Laborers Industry Stabilization Trust Fund for Northern California

“The organization has contracted with the laborers funds administrative office of northern california, inc. To provide administrative services for the organization.”

“The plan does not have any committees with the authority to act on behalf of the governing body.”

“The form 990 was provided to the administrative office for review prior to filing the form. Complete copies are provided to the governing body members upon request.”

“Although the organization does not have a conflict of interest policy, the administrative office does have a conflict of interest policy in place. The administrative office employees are required to adhere to that policy.”

“The organization makes its governing documents, and unaudited financial statements available to the public upon request.”

“Although the organization does not have a whistleblower policy, the administrative office does have a whistleblower policy in place. The administrative office employees are covered by that policy.”

“Competitiveness, productivity, organizational effectiveness, and economic development. This may include providing funding for similar non-profit entities, and qualified joint management non-profit corporations established to accomplish the ends sought by the trust.”

“During the fiscal year ended may 31, 2024, three of the laborers' master agreements for northern california were modified to redirect employer contribution revenue from the organization, as follows: effective august 1, 2023, through june 30, 2024, two cents per hour to the california alliance for jobs. Effective august 1, 2023 through december 31, 2023, three cents per hour to an escrow account to be distributed effective january 1, 2024 and thereafter, as follows: one cent per hour to liuna education & training fund, one cent per hour to northern california laborers' training & retraining fund, and one cent per hour to vacation/holiday/dues supplement. Effective january 1, 2024, the organization's contribution rate decreased three cents per hour to a revised contribution rate of twenty-two cents per hour. Effective january 1, 2024, the organization's contribution rate decreased three cents per hour to a revised contribution rate of twenty cents per hour. The three cents are being allocated as follows: two cents to northern calfironia laborers' training & retraining fund, and one cent to the vacation/holdiay/dues supplement. The final rate for the associated general contractors of california and united contractors' contracts is twenty-two cents. The final rate for the association of construction employers' contracts is twenty cents.”