2025-05-01T11:57:24-05:00 2024-06-30 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2023-07-01 364804028 EASTERN MILLWRIGHT REGIONAL COUNCIL LABOR MANAGEMENT FUND EAST 2155691634 1803 SPRING GARDEN STREET PHILADELPHIA PA 19130 WILLIAM SPROULE CHAIRMAN 2155691634 2025-05-01 1 1 ROBERT J JANNELLI CPA P00450209 9082727000 2023 2025-03-06 01:10:19Z X WILLIAM SPROULE 1803 SPRING GARDEN STREET PHILADELPHIA PA 19130 420293 0 X WWW.EASCARPENTERS.ORG X 2015 MA THE FUND WAS ESTABLISHED TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF THE UNION AND EMPLOYERS, AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST. X 10 4 0 0 0 0 0 0 1237311 241148 203479 179145 0 0 1440790 420293 0 0 0 0 0 0 0 0 0 656456 112766 656456 112766 784334 307527 7343574 0 0 0 7343574 0 THE FUND WAS ESTABLISHED TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF THE UNION AND EMPLOYERS, AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST. 0 0 THE FUND WAS ESTABLISHED TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF THE UNION AND EMPLOYERS, AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 4 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 1 0 0 0 X THE FUND 2155691634 1803 SPRING GARDEN STREET PHILADELPHIA PA 19130 WILLIAM SPROULE TRUSTEE 1.00 40.00 X 0 398220 264815 JOHN DEL SORDI TRUSTEE 1.00 40.00 X 0 225060 164867 THOMAS J GUNNING TRUSTEE 1.00 X 0 0 0 JOHN REAPE TRUSTEE 1.00 40.00 X 0 167836 112263 TODD SCARPONE TRUSTEE 1.00 X 0 0 0 RANDY EDGERLY TRUSTEE 1.00 X 0 0 0 DONALD SHUBERT TRUSTEE 1.00 X 0 0 0 ZACK MIDDLETON TRUSTEE 1.00 40.00 X 0 159908 100828 TIMOTHY MORIARTY TRUSTEE 1.00 40.00 X 0 129911 96487 JESSE STACY II TRUSTEE 1.00 40.00 X 0 146534 103956 CLINTON SUGGS TRUSTEE 1.00 X 0 0 0 JOSEPH SANTOLERI TRUSTEE 1.00 X 0 0 0 0 1227469 843216 0 0 1 0 0 EMPLOYERS' CONTRIBUTIO 230000 241148 241148 241148 179145 179145 420293 241148 0 179145 9090 11500 6917 2036 20794 JOB TARGET COSTS 34762 DISSOLUTION COSTS 27667 112766 0 5860287 0 0 0 0 0 0 0 0 12000 12000 0 0 1483287 0 0 0 0 0 7343574 0 0 0 X 7343574 0 7343574 0 7343574 0 X 307527 188641 -7839742 X X 0 1 X 1 0 12000 12000 0 0 X 608934 188641 188641 420293 0 420293 112766 0 112766 0 112766 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RULED THAT THE FUND QUALIFIES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE, AND IS NOT SUBJECT TO TAX UNDER PRESENT INCOME TAX LAWS. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FUND MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FUND AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS THAT MIGHT BE RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITES FOR FISCAL YEAR 2024 AND 2023. THE FUND FILES ITS FORMS 990 IN THE U.S. JURISDICTION AND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR FISCAL YEARS BEFORE 2021 GENERALLY FOR 3 YEARS AFTER THEY ARE FILED. X 0 0 0 WILLIAM SPROULE TRUSTEE 0 398220 0 0 0 0 0 206556 0 58259 0 663035 0 0 JOHN DEL SORDI TRUSTEE 0 225060 0 0 0 0 0 128596 0 36271 0 389927 0 0 JOHN REAPE TRUSTEE 0 167836 0 0 0 0 0 87565 0 24698 0 280099 0 0 ZACK MIDDLETON TRUSTEE 0 159908 0 0 0 0 0 77966 0 22862 0 260736 0 0 JESSE STACY II TRUSTEE 0 146534 0 0 0 0 0 81086 0 22870 0 250490 0 0 TIMOTHY MORIARTY TRUSTEE 0 129911 0 0 0 0 0 77144 0 19343 0 226398 0 0 CASH 2024-03-01 2000000 BOOK VALUE 043322535 NORTHERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS 750 DORCHESTER AVENUE BOSTON MA 02125 501(C)(5) CASH 2024-03-01 2500000 BOOK VALUE 250849687 EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS 650 RIDGE ROAD SUITE 200 PITTSBURGH PA 15205 501(C)(5) INVESTMENTS 2024-04-05 851705 FAIR VALUE AT THE TIME OF TRANSFER 250849687 EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS 650 RIDGE ROAD SUITE 200 PITTSBURGH PA 15205 501(C)(5) INVESTMENTS 2024-04-11 64084 FAIR VALUE AT THE TIME OF TRANSFER 250849687 EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS 650 RIDGE ROAD SUITE 200 PITTSBURGH PA 15205 501(C)(5) INVESTMENTS 2024-04-11 234838 FAIR VALUE AT THE TIME OF TRANSFER 250849687 EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS 650 RIDGE ROAD SUITE 200 PITTSBURGH PA 15205 501(C)(5) INVESTMENTS 2024-04-11 553217 FAIR VALUE AT THE TIME OF TRANSFER 250849687 EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS 650 RIDGE ROAD SUITE 200 PITTSBURGH PA 15205 501(C)(5) CASH 2024-06-18 808914 BOOK VALUE 043322535 NORTHERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS 750 DORCHESTER AVENUE BOSTON MA 02125 501(C)(5) CASH 2024-06-18 826984 BOOK VALUE 250849687 EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS 650 RIDGE ROAD SUITE 200 PITTSBURGH PA 15205 501(C)(5) 0 0 0 0 1 0 0 0 0 PART I, LINE 3: THE TRUSTEES OF THE MILLWRIGHT LABOR MANAGEMENT FUND APPROVED THE DISSOLUTION OF THE FUND AND THE TRANSFER OF THE ASSETS AND LIABILITIES OF ITS JOBS RECOVERY FUND TO THE APPROPRIATE TARGETING ENTITIES IN THE RESPECTIVE COUNCILS. THE FUNDS ARE SCHEDULED TO BE TRANSFERED AUGUST 1. THE EASTERN MILLWRIGHT JATC BOARD IS STILL WORKING THROUGH THE EQUITABLE DISTRIBUTION OF ITS ASSETS AND LIABILITIES TO THE APPROPRIATE TRAINING FUNDS IN THE CARPENTER COUNCILS. AARON KRAKOW NOTED THAT IN ADDITION TO A VOTE OF THE TRUSTEES, A VOTE OF THE COUNCIL IS REQUIRED TO TERMINATE THE MILLWRIGHT LABOR MANAGEMENT TRUST IN ORDER TO MOVE THE ASSETS TO NASCLMP.MOTION WAS MADE, SECONDED, AND CARRIED TO TERMINATE THE MILLWRIGHT LABOR MANAGEMENT TRUST. FORM 990, PART VI, SECTION A, LINE 6 THE FUND IS COMPRISED OF THE MEMBERS OF LOCALS 715, 1163, 1121 AND 219, AND MEMBERS OF THE MILLWRIGHT INDUSTRY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF TRUSTEES ARE APPOINTED BY THE UNION MEMBERS AND MEMBERS OF THE MILLWRIGHT INDUSTRY. FORM 990, PART VI, SECTION B, LINE 11B REVIEW BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS DONE RANDOMLY FORM 990, PART VI, SECTION C, LINE 19 THE FUND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC ONLY UPON A WRITTEN REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS -7,839,742. FORM 990, PART XI, LINE 1 THE ORGANIZATIONS ACCOUNTING METHOD IS MODIFIED CASH BASIS OF ACCOUNTING. THERE HAS BEEN NO CHANGES FROM PREVIOUS YEARS. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS. EASTERN MILLWRIGHT REGIONAL COUNCIL APPRENTICESHIP AND TRAINING FUND 750 DORCHESTER AVENUE BOSTON MA 02125 257259537 MEMBER TRAINING MA 501(C)(3) 0 MILLWRIGHTS LOCAL UNION NO 1121 750 DORCHESTER AVENUE BOSTON MA 02125 042315531 LABOR UNION MA 501(C)(5) 0 MILLWRIGHTS LOCAL UNION NO 1163 6489 RIDINGS ROAD SYRACUSE NY 13206 510237853 LABOR UNION NY 501(C)(5) 0 MILLWRIGHTS LOCAL UNION NO 715 3 QUINE STREET CRANFORD NJ 07016 220809270 LABOR UNION NJ 501(C)(5) 0 MILLWRIGHTS LOCAL UNION NO 219 1013 CENTRE ROAD SUITE 301 WILMINGTON DE 19805 811861309 LABOR UNION DE 501(C)(5) 0 MILLWRIGHT LOCAL UNION NO 443 4600 CAMDEN AVENUE PARKERSBURG WV 26101 814239224 LABOR UNION WV 501(C)(5) 0 EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS 1803 SPRING GARDEN STREET PHILADELPHIA PA 19130 250849687 LABOR ORGANIZATION PA 501(C)(5) 0 NORTHERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS 750 DORCHESTER AVENUE BOSTON MA 02125 043322535 LABOR ORGANIZATION MA 501(C)(5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0