Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| REVIEW OF FORM 990 | PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE CO-CHAIRS UPON RECEIPT FROM THE INDEPENDENT ACCOUNTANTS. |
| MONITOR AND COMPLIANCE OF CONFLICT OF INTEREST POLICY | PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS DESIGNATED TO COVER ALL DIRECTORS, OFFICERS OR MEMBERS OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. PROCEDURES: ----------- 1. Duty to Disclose. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members ofcommittees with governing board delegated powers considering the proposed transaction or arrangement. 2. Determining Whether a Conflict of Interest Exists. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. 3. Procedures for Addressing the Conflict of Interest a. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. b. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. c. After exercising due diligence, the governing board or committee shall determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict ofinterest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. ANNUAL STATEMENTS: ------------------ EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. |
| AVAILABILITY OF GOVERNING DOCUMENTS, POLICIES AND FINANCIALS TO PUBLIC | PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUEMENTS, CONFLICT OF INTEREST POLICY NOR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| OTHER COMMITTEES | PART VI, SECTION A, LINE 8B | NO OTHER COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD EXIST IN THE ORGANZIATION. |
| APPOINTMENT TO BOARD OF TRUSTEES | PART VI, SECTION A, PART 7A | THE TRUST SHALL CONSIST OF SIX (6) TRUSTEES, THREE (3) OF WHOM SHALL BE APPOINTED BY THE GENERAL PRESIDENT OF THE IRON WORKERS INTERNATIONAL UNION AND THREE (3) OF WHOM SHALL BE APPOINTED AMONG THE EMPLOYERS UNDER THE COLLECTIVE BARGAINING AGREEMENT WITH LOCAL 846. |
| METHOD OF ACCOUNTING - MODIFIED CASH BASIS | PART IX, LINE 1 | The financial statements are prepared using the modified cash basis of accounting. The modified cash basis differs from generally accepted accounting principles primarily because revenues are generally recognized when received rather than when earned and expenses are generally recognized when paid rather than when the obligation is incurred. Except for the capitalization and depreciation of property and equipment, recognition of balances due to or from related parties and deposits made on leases, all transactions are recognized as either revenue or expenses. |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:BERNARD EVERS TITLE:UNION TRUSTEE HOURS:4 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:DANIEL S PARKER TITLE:UNION TRUSTEE/CO-CHAIR HOURS:4 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:DONALD A ZAMPA TITLE:UNION TRUSTEE HOURS:4 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:CARY NEWTON TITLE:EMPLOYER TRUSTEE/CO-CHAIR HOURS:4 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:RICHARD WHALEY TITLE:EMPLOYER TRUSTEE HOURS:4 |
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