2024-04-08T13:38:51-07:00 2023-05-31 451621265 TED SOILEAU CPA LLC 429 GOVERNMENT ST FL 2 BATON ROUGE LA 70802 990 2022-06-01 721327933 OHIO VALLEY AND SOUTHERN STATES LABORERS -EMPLOYERS COOPERATION & EDUCATION TRUST OHIO 5133726363 102 DORCHESTER SQUARE N WESTERVILLE OH 43081 ROBERT E RICHARDSON Chairman 2024-04-08 true ROBERT E RICHARDSON 999009999 true Ted A Soileau P00852991 2257667910 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X 102 DORCHESTER SQUARE N WESTERVILLE OH 43081 1667284 false X OVSSLECET.ORG X 1996 OH TO INCREASE THE PRODUCTIVITY OF OUR MEMBERS, DEVELOP AND MARKET SIGNATORY CONTRACTORS, AND PROMOTE CONTINUED LABOR-MANAGEMENT COOPERATION AND EDUCATION. WE CREATE OPPORTUNITIES THROUGH LABOR-MANAGEMENT COOPERATION. OVSS-LECET WORKS WITHIN A NINE STATE REGION LOCATED IN THE CENTRAL AND SOUTHERN UNITED STATES. 5 5 2 0 0 214886 297387 59509 20695 0 274395 318082 0 0 37063 50739 0 0 190035 299161 227098 349900 47297 -31818 3298736 3231384 0 3298736 3231384 TO INCREASE THE PRODUCTIVITY OF OUR MEMBERS, DEVELOP AND MARKET SIGNATORY CONTRACTORS, AND PROMOTE CONTINUED LABOR-MANAGEMENT COOPERATION AND EDUCATION. WE CREATE OPPORTUNITIES THROUGH LABOR-MANAGEMENT COOPERATION. OVSS-LECET WORKS WITHIN A NINE STATE REGION LOCATED IN THE CENTRAL AND SOUTHERN UNITED STATES. false false TO INCREASE THE PRODUCTIVITY OF OUR MEMBERS, DEVELOP AND MARKET SIGNATORY CONTRACTORS, AND PROMOTE CONTINUED LABOR-MANAGEMENT COOPERATION AND EDUCATION. WE CREATE OPPORTUNITIES THROUGH LABOR-MANAGEMENT COOPERATION. OVSS-LECET WORKS WITHIN A NINE STATE REGION LOCATED IN THE CENTRAL AND SOUTHERN UNITED STATES. false false false false false false false false false true true false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 9 0 true 2 true false false false false false false false false X 5 5 false false false false true true false true true false false true true true true true true true false false X ROBERT WOODS 5133726363 102 DORCHESTER SQUARE N WESTERVILLE OH 43081 X ROBERT J WOODS DIRECTOR 10.00 30.00 25000 138936 36558 ROBERT E RICHARDSON Chairman 1.00 0.00 X 0 0 0 GLENN FARNER Trustee 1.00 0.00 X 0 0 0 MARK ISAACS Trustee 1.00 0.00 X 0 0 0 DANIEL HOFFMAN III Secretary 1.00 0.00 X 0 0 0 PRESTON TAYLOR Vice President 1.00 0.00 X 0 0 0 25000 138936 36558 0 false true false 0 0 CONTRACTOR CONTRIBUTIONS 230000 297387 297387 297387 109897 109897 0 0 0 1260000 1349202 -89202 -89202 -89202 0 0 0 0 318082 208185 109897 0 0 0 0 25000 0 10125 11181 300 4133 0 35603 9563 0 0 5847 16566 878 23677 0 0 0 13983 0 10684 0 0 0 7712 DIVISIONAL PROGRAMS 144355 GIFTS 21800 TRUSTEE EXPENSE 7583 BANK FEE 910 0 349900 0 0 0 286362 239687 110238 963122 0 0 0 0 0 0 0 35034 35034 0 118712 113562 2783424 1915013 0 0 0 3298736 3231384 0 0 X 3298736 3231384 3298736 3231384 3298736 3231384 -31818 -35534 X X false true X true false 22329 22329 12705 12705 1915013 X 276701 -35534 -35534 312235 5847 5847 318082 344053 344053 5847 5847 349900 Part X : FIN48 Footnote ACCOUNTING FOR UNCERTAIN TAX POSITIONS FASB ASC 740 FIN 48 INCOME TAX RETURNS INCLUDE THOSE 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. THIS REQUIREMENT WILL APPLY TO NOT ONLY THE CURRENT REPORTING YEAR BUT ALSO TO 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 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 SUSTAINED BASED ON ITS TECHNICAL MERITS, AND 2. THERE MUST BE MORE THAN A 50 LIKELIHOOD THAT THE POSITION WOULD BE SUSTAINED 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 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 POSITION ON AN ANNUAL BASIS. AS OF EACH YEAR-END, ANY UNRESOLVED UNCERTAIN TAX POSITIONS MUST BE REASSESSED, AND THE BOARD OF TRUSTEES MUST DETERMINE WHETHER 1. THE FACTORS UNDERLYING THE SUSTAINABILITY ASSERTIONS 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 ASSOCIATION 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 FISCAL YEAR ENDING MAY 31, 2023, THERE ARE NO IDENTIFIED MATERIAL UNCERTAIN TAX POSITIONS FOR THE OPEN YEARS OF 2018-2023 WITH THE FILING OF ANY U.S. FEDERAL INCOME TAX RETURN. TAX RETURNS HAVE BEEN FILED FOR THE YEARS 2022-2023 AND THE STATUTE OF LIMITATIONS, PURSUANT TO IRC SECTION 6501, WILL EXPIRE FOR THE YEAR 2018 UPON THE FILING OF THE 2023 TAX RETURN. X false false false ROBERT J WOODS DIRECTOR 25000 138936 11182 19131 6245 36182 164312 Form 990, Part VI, Section A, Line 6 BOARD OF TRUSTEES OF THE OHIO VALLEY AND SOUTHERN STATES LECET IS A JOINT BOARD CONSISTING OF MANAGEMENT TRUSTEES AND LABOR TRUSTEES. THE TRUST AGREEMENT BY VIRTUE OF WHICH THIS ORGANIZATION WAS CREATED AND OPERATES PROVIDES FOR APPOINTMENT OF EMPLOYER TRUSTEES BY CURRENT EMPLOYER TRUSTEES AND UNION TRUSTEES BY APPOINTMENT BY THE LABORERS INTERNATIONAL UNION OF NORTH AMERICA AND THE LIUNA REGIONAL MANAGER. Form 990, Part VI, Section B, Line 11b A CERTIFIED PUBLIC ACCOUNTING FIRM IS RETAINED TO PREPARE THE ANNUAL IRS FORM 990. THE CPA FIRM PROVIDES A COPY OF THE COMPLETED FORM TO THE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL. Form 990, Part VI, Section B, Line 12c THE BOARD OF TRUSTEES MEETS QUARTERLY TO ADDRESS POLICY ISSUES, INVESTMENT POLICY REVIEW AND POLICY DECISIONS, LEGAL COUNSEL REPORTS, ADMINISTRATIVE REPORTS AND MARKETING & PROMOTIONAL INITIATIVES.DURING THESE MEETINGS ANY ISSUES IMPACTING CONFLICT OF INTEREST OR PROHIBITIVE TRANSACTIONS WILL BE ADDRESSED BY THE FULL BOARD OF TRUSTEES AND ACTED UPON. Form 990, Part VI, Section B, Line 15a THE FULL BOARD OF TRUSTEES MEET TO DISCUSS THE WAGES OF THE EMPLOYEES. THE FULL BOARD OF TRUSTEES VOTE ON THE WAGES FOR THOSE KEY EMPLOYEES. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS TO BE MADE AVAILABLE TO THE GENERAL PUBLIC ON REQUEST AT THE FUND'S OFFICES.