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, PAGE 6, PART VI, LINE 11B | FORM 990 IS REVIEWED AND APPROVED BY THE ENTIRE BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE BOARD OF DIRECTORS CONSIDERS ALL RELEVANT FACTORS, INCLUDING COMPARABILITY DATA, BEFOE DECIDING ON COMPENSATION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII | LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. |
| FORM 990, PAGE 12, PART XII, LINE 1 | DURING THE YEAR ENDED JUNE 30, 2014, THE UNION ELECTED TO CHANGE ITS METHOD OF PRESENTING ITS FINANCIAL STATEMENTS FROM THE CASH BASIS OF ACCOUNTING TO THE MODIFIED CASH BASIS. THE NEW METHOD OF ACCOUNTING WAS ADOPTED IN ORDER TO MORE COMPLETELY PRESENT THE FINANCIAL POSITION OF THE UNION. COMPARATIVE FINANCIAL STATEMENTS OF PRIOR PERIODS HAVE BEEN ADJUSTED TO APPLY THE NEW METHOD RETROSPECTIVELY. AS A RESULT OF THE CHANGE IN BASIS OF ACCOUNTING, THE PRESENTATION OF FINANCIAL INFORMATION AS OF JUNE 30, 2013 AND FOR THE PERIOD FROM MAY 1, 2013 (DATE OF INCEPTION) TO JUNE 30, 2013 DIFFERS FROM THE PRESENTATION ORIGINALLY REPORTED. INVESTMENTS AND NET ASSETS ARE RECOGNIZED IN THE FINANCIAL STATEMENTS AND THE 250,100 START UP CONTRIBUTION FROM THE IN/KY/OH REGIONAL COUNCIL OF CARPENTERS IS RECOGNIZED AS A CONTRIBUTION OF NET ASSETS INSTEAD OF A CASH RECEIPT. |
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