United Association Journeymen & Apprentices 393 Ppf

“The local has six types of members: journeyman, apprentice, helper/trainee, retiree, life member and special accounts/non-initiated member. All members have voting rights except for apprentice members and special accounts/non-initiated members.”

“Journeyman, helper/trainee, retiree, and life members are eligible to vote to elect members of the governing board. Apprentice members and special accounts/non-initiated members do not have voting rights.”

“Some decisions made by the governing body are subject to approval from voting members. For example, change in dues rate.”

“There is no committee with the authority to act on behalf of the governing board.”

“A copy of the form 990 was provided to each governing body member before the form was filed. The finance committee reviewed the form 990 for completeness and accuracy before the form was filed.”

“At least once annually, officers and board members have to disclose any relationship or interests that could give rise to a conflict. Transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed: the conflicting interest is fully disclosed; the person with the conflict of interest is excluded from the discussion and approval of such transaction; a competitive bid or comparable valuation exists; and the board determines that the transaction is in the best interest of the organization.”

“For the full-time officers, compensation is documented in the local's constitution and bylaws, which are approved by the membership. Cottle holdings, llc (the local's wholly owned limited liability company) does not provide for any compensation.”

“The organization does not make its governing documents, conflict of interest policy or financial statements available to the public. Upon request, the organization makes it governing documents, conflict of interest policy and financial statements available to the organization's members.”

“The organization uses the modified cash basis. This method of accounting has not changed.”

“Management assumes responsibility for oversight of the audit and selection of an independent accountant. This process has not changed.”