Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990, Part VI, Line 10a - Members of the Midwest Wall/Ceiling C | The taxpayer prepared financial statements are prepared on a consolidated basis including the assets, liabilities, and activities of the Gypsum Drywall Council of Northern Illinois (Mid Res Com) and the Chicago Drywall Finishers Advancement Fund whose by-laws designate the Midwest Wall and Ceiling Contractors, Inc. as their sole voting member. The amounts on the consolidated financial statements are being broken out and shown on separate Forms 990 information returns as follows: the "Umbrella" association, Midwest Wall and Ceiling Contractors (FEIN 36-1042740), the Gypsum Drywall Council of Northern Illinois (FEIN 36-6086054), and the Chicago Drywall Finishers Advancement Fund (F.E.I.N. # 51-0162818.) For calendar years ended December 31, 2009 and December 31, 2010, these funds were all filed on one tax return for the Midwest Wall and Ceiling Contractors, F.E.I.N. # 36-1042740. Collective bargaining agreement funds which are received from the Gypsum Drywall Council of Northern Illinois (Mid Res Com)are maintained in separate investments accounts with Morgan Stanley.While the industry contributions received are shown in Part VII , LIne 21a of the Form 990 as "membership dues" , these amounts received are in fact better described as indicated above. Accordingly, the response to Schedule C, Part III A indicates that these amounts received are in fact from tax-exempt labor entities which do not deduct any of these collective bargaining payments to the Umbrella Accociation (Midwest Wall and Ceiling Contractors) as "dues." | |
| Form 990, Part VI, Line 19 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Forms 990 and 1023 are available to the Public upon request. Other Governing documents, policies, and financial statements are available in accordance with IRS regulations and State of Illinois Nonprofit Corporation Statutes and Open Records Act. |
| Form 990, Part VI, Line 12c | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Annual statement signed by Board members regarding compliance with conflict of interest policy |
| Form 990, Part VI, Line 11 | Form 990, Part VI, Line 11: Form 990 Review Process | Executive Director reviews the return with a finance committtee delegated by governing board. |
| Form 990, Part VI, Line 3 | Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company | Rena Berke Associates Inc.has been engaged to perform the Executive Director functions of the Association which comprise management and planning of functions and activities of the Association, incurring expenses for support staff for accounting purposes, securing and inccuring rental payments for office space, expenses of office equipment, monitoring investment activities and reporting to the Board on all matters of operational, financial, and investment activities significant to the stability of the Association. |
| Client Note 1 - |
| Software ID: | 11000144 |
| Software Version: | 2011v1.2 |