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 1 | THE MANAGEMENT COMMITTEE CONSISTS OF THE PRESIDENT/SECRETARY-TREASURER, EXECUTIVE VICE PRESIDENT, AND VICE PRESIDENTS. THE PRIMARY PURPOSE OF THE MANAGEMENT COMMITTEE IS TO ASSIST THE MANAGEMENT IN MAKING DECISIONS FOR THE FULL BOARD WHEN IT IS NOT PRACTICAL FOR THE FULL BOARD TO MEET. |
| FORM 990, PART VI, SECTION A, LINE 6 | ALL LOCAL UNION MEMBERS IN GOOD STANDING ARE CONSIDERED MEMBERS AND HAVE EQUAL VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS HAVE THE POWER TO ELECT THE EXECUTIVE BOARD OF THE UNION. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY ISSUES IMPACTING THE GOVERNING DOCUMENTS OF THE UNION REQUIRE THE APPROVAL, BY A 2/3 MAJORITY VOTE, OF THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE MANAGEMENT COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE PRESIDENT AND OTHER MANAGEMENT POSITIONS IS BASED ON THE APPROVED UNION'S WAGE RATE PACKAGE WHICH IS ALSO APPROVED BY THE MEMBERSHIP. WAGE RATES ARE BASED ON COLLECTIVELY BARGAINED AGREEMENTS WITH CONTRACTORS AND GENERALLY COVER SEVERAL YEARS. THE NEGOTIATION PROCESS INCLUDES REVIEW OF INDEPENDENT MARKET DATA. THE PROCESS INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION IN MAY 2020. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 1 | THE UNION MAINTAINS ITS FINANCIAL RECORDS ON THE MODIFIED CASH BASIS, WHICH VARIES FROM GENERALLY ACCEPTED ACCOUNTING PRACTICES IN THE FOLLOWING SIGNIFICANT RESPECTS: 1. REVENUES SUCH AS DUES, INTEREST,ETC., ARE NOT RECOGNIZED UNTIL CASH HAS BEEN COLLECTED. 2. COSTS AND EXPENSES, SUCH AS PER CAPITA TAX, PAYROLL, SUPPLIES, TAXES, ETC., ARE NOT RECORDED UNTIL CASH HAS BEEN DISBURSED. HOWEVER, GRANTS APPROVED RELATING TO MARKET RECOVERY ACTIVITIES ARE EXPENSED WHEN THE GRANT IS AWARDED. 3. ASSETS (OTHER THAN CASH, INVESTMENTS, AND RELATED PARTY RECEIVABLES AND PAYABLES) AND LIABILITIES ARE NOT RECORDED EXCEPT WITH RESPECT TO THE RECOGNITION OF PROPERTY AND EQUIPMENT, LIABILITIES RELATED TO GRANTS APPROVED BUT NOT YET PAID AND AMOUNTS HELD FOR THE BENEFIT OF OTHERS. |
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