Apprentice and Journeyman Training Trust Fund of the Electrical Indust

“"the relationship between the trustees of the fund is a 'business relationship.' the fund is established and maintained pursuant to the employee retirement income security act of 1974, 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".”

“See additional information”

“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.”

“Board members review form 990 before it is filed.”

“The board of trustees approves the salary of the training director.”

“The board approves all salaries for all employees.”

“Governing documents are made available to the public upon request.”

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

“Minutes of all trustee meetings are maintained in written form.”

“The organization has entered into an operating agreement with the metro detroit electrical industry training center (a related entity) to provide training services to apprentices and journeyman electricians. The organization had previously provided training to apprentice and journeyman electricians.”

“There was no unrelated business income earned during the year.”

“Unrecognized loss on capital 0 contribution to mdeitc -1,415,855 total -1,415,855”