Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS SUBMITTED TO OFFICERS OF IBEW LOCAL UNION #70 ALLOWING SUFFICIENT TIME FOR REVIEW AND QUESTIONS PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 15 | OFFICER SALARIES ARE ESTABLISHED ACCORDING TO A FORMULA SET FORTH IN UNION BYLAWS WHEREBY COMPENSATION FOR A GIVEN OFFICE IS CALCULATED USING A BENCHMARK COMMERCIAL PAY RATE MULTIPLIED BY A PREDETERMINED FACTOR DEPENDING ON THE LEVEL OF OFFICE HELD. THE RESULTING SALARY AMOUNT IS THEN SUBMITTED FOR APPROVAL BY THE EXECUTIVE BOARD, THE MEMBERSHIP AT LARGE, AND ULTIMATELY THE INTERNATIONAL OFFICE. EMPLOYEE COMPENSATION IS BASED ON COMPARABLE MARKET RATES AND IS SUBJECT TO APPROVAL BY THE BUSINESS MANAGER AND THE MEMBERSHIP AT LARGE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS ARE HANDED DOWN FROM THE NATIONAL OFFICE AND ARE AVAILABLE ONLINE AND BY REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE FROM THE LOCAL CHAPTER UPON REQUEST. FINANCIAL INFORMATION IS ALSO AVAILABLE TO THE PUBLIC THROUGH THE US DEPARTMENT OF LABOR'S WEBSITE ON DOL FORM LM-2. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -5,856. |
| Software ID: | |
| Software Version: |