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 3,329 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 code of best practices that is part of the constitution by which our organization is governed. 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 code of best practices, or any other disciplinary rule, regulation, practice, or procedure adopted by the liuna general executive board. The code of best practices explains the disciplinary procedure that must be followed when necessary and the independent officers who are entrusted to enforce the code.”

“The constitution (governing document) and code of best practices (conflict of interest policy) is 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, who files the information on behalf of all affiliated organizations.”

“Change in real estate investment valuation 22,004 increase in c/s/v of life insurance policy 1,246 total 23,250 the union is a fifty percent shareholder in 226 title holding company, 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 business manager with a cash value. The changes in the cash surrender value are recorded as increases (decreases) 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.”