Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| Other Program Services | Form 990, Part III, Line 4d | The Institute supports various research projects of interest to the structural steel industry through grants to universities and other non-profit organizations. The Institute also gives awards to winners of architectural and engineering competitions. The Institute made a total of $728,907 of grants in 2011. |
| Members and Stockholders | Form 990, Part VI, Line 6 | AISC Holdings, Inc. has three classes of membership. In descending order, they are: (a) Full, (b) Associate, and (c) Individual. (a) Full Members have the right to elect the Board of Directors at the annual meetings for the operating company. Associate and Individual members do not have this right. (b) At each meeting Full Members of AISC Holdings, Inc. shall be entitled to cast one vote about the order of business of the meeting. (c) Full Members, Associate Members, and Individual Members are not entitled to receive any share of the organization's profits or excess dues or a share of the organization's net assets upon the organization's dissolution. (d) Individual and Associate members do not have the right to vote for board members. |
| Electing Members and Stockholders | Form 990, Part VI, Line 7a | Full Members. 1) Any firms or corporations engaged in the fabrication of structural steel or iron (as defined by the AISC Code of Standard Practice) in the United States of America (that is, the production facility must be located within the U.S. including Puerto Rico and all protectorates) may be admitted as a Full Member of AISC Holdings, Inc. 2) Any firms or corporations in the United States of America (that is, the production or manufacturing facility must be located within the U.S., including Puerto Rico and all protectorates) engaged in the production of hot rolled steel plates or shapes or manufacturing of hollow structural steel shapes used in the fabrication of structural steel or iron may be admitted to full membership in AISC Holdings, Inc. 3) Any firms of corporations in the United States of America (that is, the distribution facility must be located within the U.S., including Puerto Rico and all protectorates) engaged in the warehousing and distribution of material for the fabrication of structural steel or iron may be admitted to full membership in AISC Holdings, Inc. The nature of their rights consists of the following: Full members will be able to partake in the Annual Meeting to elect the Board of Directors of the Operating Company. Also, Full Members are able to vote at Special Meetings. |
| Alternative Addresses for Officers, Dicertors, Trustees and Key Employees | Form 990, Part VI, Line 9 | Stephen E. Porter Treasurer AISC Holdings, Inc. President Indiana Steel Fabricating, Inc. P.O. Box 421547 Indianapolis, IN 46242-1547 Terry Peshia Chairman AISC Holdings, Inc. Chairman & CEO Garbe Iron Works, Inc. 456 North Broadway Aurora, IL 60505 David B. Ratterman Esq Secretary AISC Holdings, Inc. Partner Stites & Harbison, PLLC 400 W. Market Street, Suite 1800 Louisville, KY 40202-3352 Lawrence A. Cox Member AISC Holdings, Inc. Steel Service Corporation P.O. Box 321425 Jackson, MS 39232 Robert E. Owen Vice Chairman AISC Holdings, Inc. Paxton & Vierling Steel Company 501 Ave. H Carter Lake, IA 51510 James A. Stori Member AISC Holdings, Inc. STS Steel, Inc. 301 Nott Street Bldg #304 Schenectady, NY 12305 |
| Review Of Form 990 | Form 990, Part VI, Line 11b | The external public accounting firm, Grant Thornton, reviewed the required tax documents and returns. Grant Thornton forwarded a draft copy of the 990 to AISC Holdings, Inc., where AISC staff reviewed internally. AISC staff forwarded the final copy of the 990 to the Board of Directors of AISC Holdings, Inc. When the review was completed by AISC staff, and the return was forwarded to the board prior to filing, AISC staff notified Grant Thornton to file the return. |
| Monitoring and Enforcing the Conflict of Interest Policy | Form 990, Part VI, Line 12c | The Board and Committee members of AISC Holdings, Inc. are required to sign a conflict of Interest acknowledgement each year. If there was a conflict of interest identified, this conflict would be disclosed by the Board/Committee member. In the event a conflict exists, the Board/Committee member is not permitted to be involved in meetings related to the conflict nor are they able to vote on any subject related to the conflict. AISC Holdings, Inc. has not had any conflicts reported. The conflict of interest policy is displayed and emphasized at all meetings. |
| Process for Determining Compensation | Form 990, Part VI, Line 15 | The independent compensation committee consists of the Chair, Vice Chair & Immediate Past three chairs of the operating company. The Chair shall be the Immediate Past Chair of the operating company. The compensation committee is responsible for approving and evaluating the compensation plans and policies of the operating company as stated in the AISC Holdings, Inc. Bylaws. The committee shall establish the salary for the Authorized Representative of the operating company and approve the average level of annual increase for staff positions through the use of comparable data. The Authorized Representative and Vice Presidents of the operating company determine the increases for each person in their respective departments also through comparable data. The overall percentage increase is approved by the board when the annual operating budget is approved. The compensation for the Authorized Representative and staff was reviewed and increased in October, 2009 and in December, 2011. All compensation matters were contemporaneously documented in the compensation committee meeting minutes. |
| Governing Documents Available to The Public | From 990, Part VI, Line 19 | AISC Holdings, Inc. makes its governing documents, conflict of interest policy, and financial statements available upon request to the public. |
| Other Changes in Net Assets or Fund Balances | Form 990, Part XI, Line 5 | Unrealized gains (losses) on investments: -338,660. Prior period adjustment: 35,010. ---------- Total: -303,650. |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:Stephen E. Porter TITLE:Treasurer HOURS:1 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:Terry Peshia TITLE:Chairman HOURS:1 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:David B. Ratterman ESQ TITLE:Secretary HOURS:1 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:Roger E. Ferch TITLE:Authorized Representative HOURS:1 |
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