Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| SCHEDULE R, PART II, ITEM A, 2 | Officers of the LOCAL represent the training fund as Trustees. Because the officers represent 50 % of the voting members of the training fund, a relationship exists that is deemed a related party. No transactions occurred with the training fund and the reporting entity that are required to be reported on Schedule R for the fiscal year ending June 30, 2015. However, for full disclosure purposes, this relationship that exits must be reported. |
| FORM 990, PART VI, LINE 6 - EXPLANATION OF CLASSES OF MEMBERS OR SHAREHOLD | THE ELIGIBLE MEMBERS OF IRONWORKERS LOCAL # 623, FID # 72-0318078, ARE THE OWNERS/MEMBERSHIP OF THIS ENTITY. |
| 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. |
| PART VI, LINE 7B-DECISIONS OF GOVERNING BODY APPROVAL BY MEMBERS OR SHAREH | SPECIFIC EVENTS REQUIRE APPROVAL OF THE MEMBERSHIP ON A MONTHLY BASIS AT UNION MEETINGS. PAYMENT OF BILLS THE LOCAL UNION INCURRS MADE AND MAJOR PURCHASES TO BE MADE ALL MUST BE APPROVED BY THE MEMBERSHIP. OTHER ISSUES AUTHORIZED BY THE CONSTITUTION AND BY THE BYLAWS REQUIRE ACTION BY THE UNION MEMBERSHIP AS A WHOLE AND NOT BY THE ELECTED OFFICERS. |
| 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. |
| PART VI, LINE 19 - OTHER ORGANIZATION DOCUMENTS PUBLICY 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. |
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