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 | Dennis Dotson, President and Jean Bye, Director have a business relationship. |
| Form 990, Part VI, Section A, line 6 | Membership in the organization shall be available to all individuals and corporations in the metalcasting industry, its supplier industries, related academia and OEM/customers of the industry. |
| Form 990, Part VI, Section A, line 7b | All individual members, with the exception of student members, and those residing outside of North America, shall have the right to hold office in American Foundry Society and to cast one vote on all questions submitted to the membership by letter or other ballot. |
| Form 990, Part VI, Section B, line 11 | Board resolution passed August 2009 delegates this responsibility to the Finance Committee for independent review before filing. The Form 990 is also provided to all members of the governing body before it is filed. |
| Form 990, Part VI, Section B, line 12c | All new board members sign the conflict of interest policy at the beginning of their 3 year term. The conflict of interest policy is renewed annually at the August board meeting each year a board member serves. Due to the nature of our industry, there is an awareness of what is happening within to informally monitor throughout the year. If a conflict occurs, the board member would recuse themselves from voting on the matter. |
| Form 990, Part VI, Section B, line 15a | The CEO's compensation review and performance evaluation is initiated by the Executive Committee. An outside independent consultant benchmarks CEO and other executive positions in the organization to other similar associations as well as several surveys utilized such as Assocation Forum of Chicagoland Association Compensation Benefits Survey and American Research National Compensation Study. The consultant developed and facilitates a 360 evaluation of the CEO's performance soliciting input from Board members and Department Leaders. Evaluation results and compensation benchmarks for the CEO position are reported to the Executive Board. Any changes in compensation are provided in writing to the Director of Finance by the AFS President. |
| Form 990, Part VI, Section C, line 19 | The governing documents, conflict of interest policy and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). |
| Form 990, Part XI, line 9: | Pension-related Changes other than Net Periodic Pension Cost 37,075. |
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