The 1625 Massachusetts Ave Nw Corp

“Directors/officers jason ambrosi, wendy morse, wes clapper, sean creed, and officer david krieger are compensated by air line pilots association, international ("alpa").”

“The sole shareholder of the organization is alpa, an organization generally exempt from income taxes under irc 501(c)(5).”

“No other committee with authority exists.”

“The organization engages with an independent certified accounting firm to prepare and review the organization's form 990 based on information provided by alpa's accounting staff. A copy of the form 990 is provided to the senior staff accountant and finance department management staff of alpa for review, then sent to the treasurer of the organization for final review and signature prior to being filed with the internal revenue service.”

“The 1625 massachusetts ave nw corp follows the conflict of interest policy of its related organization, alpa: (1) alpa's conflict of interest policy is reviewed with employees. A written copy is included in each employee new hire kit. A copy is included in the employee handbook, and the policy is posted on the employee staff center website. The policy provides examples of some of the relationships that should be avoided. The policy requires that all employees avoid conflicts between their personal interest and the members of, or persons represented by, alpa or the interest of alpa in dealing with employers or with suppliers, customers, and all other organizations or individuals seeking to do business with alpa. If a conflict is reported, discovered, or suspected, it is addressed first by the employee's supervisor and, if necessary, by the human resources department, and in either case, appropriate measures are taken, which can include termination for violation of the policy. (2) in accordance with federal labor laws, alpa is governed by officers elected from among the membership. Accordingly, decisions made by alpa's governing bodies necessarily affect the officers who make up those governing bodies, just as those decisions affect the union members as a whole. However, section 501(a) of the labor-management reporting and disclosure act (lmrda), 29 usc 501(a) states that officers and other union representatives "occupy positions of trust" with respect to the union and so that "it is, therefore, the duty of each such person, taking into account the special problems and functions of a labor organization, to hold its money and property solely for the benefit of the organization and its members and to manage, invest, and expend the same in accordance with its constitution and bylaws and any resolutions of the governing bodies adopted thereunder, to refrain from dealing with such organizations as an adverse party or on behalf of an adverse party in any matter connected with his duties and from holding or acquiring any pecuniary or personal interest which conflicts with the interest of such organization, and to account to the organization for any profit received by him in whatever capacity in connection with transactions conducted by him or under his direction on behalf of the oranization". The responsibilities imposed by lmrda section 501(a) may be enforced by union members through suits in federal courts, or by the secretary of labor, and those responsibilities govern the union's actions.”

“The 1625 massachusetts ave nw corp does not provide compensation to any officers, directors, or trustees. The organization's officers and directors are paid by a related organization, alpa, which has policies and procedures to create a rebuttable presumption of reasonableness.”

“The organization makes its governing documents, conflict of interest policy, and audited financial statements available to the public upon request to the extent required by law.”

“The corporation demolished its former headquarter building in 2024. The demolition does not constitute a sale of assets, exchange of assets, nor transfer of assets to another organization. The loss reflected consists of the net book value of the building at time of demolition and no proceeds were received by the corporation for this transaction.”

“The 1625 massachusetts ave nw corp financial statements were consolidated with the financial statements of alpa and other related entities. The consolidated financial statements were audited by an independent certified accounting firm. The 1625 massachusetts ave nw corp does not have an audit committee to assume responsibility for the oversight of the audit of its financial statements and the selection of the independent accounting firm. Alpa's executive team oversees such responsibilities.”