Eco Veba Trust

“Process to Review the Form 990: THE FORM 990 IS PREPARED BY A THIRD PARTY PREPARER. A COPY OF THE FORM 990 IS REVIEWED BY THE CHAIR AND PROVIDED TO THE COMMITTEE MEMBERS PRIOR TO FILING THE RETURN WITH THE IRS.”

“Process for Monitoring Compliance with Conflict of Interest Policy: ALL COMMITTEE MEMBERS MUST ANNUALLY SIGN A DISCLOSURE STATING POTENTIAL CONFLICTS OF INTEREST. THIS DISCLOSURE STATEMENT IS REQUIRED TO BE UPDATED ANY TIME THERE IS A CONFLICT OF INTEREST UNDER THE POLICY. ADDITIONALLY, ONLY DISINTERESTED COMMITTEE MEMBERS MAY VOTE ON A POTENTIAL TRANSACTION THAT INVOLVES THE ECO VEBA TRUST AND A COMMITTEE MEMBER WITH THE CONFLICT OF INTEREST.”

“Governing Documents Available to the Public: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.”

“Members: For purposes of Form 990, the Trust has members who, pursuant to the governing documents, have the right to participate in the Trust's governance.”

“Members who can elect members of the governing body: ECO: a Covenant Order of Evangelical Presbyterians (ECO) shall determine whether the Trustee shall be a bank or other similar independent commercial entity authorized by state law to perform the Trustee functions required under the Trust Agreement, or a committee of individuals appointed by ECO and by representatives of the ECO VEBA Trust membership. ECO may determine that the Trustee of this ECO VEBA Trust will be a committee of not less than four individuals, half of whom shall be appointed by ECO and the remainder appointed by representatives of the members of the ECO VEBA Trust.”

“Decisions of governing body subject to approval by members: ECO may, at any time and from time to time, pursuant to authorization of the ECO governing body (a) amend in whole or in part any or all of the provisions of the Trust Agreement, or (b) terminate the Trust Agreement and the trust created; provided, however, that no amendment which affects the rights, duties or responsibilities of the Trustee may be made without the Trustee's consent, nor may any modification or amendment be made that would permit any part of the corpus or income of the Trust Fund to be used for, or diverted to, purposes other than for the exclusive benefit of the eligible participants under the Plan, their eligible dependents and their designated beneficiaries and/or for the payment of administrative expenses of the Plan or Trust. In no event shall the assets of the Trust Fund be returned to ECO or any Employer upon termination of the Trust.”

“SIGNIFICANT CHANGES IN CONDUCT OF PROGRAM SERVICES: During 2020, the organization began to significantly scale back and wind down operations with the intent to dissolve and cease operations entirely in 2021.”