Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | THE ELIGIBLE MEMBERS OF IRONWORKERS LOCAL # 58, FID # 72-0219814, ARE THE OWNERS/MEMBERSHIP OF THIS ENTITY. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | ONCE EVERY THREE YEARS THE MEMBERS OF IRON WORKERS LOCAL 58, FID # 72-0219814, ELECT BY DEMOCRATIC ELECTION, OFFICERS TO REPRESENT THE MEMBERSHIP. |
| 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 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. |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | EQUITY DISTRIBUTION TO IW 58 VACATION FUND = -$70630 |
| PART IX; LINE 4 and SCH N; PART II | PERSUANT TO COLLECTIVE BARGAINING AGREEMENT MEMEBERS OF THE LOCAL HAVE ONE DOLLAR PER HOUR WORKED WITHELD FROM THEIR PAYCHECK AND REMITTED TO THE LOCAL. THIS MONEY IS USED FOR A FORCED ANNUAL SAVINGS ACCOUNT FOR THE BENEFIT FOR EACH MEMBER PARTICIPATING. AN ANNUAL DISTRIBUTION OF EACH MEMBERS ACCUMULATED FUNDS OCCURS IN NOVEMBER OF EACH FISCAL YEAR. NO INTEREST IS PAID TO ANY MEMBER FOR THE ACCUMULATION OF SAVINGS THAT OCCURS. THE DOLLARS REMITTED ON BEHALF OF EACH MEMBER ARE AFTER TAX CONTRIBUTIONS FROM EACH EMPLOYEES WAGES. ACCORDINGLY, NO 1099-MISC REPORTING IS REQUIRED FOR ANY OF THESE DISTRIBUTIONS. |
| Software ID: | 13000170 |
| Software Version: | 2013v3.1 |