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 | TO PROVIDE MEMBERS AND THE NON-FERROUS FOUNDRY INDUSTRY WITH INFORMATION AND SERVICES RELEVANT TO THEIR CURRENT AND FUTURE BUSINESS NEEDS. TO EFFECTIVELY REPRESENT THE CONCERNS AND INTERESTS OF THE NON-FERROUS METAL CASTING INDUSTRY. |
| FORM 990, PAGE 6, PART VI | ALL MEMBERS OF THE BOARD OF DIRECTORS HAVE EQUAL VOTING RIGHTS EXCEPT FOR THE IMMEDIATE PAST PRESIDENT WHO SERVES IN AN ADVISORY CAPACITY AND IS A NON-VOTING MEMBER |
| FORM 990, PAGE 6, PART VI, LINE 1A | THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS AND THREE OTHER DIRECTORS AND IS CHARGED WITH THE ACTIVE MANAGMENT OF THE ORGANIZATION BETWEEN BOARD MEETINGS AND CARRIES FULL AUTHORITY AND POWER TO ACT FOR THE BOARD WHENEVER IT IS DEEMED IMPRACTICAL OR INEXPEDIENT TO CONVENE OR TO POLL THE FULL BOARD OF DIRECTORS. THE IMMEDIATE PAST PRESIDENT IS A NON-VOTING MEMBER OF THE EXECUTIVE COMMITTEE. AUTHORITY INCLUDES, BUT IS NOT LIMITED TO THE OVERSIGHT OF: PERSONNEL MATTERS FINANCIAL MATTERS OTHER OPERATING MATTERS THAT MAY ARISE ANY ACTIONS TAKEN ARE REPORTED TO THE FULL BOARD OF DIRECTORS AT THE NEXT REGULARY SCHEDULED BOARD MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 2 | GEORGE MUGFORD JASON MUGFORD DIRECTOR DIRECTOR FAMILY RELATIONSHIP |
| FORM 990, PAGE 6, PART VI, LINE 4 | THE ORGANIZATION AMENDED ITS BYLAWS ON FEBRUARY 10, 2020. A COPY OF THE AMENDED BYLAWS ARE ATTACHED. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE ORGANIZATION HAS TWO CLASSES OF MEMBERS: REGULAR AND ASSOCIATE. REGULAR MEMBERS HAVE VOTING RIGHTS, ASSOCIATE MEMBERS DO NOT HAVE VOTING RIGHTS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | BOARD ELECTIONS ARE RATIFIED BY MEMBERS ASSEMBLED IN THE ANNUAL GENERAL SESSION |
| FORM 990, PAGE 6, PART VI, LINE 7B | MEMBERS REVIEW AND APPROVE BOARD ACTIONS ANNUALLY AT THE ANNUAL GENERAL SESSION OF THE ORGANIZATION |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 BEFORE IT IS GIVEN TO THE GENERAL DIRECTOR FOR SIGNATURE AND FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE ORGANIZATION'S EXECUTIVE COMMITTEE MEMBERS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY EVERY YEAR. BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE POLICY AT THE START OF EACH THREE YEAR TERM. THE BOARD MEMBERS ARE RESPONSIBLE FOR COMING FORWARD IF A CONFLICT ARISES DURING THE THREE YEAR TERM OF OFFICE. IF THERE IS A CONFLICT, THE BOARD OF DIRECTORS ARE NOTIFIED AND THE INDIVIDUAL EITHER MUST RESOLVE THE CONFLICT OR RESIGN. |
| FORM 990, PAGE 6, PART VI, LINE 15A | ONCE EACH YEAR, THE ORGANIZATION'S EXECUTIVE COMMITTEE DETERMINES WHAT THE COMPENSATION FOR THE EXECUTIVE DIRECTOR POSITION WILL BE. THIS IS BASED UPON SALARIES FOR SIMILAR QUALIFIED PERSONS IN COMPARABLE POSITIONS IN SIMILARLY SITUATED TRADE ASSOCIATIONS. THE BOARD APPROVES THE FINAL COMPENSATION AMOUNT AS PART OF THE ANNUAL OPERATING BUDGET. |
| FORM 990, PAGE 6, PART VI, LINE 15B | SALARIES FOR KEY EMPLOYEES ARE DETERMINED BY THE EXECUTIVE COMMITTEE BASED UPON SALARIES PAID FOR INDIVIDUALS IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS. INDIVIDUALS ARE LOCATED TO FILL CERTAIN NEEDS OF THE ORGANIZATION AND THE SALARY IS NEGOTIATED TO SECURE THAT EMPLOYEE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS ARE PUBLISHED IN THE MEMBERSHIP DIRECTORY AND MADE AVAILABLE UPON REQUEST. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE PUBLISHED IN THE ORGANIZATION'S ANNUAL REPORT, WHICH IS DISTRIBUTED TO MEMBERS AND NON-MEMBERS AND IS ALSO AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | GOVERNMENT AFFAIRS 28,932 0 0 401K MEP 1,446 0 0 AMC PROJECT 649,121 0 0 TOTAL 679,499 0 0 |
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