Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Pt VI, Line 7a | Board members elect the Board of Industry Advancement Trust Fund. All revenues of the Industry Fund as "membership dues" are actually Iron Industry member firm contributions per hour under the terms of the collective bargaining agreement established between the Ironworkers Local #63 and the Iron League of Chicago. Thus Schedule C, Part III-A is reported as 90% of dues as nondeductible by the Local Union, a nonprofit entity. |
| Line VI, Line 11b | The Board of Directors review the Form 990 prior to filing the return. Annual statement is signed by each Board Member regarding compliance with the written Conflict of Interest Policy. |
| Pt VI, Line 3 | The Board has delegated the daily activites to the executive director. |
| Pt VI, Line 19 | The Board provides documentation upon request. |
| Pt VI, Line 12c | The Board of Directors formally reviews budgeted expense against actual operating results as well as performance review in determining current compensation. |
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