Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| 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 Statutues and Open Records Act. |
| Form 990, Part VI, Line 15a | Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | he Board of Directors formally reviews the budgeted expenses and has a solid knowledge of gthe competence and success of the Executive Director in operating this and similar organizations for many years. Their determination of compensation to Rena Berke Associates, Inc. is based on such knowledge in conjunction with budgetary reviews. |
| Form 990, Part VI, Line 12c | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Annual statements signed by Board Members regarding compliance with conflict of interest policy. |
| Form 990, Part VI, Line 11b | Form 990, Part VI, Line 11b: Form 990 Review Process | The Executive Director reviews the Form 990 in detail with a finance committee delegated by the governing board. |
| Form 990, Part VI, Line 6 | Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | The taxpayer prepares consolidated financial statements which include the assets, liablilities, and activities of the Midwest Wall and Ceiling Contractors, Inc. (MWCC) (F.E.I.N. #36-1042740) Gypsum Drywall Contractors of Northern Illinios (Mid Res Com)(F.E.I.N. # 36-6086054) as well as the Chicago Drywall Finishers Advancement Fund (F.E.I.N. # 51-0162818) whose by-laws designate the Midwest Wall and Ceiling Contractors, Inc. (MWCC) as their sole voting member in collective bargaining negotiations. Separate Forms 990 information returns are prepared and electronically filed for each of the three related organizations as follows: The "Umbrella" Association which is the Midwest Wall and Ceiling Contractors (F.E.I.N. # 36-1042740), the Chicago Drywall Finishers Advancement Fund (F.E.I.N. # 51-0162818) and the Gypsum Drywall Contractors of Northern Illinois (Mid Res Com) (F.E.I.N. # 36-6086054.)No Compilation or Limited Review or Audit services are performed by independent accountants.Collective bargaining agreement funds which are received are maintained in separate investment accounts with Morgan Stanley.While the industry contributions received are shown in Part VII, Line 21a of Form 990 as "membership dues" these amounts received are in fact industry fund contributions paid to MWCC under collective bargaining agreements. Accordingly, the response to Scehdule C, Part IIIA indicates that these amounts received are in fact from tax-exempt labor entitites which do not deduct any of these collective bargaining payments to MWCC as dues. |
| 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 Gypsum Drywall Contractors of Northern Illinois (Mid Res Com) which comprise management and planning of functions and activities of the entity, inclurring expenses for support staff for accounting purposes, securing and incurring 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 Northern Illinois Drywall Contractors. |
| Software ID: | 12000229 |
| Software Version: | 2012v2.0 |