Dubuque Electrical Apprenticeship Trust

“Lennie thielen and ron thielen are both trustees of the plan and they have a family relationship.”

“The coordinator is paid through a management services agreement.”

“The board is made up of 3 union and 3 contractor representatives. These representatives are appointed by the local union and the contractors association, respectively.”

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

“The board of trustees reviews the 990 and approves it prior to filing with irs.”

“The board of trustees makes governing documents and financials available to members upon request.”

“2: amended 990 to correctly show that committee members lennie thielen and ron thielen have a family relationship. 7a: amended 990 to correctly document that the oganization had members who could elect additional members to the governing body.”

“Amended 990 to correctly document that all members of the governing body receive the 990 before filing the 990.”

“Amended 990 to: 1. Add korey petersen and nick kueter as trustees and to add owen leeser as coordinator. 2. Changed the average hours per week for chair, vice chair and trustee members to 1 hour. And for the coordinator position the average hours per week are 30. 3. Removed officer position for all members except the chair and vice chair positions. 4. Marked owen leeser as a key as an officer.”

“Amended 990 return to correctly show the amount of other contributions and program revenue contributions received by the plan in 2014.”

“The accompanying financial statements have been prepared on the modified cash basis of accounting, which is a comprehensive basis of accounting other than accounting principles generally accepted in the united states of america. That basis differs from accounting principles generally accepted in the united states of america in that revenue is recognized when cash is received rather than when earned and expenses are recognized when paid instead of when goods or services are received. Assets and liabilities are generally not recorded with the exception of those resulting from cash transactions.”

“The board of trustees reviews the financial statements prepared by the independent auditor and approves them.”

“Amended prior year 990ez to 990. Recorded a corrected 2013 net asset amount of 198,687.”

“Amended return. Expenses increased to 120,463 from 115,935 for the amended return due to a reclassifying all expenses. Additionally revenue increased to 128,062 from 126,952 for the amended return due to additional contributions being recognized.”

“11f: amended 990 to correctly document that the financial statements had a footnote disclosing the organizations liability under certain tax positions under fin 48 (asc 740). 12a: amended 990 to correctly document that the oganization obtained separate, independent audited financial statements for the tax year.”

“Amended 990 to show the correct allocation of expenses through service fees, advertising, office expenses, travel, insurance and other expenses. Additionally moved legal and accounting fees to management and general expenses.”

“Amended 990 to correctly show the beginning of year cash from the prior year amended 990 and to show the corrected cash balance for the current year 990.”

“Amended 990 to show the new total revenue, expenses, and net assets for the 2014 return.”

“Amended 990 to correctly state that the organizations financial statements were audited by an independent accountant on a separate basis.”

“Amended 990 schedule a to show the correct amount of membership fees received for years 2013 and 2014. Amounts flow down to line 6 and the total contributions go to line 8. Additionally the amounts from section a line 6 go on section b line 9 and flow down to line 14.”

“Amended 990 to correctly show the break out the type of contributions to the plan between person and noncash. Additionally updated the total contributions recieved during 2014.”

“Amended 990 to comply with the requirement to complete if part iv line 12a on the 990 is marked as yes.”

“Amended 990 to document all required information for schedule d, part x, line 2.”