EDUCATIONAL AND CULTURAL TRUST FUND OF THE ELECTRICAL INDUSTRY

EIN: 116035960

Flushing, NY

Total Revenue
$24,928,251
Total Expenses
$25,165,426
Total Assets
$85,778,137
Net Assets
$70,561,867
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
NY
Principal Officer
Humberto J Restrepo
Phone
7185912000
Tax Period
2023-10-01 to 2024-09-30

EDUCATIONAL AND CULTURAL TRUST FUND OF THE ELECTRICAL INDUSTRY, founded in 1964, is a mid-sized nonprofit that reported $24.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $70.6M represent 34 months of operating reserves.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $22,378,598
Investment Income $2,454,242
Other Revenue $95,411
TOTAL REVENUE $24,928,251

Expense Breakdown

Grants Paid $1,676,603
Salaries & Benefits $3,931,261
Fundraising Expenses $0
Program Expenses $0
Other Expenses $19,557,562
TOTAL EXPENSES $25,165,426

Year-over-Year Comparison

2023 2022 Change
Revenue $24,928,251 $22,944,112 +0.1%
Expenses $25,165,426 $22,825,700 +0.1%
Net Income $-237,175 $118,412 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
18
Independent Members
N/A
Employees
80
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
0
$0
Key Employees
2
$478,670
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Humberto J Restrepo Chairman 40
Key Emp
$0 $0 $281,092
Michael Yee Director 40
Key Emp
$0 $0 $197,578
Erland Castillo Associate Director 1
$0 $0 $0
Thomas Cleary Trustee 1
$0 $0 $0
Joseph Santigate Trustee 1
$0 $0 $0
Kristine DeNapoli Trustee 1
$0 $0 $0
Robert Amabile Trustee 1
$0 $0 $0
Andrea Addeo Trustee 1
$0 $0 $0
Christopher Erikson Trustee 1
$0 $0 $0
Thomas Capurso Trustee 1
$0 $0 $0
Annette Diaz-Rivera Trustee 1
$0 $0 $0
Derek Jordan Trustee 1
$0 $0 $0
Jonathan Lifton Trustee 1
$0 $0 $0
Christopher Erikson Jr Trustee 1
$0 $0 $0
Gregg Sokoloff Trustee 1
$0 $0 $0
John Villafane Trustee 1
$0 $0 $0
Richard Duva Jr Trustee 1
$0 $0 $0
Kory Kleinberg Trustee 1
$0 $0 $0
Lance Van Arsdale Trustee 1
$0 $0 $0
John Mannino Trustee 1
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $24,928,251 $25,165,426 $85,778,137 $-237,175
2023 $22,944,112 $22,825,700 $80,608,199 $118,412
2022 $23,193,740 $21,997,607 $75,779,830 $1,196,133
2021 $24,193,596 $20,415,176 $84,016,859 $3,778,420
2020 $25,828,448 $22,960,826 $82,788,856 $2,867,622
2019 $28,041,577 $22,967,333 $79,594,186 $5,074,244
2018 $26,948,022 $22,692,758 $75,581,980 $4,255,264
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