Cement League Advancement and Promotion

“The organization distributes a copy of the irs form 990 to its board members for review and approval.”

“Although there is no written policy in place, the board monitors all arrangements and enforces a full disclosure policy of any conflict of interest.”

“The organization makes all such documents available on an as-needed basis upon request.”

“The organization's governing documents, conflict of interest policy and financial records are available at its office upon request.”

“A trustee of the cement league advancement and promotion fund is also a trustee of three separate union benefit funds. The cement league advancement and promotion fund has an obligation to have qualified management trustees sitting on the various union benefit funds and this trustee fills that requirement. Since this trustee is ineligible to be directly compensated for his services by the three union benefit funds, the cement league advancement and promotion fund has agreed to pay him a reasonable fee for the services he renders to each of these three benefit funds. In his capacity as a trustee for the three union benefit funds, the trustee is acting as an independent contractor and since the cement league advancement and promotion fund made payments to the this trustee his services the cement league advancement and promotion fund issued a 1099-nec for his services. During the fiscal year ended june 30, 2025, the cement league advancement and promotion fund paid this trustee $105,486 which is included in part ix, statement of functional expenses, line 11-g "other". This trustee was issued a 1099-nec reporting $105,578 for the amounts paid to him in the 2024 calendar year. In part vii, compensation of officers, directors, trustees, key employees, highest compensated employees and independent contractors, $-0- was reported for this trustee in column d.”