Unite Here Local 26 Hotel Worker'S Union

“All officers and executive board members are elected to their respective positions by the general membership of unite here local 26. These general elections are held every three (3) years unless a special election is agreed to by the general membership. All salaries, wages, compensation or expense allowances for officers, employees and delegates of the union shall be recommended by the executive board and shall be subject to approval or ratification by majority vote of the membership present at a regular or special meeting.”

“All officers and executive board members are elected to their respective positions by the general membership of unite here local 26. These general elections are held every three (3) years unless a special election is agreed to by the general membership. All salaries, wages, compensation or expense allowances for officers, employees and delegates of the union shall be recommended by the executive board and shall be subject to approval or ratification by majority vote of the membership present at a regular or special meeting.”

“All officers and executive board members are elected to their respective positions by the general membership of unite here local 26. These general elections are held every three (3) years unless a special election is agreed to by the general membership. All salaries, wages, compensation or expense allowances for officers, employees and delegates of the union shall be recommended by the executive board and shall be subject to approval or ratification by majority vote of the membership present at a regular or special meeting.”

“The executive board of unite here local 26 meets on a monthly basis to review the financial activity of the local union and to discuss matters relative to the general membership. The treasurer reports to the general membership of the local union on a regular basis the financial status of the local as required by the local union's by-laws and the international constitution. The local union makes available to its general membership, upon request for review, any governing document or policy as requested by its by-laws, the department of labor and the internal revenue service.”

“The local union makes available to its general membership, upon request for review, any governing document or policy as required by its by-laws, the department of labor and the internal revenue service.”

“The board of trustees assumes responsibility for oversight of the audit and selection of an independent accountant.”

“On January 30, 2020, the World Health Organization ("WHO") announced a global health emergency because of a new strain of coronavirus (the "COVID-19 outbreak") and the risks to the international community as the virus spreads globally. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as the date of this report. As such, it is uncertain as to the full magnitude that the pandemic will have on the Local's financial condition, liquidity, and future results of operations. Management is actively monitoring the global situation on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Local is not able to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for fiscal year 2021. On March 27, 2020, the "Coronavirus Aid, Relief, and Economic Security Act ("CARES Act")" was signed into law. The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations, increased limitations on qualified charitable contributions, and technical corrections to tax depreciation methods for qualified improvement property. It also appropriated funds for the Small Business Administration PPP loans that are forgivable in certain situations to promote continued employment, as well as Economic Injury Disaster Loans to provide liquidity to small businesses harmed by COVID-19. On March 12, 2021, the American Rescue Plan Act ("ARPA") was signed into law. ARPA, among other things, includes provisions expanding eligibility for nonprofit organizations, including the Local, to obtain PPP loans. In April 2021, the Local applied for and received approximately $542,000 and is currently determining how much, if any, of the loan will be forgiven. The Local continues to examine the impact that the CARES Act and ARPA may have on its operations. Currently, the Local is unable to determine the full impact that the CARES Act and ARPA will have on its financial condition, results of operations, or liquidity.”