Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | FORM 990 - PART III PAGE 2 NO. 1 TO BE A GLOBAL AUTHORITY ON PUMPS AND PUMPING SYSTEMS. TO BE A VALUE ADDING RESOURCE TO MEMBER COMPANIES AND PUMP USERS WORLDWIDE BY DEVELOPING INDUSTRY STANDARDS, EDUCATION AND PROVIDING A FORUM FOR THE EXCHANGE OF INDUSTRY INFORMATION. |
| FORM 990, PAGE 2, PART III, LINE 4C | THE HYDRAULIC INSTITUTE HELD ITS ANNUAL MEETING ON FEB 27 - MARCH 2, 2019. THIS CONFERENCE HAD NUMEROUS TECHNICAL, MARKETING, AND MANAGEMENT COMMITTEE MEETINGS AND SESSIONS. MEETING HIGHLIGHTS ARE AS FOLLOWS: ANNUAL MEETING, FEB 27, 2019 ST. PETERSBURG, FL. VINOY HOTEL : EDUCATIONAL SESSIONS, INDUSTRY BRIEFINGS,AND ECONOMIC UPDATE. TECHNICAL MEETING, JUNE 10-13, SHERATON WESTPORT CHALET HOTEL, ST. LOUIS MO 2019 : TECHNICAL AFFAIRS UPDATE, PUMP KNOWLEDGE WORKSHOP, AND TECHNICAL COMMITTEE MEETINGS. MARKET OUTLOOK, AUGUST 7-9, 2019 OMNI SAN DIEGO HOTEL, SAN DIEGO, CA: PUMP AND VALUE MARKET UPDATES, SCENARIOS AND FORECASTS FOR VARIOUS USERS OF PUMPS AND SYSTEMS. FALL MEETING, OCTOBER 27, 2019 PITTSBURGH, PA: PUMP KNOWLEDGE WORKSHOP, PANEL SESSIONS, AND PUMP INDUSTRY LEADERS OF TOMORROW PROGRAM. |
| FORM 990, PAGE 2, PART III, LINE 4D | THE HYDRAULIC INSTITUTE PUBLISHES INDUSTRY STANDARDS, THE ENGINEERING DATA BOOK, SEALING GUIDELINES, THE LCC GUIDE, THE VSP GUIDE, THE OPTIMIZING SYSTEMS GUIDE, POWER PLANT GUIDELINE, PUMP TEST LAB APPROVAL GUIDE AND OFFERS SUBSCRIPTIONS TO ECONOMIC REPORTS ABOUT THE PUMPING INDUSTRY. THESE PUBLICATIONS PROVIDE INFORMATION FOR PUMP USERS TO ENABLE THEM TO MAXIMIZE EFFECTIVE APPLICATION TESTING, INSTALLATION, OPERATION AND MAINTENANCE OF PUMPS AND PUMING SYSTEMS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERSHIP-ELIGIBILITY TO APPLY FOR MEMBERSHIP SHALL BE OPEN TO CORPORATIONS AND FIRMS ENGAGED IN THE MANUFACTURE OF PUMP OR PUMP-RELATED PRODUCTS INCLUDING SOFTWARE FOR THE USE IN OR WITH PUMPING SYSTEMS, PROVIDED THE CORPORATION OR FIRM SELLS INTO THE NORTH AMERICAN MARKET. THE MANUFACTURE AND SALE OF THESE PUMPS SHALL HAVE TAKEN PLACE FOR AT LEAST ONE YEAR. EACH MEMBER SHALL BE REPRESENTED IN THE INSTITUTE, AND THE MEMBERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING OF THE INSTITUTE. DISSOLUTION OF THE CORPORATION IS UPON THE UNANIMOUS VOTE OF ALL THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | MEMBERSHIP-ELIGIBILITY TO APPLY FOR MEMBERSHIP SHALL BE OPEN TO CORPORATIONS AND FIRMS ENGAGED IN THE MANUFACTURE OF PUMP OR PUMP-RELATED PRODUCTS INCLUDING SOFTWARE FOR THE USE IN OR WITH PUMPING SYSTEMS, PROVIDED THE CORPORATION OR FIRM SELLS INTO THE NORTH AMERICAN MARKET. THE MANUFACTURE AND SALE OF THESE PUMPS SHALL HAVE TAKEN PLACE FOR AT LEAST ONE YEAR. EACH MEMBER SHALL BE REPRESENTED IN THE INSTITUTE, AND THE MEMBERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING OF THE INSTITUTE. DISSOLUTION OF THE CORPORATION IS UPON THE UNANIMOUS VOTE OF ALL THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | MEMBERSHIP-ELIGIBILITY TO APPLY FOR MEMBERSHIP SHALL BE OPEN TO CORPORATIONS AND FIRMS ENGAGED IN THE MANUFACTURE OF PUMP OR PUMP-RELATED PRODUCTS INCLUDING SOFTWARE FOR THE USE IN OR WITH PUMPING SYSTEMS, PROVIDED THE CORPORATION OR FIRM SELLS INTO THE NORTH AMERICAN MARKET. THE MANUFACTURE AND SALE OF THESE PUMPS SHALL HAVE TAKEN PLACE FOR AT LEAST ONE YEAR. EACH MEMBER SHALL BE REPRESENTED IN THE INSTITUTE, AND THE MEMBERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING OF THE INSTITUTE. DISSOLUTION OF THE CORPORATION IS UPON THE UNANIMOUS VOTE OF ALL THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 IS PROVIDED IN DRAFT FORM TO THE MEMBERS OF THE FINANCE/AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE FINAL DRAFT IS REVIEWED BY THE CONTROLLER, EXECUTIVE DIRECTOR AND FINANCE/AUDIT COMMITTEE PRIOR TO ITS FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | DIRECTORS, OFFICERS AND EMPLOYEES HAVE A CONTINUING DUTY TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE. A COPY OF THIS POLICY IS FURNISHED FOR EACH DIRECTOR, OFFICER AND EMPLOYEE WHO IS PRESENTLY SERVING THE HYDRAULIC INSTITUTE, INC. AND IS INCLUDED IN THE ORIENTATION PACKAGE OF ALL FUTURE DIRECTORS, OFFICERS AND EMPLOYEES. ALL DIRECTORS AND OFFICERS ANNUALLY, AND EMPLOYEES UPON EMPLOYMENT, SIGN ACKNOWLEDGEMENTS THAT THEY HAVE RECEIVED A COPY OF, UNDERSTAND AND WILL COMPLY WITH THIS POLICY. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE CEO APPOINTMENT IS SCREENED AND APPROVED BY THE GOVERNING BOARD. CEO COMPENSATION IS DETERMINED AND APPROVED BY THE GOVERNING BOARD. AN EMPLOYMENT CONTRACT IS OBTAINED. |
| FORM 990, PAGE 6, PART VI, LINE 15B | KEY EMPLOYEES ARE SCREENED BY THE EXECUTIVE DIRECTOR AND APPOINTED WITH THE ADVICE AND CONSENT OF THE GOVERNING BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 19 | BY-LAWS AND MANY COMPANY POLICIES AND PROCEDURES ARE AVAILABLE ON THE COMPANY WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | 14,000 |
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