Laborers' District Council Education & Training Fund of the Philadelphia Area

“Daniel l. Woodall, jr. And vernon woodhall have a family relationship.”

“Out of the ten trustees, five (5) are designated by the laborers ' district council of the metropolitan area of philadelphia and vicinity, laborers' international union of north america and five (5) are appointed by the participating labor associations - three (3) by the contractors association of eastern pennsylvania and two (2) by the general building contractors association.”

“The form 990 is reviewed by the fund administrator and fund accountant. Then, the forms 990 is sent to the co-counsels of the funds as the trustees permit the co-counsels to review the 990 on their behalf. The form 990 is subsequently reviewed by the entire board at the next scheduled trustee meeting.”

“Any director, principal officer, or committee member of the governing board that has a direct or indirect financial interest, has the duty to disclose any actual or possible conflict of interest. The interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable.”

“The trustees review employee compensation on an annual basis by reviewing job performance, job qualifications and industry conditions. Compensation arrangements are also subject to periodic reviews to ensure compensation and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”