Southeastern MI Electrical Industry Labor Management Cooperation Trust

“Minutes of all meetings are maintained in written form. The relationship between the trustees of the fund is a business relationship. The fund is established and maintained pursuant to the labor relations act of 1947, as amended. The fund, as a taft-hartley fund, is administered by a board of trustees which is composed of an equal number of union and employer representatives. Because of this organizational requirement, there is a business relationship between the trustees. In addition, e. Craig young is identified as a key employee of the organization. He is employed by a related organization where one or more trustees of the organization serve as trustees.”

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“The board of trustees is composed of an equal number of union and employer representatives, all of which are appointed by the union and the employer association.”

“The signatories on behalf of the board review the form 990 before it is filed.”

“The policy requires all conflicts of interest to be reported when they arise.”

“The administrator's compensation is reviewed annually by independent board members. The board reviews comparable data of base and variable compensation to industry standards. Meeting minutes are maintained in written form.”

“The board approves a budget where the compensation of all employees are listed. Meeting minutes are maintained in written form.”

“Governing documents, policies, and financial statements are available to the public upon request.”

“Craig young worked 40 hours a week for a related organization. All amounts were obtained from actual employer payroll records.”

“To improve and maintain communications between representatives of labor and management; to enhance the involvement of workers in making decisions that affect their working lives. To increase membership through advertising.”

“Entity did not earn any unrelated income during the year.”