Ibew Local No 48

“Summary of changes to bylaws - the salaries section was updated to increase the number of hours for various positions as noted below: article vii section 1: salaries shall be as follows (based on the current inside wireman's collective bargaining agreement, calculated as straight time): 1. President & recording secretary: 12 hours at foreman's rate per month (previously 8 hours). 2. Vice president: 10 hours at journeman's rate per month (previously 4 hours). 3. Treasurer: 10 hours at foreman's rate per month (previously 8 hours). 4. Executive board members: 4 hours at journeyman's rate per executive board meeting attended (previously 2 hours). 5. Examining board members: 4 hours at journeyman's rate per month (previously 2 hours) and 4 hours per session attended beyond one per month.”

“Ibew local 48 is an electrical union with approximately 5,864 union members as of december 31, 2023.”

“Ibew local no. 48 holds elections every 3 years whereby the union member select the business manager as well as other members of the executive board.”

“Yes, there are executive board decisions as spelled out in ibew local no. 48's constitution and by-laws which must be voted upon by the union members.”

“Yes, a copy of form 990 was given to the ibew local no. 48 financial assistant and business manager for their review and approval prior to filing with the irs. A copy of form 990 is available to the board members upon request.”

“It is the policy of ibew local no. 48 that the existence of any potential conflicts of interest be disclosed before any transaction is consummated. There exists a continuing responsibility of the board, officers and employees of ibew local no. 48 to scrutinize transactions and outside business interests and relationships for potential conflicts and to immediately ensure they are disclosed.”

“The salary and benefits package of the business manager is voted on and approved by the membership and is reflected in the ibew local no. 48's by-laws. It is the responsibility of the membership to vote on and approve all ibew local no. 48 officers, key employees and other staff salaries and benefits which are then reflected in the ibew local no. 48's by-laws.”

“Ibew local no. 48's form 990 is available to its members upon request. Ibew local no. 48 files an annual labor management report with the department of labor (lm-2). This report includes an annual financial statement as well as receipts and disbursements. The lm-2 report is available to the public via the office of labor management's web site. Ibew local no. 48's annual audited financial statements are available to its members upon request.”

“The organization's accounting method is modified cash basis.”