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The document serves as the annual financial report required from labor organizations with significant total annual receipts, detailing their financial activities, income, expenditures, and structural
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How to fill out form lm-2 labor organization
How to fill out FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT
01
Download the FORM LM-2 from the Department of Labor's website.
02
Review the instructions provided with the form.
03
Fill out the organization’s basic information, including name, address, and contact details.
04
Report financial information, including total income, total expenditures, and cash balance.
05
Detail membership numbers and any changes from the previous year.
06
Provide information about any officers and their compensation.
07
List any loans or expenditures related to union activities.
08
Sign and date the form to certify accuracy.
09
Submit the completed form by the due date to the appropriate government agency.
Who needs FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
01
Labor organizations that have annual financial reporting requirements under the Labor-Management Reporting and Disclosure Act (LMRDA), which typically include unions with gross annual receipts of $250,000 or more.
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What is an LM-1 form?
Every labor organization subject to the Labor-Management Reporting and Disclosure Act, as amended (LMRDA), the Civil Service Reform Act (CSRA) standards of conduct regulations, or the Foreign Service Act (FSA) must file an initial Form LM-1 Information Report, along with its constitution and bylaws, and an annual
What is an LM-2 report?
Form LM-2 is filed with the Office of Labor-Management Standards (OLMS) by unions in the United States that details how a union spent funds in the past year. It is the most detailed report labor organizations are required to file.
What are the requirements for LM-2?
The filing requirements are: Form LM-2—Lengthy report filed electronically by branches with $250,000 or more in annual receipts. Form LM-3—Four-page report filed electronically by branches with total annual receipts of at least $10,000 but less than $250,000.
Who has to file LM-2?
The Form LM-2 is required for labor organizations with $250,000 or more in total annual receipts, the Form LM-3 is required for labor organizations with total annual receipts of $10,000 or more, but less than $250,000 and the Form LM-4 is required for labor organization which have total annual receipts of less than
What are the requirements for LM-2?
The filing requirements are: Form LM-2—Lengthy report filed electronically by branches with $250,000 or more in annual receipts. Form LM-3—Four-page report filed electronically by branches with total annual receipts of at least $10,000 but less than $250,000.
Who has to file LM-2?
The Form LM-2 is required for labor organizations with $250,000 or more in total annual receipts, the Form LM-3 is required for labor organizations with total annual receipts of $10,000 or more, but less than $250,000 and the Form LM-4 is required for labor organization which have total annual receipts of less than
What is an LM-4?
Labor organizations with total annual receipts of less. than $10,000 may file the abbreviated 2-page. annual report Form LM-4, if not in trusteeship as. defined in Section VIII of these instructions. The.
What are the requirements for LM-2?
The filing requirements are: Form LM-2—Lengthy report filed electronically by branches with $250,000 or more in annual receipts. Form LM-3—Four-page report filed electronically by branches with total annual receipts of at least $10,000 but less than $250,000.
What are LM2 reports?
Form LM-2 is filed with the Office of Labor-Management Standards (OLMS) by unions in the United States that details how a union spent funds in the past year. It is the most detailed report labor organizations are required to file.
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What is FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
FORM LM-2 is an annual report that labor organizations must file with the U.S. Department of Labor. It provides comprehensive financial information about the organization, including its income, expenses, assets, and liabilities.
Who is required to file FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
Labor organizations with gross annual receipts of $250,000 or more are required to file FORM LM-2.
How to fill out FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
To fill out FORM LM-2, organizations must provide detailed financial information in specified sections, including receipts, disbursements, and assets. It is important to follow the instructions provided by the Department of Labor and ensure all amounts are accurately reported.
What is the purpose of FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
The purpose of FORM LM-2 is to promote transparency and accountability among labor organizations by making their financial information available to the public and federal regulators.
What information must be reported on FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
FORM LM-2 requires reporting on various financial aspects, including total income, total expenditures, beginning and ending cash balances, loans, investments, and any other significant financial transactions within the reporting year.
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