Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee | The association's bylaws provide that the executive committee shall have the power to act for the governing body between meetings unless otherwise restricted by the governing body. |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Description of Members: Any pipeline, or company owning an interest in or operating a pipeline transporting petroleum, petroleum products, or other liquids is eligible for membership in the Association. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | All members have equal voting rights. Members act by majority vote. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | Members elect Board and Executive Committee members, and may vote on removal of Board members and calling of a special meeting of the membership. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | THE FORM 990 WAS PROVIDED TO MANAGEMENT and the board TO ENABLE THEM TO REVIEW THE RETURN, ASK QUESTIONS and approve the return filing. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | disclosure forms are signed by our governing board, officers, and employees.Procedures to manage conflicts. For each interest disclosed to the Chair of the Board of Directors, The Chair will: (A) determine whether to take action; (b) assure full disclosure to the Board of Directors and other individuals covered by this policy; (c) ask the person to recuse herself or himself from participation in related discussions or decisions within the Association; or (d) ask the person to resign from his or her position in the Association or, if the person refuses to resign, become subject to possible removal in accordance with the Association's removal procedures. The Association's President-CEO will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the Chair of the Board of Directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | Review and Approval: The Board of Directors will approve the compensation of the Association staff. Conflict of Interest: Any member of the Board of Directors with conflicts of interest with respect to the compensation of any member of the staff shall not be involved in this review and approval. Documentation: Decisions regarding compensation shall be documented and records retained. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | The documents are made available upon request. |
| Software ID: | 19009920 |
| Software Version: | 2019v5.0 |