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 | GOVERNING BODY AND MANAGEMENT B&c CONSORTIA MANAGEMENT, LCC PROVIDES MANAGEMENT SERVICES TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN NORTH AMERICAN METALS COUNCIL (NAMC) IS OPEN TO DOMESTIC METALS PRODUCERS AND ORGANIZATIONS THAT REPRESENT DOMESTIC METAL PRODUCERS. |
| FORM 990, PART VI, SECTION A, LINES 7A & 7B | ELECTION OF MEMBERS AND THEIR RIGHTS EACH MEMBER COMPANY APPOINTS A REPRESENTATIVE TO SERVE AS PART OF THE BOARD. THE COUNCIL GROUP'S CHAIR IS SELECTED BY A MAJORITY VOTE OF THE BOARD REPRESENTATIVES AND SERVES A 2-YEAR TERM. DECISIONS SUBJECT TO APPROVAL OF MEMBERS ALL MEMBERS ARE ELIGIBLE TO SERVE ON THE GOVERNING BODY AND THUS, WOULD BE IN A POSITION TO APPROVE GOVERNING BODY DECISIONS. IN GENERAL, ACTIONS TAKEN ARE BASED ON CONSENSUS. THE STEERING COMMITTEE ONLY ENGAGES IN DECISION MAKING IN CIRCUMSTANCES IN WHICH MEMBERS ARE NOT IN UNANIMOUS AGREEMENT. IN THOSE CIRCUMSTANCES, DECISIONS FOR THE ORGANIZATION WILL BE AUTHORIZED WHEN A QUORUM OF THE STEERING COMMITTEE MEMBERSHIP HAS VOTED AND THE MAJORITY OF THAT QUORUM ENDORSES THE PROPOSED DECISION. |
| FORM 990, PART VI, SECTION B, LINE 11B | B&C CONSORTIA MANAGEMENT, LLC, WHICH HAS CONTROL OVER MANAGEMENT DUTIES OF THE METALS COUNCIL, WILL PERFORM A DETAILED REVIEW OF THE FORM 990 AFTER IT IS PREPARED BY THE ENTITY'S CPA FIRM. AFTER ANY NECESSARY CHANGES ARE MADE, B&C CONSORTIA MANAGEMENT, LLC WILL RETAIN FINAL COPIES. |
| FORM 990, PART VI, SECTION B, LINE 14 | B&C CONSORTIA MANAGEMENT, LLC, WHICH HAS CONTROL OVER MANAGEMENT DUTIES OF THE ORGANIZATION, HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | PRIOR PERIOD ADJUSTMENT: $ 10,730 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:CONSULTING FEES TOTAL FEES:43482 |
| FORM 990EZ PART I LINE 20 | Description:ACCOUNT RECONCILIATION Amount:17980 |
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