Iron Workers District Council of Western Ny & Vicinity Welfare Plan

“Scott gardner 650 trabold road rochester, ny 14624 scott brydges 412 39th street niagara falls, ny 14303 kelly gilligan 7819 state routes 5 & 20 bloomfield, ny 14469 thomas p. Thomas 10 main street, suite 100 whitesboro, ny 13492 h.l. Stephenson 8 king road churchville, ny 14428 tom dickey 5285 upper mt. Road lockport, ny 14094”

“Form 990 is circulated to all board of trustees via e-mail. Confirmation of approval is received prior to filing the form.”

“The fund regularly and consistently monitors and enforces compliance with the conflict of interest policy by requesting that an annual acknowledgement form be signed and submitted by each trustee. If any potential conflicts are disclosed, the trustees will determine whether further facts and follow-up questions are necessary to determine if a conflict of interest exists. In addition, on an annual basis, management reminds each individual who is subject to the policy of the need to avoid any business conflicts with the fund and to divulge immediately any matter which may give rise to a conflict.”

“The board of trsutees reviews and approves the compensation package for the administrative manager and support staff. The fund pays the full salary and benefits for the administrative manager and support staff. Such compensation is allocated to affiliated funds under a cost sharing agreement.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“Subsequent to june 30, 2019 and after form 990 was filed for 2018 it was determined that the calculation of shared cost expense charged by the plan to related entities excluded the cost of a benefit offered to shared employees of the plan going back to the year ended june 30, 2003. Form 990 for year ended june 30, 2019 is being amended to include the adjustment to the activity in the current fiscal year, as well as to record a prior period adjustment for the cumulative effect of the additional amounts charged to the affiliated entities for years ended june 30, 2018 and prior. The adjustments include additional shared costs receivable and interest on the shared costs receivable.”

“Reimbursed administrative expenses -316,177 reimbursed administrative expenses 316,177”