Smart Lu 555

“The parent organization changed its name from Sheet Metal Workers International Association (SMWIA) as a result of a merger with the United Transportation Union (UTU) forming the International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART). As a result of this merger the parent organization increased the number of General Vice Presidents from eleven (11) to seventeen (17).”

“The organization has 670 members. Membership isopen to all sheet metal, air, rail and transportation workers. Members pay dues to the organization. Officers are elected by the members from the general membership. There are no stockholders in this organization.”

“Officers are elected from the general membership.”

“All decisions of the governing body are presented at the meetings of the general membership.”

“Minutes are kept at all meetings.”

“Minutes are kept at all executive board meetings.”

“The Business Mgr and the President review the return that is prepared by a non member paid preparer, CPA, preior to signing and submitting the tax return to the IRS.”

“The governing documents and conflict of interest policy of the organization are not open for public inspection. They are available for the review by all members at the member meetings held regularly thoughout the year. The financial statements are available to the general public via the LM-2 report filed annually with the Office of Labor Management.”

“SMWIA LU 337 merged into LU 555 mid year 2014. The cash account of SMIWA LU 337 was merged into the LU 555 cash assets. All revenue for the final year of operations for LU 337 was correctly reported on the final FORM 990 filed for FEIN: 75-1572200 SMWIA LU 337. The amount merged was $120,533 as determined by an audit performed by the parent organization. This amount is not revenue; however, it inclusion is required to balance the year end assets of SMART LU 555.”