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 2 | ALLEN SPEARS, TRUSTEE, HAS A FAMILY RELATIONSHIP WITH ROBERT SPEARS, EXECUTIVE BOARD. ALLEN SPEARS IS THE FATHER OF ROBERT SPEARS. |
| FORM 990, PART VI, SECTION A, LINE 5 | DURING THE FISCAL YEAR, CERTAIN BANK ACCOUNTS OF THE LOCAL WERE COMPROMISED BY AN UNKNOWN THIRD PARTY WHO FRAUDULENTLY REQUESTED THE LOCAL'S BANK, M & T BANK, TO DISBURSE FUNDS FROM THE LOCAL'S BANK ACCOUNTS. THE FRAUD RESULTED IN THE ISSUANCE OF THREE SEPARATE FRAUDULENT DISBURSEMENTS IN THE AMOUNTS OF $5,000, $67,500, AND $9,750, BY M & T BANK FROM NOVEMBER 25, 2022 THROUGH DECEMBER 6, 2022. THIS LOSS OF FUNDS WAS DISCOVERED IN EARLY DECEMBER 2022. OFFICERS OF THE LOCAL TOOK STEPS TO BE REIMBURSED AND THE LOCAL WAS REIMBURSED THE TOTAL AMOUNT OF THE THREE DISBURSEMENTS, $82,250, BY M & T BANK ON DECEMBER 7, 2022 AND DECEMBER 9, 2022. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL NO. 7 CONSISTS OF QUALIFIED MEMBERS AND HONORARY MEMBERS. A QUALIFIED MEMBER OF THE UNION IS A MEMBER IN GOOD STANDING, WHO IS AT LEAST EIGHTEEN YEARS OLD, WITH VOTING RIGHTS. AN HONORARY MEMBERSHIP IS GRANTED TO A MEMBER WHO BY REASON OF HIS/HER ADVANCED AGE OR DISABILITY CAN NO LONGER WORK AT THE TRADE AND DOES NOT HAVE ANY VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S OFFICERS, TRUSTEES, DIRECTORS, AND KEY EMPLOYEES MUST BE ELECTED BY THE MEMBERS AND THE COMPENSATION FOR SUCH INDIVIDUALS IS BASED ON THE CONSTITUTION AND BY-LAWS OF THE INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL NO. 7. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY DECISION TO AMEND THE CONSTITUTION AND BYLAWS AS WELL AS ANY DECISION TO LOAN, DONATE OR GIVE AWAY MONEY FOR ANY PURPOSE ARE SUBJECT TO VOTE BY CORE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY MANAGEMENT OF THE UNION PRIOR TO THE FILING OF THE FORM WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION FOR THE ORGANIZATION'S OFFICERS, TRUSTEES, DIRECTORS, AND KEY EMPLOYEES IS BASED ON THE CONSTITUTION AND BY-LAWS OF THE INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL NO. 7. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOES NOT MAKE AVAILABLE TO THE GENERAL PUBLIC. |
| FORM 990, PART XII, LINE 1 | THE INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL NO. 7 USES THE MODIFIED CASH BASIS AS ITS ACCOUNTING METHOD. |
| FORM 990, PART XII, LINE 2C | THE APPROVAL AND RESPONSIBILITY PROCESSES FOR THE OVERSIGHT OF REVIEWS OF FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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