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 I, LINE I, DESCRIPTION OF ORGANIZATION MISSION: | TO PROVIDE A FULL RANGE OF PROGRAMS AND SERVICES DESIGNED TO IMPROVE MANUFACTURING PROCESSES AND PRODUCT QUALITY BY ADDING VALUE, REDUCING TOTAL COSTS, AND PROMOTING TEAMING BETWEEN GLOBAL STAKEHOLDERS IN THE MOBILITY AND OTHER INTERESTED INDUSTRIES. |
| FORM 990, PART VI, SECTION A, LINE 6: | EXPLANATION: SAE INTERNATIONAL IS A SOLE MEMBER |
| FORM 990, PART VI, SECTION A, LINE 7A: | EXPLANATION: THE DIRECTORS OF PERFORMANCE REVIEW INSTITUTE ("PRI") SHALL BE COMPRISED OF THE PRESIDENT AND UP TO FOURTEEN (14) MEMBERS APPOINTED BY THE VOTING MEMBER (THE VOTING MEMBER IS SAE INTERNATIONAL) AND ONE MEMBER ELECTED BY THE MAJORITY VOTE OF THE OTHER CLASSES OF MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11: | EXPLANATION: AFTER REVIEW BY SENIOR MANAGEMENT PERSONNEL, PRI'S SECRETARY/TREASURER INFORMS ALL MEMBERS OF THE BOARD THAT THE FINAL VERSION OF PRI'S FORM 990 IS AVAILABLE ONLINE FOR REVIEW AND COMMENT FOR TWO WEEKS. AT THE END OF SUCH TWO WEEK PERIOD, THE PRESIDENT OR SECRETARY/TREASURER SIGNS THE FORM 990 AND FILES IT WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C: | EXPLANATION: PRI ENFORCES A CONFLICT OF INTEREST POLICY IN ORDER TO PREVENT THE PERSONAL OR FINANCIAL INTERESTS OF PRI BOARD MEMBERS OR COMMITTEE MEMBERS FROM INTERFERING WITH THE PERFORMANCE OF THEIR FIDUCIARY DUTIES TO PRI. MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT DISCLOSING ALL MATERIAL BUSINESS, FINANCIAL AND ORGANIZATIONAL INTERESTS AND AFFILIATES THEY OR PERSONS CLOSE TO THEM HAVE WHICH COULD BE CONSTRUED AS RELATED TO THE INTEREST OF PRI. DISCLOSURE SHALL ALSO BE MADE IF A MATERIAL CONFLICT OF INTEREST ARISES IN THE COURSE OF THE MEMBER'S SERVICE TO PRI, WHETHER ARISING OUT OF THE MEMBER'S EMPLOYMENT, CONSULTING, INVESTMENTS, OR ANY OTHER ACTIVITY. IF AT ANY TIME A CONFLICT OF INTEREST EXISTS, THE MEMBER WILL EITHER BE ASKED TO REMOVE THEMSELVES FROM PARTICIPATING IN THE DELIBERATIONS AND/OR VOTING ON THE MATTER PRESENTING THE CONFLICT OR IN SOME INSTANCES, WHEN NECESSARY, THE MEMBER WILL BE ASKED TO SUBMIT THEIR RESIGNATION. |
| FORM 990, PART VI, SECTION B, LINE 15 | PRI SOLICITS THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTING FIRM TO REVIEW JOB DESCRIPTIONS, THE RESPECTIVE JOB GRADE CLASSIFICATION, AND COMPENSATION LEVELS. ANALYSIS AND SUBSEQUENT RECOMMENDATIONS FROM SUCH FIRM ARE BASED ON COMPARABILTY DATA ATTAINED BY SUCH FIRM. THE MOST CURRENT UNDERTAKING OF THIS KIND WAS COMPLETED IN OCTOBER 2011. COMPENSATION OF THE TOP MANAGEMENT OFFICIAL IS ULTIMATELY DETERMINED BY THE BOARD OF DIRECTORS AND REVIEWED ANNUALLY ALONG WITH SUCH OFFICIAL'S PERFORMANCE. |
| FORM 990, PART VI, SECTION C, LINE 19 | PRI MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | OTHER CHANGES IN NET ASSETS OR FUND BALANCES: FOREIGN CURRENCY TRANSLATION LOSS -352,600 PRIOR PERIOD SUBSIDIARY NET ASSETS 34,364 ---------- TOTAL FORM 990, PART XI, LINE 9 -318,236 |
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