SOUTHWEST SAFETY TRAINING ALLIANCE INC

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BY WRITTEN RESOLUTION DATED JANUARY 3, 2024 (THE"RESOLUTION"), THE BOARD OF DIRECTORS OF SOUTHWEST SAFETY TRAINING ALLIANCE ("SSTA") UNANIMOUSLY DETERMINED THAT IT WAS IN THE BEST INTERESTS OF SSTA TO APPROVE THE LIQUIDATION, DISSOLUTION, AND ORDERLY WINDING UP OF SSTA'S BUSINESS AND AFFAIRS. IN THE RESOLUTION, THE BOARD OF DIRECTORS UNANIMOUSLY APPROVED THE DISTRIBUTION OF ALL OF SSTA'S REMAINING NET ASSETS, FOLLOWING THE PAYMENT OF ALL OF SSTA'S OUTSTANDING LIABILITIES, INCLUDING ANY FINAL FEES AND COSTS ASSOCIATED WITH ITS WINDING UP AND LIQUIDATION, TO THE ARIZONA PIPE TRADES JOINT APPRENTICESHIP COMMITTEE (THE "JAC"), WHICH IS OPERATED BY THE ARIZONA PIPE TRADES JOINT APPRENTICESHIP TRUST, A TAX-EXEMPT, PUBLIC CHARITY UNDER IRC SECTION 501(C)(3) AND SECTION 509(A)(1), ALL IN A QUALIFYING IRC SECTION 507(B)(1)(A) TERMINATION OF SSTA. THE JAC OPERATES A REGISTERED APPRENTICESHIP PROGRAM THAT PROVIDES APPRECTICESHIP TRAINING TO APPRENTICES IN THE ARIZONA PLUMBING AND PIPEFITTING INDUSTRY AND THE BOARD OF DIRECTORS UNANIMOUSLY DETERMINED IN THE RESOLUTION THAT THE PURPOSES OF THE JAC WERE CONSISTENT WITH SSTA'S EDUCATIONAL MISSION OF PROVIDING TRAINING TO PERSONS IN THE ARIZONA CONSTRUCTION INDUSTRY. ARTICLES OF DISSOLUTION FOR SSTA WERE FILED WITH THE ARIZONA CORPORATION COMMISSION ON MARCH 22, 2024. SSTA'S NET CASH ASSETS WERE DISTRIBUTED TO THE JAC IN TWO PAYMENTS, THE FIRST IN THE AMOUNT OF $611,860 ON JANUARY 5, 2024, AND THE SECOND IN THE AMOUNT OF $3,400 ON JUNE 30, 2024, FOLLOWING THE PAYMENT OF ALL OF THE FINAL COSTS AND EXPENSES ASSOCIATED WITH THE LEGAL DISSOLUTION OF SSTA.

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Based on 2 grants on record

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Grants Awarded (2 total)