Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | IAEE HAS A MANAGEMENT SERVICE AGREEMENT WITH ADMINISTRATIVE MANAGEMENT SERVICE, INC. (AMS), WHICH HAS BEEN EXTENDED THROUGH DECEMBER 31, 2022. IN ACCORDANCE WITH THE TERMS OF THE AGREEMENT, IAEE WILL PAY AN ANNUAL FEE AND OUT-OF-POCKET INCURRED BY AMS. ADMINISTRATIVE AND MANAGEMENT FUNCTIONS ARE PERFORMED BY EMPLOYERS OF AMS. THE ASSOCIATION DOES NOT DETERMINE OR AUTHORIZE COMPENSATION OF AMS EMPLOYEES. THE ASSOCIATION REVIEWS AND APPROVES A CONTRACT FOR SERVICES WITH AMS. |
| FORM 990, PART VI, SECTION A, LINE 6 | ANY PERSON INTERESTED IN THE ECONOMICS OF ENERGY AND WILLING TO PURSUE THE OBJECTIVES AND ABIDE BY THE POLICIES OF THE ASSOCIATION IS ELIGIBLE FOR MEMBERSHIP. COUNCIL, AT ITS DISCRETION, MAY ESTABLISH VARIOUS CLASSES OF MEMBERSHIP SUCH AS DIRECT MEMBERS, AFFILIATE MEMBERS, STUDENT MEMBERS, STUDENT AFFILIATE MEMBERS, HONORARY MEMBERS, ETC. SUCH CLASSES MAY CARRY DIFFERENT DUE RATES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE PRESIDENT-ELECT, VICE PRESIDENT FINANCE, VICE PRESIDENT FOR CONFERENCES, VICE PRESIDENT FOR PUBLICATIONS, VICE PRESIDENT FOR ACADEMIC AFFAIRS, VICE PRESIDENT FOR BUSINESS AND GOVERNMENT AFFAIRS AND VICE PRESIDENT FOR COMMUNICATIONS SHALL BE ELECTED BY THE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | EACH MEMBER SHALL HAVE ONE VOTE FOR EACH OFFICE IN REGULAR ASSOCIATION ELECTIONS OR ON ANY MATTER SUBMITTED AT ANY TIME BY COUNCIL TO A VOTE OF THE MEMBERSHIP. MEMBERS MAY VOTE AT MEETINGS OF THE MEMBERS IN PERSON OR BY OTHER MEANS AS APPROVED BY COUNCIL FROM TIME TO TIME (E.G., MAIL, ELECTRONIC BALLOT, VIRTUAL VOTE, ETC.) |
| FORM 990, PART VI, SECTION B, LINE 10B | AN AFFILIATE IS A GROUP OF INDIVIDUALS RECOGNIZED BY COUNCIL, USUALLY OF LIKE NATIONALITY, HAVING SIMILAR PURPOSES TO THAT OF THE ASSOCIATION, AND WILLING TO ABIDE BY THE POLICIES OF THE ASSOCIATION WITH RESPECT TO ANY ACTIVITIES OF THE AFFILIATE CLAIMED TO BE UNDERTAKEN IN THE NAME OF THE ASSOCIATION. THE ASSOCIATION AND EACH OF ITS AFFILIATES ARE INDEPENDENT OF EACH OTHER AND SHARE ONLY A COMMON INTEREST IN THE PURPOSES OF THE ASSOCIATION AND HAVE NO LIABILITY OR RESPONSIBILITY TO OR FROM ONE ANOTHER, NOR ANY ACTS OR OMISSION OF THE OTHER. THE STRUCTURE AND INTERNAL ORGANIZATION OF EACH AFFILIATE IS AT THE DISCRETION OF THE MEMBERSHIP OF THE AFFILIATE, EXCEPT THAT, TO WARRANT APPROVAL AS AN IAEE AFFILIATE, EACH AFFILIATE SHALL HAVE A PRESIDENT OR EQUIVALENT OFFICER, ELECTED BY A PLURALITY OF ITS MEMBERS, WHO IS RESPONSIBLE FOR PRIMARY LIAISON WITH THE ASSOCIATION. EACH AFFILIATE SHALL ALSO ELECT OR APPOINT OFFICERS FOR LIAISON WITH THE NATIONAL OFFICERS RESPONSIBLE FOR MEMBERSHIP AND THE NEWSLETTER. EACH AFFILIATE'S BYLAWS OR OTHER ORGANIZING OR LEGAL DOCUMENTS SHOULD CLEARLY STATE ITS FUNCTIONAL AND LEGAL INDEPENDENCE FROM THE ASSOCIATION. APPROVAL OF AFFILIATE STATUS MAY BE REVOKED BY COUNCIL AT ANY TIME IN SUCH MANNER AND AFTER SUCH INVESTIGATION AS THE COUNCIL MAY DEEM NECESSARY AFTER APPROPRIATE DISCUSSION WITH ANY REMAINING MEMBERS OF THE AFFILIATE. IF THE MEMBERSHIP OF ANY AFFILIATE FALLS BELOW TWENTY MEMBERS IN GOOD STANDING, COUNCIL SHALL CONSIDER WHETHER TO REVOKE AFFILIATE STATUS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FROM 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS AND REVIEWED BY THE EXECUTIVE DIRECTOR AND FINANCE COMMITTEE. THE FORM IS DISTRIBUTED ELECTRONICALLY TO FULL COUNCIL PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ASSOCIATION AND EACH OF ITS AFFILIATES ARE INDEPENDENT OF EACH OTHER AND SHARE ONLY A COMMON INTEREST IN THE PURPOSES OF THE ASSOCIATION AND HAVE NO LIABILITY OR RESPONSIBILITY TO OR FROM ONE ANOTHER, NOR ANY ACTS OR OMISSION OF THE OTHER. COUNCIL MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. THE EXECUTIVE DIRECTER AND COUNCIL PRESIDENT REVIEW THE FORMS AND WOULD FOLLOW UP ON ANY CONFLICTS IDENTFIED. NO SUCH CONFLICTS HAVE BEEN DISCLOSED IN CURRENT YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15 | DAVID L WILLIAMS JR IS COMPENSATED THROUGH ADMINISTRATIVE MANAGEMENT SERVICES (AMS) WHICH IS CONTRACTED TO PROVIDE ADMINISTRATIVE SERVICES TO IAEE. |
| FORM 990, PART VI, SECTION C, LINE 18 | CURRENT GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION AND EACH OF ITS AFFILIATES ARE INDEPENDENT OF EACH OTHER AND SHARE ONLY A COMMON INTEREST IN THE PURPOSES OF THE ASSOCIATION AND HAVE NO LIABLIITY OR RESPONSIBILITY TO OR FROM ONE ANOTHER, NOR ANY ACTS OR OMISSION OF THE OTHER. |
| FORM 990, PART XII, LINE 2C: | THE ANNUAL AUDITED FINANCIAL STATEMENTS, PREPARED BY INDEPENDENT AUDITORS, ARE REVIEWED WITH MANAGEMENT, PRESENTED AND REVIEWED WITH FINANCE COMMITTEE AND APPROVED BY THE COUNCIL MEMBERS. |
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