| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | LINE 6 EXPLANATION - THE MEMBERSHIP CONSISTS OF THE FOLLOWING CATEGORIES: ACTIVE MEMBERS, SERVICE FEE PAYERS, ELECTED OFFICERS, STEWARDS AND ALTERNATE STEWARDS. |
| FORM 990, PART VI, SECTION A, LINE 7A | LINE 7A EXPLANATION - THE EXECUTIVE BOARD OF THE LOCAL UNION 705 IS ELECTED BY ITS MEMBERS. THE BOARD IS AUTHORIZED AND EMPOWERED TO CONDUCT AND MANAGE THE AFFAIRS OF THE ORGANIZATION, AND TO MANAGE, INVEST, EXPEND, CONTRIBUTE, USE, BORROW, LEND AND ACQUIRE LOCAL UNION FUNDS AND PROPERTY IN THE PURSUIT OF ACCOMPLISHMENT OF THE OBJECTIVES SET FORTH IN THE CONSTITUTION OF THE INTERNATIONAL UNION AND THESE BYLAWS AND RESOLUTIONS ADOPTED IN FURTHERANCE THEREOF. |
| FORM 990, PART VI, SECTION A, LINE 7B | LINE 7B EXPLANATION - A MAJORITY VOTE BY SECRET BALLOT OF THE MEMBERS IN GOOD STANDING DECIDES WHETHER TO INCREASE THE RATE OF DUES OR INITIATION FEES OR WHETHER TO LEVY SPECIAL ASSESSMENTS. |
| FORM 990, PART VI, SECTION B, LINE 11B | LINE 11A EXPLANATION - THE EXECUTIVE BOARD MEETS, REVIEWS AND APPROVES THE FORM 990 BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE EXECUTIVE BOARD MONITORS CONFLICT OF INTEREST ISSUES THROUGH MONTHLY MEETINGS AND REGULAR COMMUNICATIONS TO EMPLOYEES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE BOARD REVIEWS AND APPROVES OFFICERS' COMPENSATION AT BOARD MEETINGS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DISCLOSES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ON FORM LM-2 FILED WITH THE U.S. DEPARTMENT OF LABOR. FORM LM-2 IS A PUBLIC DOCUMENT AND CAN BE ACCESSED THROUGH THE U.S. DEPARTMENT OF LABOR WEBSITE. |
| FORM 990, PART XI, LINE 9: | ADJ FOR GAIN/LOSS OF SALE ASSETS -47,722. |
| FORM 990, PART XII, LINE 1, OTHER ACCOUNTING METHOD: | MODIFIED CASH BASIS |
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