Iron Workers District Council of Western New York & Vicinity Suppl

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

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

“The plan 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 plan and to divulge immediately any matter which may give rise to a conflict.”

“The board of trustees reviewed and approved the compensation package for the administrative manager and support staff. An affiliated fund pays the full salary and benefits for the administrative manger and support staff, with such compensation allocated to affiliated entities, including this fund, under a cost sharing agreement.”

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

“The administrative manager receives compensation and benefits from an unrelated benefit fund. Such expense is allocated in part to this fund under a cost sharing agreement.”

“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 an affiliated benefit fund to this plan excluded the cost of a benefit offered to shared employees of the affiliated benefit fund 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 by the affiliated entity for years ended june 30, 2018 and prior. The adjustments include additional shared costs payable and interest on the shared costs payable.”