The Moles

“Membership is comprised of individuals now or formerly engaged in the construction of tunnel, subway, sewer, foundation, marine, subaqueous or other heavy construction projects. The number of active members shall not exceed 550 and should not be fewer than 450.”

“A member in good standing can nominate another member to the organization's governing body. The nominee must receive a majority vote of the members present at the last regular executive committee meeting to be appointed to the governing body.”

“The management of the organization is vested with the executive committee subject to the mandate of the membership expressed by the resolution at any duly called meeting of the organization.”

“A draft copy of the tax return is prepared, reviewed and discussed with the executive director, who in turn advises the executive committee of the results. Upon notification and acceptance of the draft copy of the tax return, the tax preparer finalizes the tax return and files form 990 with the irs.”

“All documents are made available for public inspection by contacting the executive director and scheduling an appointment.”

“The Moles Scholarship Fund In April 1996, The Moles established The Moles Scholarship Fund ("The Fund"). The Fund is held and administered within Community Funds, Inc., the 501 (c) (3) not-for-profit corporation of the New York Community Trust. The purpose of The Fund is to provide scholarships for deserving students studying civil engineering at various educational institutions. The Moles makes an annual contribution to the scholarship fund, based upon a net income calculation for the Agency. For the year ended April 30, 2016, $150,000 was donated by the Agency to the Fund. Annual recommendations for scholarships from The Fund are made via an advisory committee made up of The Moles members. Ultimate approval of those disbursements is made via the Board of Directors of Community Funds, Inc. as fund disbursements are made in accordance with their spending policies. Contributions to The Fund by The Moles, Moles members, and other donors can only be used for scholarship grants. The Moles do not have the right to access the money within The Fund, and therefore these assets are not included on The Moles statement of net assets.”