Bit Holdings Eighty-Two Inc

“All officers and directors are employed directly or indirectly by the institutional trustee of bit holdings eighty-two, inc.'s parent company. See disclosure for form 990, part vi, section a, line 3 for further explanation.”

“Great gray trust company, llc is the institutional trustee for the afl-cio building investment trust (the "trust"), which is the parent for bit holdings eighty-two, inc. Pursuant to the trust agreement, great gray trust company, llc is responsible for all aspects of the management and administration of the trust.”

“Bit holdings eighty-two, inc. Is a title holding corporation within the meaning of irc section 501(c)(2). It is organized and operated exclusively to hold title to property, collect income from such property, and distribute such income, less applicable expenses, to its direct or indirect sole owner, the afl-cio building investment trust (the "trust"). The trust is a bank collective trust fund in which qualified pension and retirement plans invest. Pursuant to an irs determination letter, the trust qualifies as a group trust within the meaning of revenue ruling 81-100 and, therefore, is generally exempt from federal income taxation under code section 501(a). The trust invests, primarily through equity investment and mortgage financing, in commercial real estate developments and acquisitions throughout the united states. The trust generally invests equity in real estate indirectly through one or more single purpose entities, such as bit holdings eighty-two inc.”

“Refer to the disclosure below for form 990, part vi, line 7b.”

“Great gray trust company, llc, in its capacity as trustee of the afl-cio building investment trust, has the power to elect and remove the directors of the organization, approve mergers and approve the dissolution of the organization.”

“The form 990 is prepared by an independent accounting firm. Prior to filing, the form 990 is reviewed in detail by the institutional trustee and a copy is provided to the entire governing body.”

“The organization does not make its governing documents available to the public. There is no conflict of interest policy or financial statements applicable to only the organization and the broader policies and financial statements are not available to the public. See further explanation regarding the conflict of interest policy in the disclosure for form 990, part vi, section b, line 12.”

“Contribution 1,875,763. Distribution to afl-cio building investment trust -1,948,577.”

“Management is responsible for the selection of the independent accountants. This process has not changed from the prior year.”