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10×28/13 HTML Report (Disclosure) A to Z Index Site Map FAQs DOL Forms About DOL Contact Us October 28, 2013, DOL Home ALMS Public Disclosure Home Search Criteria Select Report Printable View U.S.

How to fill out form lm-2 labor organization

How to fill out form lm-2 labor organization:

1. Begin by obtaining the LM-2 form, which is available on the website of the U.S. Department of Labor's Office of Labor-Management Standards (OLMS).
2. Provide the required general information, such as the name and address of the labor organization, its employer identification number (EIN), and the fiscal year being reported.
3. Indicate the type of organization filing the form (e.g., local union, district council, international union).
4. Report the total number of members or the amount of dues received from members during the fiscal year.
5. Declare any loans owed to or from the labor organization, including the interest rates and repayment terms.
6. Detail the labor organization's receipts from various sources, such as membership dues, initiation fees, and other income.
7. Specify the nature and purpose of the labor organization's expenses, including various categories like salary and administration expenses, benefits and taxes, representation activities, and contributions.
8. Disclose any investments, loans, or other financial arrangements the labor organization has made.
9. Provide information about the labor organization's assets, liabilities, and net assets or fund balances.
10. Include any additional information that may be required, such as schedules or attachments related to specific activities or transactions.
11. Sign and date the form, ensuring that it is completed accurately and truthfully.
12. Submit the form as instructed, either electronically or by mail, within the required deadline.

Who needs form lm-2 labor organization:

1. Labor unions or labor organizations in the United States are required to file form LM-2 if they meet certain criteria established by the OLMS.
2. The LM-2 form is specifically designed for labor organizations that have total annual receipts (including any subsidiaries or affiliates) exceeding $250,000 or total assets exceeding $250,000.
3. This includes local unions, district councils, and international unions, among others.
4. Filing the form allows the OLMS to ensure transparency and accountability in the financial operations of labor organizations.
5. The information provided on form LM-2 helps to ensure compliance with regulations and enables the public, members, and interested parties to review the financial activities of labor organizations.

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