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 7B | UNION MEMBERS WITH VOTING RIGHTS, WHICH INCLUDE THOSE WHO ARE NOT DESIGNATED AS "INACTIVE", HAVE THE RIGHT TO APPROVE CERTAIN DECISIONS BY THE GOVERNING BODY SUCH AS COMPENSATION POLICIES, MAJOR PURCHASES OR CONTRACT SERVICES IN EXCESS OF 10,000. CHANGES IN BYLAWS, WHICH WOULD EMCOMPASS SUCH ITEMS AS CHANGES TO DUES' STRUCTURE OR INTIATION FEES, ARE ALSO APPROVED BY THE GENERAL MEMBERSHIP. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE EXECUTIVE BOARD OF THE LOACAL UNION. THE FORM WAS REVIEWED INDEPENDENTLY AND DISCUSSED AT THE MONTHLY EXECUTIVE BOARD MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE SECRETARY/TREASURER HAS THE RESPONSIBILITY OF PRESENTING PROPOSED SALARY RECOMMENDATIONS TO THE EXECUTIVE BOARD FOR APPROVAL. COMPENSATION IS BASED UPON THE FORMAL SALARY POLICY ADOPTED BY THE UNION IN 2002. THE POLICY IS NOT APPROVED BY AN INDEPENDENT BODY BUT IS BASED UPON GUIDANCE OF THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS. THE POLICY REQUIRES THAT THE SALARIES ARE BASED UPON A FACTOR OF THE HIGHEST STRAIGHT-TIME HOURLY RATE OF PAY AS PROVIDED FOR IN THE CURRENT COLLECTIVE BARGAINING AGREEMENT BETWEEN AN EMPLOYER AND THE TEAMSTERS LOCAL UNION NO. 570. |
| FORM 990, PAGE 6, PART VI, LINE 15B | ALL REMAINING OFFICERS AND TRUSTEES ARE COMPENSATED BASED UPON THE SAME STRUCTURE AS THE PRESIDENT AND SECRETARY. ALL OFFICERS ARE ALSO BUSINESS AGENTS OR ORGANIZERS. ASSISTANT BUSINESS AGENTS' SALARIES ARE LIMITED TO 80% OF A BUSINESS AGENTS' SALARY; AND ORGANIZER SALARIES ARE LIMITED TO 70% OF A BUSINESS AGENT'S SALARY. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE UNION WILL MAKE THE AUDITED FINANCIAL STATEMENT AVAILABLE UPON REQUEST. THE FORM LM-2 IS AVAILABLE VIA PUBLIC DOMAIN THROUGH THE DEPARTMENT OF LABOR. |
| FORM 990, PART XI, LINE 9 | PURCHASE OF FIXED ASSETS -1,259 DEPRECIATION 8,344 |
| FORM 990, PART XI, LINE 9 | INCREASE IN CASH SAVINGS - INTEREST 722 REINVESTED EARNINGS - INVESTMENTS 19,061 INCREASE IN DUES & INTEREST RECEIVABLE 21,547 INCREASE IN PREPAID EXPENSES 472 PURCHASE OF FIXED ASSETS 1,260 UNREALIZED LOSS ON INVESTMENTS 12,389 INCREASE IN LIABILITIES 55,392 DEPRECIATION 8,344 |
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