Carpenters Joint Apprenticeship & Training Program Building Corporation

“Effective april 1, 2023, the boards of trustees of the carpenters and joiners apprenticeship and journeymen training trust fund and five rivers carpenters district council educational trust agreed to merge participants and transfer the net assets. As a result of the merger, property and land were trnasferred to the building corporation.”

“The building corporation's membership consists of the members of the board of trustees of carpenters and joiners apprenticeship and journeyman training trust fund (the fund) through its duly appointed board of trustees. A member's term of membership in the building corporation coincides with his/her tenure as a trustee of the fund. Appointment or withdrawal as a trustee of the fund shall operate as an appointment or withdrawal as a member of the building corporation without the necessity of additional action or authorization.”

“As part of the merger agreement with five rivers carpenters district council educational trust, the board of directors was expanded from fourteen to sixteen. The union may appoint eight trustees and designate up to eight alternate trustees. The associated general contractors and the carpentry contractors association may each appoint two trustees and each may appoint up to two alternate trustees. The independent millwright contractors association, the des moines construction council, the allied construction employers association, and the allied construction interests, inc. May each appoint one trustee and each may appoint one alternate trustee.”

“There are no committees with the authority to act on behalf of the governing body.”

“Form 990 is provided to the executive director and entire board of directors for review and approval prior to filing.”

“In order to avoid actual or apparent conflicts of interest, the building corporation has a conflict of interest policy. The policy covers the members of the board of directors. The directors are responsible for monitoring and communicating any potential conflicts of interest to the chairman and secretary of the board of directors. The chairman and secretary, in consultation with fund counsel and the reporting director, will work to resolve any potential or actual conflicts of interest in accordance with the provisions of the conflict of interest policy and federal law. If a conflict of interest exists, the director's recusal from deliberating and voting upon the matter under which the conflict arises shall be sufficient to resolve that conflict appropriately. If a conflict of interest arises, a report of all steps taken to resolve the conflict will be prepared and presented to the entire board of directors, and shall then be maintained in the corporation's permanent files. The directors are required to sign an annual certification of compliance with the conflict of interest policy.”

“The building corporation makes its governing documents, conflict of interest policy and financial statements available upon request at the office of carpenters apprenticeship training fund in st. Paul, mn.”

“Other changes in net assets-990 transfer of net assets due to merge 465,485.”