Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DAVID HANNAH, KARLA LEWIS, JAMES HOFFMAN, AND WILLIAM SALES HAVE A BUSINESS RELATIONSHIP THROUGH RELIANCE STEEL AND ALUMINUM. MICHAEL HOFFMAN, WILLIAM PARTALIS, AND MARK BRECKHEIMER HAVE A BUSINESS RELATIONSHIP THROUGH KLOECKNER METALS. JOHN PALESNY AND MICHAEL PETERSEN HAVE A BUSINESS RELATIONSHIP THROUGH PETERSEN ALUMINUM. HOLMAN HEAD AND NORM BROWNING HAVE A BUSINESS RELATIONSHIP THROUGH O'NEAL STEEL. HAN-JOSEF HOSS AND FRANK KEVANE HAVE A BUSINESS RELATIONSHIP THROUGH THYSSENKRUPP MATERIALS, NA. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE INSTITUTE IS A MEMBERSHIP ORGANIZATION CONSISTING OF COMPANIES IN THE METALS INDUSTRY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE DIRECTORS AND OFFICERS ARE ELECTED DURING AN ANNUAL MEETING OF THE SERVICE CENTER MEMBERS OF THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | DURING THE ANNUAL MEETING OF THE MEMBERS, THE SERVICE CENTER MEMBERS OF THE INSTITUTE CAN RATIFY OR AMEND THE ACTIONS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11 | AFTER MANAGEMENT APPROVAL THE FORM 990 IS REVIEWED AND APPROVED BY THE BUDGET AND AUDIT COMMITTEE, A COMMITTEE OF THE BOARD OF DIRECTORS. THE FORM 990 IS ALSO PROVIDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR AND KEY STAFF PERSON ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE COMPLETED FORMS FOR ALL DIRECTORS AND STAFF MEMBERS ARE KEPT ON FILE. |
| FORM 990, PART VI, SECTION B, LINE 15 | A COMMITTEE OF THE BOARD, THE COMPENSATION COMMITTEE, MEETS ANNUALLY . THE COMMITTEE REVIEWS MULTIPLE INDEPENDENT SALARY SURVEYS AND USES THAT INFORMATION TO SET THE COMPENSATION FOR THE CHIEF STAFF OFFICER. USING THE SAME INFORMATION, THE COMMITTEE REVIEWS AND APPROVES THE RECOMMENDATIONS OF THE CHIEF STAFF OFFICER FOR THE COMPENSATION OF ALL OTHER STAFF MEMBERS. THE SIGNED APPROVAL ON THE RECOMMENDATIONS IS THEN USED AS BACK UP FOR ALL SALARY CHANGES AND BONUSES. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABLE VIA GUIDESTAR AND UPON REQUEST. |
| FORM 990, PART XII, LINE 2C | THE BUDGET AND AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| SCHEDULE D, PART XIV-SUPPLEMENTAL INFORMATION | THE IRS CONTINUES ITS EXAMINATION OF THE 501(C)(6) METALS SERVICE CENTER INSTITUTE HAVING CONCLUDED ITS EXAMINATIONS OF THE RELATED 501(C)(3) METALS SERVICE CENTER INSTITUTE FOUNDATION FOR CONTINUING EDUCATION AND FOR-PROFIT SUBSIDIARY METAL'S PUBLICATIONS AND DATA SERVICES, INC. FINAL DISPOSITION OF THE AUDIT OF THE METALS SERVICE CENTER INSTITUTE WAS UNDETERMINED AS OF DECEMBER 31, 2013. ON APRIL 16, 2013 THE INTERNAL REVENUE SERVICE (IRS) PROPOSED AN ADJUSTMENT. IN RESPONSE TO THE PROPOSED ADJUSTMENT THE METALS SERVICE CENTER INSTITUTE ON MAY 7, 2013 SOUGHT A TECHNICAL ADVICE MEMORANDUM (TAM) ON THE INTERPRETATIONS OF THE CODE USED BY THE IRS AGENT. ON SEPTEMBER 11, 2014 THE INSTITUTE RECEIVED NOTICE FROM THE IRS THAT TAM DETERMINATION WAS MADE IN ITS FAVOR; AS A RESULT THE AUDIT IS CONDITIONALLY CLOSED PER THE TAM DECISION SUBJECT TO A CLOSING AGREEMENT TO BE FINALIZED LATER IN 2014. |
| Software ID: | |
| Software Version: |