40 $198K
board members · 18
  • Andrea Addeo — Trustee
  • Annette Diaz-Rivera — Trustee
  • Christopher Erikson — Trustee
  • Christopher Erikson Jr — Trustee
  • Derek Jordan — Trustee
  • Erland Castillo — Associate Director
  • Gregg Sokoloff — Trustee
  • John Mannino — Trustee
  • John Villafane — Trustee
  • Jonathan Lifton — Trustee
  • Joseph Santigate — Trustee
  • Kory Kleinberg — Trustee
  • Kristine DeNapoli — Trustee
  • Lance Van Arsdale — Trustee
  • Richard Duva Jr — Trustee
  • Robert Amabile — Trustee
  • Thomas Capurso — Trustee
  • Thomas Cleary — Trustee
relationships · 1

Who they work with

  • Local Union No 3 of the International Brotherhood of Electrical Workers, AFL-CIO Partner — Primary beneficiary of educational and cultural benefits provided by the Fund.