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Electrical Industry Group Life Fund

Not tax-deductible

Flushing, NYMutual-benefit / member-servingSince 1958Mutual / membership EIN 13-1884504Revenue $158K in FY2025Latest return filed May 29, 2026

On file with the IRSjibei.orgFlushing, NYTax-exempt since Nov 1976

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The Fund has as its principal activities the collection and investment of funds received from electrical contractors and participating employers for the purpose of providing group term life insurance coverage for their eligible employees including officers, partners or sole owners of firms ("eligible participants") as set forth in the rules and regulations of the Agreement.

Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $114K a year · 74% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $733K in investments, Pt X · Ln 11–13
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$58K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$158K
+39% vs prior year
Spent
$272K
To programs
0%
Net assets
$747K
By yearFY2020–FY2025
Revenue
$158K
FY2025▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$183K
FY2021$197K
FY2022$187K
FY2023$84K
FY2024$114K
FY2025$158K
Expenses
$272K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$273K
FY2021$297K
FY2022$249K
FY2023$258K
FY2024$259K
FY2025$272K
Net assets
$747K
FY2025▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.1M
FY2023$959K
FY2024$878K
FY2025$747K

From the FY2025 Form 990 (year ending August 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Electrical Industry Group Life Fund executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides group life insurance for electrical industry employees using contractor and employer contributions.

Questions for Electrical Industry Group Life Fund

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Your first name shows with your question. Electrical Industry Group Life Fund answers here, for everyone.

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$158K
Ln 12
Fees for servicesLn 2g$90K
Investment incomeLn 3$68K
Money outPt IX
$272K
Ln 25
Owns and owesPt X
$747K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$806K
LiabilitiesLn 26$58K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$90K
Investment incomeLn 3$68K
Gains on assetsLn 7$38K
Total revenueLn 12$158K
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
InvestmentsLn 11–13$733K
Other assetsLn 15$22K
Total assetsLn 16$806K
LiabilitiesLn 26$58K
Net assetsLn 32$747K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$28K$51K
InvestmentsLn 11–13$848K$733K
Total assetsLn 16$935K$806K
LiabilitiesLn 26$58K$58K
Net assetsLn 32$878K$747K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$145K
Other expenses (24a–d)Ln 24$127K
Total functional expensesLn 25$272K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 29, 2026 $158K$272K−$114K$747K 990 PDF
FY2024Filed with the IRS Jul 2, 2025 $114K$259K−$145K$878K 990 PDF
FY2023Filed with the IRS Jun 19, 2024 $84K$258K−$174K$959K 990 PDF
FY2022Filed with the IRS Jun 30, 2023 $187K$249K−$61K$1.1M 990 PDF
FY2021Filed with the IRS Jun 27, 2022 $197K$297K−$100K$1.3M 990 PDF
FY2020Filed with the IRS Jun 24, 2021 $183K$273K−$90K$1.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $157,806 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $91,399$89,659
I-10 Investment incomePrior year $22,157$68,147
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $113,556$157,806
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $146,914$145,285
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $111,675$126,662
I-18 Total expensesPrior year $258,589$271,947
I-19 Revenue less expensesPrior year −$145,033−$114,141
Part VI · Governance 0 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $157,806 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $89,659 · Unrelated business $0 · Excluded from tax $0$89,659
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $30,279 · Excluded from tax $0$30,279
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $37,868 · Excluded from tax $0$37,868
VIII-12 Total revenueRelated to mission $89,659 · Unrelated business $68,147 · Excluded from tax $0$157,806
Part IX · Statement of functional expenses $271,947 across 2 lines filed
IX-4 Benefits paid to or for members$145,285
IX-24 Other expenses (24a–d)$126,662
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$271,947
Part X · Balance sheet $805,872 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $28,377$50,853
X-11 Publicly traded securitiesStart of year $847,828$733,458
X-15 Other assetsStart of year $59,031$21,561
X-16 Total assetsStart of year $935,236$805,872
X-17 Accounts payable and accrued expensesStart of year $1,408$1,193
X-25 Other liabilitiesStart of year $56,214$57,303
X-26 Total liabilitiesStart of year $57,622$58,496
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $877,614$747,376
X-32 Total net assets or fund balancesStart of year $877,614$747,376
X-33 Total liabilities and net assetsStart of year $935,236$805,872
Part XI · Reconciliation of net assets $747,376 net assets at year end
XI-1 Total revenue$157,806
XI-2 Total expenses$271,947
XI-3 Revenue less expenses−$114,141
XI-4 Net assets at start of year$877,614
XI-5 Net unrealized gains (losses) on investments−$16,097
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$747,376

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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