Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 4 | SIGNIFICANT CHANGES TO THE 2015 AMENDED BYLAWS INCLUDE CHANGES IN THE CLASSES OF MEMBERSHIP AND QUALIFICATIONS. -RIFM CHANGED FROM FOUR CLASSES OF MEMBERSHIPS TO THREE CLASSES. (ACTIVE, ASSOCIATE AND SUPPORTING MEMBERS ONLY). IFRA MEMBERS WERE REMOVED FROM THE AMENDED BYLAWS. -ARTICLE II, SECTION 4 COMPLIANCES WITH IRFA CODE OF PRACTICE AND STANDARD WERE CHANGED: MEMBERS ARE EXPECTED TO COMPLY WITH THE CORPORATIONS BYLAWS - ARTICLE II, SECTION 6. QUORUM AND SECTION 7 VOTING WERE CHANGED: AT ALL MEETINGS OF MEMBERS A QUORUM FOR THE TRANSACTION OF BUSINESS SHALL REQUIRE THE PRESENCE THEREAT; IN PERSON OR BY PROXY, OF 1/3 OF ALL ACTIVE AND SUPPORTING MEMBERS COMBINED. -EACH ACTIVE AND SUPPORTING MEMBER SHALL BE ENTITLED TO ONE VOTE (IFRA MEMBERS WERE REMOVED FROM THE AMENDED BYLAWS). -ARTICLE III, SECTION 1 DUTIES AND AUTHORITY AND SECTION 2 NUMBER, TENURE, AND QUALIFICATIONS WERE CHANGED: THE BOARD OF DIRECTORS DUTY AND RESPONSIBILITIES INCLUDE RECOMMENDING TO THE MEMBERSHIP AMENDMENTS TO THE CERTIFICATE OF INCORPORATION AND BYLAWS. -NO DIRECTOR OF THE CORPORATION SHALL RECEIVE OR BE ENTITLED TO RECEIVE, DIRECTLY OR INDIRECTLY, ANY COMPENSATION FROM THE CORPORATION-EACH DIRECTOR SHALL ADHERE TO THE CORPORATION'S CURRENT BOARD OF DIRECTORS - ADDED SECTION 12 CONFLICT OF INTEREST POLICY AND CODE OF ETHICS AND CONDUCT: EACH DIRECTOR SHALL ADHERE TO THE CORPORATION'S CURRENT BOARD OF DIRECTOR CONFLICT OF INTEREST POLICY AND CODE OF ETHICS AND CONDUCT. -ARTICLE IV EXECUTIVE COMMITTEE: CHANGE TO SECTION 2 COMPOSITION, ELECTION, AND TERM. -ARTICLE V ADDITIONAL COMMITTEE: ADDITIONAL COMMITTEES INCLUDE FINANCE, NOMINATING AND SPECIAL COMMITTEES. -ARTICLE VII: THE PRESIDENT, WHILE NOT AN OFFICER OF THE CORPORATION, SHALL HAVE GENERAL SUPERVISION AND CONTROL OVER THE BUSINESS AND AFFAIRS OF THE CORPORATION, SUBJECT TO THE CONTROL OF THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS. THE PRESIDENT SHALL BE HIRED BY THE EXECUTIVE COMMITTEE, WITH THE APPROVAL OF THE BOARD OF DIRECTORS, AND SHALL REPORT TO BOTH THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THERE ARE THREE (3) MEMBERSHIP CATEGORIES: (A)ACTIVE MEMBERSHIP: ACTIVE MEMBERS SHALL BE EITHER FRAGRANCE ACTIVE MEMBERS OR CONSUMER PRODUCT ACTIVE MEMBERS. FRAGRANCE INGREDIENT ACTIVE MEMBERS SHALL BE LIMITED TO THOSE PERSONS, FIRMS, CORPORATIONS AND DIVISIONS OF THE CORPORATIONS PRIMARILY ENGAGED IN THE MANUFACTURE AND/OR SALE AND DISTRIBUTION OF FRAGRANCES OR FRAGRANCE INGREDIENTS AT OTHER THAN THE RETAIL LEVEL. CONSUMER PRODUCT ACTIVE MEMBERS SHALL BE LIMITED TO THOSE PERSONS, FIRMS, CORPORATIONS AND DIVISIONS OF THE CORPORATIONS PRIMARILY ENGAGED IN THE PURCHASE OF FRAGRANCES AND FRAGRANCE INGREDIENTS FOR FURTHER MANUFACTURE INCLUDING INCORPORATION INTO CONSUMER PRODUCTS AT THE RETAIL LEVEL. (B)ASSOCIATE MEMBERSHIP SHALL INCLUDE PERSONS, FIRMS AND CORPORATIONS ENGAGED AS BROKERS IN THE FRAGRANCE INDUSTRY. (C)SUPPORTING MEMBERSHIP SHALL INCLUDE PERSONS, FIRMS, CORPORATIONS AND DIVISIONS OF CORPORATIONS WHO WOULD QUALIFY AS CONSUMER PRODUCT ACTIVE MEMBERS, EXCEPT THAT REPRESENTATIVES OF SUCH SUPPORTING MEMBERS SHALL NOT BE ELIGIBLE TO SERVE ON THE CORPORATION'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | A MEETING OF THE MEMBERS OF THE CORPORATION FOR THE ELECTION OF DIRECTORS,OFFICERS, AND EXECUTIVE COMMITTEE, APPROVAL OF THE DUES SCHEDULE AND THE TRANSACTION OF ANY SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING IS HELD ANNUALLY AT SUCH TIME AND PLACE AS DESIGNATED BY THE BOARD OF DIRECTORS. NOTICE OF SUCH MEETING IS PROVIDED TO EACH MEMBER NO LESS THAN 10 NOR MORE THAN 40 DAYS PRIOR TO THE DAY ON WHICH THE MEETING IS TO BE HELD. EACH ACTIVE AND SUPPORTING MEMBER CORPORATION IS ENTITLED TO ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT THE ANNUAL MEETING OF MEMBERS. AT ALL MEETINGS OF MEMBERS, A QUORUM FOR THE TRANSACTION OF BUSINESS REQUIRES THE PRESENCE, IN PERSON OR BY PROXY, OF ONE THIRD (1/3) OF ALL ACTIVE MEMBERS. AS SOON AS PRACTICABLE FOLLOWING EACH ANNUAL MEETING OF MEMBERS AN ORGANIZATIONAL MEETING OF THE NEWLY ELECTED BOARD OF DIRECTORS IS HELD. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE CORPORATE MEMBERS APPROVE THE CORPORATION'S DUES SCHEDULE AND ANY AMENDMENTS OR REVISIONS TO THE CORPORATION'S BY-LAWS AFTER THE GOVERNING BODY HAS PROPOSED ANY SUCH CHANGE. THE BYLAWS AND THE CERTIFICATE OF INCORPORATION OF THE CORPORATION MAY BE ALTERED, AMENDED OR REPEALED ONLY BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE ENTIRE BOARD OF DIRECTORS, AND RATIFICATION AND APPROVAL BY THE AFFIRMATIVE VOTE OF A MAJORITY OF ALL MEMBERS ENTITLED TO VOTE AT A MEETING OF THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE RIFM 990 IS PREPARED BY THE RIFM INDEPENDENT AUDITORS UTILIZING DATA COMPILED DURING THEIR ANNUAL CERTIFIED AUDIT AS WELL AS DISCUSSION WITH RIFM STAFF AND THE RIFM TREASURER. A DRAFT OF THE 990 IS SUBMITTED TO RIFM MANAGEMENT, RIFM TREASURER AND MEMBERS OF THE RIFM EXECUTIVE COMMITTEE FOR THEIR REVIEW AFTER WHICH A MEETING WITH THE AUDITORS MAY BE REQUESTED TO FURTHER REVIEW THE 990 AND/OR RESPOND TO ANY QUESTIONS FROM THE RIFM BOARD OR EXECUTIVE COMMITTEE. A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY BEFORE FILING THE FORM. |
| FORM 990, PART VI, SECTION B, LINE 12C | AT THE ORGANIZATION MEETING OF THE NEWLY ELECTED BOARD OF DIRECTORS EACH YEAR, ALL BOARD MEMBERS ARE REQUESTED TO SIGN A CONFLICT OF INTEREST POLICY. AT THE SAME MEETING LEGAL COUNSEL REQUESTS THAT ANY BOARD MEMBER SPEAK TO HIM IN CONFIDENCE IF HE/SHE BELIEVES THEY MAY HAVE ANY CONFLICT OF INTEREST. ADDITIONALLY, ARTICLE IV, SECTION 12 ALSO ADDRESSES THIS MATTER. (SEE TEXT BELOW). ALL MEMBERS OF THE RIFM BOARD OF DIRECTORS RECEIVE COPIES OF THE RIFM BYLAWS UPON ELECTION TO THE RIFM BOARD. ARTICLE IV, SECTION 12. TRANSACTIONS INVOLVING DIRECTORS. NO CONTRACT OR OTHER TRANSACTION BETWEEN THE CORPORATION AND ANY OTHER CORPORATION AND NO ACT OF THE CORPORATION SHALL IN ANY WAY BE AFFECTED OR INVALIDATED BY THE FACT THAT ANY OF THE DIRECTORS OF THE CORPORATION SHALL BE DIRECTLY OR INDIRECTLY INTERESTED IN, OR SHALL BE DIRECTORS OR OFFICERS OF, SUCH OTHER CORPORATION. ANY DIRECTOR OR ANY FIRM OF WHICH ANY DIRECTOR MAY BE A MEMBER, MAY BE A PARTY TO, OR MAY BE DIRECTLY OR INDIRECTLY INTERESTED IN, ANY CONTRACT OR TRANSACTION OF THE CORPORATION; PROVIDED, HOWEVER, THAT THE FACT THAT HE OR SUCH FIRM SHALL BE SO INTERESTED SHALL BE DISCLOSED OR SHALL HAVE BEEN KNOWN TO THE BOARD OF DIRECTORS OR SUCH MEMBERS THEREOF AS SHALL BE PRESENT AT ANY MEETING OF THE BOARD OF DIRECTORS AT WHICH ACTION UPON ANY SUCH CONTRACT OR TRANSACTION SHALL BE TAKEN; AND ANY DIRECTOR OF THE CORPORATION WHO SHALL ALSO BE A DIRECTOR OR OFFICER OF SUCH OTHER CORPORATION OR WHO SHALL BE SO INTERESTED MAY BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT ANY MEETING OF THE BOARD OF DIRECTORS OF THE CORPORATION WHICH SHALL AUTHORIZE ANY SUCH CONTRACT OR TRANSACTION, AND MAY VOTE THEREAT TO AUTHORIZE ANY SUCH CONTRACT OR TRANSACTION, WITH LIKE FORCE AND EFFECT AS IF HE WERE NOT SUCH DIRECTOR OR OFFICER OF SUCH OTHER CORPORATION OR NOT SO INTERESTED. |
| FORM 990, PART VI, SECTION B, LINE 15 | TO DETERMINE COMPENSATION FOR THE RIFM PRESIDENT, THE RIFM USES A COMPARISON OF COMPENSATION BEING PAID FOR LIKE" POSITIONS IN OTHER SIMILAR ASSOCIATIONS AND COMMERCIAL COMPANIES IN THE NORTHEASTERN US. COMPENSATION IS DETERMINED IN CONJUNCTION WITH ANNUAL DISCUSSIONS AMONG THE RIFM PRESIDENT, CHAIRMAN OF THE BOARD AND RIFM TREASURER AND IS BASED ON A REVIEW OF ACCOMPLISHMENTS AND GOALS ACHIEVED DURING THE CALENDAR YEAR. COMPENSATION IS THEN AGREED UPON AND AUTHORIZED BY THE RIFM CHAIRMAN AND TREASURER. THE FULL RIFM EXECUTIVE COMMITTEE PARTICIPATE IN SUCH DISCUSSIONS. ANY DISCUSSION DECISION IS RECORDED IN THE MINUTES OF THE EXECUTIVE COMMITTEE MEETINGS AND THIS PROCESS WAS LAST UNDERTAKEN IN 2015. A RECRUITING FIRM WAS RETAINED TO SEARCH FOR THE NEW PRESIDENT IN NOVEMBER 2014. THE COMPENSATION WAS A MARKET RANGE BASED ON THE RECRUITERS EXPERIENCE AND THE FINAL COMPENSATION BASED ON NEGOTIATIONS BETWEEN THE BOARD OF DIRECTORS AND THE RECRUITER IN 2015. PERFORMANCE REVIEWS FOR RIFM TOP MANAGEMENT OFFICIALS ARE CONDUCTED ANNUALLY. EACH STAFF MEMBER MEETS WITH THEIR SUPERVISOR AND PREPARES THEIR FORMAL PERFORMANCE REVIEW INCLUDING THE FORMULATION OF GOALS CONSISTENT WITH BOARD GOVERNANCE AND INDUSTRY COMMITTEE REQUESTS. GOALS ARE MODIFIED DURING THE YEAR BASED ON PRIORITIES. OTHER ITEMS INCLUDED IN THE ANNUAL PERFORMANCE REVIEW INCLUDE KEY JOB RESPONSIBILITIES, PREVIOUS YEAR'S GOALS AND REVIEW, CURRENT YEAR'S GOALS, AREAS OF INTEREST AND DEVELOPMENT, SUPERVISOR'S COMMENTS. THE RIFM PRESIDENT THEN REVIEWS ALL STAFF FORMS AND ADDS HIS OWN COMMENTS. ALSO INCLUDED IN DISCUSSIONS ARE AREAS FOR POTENTIAL DEVELOPMENT FOR PERSONAL GROWTH. SPECIFIC STAFF/SUPERVISOR RECOMMENDATIONS ARE TAILORED TO THE INDIVIDUAL AND CAN REPRESENT FORMAL COURSE WORK, ADDITIONAL RESPONSIBILITIES, SPECIFIC SKILL STRENGTHENING AND ONE-ON-ONE COACHING. THE PERCENTAGE OF INCREASE GRANTED IS DETERMINED FROM THE FOLLOWING FACTORS: - AVERAGE PERCENTAGE OF INCREASE BEING GRANTED BY THE FRAGRANCE INDUSTRY TO THEIR EMPLOYEES; - EACH POSITION HAS A FORMAL JOB DESCRIPTION. - ALL POSITIONS ARE ASSIGNED A "SALARY RANGE" WITH STEPS MARKED AS BEGINNING, MID-POINT AND TOP BASED ON THE EXPERIENCE LEVEL OF THE INDIVIDUAL IN THAT POSITION. CONSIDERATION IS GIVEN TO ANY CHANGE IN AN EMPLOYEE'S "SKILL LEVEL" AT THE TIME OF THEIR PERFORMANCE REVIEW. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE INSTITUTE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST VIA EMAIL, US MAIL OR INSPECTION IN OFFICE WITH AN APPOINTMENT. |
| FORM 990, PART XI, LINE 2C | RIFM HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS IN 2015 AND STILL ABIDES BY THE SAME PROCESSES AS IN THE PRIOR YEAR. |
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