2024-09-30T14:01:16-07:00 2023-12-31 451621265 TED SOILEAU CPA LLC 429 GOVERNMENT ST FL 2 BATON ROUGE LA 70802 990 2023-01-01 830730170 BASIC THE INTL ASSOC OF MACHINISTS BASI 4236225135 1600 SOUTH LYERLY STREET CHATTANOOGA TN 37404 Keith McFarland Trustee 2024-09-30 true true Ted A Soileau P00852991 2257667910 2023 2024-10-15 13:58:12Z X Keith McFarland 556873 false X N/A X 2018 TN TO PROVIDE AND MAINTAIN TRAINING AND/OR RE-TRAINING PROGRAMS IN THE MACHINISTS TRADE AND TO DEVELOP AND DISTRIBUTE TRAINING MATERIALS. THE FUND RECEIVES CONTRIBUTIONS FROM PARTICIPATING CONTRACTORS UNDER A COLLECTIVE - BARGAINING AGREEMENT ON BEHALF OF MEMBERS OF THE UNION BASED ON HOURS OF COVERED EMPLOYEMENT. THE FUNDS ARE USED TO PROVIDE TRAINING TO MEMBERS AND APPRENTICES. 2 2 4 0 0 493994 556873 0 0 493994 556873 0 0 159927 161284 0 0 245401 320897 405328 482181 88666 74692 596695 669599 1836 48 594859 669551 TO PROVIDE AND MAINTAIN TRAINING AND/OR RE-TRAINING PROGRAMS IN THE MACHINISTS TRADE AND TO DEVELOP AND DISTRIBUTE TRAINING MATERIALS. THE FUND RECEIVES CONTRIBUTIONS FROM PARTICIPATING CONTRACTORS UNDER A COLLECTIVE - BARGAINING AGREEMENT ON BEHALF OF MEMBERS OF THE UNION BASED ON HOURS OF COVERED EMPLOYEMENT. THE FUNDS ARE USED TO PROVIDE TRAINING TO MEMBERS AND APPRENTICES. false false 399570 556873 TO PROVIDE AND MAINTAIN TRAINING AND/OR RE-TRAINING PROGRAMS IN THE MACHINISTS TRADE AND TO DEVELOP AND DISTRIBUTE TRAINING MATERIALS. THE FUND RECEIVES CONTRIBUTIONS FROM PARTICIPATING CONTRACTORS UNDER A COLLECTIVE - BARGAINING AGREEMENT ON BEHALF OF MEMBERS OF THE UNION BASED ON HOURS OF COVERED EMPLOYEMENT. THE FUNDS ARE USED TO PROVIDE TRAINING TO MEMBERS AND APPRENTICES. 399570 true false false false false false false false false false true false false false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 true 4 false false false false false false false false 0 false false false false false false false X 2 2 false false false false false true false false false false false true false false true false false false Keith McFarland 6155786565 1600 south lyerly street chattanooga TN 37404 X JONATHAN W DEAN 40.00 0.00 120000 0 25835 KEITH MCFARLAND Trustee 2.00 0.00 X 0 0 0 WILLIAM STRICKLAND Trustee 2.00 0.00 X 0 0 0 ERNIE EPPS Trustee 2.00 0.00 X 0 0 0 120000 25835 1 false false false 0 0 CONTRACTOR CONTRIBUTIONS 230000 556873 556873 556873 0 0 0 0 0 0 0 0 0 556873 556873 0 0 0 0 0 0 125824 120000 5824 853 853 24982 24982 9625 9625 0 4500 4500 30802 30802 0 0 0 0 822 822 414 414 0 0 0 154 154 0 0 0 0 1944 1944 3667 3667 TRAINING EXPENSE 271300 271300 GRADUATION 6435 6435 INSTRUCTOR 759 759 REGISTRATION 100 100 0 482181 399570 82611 0 552476 529022 0 0 38387 136689 0 0 0 0 0 9720 5832 5832 3888 0 0 0 0 0 596695 669599 1836 48 1836 48 X 594859 669551 594859 669551 596695 669599 74692 X false true X true false X 9720 5832 3888 3888 X 556873 556873 556873 482181 482181 482181 Part X : FIN48 Footnote PART X - FIN 48 FOOTNOTE ACCOUNTING FOR THE UNCERTAINTY OF TAX POSITIONS CAN IMPACT THE FINANCIAL STATEMENTS. EVEN THOUGH THE FUND IS EXEMPT FROM INCOME TAXES, THE FUND MUST STILL CONSIDER WHETHER ITS EXEMPT INCOME AND OTHER ACTIVITIES OF THE FUND MIGHT BE DETERMINED TO BE UNRELATED BUSINESS INCOME, AND WHETHER THE FUND HAS PROPERLY MAINTAINED ITS TAX EXEMPT STATUS. FASB ASC 740 FIN 48, PUBLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD, ADDRESSES THE ISSUE OF ACCOUNTING FOR THE UNCERTAINTY OF MATERIAL TAX POSITIONS IMPACTING THE FINANCIAL STATEMENTS. THE BOARD OF TRUSTEES HAS ADOPTED THE PROVISIONS OF FASB ASC FIN 48 EFFECTIVE DECEMBER 31, 2019. THE ACCOUNTING FOR ALL MATERIAL POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, ON ANY INCOME TAX RETURN IS GOVERNED BY FASB ASC 740 FIN 48. INCOME TAX RETURN INCLUDE THOSE POSITIONS THAT WERE FILED OR THAT SHOULD HAVE BEEN FILED WITH FEDERAL TAXING AUTHORITIES. IT IS THE BOARD OF TRUSTEES POLICY TO ASSESS ALL MATERIAL POSITIONS TAKEN ON ANY FEDERAL INCOME TAX RETURN. THE BOARD WILL REQUIRE ITS LEGAL AND TAX COUNSEL TO COMMUNICATE TO THEM ALL SUCH UNCERTAIN TAX POSITIONS IN ORDER TO EVALUATE THE IMPACT OF THE TAX POSITION AND THE REPORTING AND DISCLOSURE REQUIRED. THE REQUIREMENT WILL APPLY TO NOT ONLY THE CURRENT REPORTING YEAR BUT ALSO THE ALL PRIOR OPEN REPORTING YEARS THAT COULD STILL BE SUBJECT TO EXAMINATION BY A TAXING AUTHORITY. THE BOARD OF TRUSTEES HAS DETERMINED THAT ANY MATERIAL UNCERTAIN TAX POSITIONS THAT ARE PRESENTED TO THE BOARD OF TRUSTEES WILL BE RECOGNIZED AND MEASURED USING A MORE-LIKELY-THAN-NOT, MLTN THRESHOLD. THE MLTN THRESHOLD MEANS THAT 1. A BENEFIT RELATED TO AN UNCERTAIN TAX POSITION MAY NOT BE RECOGNIZED IN THE FINANCIAL STATEMENTS UNLESS IT IS MLTN THAT THE POSITION WILL BE SUBSTAINED BASED ON ITS TECHNICAL MERITS, AND 2. THERE MUST BE MORE THAN A 50 PERCENT LIKELIHOOD THAT THE POSITION WOULD BE SUBSTAINED IF CHALLENGED AND CONSIDERED BY THE HIGHEST COURT IN THE RELEVANT JURISDICTION. MEASUREMENT OF ANY UNCERTAIN TAX POSITION WILL REQUIRE CALCULATING THE CUMULATIVE PROBABILITY OF AN OUTCOME EITHER FOR OR AGAINST THE TAX POSITION. THE TAX BENEFIT OF A QUALIFYING POSITION IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50 PERCENT LIKELY TO BE REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. INITIAL RECOGNITION OF AN UNCERTAIN TAX POSITION WILL REQUIRE CONTINUED REASSESSMENT OF THE TAX POSITIONS MUST BE REASSESSED, AS OF EACH YEAR-END ANY UNRESOLVED UNCERTAIN TAX POSITIONS MUST BE REASSESSED, AND THE TRUSTEES MUST DETERMINE WHETHER 1. THE FACTORS UNDERLYING THE SUSTAINABILITY HAVE CHANGED AND 2. THE AMOUNT OF THE RECOGNIZED TAX BENEFIT IS STILL APPROPRIATE. DEVELOPMENTS SUCH AS CASE LAW, CHANGES IN TAX LAW, NEW RULINGS, OR REGULATIONS ISSUED BY TAXING AUTHORITIES, COULD AFFECT WHETHER A TAX POSITION SHOULD BE RECOGNIZED OR THE AMOUNT THAT SHOULD BE REPORTED. THE FUND WILL BE REQUIRED TO ACCRUE INTEREST AND PENALTIES THAT, UNDER PRESENT TAX LAW, THE FUND WOULD INCUR IF THE UNCERTAIN TAX POSITION ULTIMATELY WERE NOT SUSTAINED. FOR THE YEAR ENDING DECEMBER 31, 2023, NO UNCERTAIN TAX POSITIONS WERE DETERMINED TO EXIST. true true true true false true false false false false false false false false false false false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized THE TRAINING PROGRAM ADVERTISES VIA NORTH-WEST SHOALS COMMUNITY COLLEGE AS PART OF THE COMMITTMENT THE COLLEGE & THE APPRENTICESHIP PROGRAM HAVE ENTERED INTO. THE FACEBOOK WEBPAGE FOR THE SPONSORING LODGE & THE WEBPAGE FOR NORTH-WEST SHOALS COMMUNITY COLLEGE ALL ADVERTISE THE PROGRAM. THE LINK ON THE NORTH-WEST SHOALS COMMUNITY COLLEGE WEBPAGE, READS AS FOLLOWS, : The sponsor will not discriminate due to race, color, religion, national origin, sex including pregnancy and gender identity, sexual orientation, genetic information, or an individual with a disability or a person 40 years old or older. The sponsor will take affirmative action to provide equal opportunity in the apprenticeship and will operate the apprenticeship program as required under title 29 of the Code of Federal Regulations part 30. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained THIS ENTITY IS AN ERISA 501 C3 MULTIEMPLOYER UNION TRAINING FUND. ALL REVENUE IS DERIVED FROM PARTICIPATING EMPLOYER CONTRIBUTIONS PRUSUANT TO THE PREVAILING COLLECTIVE BARGAINING AGREEMENT. Schedule E, Line 5 - Explanation of Organization Discrimination by Race Form 990, Part VI, Section B, Line 11b A CERTIFIED PUBLIC ACCOUNTING FIRM IS RETAINED TO PREPARE THE ANNUAL FORM 990. THE CPA FIRM PROVIDES A COPY OF THE COMPLETED FORM TO THE TRUSTEE OF THE BOARD FOR THEIR REVIEW AND APPROVAL. Form 990, Part VI, Section C, Line 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE IRS FORM 990 WILL BE MADE AVAILABLE UPON WRITTEN REQUEST TO FUND MANAGEMENT. PART VII SECTION A THE SCEDULE OF OFFICERS HAS LIMITATIONS TO THE RESPECTIVE TITLES. WE ARE UTILIZING SCHEDULE O TO PROVIDE THE OFFICERS' ACTUAL TITLES. JONATHAN W DEAN - TRAINING ADMINISTRATOR, KEITH MCFARLAND - CO-CHAIRMAN, WILLIAM STRICKLAND - CHAIRMAN, AND ERNIE EPPS - TRUSTEE.