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← HAWAII ELECTRICIANS SUPPLEMENTARY UNEMPLOYMENT BENEFIT FUND

Form 990 for tax year 2024

Filed by HAWAII ELECTRICIANS SUPPLEMENTARY UNEMPLOYMENT BENEFIT FUND.

Totals

Total revenue
$6,771,599
Total expenses
$4,533,365
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,287,900
Investment income
$1,483,699
Other revenue
$0
Total assets, end of year
$28,501,552
Total liabilities, end of year
$134,260
Net assets or fund balances, end of year
$28,367,292
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$4,141,993

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTION

    total $5,285,779 · related or exempt $5,285,779

  • 2b · Program service revenue: LIQUIDATED DAMAGES

    total $2,121 · related or exempt $2,121

  • 3 · Investment income

    total $961,107 · excluded $961,107

  • 7a · Gross sales of assets other than inventory

    securities $32,151,920

  • 7b · Less cost or other basis and sales expenses

    securities $31,629,328

  • 7c · Gain or loss

    securities $522,592

  • 7d · Net gain or loss

    total $522,592 · excluded $522,592

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,141,993

  • 11b · Fees: legal

    total $1,300

  • 11c · Fees: accounting

    total $25,885

  • 11f · Fees: investment management

    total $108,826

  • 13 · Office expenses

    total $9,551

  • 19 · Conferences, conventions and meetings

    total $1,144

  • 23 · Insurance

    total $8,867

  • 24a · Other expenses: HAWAII ELECTRICIANS ADM

    total $235,799

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,426 · end of year $29,522

  • 2 · Savings and temporary cash investments

    beginning of year $4,333,932 · end of year $5,200,268

  • 4 · Accounts receivable

    beginning of year $961,431 · end of year $790,632

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,957 · end of year $3,501

  • 11 · Investments: publicly traded securities

    beginning of year $16,308,895 · end of year $19,272,635

  • 12 · Investments: other securities

    beginning of year $3,893,973 · end of year $3,130,527

  • 15 · Other assets

    beginning of year $96,601 · end of year $74,467

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,629 · end of year $40,310

  • 25 · Other liabilities

    beginning of year $13,353 · end of year $93,950

  • 29 · Capital stock, trust principal or current funds

    beginning of year $25,608,233 · end of year $28,367,292

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

PROVIDE SUPPLEMENTAL UNEMPLOYMENT, SEVERANCE AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH PLAN RULES AND REGULATIONS

Activities or mission (Part I)

PROVIDES SUPPLEMENTAL UNEMPLOYMENT, SEVERANCE AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH PLAN RULES AND REGULATIONS. THE PLAN IS A MULTIEMPLOYER PLAN.

  • SUPPLEMENTARY BENEFITS TO PARTICIPANTS FOR UNEMPLOYMENT, SERVERANCE, DISABILITY OR DEATH.

    Expenses $4,141,993

As filed on the 2024 return.

Listed in Part VII

  • Jody Hanamoto

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Hanamoto

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Daryl Suehiro

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Al Itamoto

    EMPLOYER TRUSTEE-ALTERNATE

    Total calculated
    $0
    Hours/week
    0.5

  • Damien Kim

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Phongsavath

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tracy Hayashi

    UNION TRUSTEE-ALTERNATE

    Total calculated
    $0
    Hours/week
    0.5

  • Leyton Torda

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SEE SCHEDULE R SUPPLEMENTAL INFORMATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SEE SCHEDULE R SUPPLEMENTAL INFORMATION

  • HAWAII ELECTRICIANS ADMINISTRATIVE OFFICE

    C · TRUST FUND ADMINISTRATION · HI

Provenance

Return type
form_990
Tax year
2024
Filed
29 July 2026
IRS schema version
2024v5.5
Source object
202632179349301333

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