Educational And Cultural Trust Fund Of The Electrical Industry

Organization Overview

Educational And Cultural Trust Fund Of The Electrical Industry is located in Flushing, NY. The organization was established in 1965. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 09/2023, Educational And Cultural Trust Fund Of The Electrical Industry employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational And Cultural Trust Fund Of The Electrical Industry is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 09/2023, Educational And Cultural Trust Fund Of The Electrical Industry generated $22.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $22.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FUND HAS AS ITS PRINCIPAL ACTIVITY THE COLLECTION AND INVESTMENT OF FUNDS RECEIVED FROM ELECTRCIAL CONTRACTORS FOR THE PURPOSES OF PROVIDING EDUCATIONAL AND CULTURAL BENEFITS TO MEMBERS OF THE LOCAL UNION NO. 3 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, AFL-CIO AND MAINTENANCE OF THE ELECTRICAL INDUSTRY CENTER.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$22,811,257
Investment income $1,280,610
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,239,687
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $22,944,112

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