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 1 | ISRI HAS AN EXECUTIVE COMMITTEE, WHICH IS COMPOSED OF THE CHAIR, THE CHAIR-ELECT, THE VICE CHAIR, THE SECRETARY/TREASURER, THE IMMEDIATE PAST ASSOCIATION CHAIR, AND TWO REPRESENTATIVES NOMINATED BY THE CHAIR AND APPROVED BY THE ENTIRE BOARD. THE PRESIDENT ALSO SERVICES AS AN EX OFFICIO MEMBER. THE EXECUTIVE COMMITTEE MAY EXERCISE ONLY THE POWERS DELEGATED TO IT BY THE FULL BOARD, AND MUST REPORT ITS ACTIONS AND RECOMMENDATIONS TO THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 2 | TOM KNIPPEL HAS A BUSINESS RELATIONSHIP WITH GEORGE ADAMS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS 3 CLASSES OF MEMBERS: ACTIVE, ASSOCIATE AND AFFILIATE INDIVIDUAL. ACTIVE MEMBERS - INCLUDES INDIVIDUALS, FIRMS OR CORPORATIONS, OR THE DIVISION OR SUBSIDIARY OR DEPARTMENT THEREOF, WHO ARE ENGAGED IN BUSINESS AS RECYCLERS IN THE UNITED STATES, CANADA OR MEXICO. ASSOCIATE MEMBERS - INCLUDES INDIVIDUALS, FIRMS AND CORPORATIONS, OR THE DIVISION, SUBSIDIARY OR DEPARTMENT THEREOF, WHO ARE ENGAGED IN BUSINESS FOR PROFIT AS: 1) MANUFACTURERS OR DISTRIBUTORS OF PROCESSING MACHINERY OR EQUIPMENT, OR SUPPLIES UTILIZED IN THE RECYCLING INDUSTRY; 2) DEALERS IN USED RECYCLING MACHINERY AND EQUIPMENT; 3) PROVIDERS OF SPECIALIZED SERVICES TO THE RECYCLING INDUSTRY; AND 4) INTERNATIONAL (OTHER THAN CANADIAN AND MEXICAN) PROCESSORS, BROKERS, MERCHANTS OR CONSUMERS OF SCRAP METALS, SCRAP PAPER, SCRAP TEXTILES, SCRAP PLASTICS, SCRAP GLASS OR SCRAP RUBBER. AFFILIATE INDIVIDUAL MEMBERS - INCLUDES INDIVIDUALS WHO HAVE BEEN A FULL TIME EMPLOYEE OF A COMPANY THAT IS/WAS AN ACTIVE OR ASSOCIATE MEMBER OF THE ASSOCIATION, FOR A PERIOD OF ONE OR MORE YEARS AND WHO ARE NO LONGER EMPLOYED BY A COMPANY THAT IS ELIGIBLE FOR ACTIVE OR ASSOCIATE MEMBERSHIP IN THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ISRI BOARD OF DIRECTORS CONSISTS OF THE ASSOCIATION OFFICERS, THE PRESIDENTS OR ELECTED REPRESENTATIVES OF EACH ISRI CHAPTER, UP TO THREE DIVISION DIRECTORS FROM EACH DIVISION, SEVEN DIRECTORS-AT-LARGE, AN ASSOCIATE MEMBER, AND PAST ASSOCIATION CHAIRS. ACCORDINGLY, CHAPTER MEMBERS INDIRECTLY SELECT THE CHAPTER BOARD MEMBERS BY ELECTING THEIR CHAPTER PRESIDENTS. THE DIVISIONAL DIRECTORS ARE SELECTED BY THE MEMBERS OF EACH DIVISION. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION'S FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS. THE RETURN WAS REVIEWED BY MANAGEMENT AND STAFF OF THE INSTITUTE OF SCRAP RECYCLING INDUSTRIES, INC. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS AND EMPLOYEES COVERED BY ISRI'S POLICY WILL ANNUALLY DISCLOSE OR UPDATE TO THE CHAIR OF ISRI'S BOARD OF DIRECTORS ON A FORM PROVIDED BY THE ORGANIZATION, THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OF AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OF THOSE FAMILY MEMBERS. FOR EACH INTEREST DISCLOSED TO THE CHAIR, THE CHAIR WILL DETERMINE WHETHER TO (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THIS POLICY; (C) ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ORGANIZATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ORGANIZATION OR IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ORGANIZATIONS REMOVAL PROCEDURES. THE ORGANIZATION'S CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCE EXECUTIVE WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIR IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF ISRI'S PRESIDENT IS DETERMINED BY REVIEW OF COMPARABLE POSITIONS IN OTHER ORGANIZATIONS IN NEGOTIATION WITH ISRI'S CHAIR. THE LAST PERFORMANCE/COMPENSATION REVIEW TOOK PLACE ON AUGUST 29, 2012. THE COMPENSATION OF ISRI'S KEY OFFICERS IS DETERMINED BY REVIEW OF COMPARABLE POSITIONS IN OTHER ORGANIZATIONS WITH APPROVAL OF ISRI'S COMPENSATION COMMITTEE. THE COMMITTEE'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THEIR MEETING MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION DOES NOT MAKE IT'S GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. THEY ARE AVAILABLE TO ITS MEMBERS ON ISRI'S WEBSITE. |
| FORM 990, PART XII, LINE 2C | THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. |
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