2024-08-06T22:39:19-05:00 2023-09-30 990155373 LEMKE CHINEN & TANAKA CPA INC 500 ALA MOANA BLVD SUITE 2-302 HONOLULU HI 96813 990 2022-10-01 901143236 IBEW LOCAL 1260 INSURANCE TRUST IBEW 8089419445 700 BISHOP STREET 1600 HONOLULU HI 96813 LEROY CHINCIO JR TRUSTEE 8089419445 2024-07-17 0 TERRY TAKAKI P00036112 8085336254 2022 2024-08-08 14:25:15Z X LEROY CHINCIO JR 700 BISHOP STREET SUITE 1600 HONOLULU HI 96813 136158 0 X N/A X 1966 HI PROVIDE GROUP LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS IN ACCORDANCE WITH THE TERMS OF THE RELATED COLLECTIVE BARGAINING AGREEMENTS. 5 0 0 0 0 0 0 118735 122673 20359 13485 44 0 139138 136158 0 45807 101998 0 0 0 24 13 45831 102011 93307 34147 912681 946828 0 912681 946828 TO PROVIDE LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS 0 0 101998 TO PROVIDE LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS 101998 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X IBEW LOCAL UNION 1260 INSURANCE TRUST 8089419445 700 BISHOP STREET SUITE 1600 HONOLULU HI 96813 X LEROY CHINCIO JR TRUSTEE 5.00 X 0 0 0 EDWIN NAKAZATO TRUSTEE (TERM. JUN 2023) 0.50 X 0 0 0 LORNA KANEHIRA TRUSTEE (TERM. JUN 2023) 0.50 X 0 0 0 REYNAON AU TRUSTEE (TERM. JUN 2023) 0.50 X 0 0 0 RYAN HIGASHI TRUSTEE 0.50 X 0 0 0 RUSSELL JARRETT TRUSTEE 0.50 X 0 0 0 TERRIE-LYN LAU TRUSTEE 0.50 X 0 0 0 JAYSA OBADO TRUSTEE 0.50 X 0 0 0 0 0 0 0 0 0 0 0 EMPLOYER CONTRIBUTIONS 122673 122673 122673 13485 13485 136158 136158 0 0 101998 13 102011 2454 2534 839591 914698 57636 16596 13000 13000 912681 946828 0 0 X 912681 946828 0 0 0 0 912681 946828 912681 946828 34147 0 X X 0 1 X 1 0 0 X 136158 0 136158 0 136158 102011 0 102011 0 102011 PART X, LINE 2: THE AUDITED FINANCIAL STATEMENTS CONTAIN THE FOLLOWING DISCLOSURE PERTAINING TO FIN 48 (ASC 740) "THE TRUST FUNDING CERTAIN BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE IRS DATED AUGUST 16, 2018, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE. HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAS BEEN RECORDED IN 2023 AND 2022 FOR UNRELATED BUSINESS TAXABLE INCOME. THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. PLAN MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND CONCLUDED THAT AS OF SEPTEMBER 30, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY, ASSET, OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS." FORM 990, PART VI, SECTION B, LINE 11B ALL DOCUMENTS ARE REVIEWED BY THE ACCOUNTANT AND TRUSTEE LEROY CHINCIO PRIOR TO SIGNING AND FILING FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES REVIEW THE POLICY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FROM 990, PART VII, SECTION A THE ORGANIZATION WAS UNABLE TO OBTAIN OR ESTIMATE AND REPORT THE COMPENSATION FOR INDIVIDUALS OF RELATED ORGANIZATION(S) AFTER MAKING A REASONABLE EFFORT TO SECURE SUCH INFORMATION. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEE SELECT AN INDEPENDENT AUDITOR. THE SENIOR TRUSTEE AND THE BOOKKEEPER REVIEW AND APPROVVE THE FINANCIAL STATEMENTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS. IBEW LOCAL UNION 1260 700 BISHOP STREET SUITE 1600 HONOLULU HI 96813 990057158 LABOR ORGANIZATION 501(C)(5) N/A 0 SEE SCHEDULE R SUPPLEMENTAL INFORMATION SEE SCHEDULE R SUPPLEMENTAL INFORMATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SEE SCHEDULE R SUPPLEMENTAL INFORMATION HI 0 0 0 FORM 990, SCHEDULE R, PART II, III, IV THE FILING ORGANIZATION IS A TAFT-HARTLEY MULTIEMPLOYER PLAN THAT PROVIDES LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH THE TERMS SET FORTH IN THE CBAS. THE IBEW LOCAL 1260 UNION OFFICE MAINTAINS A DATABASE OF THESE CONTRIBUTING EMPLOYERS INCLUDING THE NAMES, ADDRESSES, AND OTHER CONTACT INFORMATION. HOWEVER, THE LEGAL STRUCTURE (CORPORATION, PARTNERSHIP, ETC.) FOR EACH CONTRIBUTING EMPLOYER IS NOT ON FILE WITH THE UNION OFFICE AND COULD NOT BE REASONABLY OBTAINED. AS A RESULT, THE CONTRIBUTING EMPLOYERS COULD NOT BE SEPARATED BY TYPE OF ORGANIZATION. HOWEVER, THEY ARE LISTED BELOW: RJ'S ELECTRICAL & COMMUNICATION AINA EXCAVATION AND GRADING COMPANY