Laborers' International Union

“In addition to its voting members, the governing body consists of three auditors and a sergeant-at-arms, which are elected positions without voting rights.”

“The union is a membership organization, made up of approximately 3,200 individuals. Members elect the executive board and approve all decisions made by executive board that affect the union.”

“The union's membership elects executive board members to four-year terms. Any vacancies that occur in the interim shall be filled by an appointment of the executive board.”

“The membership approves all the activities of the union at its monthly membership meetings.”

“The organization has no committees with authority to act on behalf of the executive board.”

“The organization's form 990 is reviewed by its business manager prior to filing the return.”

“The written conflict of interest policy is included in the liuna policies. Any member or employee of the organization can contact the liuna (an affiliated organization also governed by the constitution) general president with any complaint arising under the constitution, the liuna policies, or any other disciplinary rule, regulation, practice, or procedure adopted by the liuna general executive board. The liuna policies explains the disciplinary procedure that must be followed when necessary and the independent officers who are entrusted to enforce the liuna policies. The us department of labor requires all non-clerical employees to report on form lm-30 potential situations where there may be conflicts of interest. This information is open to the public.”

“The constitution (governing document) and liuna policies (conflict of interest policy) are available through the united states department of labor, olms, an online public disclosure room. The information is filed under laborers' international union of north america, which files the information on behalf of all affiliated organizations. In addition, our organization files an annual financial report with the department of labor which can also be obtained on the online public disclosure room.”

“Change in real estate investment valuation -4,879 increase in c/s/v of life insurance policy 107 total -4,772 the union is a fifty percent shareholder in 226 south main street title holding co., inc. Gains and losses in the investment are recorded annually using the equity method of accounting. The union owns a life insurance policy on its secretary treasurer / business manager having a cash surrender value. The annual change in the cash surrender value is recorded as an increases (decrease) in the current year.”

“Page 12 - part xii - line 1: accounting method the union prepares its form 990 on the modified cash basis which is an other comprehensive basis of accounting.”