Form lm3 online 2025

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The document provides an overview of LM3 Online, a tool designed to help organizations assess their economic impact on local communities through spending analysis. It explains the methodology behind LM3, which measures how money circulates within a local economy across three rounds of spending. The document outlines the process for using LM3 Online, including project setup, data collection, and result analysis, emphasizing its applicability across private, public, and not-for-profit sectors. Additionally, it highlights the importance of local economic contributions and offers guidance on maximizing community benefits through strategic purchasing.

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What is the difference between LM-2 and LM-3?

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 LM3?

EFS is a web-based system for completing and filing Form LM-3 Labor Organization Annual Report. This tutorial demonstrates basic features and functionality of the EFS LM-3 form.

How to file LM3?

Form LM-3 must be submitted electronically to the Department, via the OLMS Electronic Forms System (EFS) linked from the OLMS website (.dol.gov/olms). Form LM-3 filers will be able to file reports in paper format only if they assert a temporary hardship exemption.

What are the requirements for LM 2?

The filing requirements are: Form LM-2Lengthy report filed electronically by branches with $250,000 or more in annual receipts. Form LM-3Four-page report filed electronically by branches with total annual receipts of at least $10,000 but less than $250,000.

What is the threshold for LM-3?

Every labor organization subject to the LMRDA, CSRA, or FSA with total annual receipts of less than $250,000 may file the simplified annual report Form LM-3, if not in trusteeship as defined in Section IX of these instructions.

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Which LM form to file?

Organizations with: $250,000 or more in annual receipts, file Form LM-2. At least $10,000 but less than $250,000 in annual receipts, file Form LM-3. Less than $10,000 in annual receipts, file Form LM-4.

What is an LM3 report?

The Form LM-3 is for labor unions with the annual receipts less than $250,000 but more than $10,000. It is 4 pages long.

Form lm3 online 2025

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