INDIANAKENTUCKYOHIO REGIONAL: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: INDIANAKENTUCKYOHIO REGIONAL (EIN 35-6042362)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-09
IRS object ID: 201223149349300302
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-09T06:21:54-06:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	L M HENDERSON & COMPANY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	450 E 96TH ST STE 200	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	46240	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	356042362	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	INDIANAKENTUCKYOHIO REGIONAL	BusinessNameLine1
Business Name Line2	COUNCIL OF CARPENTERS WELFARE FUND	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	INDI	NameControl
Phone	3172483273	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5420 W SOUTHERN AVENUE	AddressLine1
Address Line2	ROOM/SUITE 407	AddressLine2
City	GREENWOOD	City
State	IN	State
ZIP Code	46241	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID THARP	Name
Title	OFFICER	Title
Phone	3172483273	Phone
Date Signed	2012-09-20	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	MICHELLE L ZIMMERMAN	Name
Phone	3175661000	Phone
Date Prepared	2012-10-16	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	DAVID THARP	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	5420 W SOUTHERN AVENUE SUITE 407	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	46241	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	162174326	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Trust	X	TypeOfOrganizationTrust
Year Formation	1960	YearFormation
State Legal Domicile	IN	StateLegalDomicile
Activity Or Mission Description	PROVIDING HEALTH AND WELFARE BENEFITS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	11	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	11	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	101123603	ProgramServiceRevenuePriorYear
Program Service Revenue CY	111627735	ProgramServiceRevenueCY
Investment Income Prior Year	3531017	InvestmentIncomePriorYear
Investment Income Current Year	2894975	InvestmentIncomeCurrentYear
Other Revenue Prior Year	54383	OtherRevenuePriorYear
Other Revenue Current Year	52558	OtherRevenueCurrentYear
Total Revenue Prior Year	104709003	TotalRevenuePriorYear
Total Revenue Current Year	114575268	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	101531919	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	112419071	BenefitsPaidToMembersCY
Salaries Etc Prior Year	104653	SalariesEtcPriorYear
Salaries Etc Current Year	98832	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	8131612	OtherExpensePriorYear
Other Expenses Current Year	8559742	OtherExpensesCurrentYear
Total Expenses Prior Year	109768184	TotalExpensesPriorYear
Total Expenses Current Year	121077645	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-5059181	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-6502377	RevenuesLessExpensesCY
Total Assets BOY	209743683	TotalAssetsBOY
Total Assets EOY	220357308	TotalAssetsEOY
Total Liabilities BOY	133888083	TotalLiabilitiesBOY
Total Liabilities EOY	147090416	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	75855600	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	73266892	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDING HEALTH AND WELFARE BENEFITS	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	TO PROVIDE MEDICAL, DENTAL, DISABILITY, VISION, AND LIFE INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	11	NbrVotingGoverningBodyMembers
Number Independent Voting Members	11	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	DelegationOfManagementDuties
Changes To Organizing Docs	true	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	IN	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	ZENITH ADMINISTRATORS	NamePerson
Telephone Number	3172483273	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	5420 W SOUTHERN AVE	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	46241	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
DAVID THARP
TRUSTEE	1.00	X	0	0	0
BRAD MURPHY
TRUSTEE	1.00	X	0	0	0
MICHAEL LAUER
TRUSTEE	1.00	X	0	0	0
WILLIAM NIX
TRUSTEE	1.00	X	0	0	0
JOHN HASSE
TRUSTEE	1.00	X	0	0	0
NATHAN FINK
TRUSTEE	1.00	X	0	0	0
MARK MCGRIFF
TRUSTEE	1.00	X	0	0	0
RICHARD FOUTS
TRUSTEE	1.00	X	0	0	0
JAMES PICKARD
TRUSTEE	1.00	X	0	0	0
JAMES HACKER
TRUSTEE	1.00	X	0	0	0
JOHN HAYS
TRUSTEE	1.00	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ANTHEM INSURANCE COMPANIES
220 VIRGINIA STREET	INDIANAPOLIS	IN	46204	CLAIMS SUPPORT	3517352
ZENITH ADMINISTRATORS INC
5420 WEST SOUTHERN AVE STE 407	INDPLS	IN	46241	GENERAL PLAN AD	2560178
AMERICAN HEALTH HOLDING
100 WEST OLD WILSON BRIDGE ROAD	WORTHINGTON	OH	43085	CLAIMS SUPPORT	740978
DELTA DENTAL
5875 CASTLE CREEK PARKWAY SUITE 191	INDIANAPOLIS	IN	46250	CLAIMS PROCESSI	368289
NATIONAL INVESTMENT SERVICES INC
777 E WISCONSIN AVE SUITE 2350	MILWAUKEE	WI	53202	INVESTMENT MANA	173441

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	8	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
EMPLOYER CONTRIBUTIONS	525100	95871146	95871146
EMPLOYEE CONTRIBUTIONS	525100	13822349	13822349
ERRP REIMBURSEMENT	525100	1604550	1604550
COBRA SUBSIDY REIMBURSEMENT	525100	329690	329690

Field	Value	IRS element (for citing)
Total Program Service Revenue	111627735	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2940574	TotalRevenueColumn
Related Or Exempt Function Income	2940574	RelatedOrExemptFunctionIncome

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	32125	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	32125	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	32125	TotalRevenueColumn
Related Or Exempt Function Income	32125	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	47553459	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	47599058	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	-45599	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-45599	TotalRevenueColumn
Related Or Exempt Function Income	-45599	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS INCOME	Description
Business Code	900099	BusinessCode
Total Revenue Column	20433	TotalRevenueColumn
Related Or Exempt Function Income	20433	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	20433	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	114575268	TotalRevenueColumn
Related Or Exempt Function Income	114575268	RelatedOrExemptFunctionIncome

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	112419071	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	98832	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	124335	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	250048	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	15020	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	13884	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
ADMIN/CONSULTING FEES	7292403
INVESTMENT EXPENSE	385258
PRINTING & POSTAGE	305339
ACTUARIAL FEES	79550

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	93905	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	121077645	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	10124107	BOY
EOY	16203246	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	9632110	BOY
EOY	6915706	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	10039584	BOY
EOY	10434027	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	22206	BOY
EOY	18420	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	413001	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	234224	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	187003	BOY
EOY	178777	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	179738673	BOY
EOY	186607132	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	209743683	BOY
EOY	220357308	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	6482077	BOY
EOY	9313644	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	127406006	BOY
EOY	137776772	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	133888083	BOY
EOY	147090416	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	75855600	BOY
EOY	73266892	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	75855600	BOY
EOY	73266892	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	209743683	BOY
EOY	220357308	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-6502377	ReconcilationRevenueExpenses
Reconcilation Other Changes	3913669	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	42697	InvestmentCostOrOtherBasis
Book Value	42697	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	318268	InvestmentCostOrOtherBasis
Depreciation	182835	Depreciation
Book Value	135433	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	52036	InvestmentCostOrOtherBasis
Depreciation	51389	Depreciation
Book Value	647	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	178777	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
EST LIABILITY FOR FUTURE BENEFITS	$126,865,772
EST CLAIMS INCURRED BUT NOT PAID	$10,911,000

Field	Value	IRS element (for citing)
Total Of Amounts	137776772	TotalOfAmounts
Total Revenue	114575268	TotalRevenue
Total Expenses	121077645	TotalExpenses
Excess Or Deficit For Year	-6502377	ExcessOrDeficitForYear
Net Unrealized GL On Investments	3913669	NetUnrealizedGLOnInvestments
Total Adjustments	3913669	TotalAdjustments
Excess Or Deficit Per FS	-2588708	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	118103679	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	3913669	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	3913669	RevenueNotRptdF990
Revenue Subtotal	114190010	RevenueSubtotal
Investment Expenses Not Included	385258	InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt	385258	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	114575268	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	120692387	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	120692387	ExpensesSubtotal
Investment Expenses Not Included2	385258	InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt	385258	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	121077645	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	LIABILITY UNDER FIN 48 FOOTNOTE	Identifier
Return Reference	SCHEDULE D, PAGE 3, PART X	ReturnReference
Explanation	THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS IS INTENDED TO QUALIFY PERSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE, AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST HAS OBTAINED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE, AND THE PLAN SPONSOR BELIEVES THAT THE TRUST, AS AMENDED, CONTINUES TO QUALIFY AND TO OPERATE IN ACCORDANCE WITH APPLICABLE PROVISIONS OF THE INTERNAL REVENUE CODE. 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 THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2011 AND DECEMBER 31, 2010, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITIION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FUND ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2008.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ADDITIONAL INFORMATION	FORM 990, PART VI	SECTION B, LINE 12: THE TRUST FUND DOES NOT RETAIN A WRITTEN CONFLICT OF INTEREST POLICY, BUT THE BOARD OF TRUSTEES AND TRUST FUND CONFORM WITH ERISA RULES AND REGULATIONS WITH REGARDS TO THE POLICY. SECTION B, LINE 13: THE TRUST FUND DOES NOT RETAIN A WRITTEN WHISTLEBLOWER POLICY BUT THE BOARD OF TRUSTEES AND TRUST FUND CONFORM WITH ERISA RULES AND REGULATIONS WITH REGARDS TO THE POLICY SECTION B, LINE, 14 THE TRUST FUND DOES NOT RETAIN A DOCUMENT RETENTION POLICY BUT THE BOARD OF TRUSTEES AND TRUST FUND CONFORM WITH ERISA RULES AND REGULATIONS WITH REGARDS TO THE POLICY
MANAGEMENT DELEGATED	FORM 990, PAGE 6, PART VI, LINE 3	THE BOARD OF TRUSTEES HAS OUTSOURCED THE DAY TO DAY ADMINISTRATION OF THE TRUST FUND TO ZENITH ADMINISTRATORS, INC.
SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS	FORM 990, PAGE 6, PART VI, LINE 4	EFFECTIVE OCTOBER 1, 2011, ANY REFERENCES TO "INDIANA/KENTUCKY CARPENTERS WELFARE FUND" WILL BE DELETED AND REPLACED WITH THE NEW PLAN NAME "INDIANA/KENTUCKY/OHIO REGIONAL COUNCIL OF CARPENTERS WELFARE FUND".
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	FORM 990 IS REVIEWED ANNUALLY BY THE CO-CHAIRMEN OF THE TRUSTEES AND IS AVAILABLE TO EACH TRUSTEE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	THE FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE TRUST FUND AND THE BOARD OF TRUSTEES CONFORM WITH ERISA RULES AND REGULATIONS RELATING TO THIS MATTER.