Get the free FORM LM-2 LABOR ORGANIZATION ANNUAL US Department of Labor

Oct 11, 2012 ... October 11, 2012. DOL Home ALMS ... 10 THROUGH 21. FILE NUMBER: 014 – 274. 10. During the reporting period did the labor organization.

How to fill out form lm-2 labor organization

How to fill out form LM-2 labor organization?

1. Begin by carefully reviewing the instructions provided with the form. The LM-2 form is used by labor organizations to report financial information to the Office of Labor-Management Standards (OLMS) of the U.S. Department of Labor.
2. Enter the basic organizational information such as the name, address, and type of labor organization. Provide accurate contact details so that the OLMS can reach out if necessary.
3. Provide a detailed description of the labor organization's activities during the reporting period. This includes information about the union's purpose, objectives, and any changes that may have occurred.
4. Report the organization's membership statistics, including the number of members at the start and end of the reporting period, the number of new members, and any reasons for membership changes such as resignations or terminations.
5. Document the organization's financial transactions for the reporting period. This includes information such as receipts from dues, fees, and other income sources, as well as expenditures made by the organization. Make sure to categorize the financial activities accurately and provide supporting documentation when required.
6. Fill out the schedule of receipts and disbursements to report the specific financial transactions in more detail. Include information about the purpose of the expenditure, the date it occurred, and the parties involved.
7. Complete the schedules that are specific to certain types of organizations, if applicable. For example, there are separate schedules for reporting political activities, trusts, subsidiaries, and certain types of loans.
8. Carefully review the completed form for accuracy and completeness. Double-check all the provided information, calculations, and attachments. Make sure that all required signatures are obtained before submitting the form.

Who needs form LM-2 labor organization?

Labor organizations, including unions, labor federations, and local labor unions, are required to file the LM-2 form if they meet certain criteria outlined by the OLMS. Generally, labor organizations are required to file the LM-2 form if they have:

1. Annual receipts of $250,000 or more.
2. Total assets of $250,000 or more.
3. At least 10 percent of their annual receipts or total assets from any combination of dues, fees, assessments, or similar charges paid by members.
4. At least one or more units of employees that have a collective bargaining agreement under the National Labor Relations Act (NLRA).

Labor organizations that fall under these criteria must file the LM-2 form with the OLMS within 90 days after the end of their fiscal year. Failure to comply with the reporting requirements may result in penalties or other legal consequences. It is important for labor organizations to familiarize themselves with the specific instructions and guidelines provided by the OLMS to ensure accurate and timely filing.

For pdfFiller’s FAQs

What is form lm-2 labor organization?

Form LM-2 is a form that labor organizations must file to report financial information to the Department of Labor.

Who is required to file form lm-2 labor organization?

Labor organizations, including labor unions and employee associations, are required to file form LM-2.

How to fill out form lm-2 labor organization?

Form LM-2 must be completed with detailed financial information including income, expenses, assets, and liabilities of the labor organization.

What is the purpose of form lm-2 labor organization?

The purpose of form LM-2 is to provide transparency and accountability regarding the financial activities of labor organizations.

What information must be reported on form lm-2 labor organization?

Form LM-2 requires reporting of receipts, disbursements, assets, liabilities, union officer and employee information, and details of certain transactions.

Where do I find form lm-2 labor organization?

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