Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART X, LINE 5 | BUSINESS MANAGER, HERMAN ADAMS, EXECUTED A PERSONAL BANK TRANSACTION AT THE SAME FINANCIAL INSTITUTION WHERE THE LOCAL'S CHECKING ACCOUNT WAS LOCATED. BANK TELLER IMPROPERLY WITHDREW FUNDS FOR THE BUSINESS MANAGERS PERSONAL USE FROM THE LOCAL'S CHECKING ACCOUNT AND NOT THE BUSINESS MANAGER'S PERSONAL CHECKING ACCOUNT. THE FINANCIAL INSTITUTION IN ERROR SENT A LETTER INDICATING THEIR ERROR. BUSINESS MANAGER DISCOVERED THE FINANCIAL TRANSACTION PROBLEM WHILE RECONCILING THE JULY, 2013 CHECKING ACCOUNT OF THE LOCAL. THE BUSINESS MANAGER IMMEDIATELY CORRECTED THE ERRONEOUS BANK TRANSACTION AND DEPOSITED FUNDS FROM THE BUSINESS MANAGER'S PERSONAL CHECKING ACCOUNT INTO THE LOCAL'S CHECKING ACCOUNT ON JULY 16, 2013 FOR THE AMOUNT OF THE ORIGINAL TRANSACTION BACK ON JUNE 17, 2013. | |
| Form 990, Part VI, Line 19 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | UPON REQUEST BY ANY PARTY, THE LOCAL IS REQUIRED BY FEDERAL LAW TO MAKE A COPY OF THE FILED TAX RETURNS AVAILABLE. AT EACH MONTHLY UNION MEETING A COPY OF THE INTERNATIONAL CONSTITUTION IS AVAILABLE FOR ANY MEMBER TO REVEIW AND QUESTION. ALL FINANCIAL RECORDS FOR EACH MONTHS ACTIVITY ARE PRESENTED TO THE EXECUTIVE COMMITTEE FOR THEIR APPROVAL AND REVIEW AT EACH MONTHS UNION MEETINGS. |
| Form 990, Part VI, Line 11b | Form 990, Part VI, Line 11b: Form 990 Review Process | THE OFFICERS RETAIN THE SERVICES OF AN INDEPENDENT PUBLIC ACCOUNTING FIRM TO PREPARE THE ANNUAL IRS FORM 990. THIS FIRM WILL PROVIDE A COPY OF THE COMPLETED FORM 990 TO THE FINANCIAL SECRETARY AND THE UNION PRESIDENT WHO WILL REVIEW THE RETURN ON BEHALF OF THE ELECTED OFFICERS AND MEMBERSHIP. |
| Form 990, Part VI, Line 7a | Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | ONCE EVERY THREE YEARS THE MEMBERS OF IRON WORKERS LOCAL 623, FID # 72-0318078, ELECT BY DEMOCRATIC ELECTION, OFFICERS TO REPRESENT THE MEMBERSHIP. |
| Form 990, Part VI, Line 6 | Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | THE ELIGIBLE MEMBERS OF IRONWORKERS LOCAL # 623, FID # 72-0318078, ARE THE OWNERS/MEMBERSHIP OF THIS ENTITY. |
| Software ID: | 12000229 |
| Software Version: | 2012v2.0 |