Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| PART III, LINE 1 - ORGANIZATION MISSION: | THE REGIONAL DISTRICT COUNCIL TRAINING TRUST WAS ESTABLISHED BY AN AGREEMENT AMONG PARTICIPATING EMPLOYERS AND THE INTERNATIONAL ASSOCIATION OF BRIDGE, STRUCTURAL, ORNAMENTAL AND REINFORCING IRON WORKERS, LOCAL 846. THE ORGANIZATION IS THE FUNDING TRUST FOR A JOINT APPRENTICESHIP, TRAINING, AND EDUCATION PLAN, ESTABLISHED UNDER SEC. 302(C) OF THE LABOR MANAGEMENT RELATIONS ACT OF 1974. |
| PART VI, SECTION A, LINE 2 - BUSINESS RELATIONSHIP: | TRUSTEES BERNARD EVERS AND MICHAEL RELYIN SERVE AS 3RD VICE PRESIDENT AND GENERAL ORGANIZER FOR INTERNATIONAL ASSOCIATION OF BRIDGE, STRUCTURAL, ORNAMENTAL AND REINFORCING IRON WORKERS, RESPECTIVELY. |
| PART VI, SECTION A, PART 7A - APPOINTMENT TO BOARD OF TRUSTEES: | THE TRUST SHALL CONSIST OF EIGHT (8) TRUSTEES, FOUR (4) OF WHOM SHALL BE APPOINTED BY THE GENERAL PRESIDENT OF THE IRON WORKERS INTERNATIONAL UNION AND FOUR (4) OF WHOM SHALL BE APPOINTED AMONG THE EMPLOYERS UNDER THE COLLECTIVE BARGAINING AGREEMENT WITH LOCAL 846. |
| PART VI, SECTION A, LINE 8B - OTHER COMMITTEES: | NO OTHER COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD EXIST IN THE ORGANZIATION. |
| PART VI, SECTION B, LINE 11B - REVIEW OF FORM 990: | THE FORM 990 IS REVIEWED BY THE PRESIDENT AND RECORDING SECRETARY UPON RECEIPT FROM THE INDEPENDENT ACCOUNTANTS. |
| PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST POLICY: | THE CONFLICT OF INTEREST POLICY IS DESIGNATED TO COVER ALL DIRECTORS, OFFICERS OR MEMBERS OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. ========================================================================= PROCEDURES: ----------- 1. Duty to Disclose. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. 2. Determining Whether a Conflict of Interest Exists. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. 3. Procedures for Addressing the Conflict of Interest a) An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. b) The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. c) After exercising due diligence, the governing board or committee shall determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d) If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. ANNUAL STATEMENTS: ------------------ EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. |
| PART VI, SECTION C, LINE 19-AVAILABILITY OF DOCUMENTS & F/S: | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY NOR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| PART IX, LINE 1 - METHOD OF ACCOUNTING - MODIFIED CASH BASIS: | The financial statements are prepared using the modified cash basis of accounting. Under this method, revenue is generally recognized when received rather than when earned and expenses are generally recognized when paid rather than when the obligation is incurred, except for reporting investments at fair value, the capitalization and depreciation of property and equipment, and accruals arising from payroll withholdings. |
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