Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| PART VI, SECTION A, LINE 1 - GENERAL EXECUTIVE BOARD: | THE GENERAL EXECUTIVE BOARD SHALL CONSIST OF THE GENERAL PRESIDENT, GENERAL SECRETARY, AND A GENERAL OFFICER TO BE SELECTED FROM TIME TO TIME (AS A TEMPORARY MEMBER OF THE GENERAL EXECUTIVE BOARD) BY THE GENERAL PRESIDENT. THE GENERAL EXECUTIVE BOARD IS ENTRUSTED TO MAKE THE DAY-TO-DAY DECISIONS AS PROVIDED BY THE INTERNATIONAL ASSOCIATION'S CONSTITUTION. DECISIONS OF THE GENERAL EXECUTIVE BOARD MAY BE APPEALED TO THE GENERAL EXECUTIVE COUNCIL (THE GOVERNING BODY OF THE INTERNATIONAL ASSOCIATION) WITHIN ONE YEAR FROM THE DATE THE GENERAL EXECUTIVE BOARD MADE ITS DECISION. |
| PART VI, SECTION A, LINE 6 - MEMBERS OF ORGANIZATION: | THIS ORGANIZATION SHALL CONSIST OF AN UNLIMITED NUMBER OF BRIDGE, STRUCTURAL, ORNAMENTAL, REINFORCED CONCRETE IRON WORKERS', MACHINERY MOVERS', STONE DERRICK, SHOP AND NAVY YARD RIGGERSREGIONAL LOCAL UNIONS, AND THE VARIOUS MEMBERS THEREOF, VERSED IN THE DUTIES OF SOME BRANCH OF THE TRADE AS SET FORTH, OF GOOD MORAL CHARACTER AND COMPETENT TO DEMAND STANDARD WAGES. |
| PART VI, SECTION A, LINE 7A - ELECTION OF OFFICERS: | The officers of this International Association shall consist of a General President, twelve (12) General Vice Presidents, a General Secretary and a General Treasurer, not more than one of whom shall be from any one Local Union, to be elected from among the delegates by the regular Convention, and shall hold their offices until their successors are duly elected and qualified. |
| PART VI, SECTION B, LINE 11B - REVIEW PROCESS OF FORM 990: | THE FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO SIGNATURE AND SUBMISSION TO THE INTERNAL REVENUE SERVICE. |
| PART VI, SECTION B. LINE 12C - conflict of interest policy compliance: | ANY OFFICER, EMPLOYEE, OR MEMBER OF A COMMITTEE with a financial interest, or who thinks that he or she is in circumstances that might lead to a conflict of interest, must disclose the interest or circumstances immediately to the General Executive Board (GEB) (or a Conflict of Interest Committee appointed by the GEB (Committee)). In the event immediate disclosure is not possible, then disclosure must be done annually. |
| PART VI,SECTION B, LINES 15A & 15B - PROCESS FOR DETERMINING COMPENSATION: | THE SALARIES OF THE OFFICERS ARE WRITTEN IN THE CONSTITUTION (WHICH CAN BE AMENDED UPON A 3/4 APPROVAL OF THE REGULAR CONVENTION DELEGATES) FOR EACH JANUARY 1ST AFTER, THE INCREASE IN EACH OFFICERS SALARIES SHALL BE BASED ON THE AVERAGE INCREASE NEGOTIATED FOR IRONWORKERS IN THE UNITED STATES AND CANADA. THE SALARIES WERE LAST APPROVED BY THE MEMBERSHIP IN 2016. |
| PART VI, SECTION C, LINE 19 - availability of documents, policies & f/s: | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| PART VII, SECTION A, COLUMN F - AMOUNT OF OTHER COMPENSATION: | $1,095,604 REPRESENTS THE AMOUNT CALCULATED BY THE PLAN ACTUARY AS TO THE INCREASE IN ACTUARIAL VALUE IN DEFINED BENEFITS. THIS AMOUNT REPORTED DOES NOT CONSTITUTE ACTUAL OUTLAYS OF COMPENSATION TO THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES. |
| PART XI, LINE 9 - OTHER CHANGES IN NET ASSSETS: | ($827,974) LOSS RECOGNIZED UNDER THE EQUITY METHOD OF ACCOUNTING $111,331 FINANCIAL STATEMENTS RELEASED AFTER FY2022 FORM 990 FILING ------------ ($716,643) NET OTHER CHANGES IN NET ASSETS |
| PART XII, LINE 1 - METHOD OF ACCOUNTING: | The financial statements have been prepared using the modified cash basis of accounting, a basis of accounting other than accounting principles generally accepted in the United States of America ("U.S. GAAP"). Generally, revenue is recognized when received rather than when earned and expenses are recorded when paid rather than when the obligation is incurred. However, the investment in United Unions, Inc. ("UUI") is accounted for using the equity method, fixed assets are capitalized and depreciated, transactions as a result of payroll processing are accrued, amounts collected on behalf of related entities are accrued and loans are recorded as liabilities. With the exception of UUI, as noted above, investments are carried at cost. Leases are also not capitalized in accordance with Accounting Standards Codification Topic 842, Leases ("ASC 842"). The consolidated financial statements are not intended to present the Association's financial position and activities in conformity with U.S. GAAP. |
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