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 7A | THE MINNESOTA MECHANICAL CONTRACTORS ASSOCIATION, INC. AND THE LOCAL UNION NO. 539 OF MINNEAPOLIS APPOINT THE TRUSTEES. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES IN CONJUNCTION WITH THE REVIEW OF THE ANNUAL AUDIT. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE POLICY IS DISCUSSED ANNUALLY BY THE BOARD OF TRUSTEES TO ENSURE THE TRUSTEES UNDERSTAND THE CONFLICT OF INTEREST POLICY AND UNDERSTANDS THE FUND IS A TAX-EXEMPT ORGANIZATION THAT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. THE BOARD OF TRUSTEES (EXCEPT THOSE TRUSTEES WITH A POTENTIAL CONFLICT) DECIDES WHETHER A CONFLICT EXISTS. THE BOARD OF TRUSTEES IS RESPONSIBLE FOR MONITORING ITSELF AND OFFICERS FOR POTENTIAL CONFLICTS BY AGREEING TO THE CONFLICT OF INTEREST POLICY ANNUALLY. IF AN OFFICER OR TRUSTEE HAS A CONFLICT, THE DISINTERESTED TRUSTEES WILL DETERMINE THE APPROPRIATE COURSE OF ACTION. IF A TRUSTEE HAS A CONFLICT, THEY DO NOT PARTICIPATE IN THE VOTE FOR THE TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION IS REVIEWED BY THE BOARD OF TRUSTEES ANNUALLY. AS PART OF THIS PROCESS, THE BOARD UTILIZES LOCAL COLLECTIVE BARGAINING AGREEMENTS FOR WAGE AND BENEFIT GUIDANCE AND RELIES UPON THIS DATA. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XII, LINE 1 ACCOUNTING METHOD | THE FUND USES THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS ANOTHER COMPREHENSIVE BASIS OF ACCOUNTING. |
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