Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 5 | IN 2018 MIBTF'S PAYROLL SERVICE ACCOUNT WAS HACKED BY AN UNKNOWN SOURCE VIA EMAIL, WHICH RESULTED IN A LOSS OF $18,928. THE PAYROLL SERVICE AUTHORIZED A PAYMENT TO AN UNKNOWN SOURCE WITHOUT APPROVAL FROM MIBTF EXECUTIVE DIRECTOR. AS A RESULT, ARBITRATION WAS INITIATED. AS OF 2019, MIBTF IS STILL CURRENTLY IN LITIGATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS WHO PAY DUES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD MEMBERS ARE PRESIDENTS OF THE MEMBER COMPANIES AND THEY ELECT AN EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS REVIEWED BY ALL MEMBERS OF THE GOVERNING BOARD AT THE ANNUAL MEETING OF THE GOVERNING BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS APPROVES THE EXECUTIVE DIRECTOR'S SALARY EACH YEAR AT THE ANNUAL BOARD MEETING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONSULTANT 110,500. |
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