| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS REVIEWED BY THE SECRETARY/TREASURER OF THE MINNESOTA AFL-CIO, A RELATED PARTY. THAT PERSON IS ONE OF THE TWO DIRECTORS OF THIS BUILIDING CORPORATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS SUCH AS CONFLICT OF INTEREST AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 2 | THE ORGANIZATION MAINTAINS ITS ACCOUNTING RECORDS ON THE MODIFIED CASH BASIS WHICH VARIES FROM ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA IN THE FOLLOWING RESPECTS: -INCOME SUCH AS PER CAPITA TAXES, SOLIDARITY FUNDING, STAFFING FUNDING, INVESTMENT INCOME ETC, IS NOT RECOGNIZED UNTIL CASH HAS BEEN COLLECTED. -COSTS AND EXPENSES FOR ITEMS SUCH AS PERSONNEL COSTS, AREA LABOR COUNCIL DISBURSEMENTS, PAC DONATIONS, OFFICE EXPENSES ETC, ARE NOT RECOGNIZED UNTIL CASH HAS BEEN DISBURSED. -ASSETS AND LIABILITIES ARE NOT RECORDED WITH THE EXCEPTION OF THOSE RESULTING FROM CASH TRANSACTIONS. PROPERTY AND EQUIPMENT HAVE BEEN RECORDED AT COST LESS ACCUMULATED DEPRECIATION AS WELL AS THE RELATED DEBT. CREDIT CARD PAYABLES HAVE BEEN RECORDED AS IF THE TRANSACTIONS WERE PAID BY CASH. PAYROLL WITHHOLDING LIABILITIES ARE RECORDED BASED ON WHAT WAS OWED AS OF YEAR END. |
| FORM 990, PART XII, LINE 2 | NO CHANGE FROM PRIOR YEAR. |
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