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Form LM-2 Labor Organization Annual Report National Education Association ITEM 69 Additional Information Summary Responses to Item 69 are included in this document as an attachment to the LM-2 Annual

How to fill out form lm-2 labor organization

How to fill out form lm-2 labor organization:

1. Gather necessary information: Before filling out form lm-2 labor organization, make sure to collect all the required information such as the organization's name, address, contact details, and employer identification number (EIN).
2. Complete Section I: Begin by providing basic information about the organization, including its name, address, and EIN. It is crucial to ensure that all the details are accurate and up to date.
3. Report receipts and disbursements: The next step involves reporting the organization's financial activities. This includes detailing any receipts, which are the funds received by the organization, and disbursements, which are the funds paid out. Provide a breakdown of these financial transactions accurately and in detail.
4. Provide details on assets, liabilities, and net worth: In this section, you need to report the organization's assets, liabilities, and net worth. This may include listing bank account balances, real estate properties, investments, loans, and any other financial obligations.
5. Disclose loans, grants, or debts: If the organization has received any loans, grants, or debts, provide a thorough explanation of these financial transactions. State the amount, purpose, lender or grantor, and any interest rates or repayment terms associated with these financial arrangements.
6. Account for administrative and organizing expenditures: Report any administrative and organizing expenditures incurred by the organization during the reporting period. This may include expenses related to salaries, office rent, utilities, legal fees, and other operational costs.
7. Complete Schedule 6: Schedule 6 of form lm-2 labor organization is used to disclose any payments or financial transactions made to an individual or organization known or alleged to have associations with organized crime. Provide accurate and detailed information about these transactions, if applicable.
8. Review and submit the form: Once you have completed all the necessary sections and double-checked for accuracy, review the form lm-2 labor organization thoroughly. Ensure that all the information provided is correct and properly supported by documentation. Finally, sign and submit the form as required by the applicable filing deadline.

Who needs form lm-2 labor organization?

1. Labor organizations: Form lm-2 labor organization is primarily required for labor organizations. These include unions, labor federations, and any other organizations that represent workers and have been granted a charter or a similar authorization.
2. Federally recognized labor organizations: The form is mandatory for labor organizations that are federally recognized, meaning they operate under the jurisdiction of the National Labor Relations Board (NLRB) or other federal labor laws.
3. Threshold requirements: Labor organizations that meet certain threshold requirements are generally required to file form lm-2. The specific requirements may vary based on factors such as the organization's size, total annual receipts, and the number of members.

It is important to note that compliance with form lm-2 labor organization filing requirements is essential to ensure transparency and accountability in labor organizations and their financial activities.

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