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 B, line 11b | A COPY OF THE FORM IS GIVEN TO THE BOARD FOR APPROVAL BEFORE SIGNING. |
| Form 990, Part VI, Section B, line 12c | PER THE ORGANIZATION'S GOVERNING DOCUMENT (TRUST AGREEMENT), IN NO EVENT MAY THE TRUSTEES OR ANY FIDUCIARY OF THE PLAN ENGAGE IN "PROHIBITED TRANSACTIONS" AS DEFINED BY ERISA. ANY TRANSACTIONS THAT MAY BE POTENTIAL CONFLICTS OF INTEREST OR POTENTIAL PROHIBITED TRANSACTIONS ARE REQUIRED TO BE BROUGHT TO THE ATTENTION OF THE ENTIRE BOARD FOR REVIEW AND DISCUSSION WITH THE ORGANIZATION'S LEGAL COUNSEL. |
| Form 990, Part VI, Section B, line 15 | ALL WAGES FOR INSTRUCTORS ARE BASED ON THE STANDARD JOURNEYMEN RATE IN THE COLLECTIVE BARGAINING AGREEMENT AGREED TO BY THE MEMBERSHIP AND CONTRIBUTING EMPLOYERS OF PAINTERS DISTRICT COUNCIL #14. ALL OTHER EMPLOYEES SALARIES ARE APPROVED BY THE GOVERNING BOARD. |
| Form 990, Part VI, Section C, line 19 | ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANICAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| Form 990, Part XI, line 9: | Transfer of Net Assets from Drywall Finishers JATC per merger agreement 5,996,604. |
| Form 990, Part XII, Line 2c: | Per merger agreement, effective January 31, 2020, the trustees of the Chicago Area Finishers Drywall JATC agreed to merge with Chicago Area Painting and Decorating JATC. A total of $5,996,604 in net assets were transferred to the Chicago Area Painting and Decorating JATC on that date. |
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