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 4 | IN MAY 2019, THE ASSOCIATION CHANGED THEIR BY-LAWS (1) TO ENABLE A BOARD MEMBER TO REMAIN ON THE BOARD IF THEY SEPARATE FROM THEIR COMPANY, AND (2) TO CLARIFY THAT IF THE MEMBERSHIP SUBMITS A CANDIDATE FOR THE BOARD THAT THE ELECTION IS AMONG THE NOMINATED CANDIDATES FOR THAT CLASS OF MEMBERS (I.E., IF THE MEMBERS PROPOSE A MANUFACTURER CANDIDATE, THE ELECTION IS AMONG THE MANUFACTURER CANDIDATES) SO THAT THE BALANCE OF THE BOARD BETWEEN MANUFACTURERS AND SUPPLIERS IS MAINTAINED. |
| FORM 990, PART VI, SECTION A, LINE 6 | BUSINESS ENTITIES AND PERSONS ENGAGED IN THE COMPOSITES INDUSTRY ARE ELIGIBLE TO BECOME MEMBERS OF THE ASSOCIATION. MEMBERSHIP CLASSES CONSIST OF THE FOLLOWING: REGULAR - ANY PERSON OR BUSINESS ENGAGED IN MOLDING COMPOSITE PRODUCTS IS ELIGIBLE FOR REGULAR MEMBERSHIP IN THE ASSOCIATION. ASSOCIATE - ANY PERSON OR BUSINESS ENGAGED IN THE MANUFACTURE OR SALE OF PRODUCTS OR SERVICES IS ELIGIBLE FOR ASSOCIATE MEMBERSHIP IN THE ASSOCIATION. AFFILIATE - ANY PERSON OR BUSINESS ENTITY NOT ELIGIBLE FOR REGULAR OR ASSOCIATE MEMBERSHIP MAY BE ELIGIBLE FOR AFFILIATE MEMBERSHIP UPON BEING APPROVED BY A MAJORITY VOTE OF THE BOARD. AFFILIATE MEMBERS HAVE NO VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH REGULAR AND ASSOCIATE MEMBER SHALL APPOINT AND REGISTER WITH THE SECRETARY OF THE ASSOCIATION A PERSON TO BE ITS REPRESENTATIVE IN THE ASSOCIATION WHO SHALL REPRESENT, VOTE AND ACT FOR THE MEMBER IN ALL OF ITS AFFAIRS WITH THE ASSOCIATION. EACH REGULAR AND ASSOCIATE MEMBER IS ENTITLED TO ONE VOTE ON SUCH OCCASIONS. |
| FORM 990, PART VI, SECTION A, LINE 7B | WHENEVER A QUESTION ARISES WHICH THE BOARD BELIEVES SHOULD BE PUT TO A VOTE OF THE MEMBERS, THE BOARD MAY SUBMIT SUCH A MATTER FOR VOTE. THE RESULTS SHALL BE DETERMINED ACCORDING TO A MAJORITY OF THE VOTES RECEIVED BY THE SECRETARY WITHIN TWO WEEKS AFTER SUCH SUBMISSION. THE RESULTS OF THE MAJORITY VOTE SHALL BE BINDING UPON THE ASSOCIATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FEDERAL FORM 990 IS REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, PRESIDENT, CHAIRMAN, CHAIRMAN - ELECT/TREASURER, AND IMMEDIATE PAST CHAIRMAN, WHO MAKE UP THE COMPENSATION COMMITTEE. A COPY OF THE FEDERAL FORM 990 IS ALSO FORWARDED TO THE FULL BOARD OF DIRECTORS PRIOR TO THE FILING OF THE 990 WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | NEWLY ELECTED BOARD MEMBERS ARE COVERED ON THIS POLICY DURING THE ORIENTATION AND ALL BOARD MEMBERS ARE COVERED IN THE BOARD RESOURCE BOOK PROVIDED ANNUALLY. THE EMPLOYEE HANDBOOKS INCLUDE THE WRITTEN POLICY, AND STAFF IS COVERED ANNUALLY IN THE STAFF MEETINGS. MEMBERS OF THE BOARD ARE EDUCATED ON COMPLIANCE AND ARE REQUIRED TO DISCLOSE KNOWLEDGE OF ANY ISSUES. QUESTIONS REGARDING A PARTICULAR SITUATION MUST BE DISCUSSED WITH THE ACMA'S CHIEF EXECUTIVE OR GENERAL COUNSEL TO DETERMINE WHETHER A CONFLICT EXISTS AND, IF SO, HOW THE CONFLICT SHOULD BE RESOLVED. FAILURE TO DO SO MAY RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CHAIRMAN OF THE BOARD, CHAIRMAN-ELECT OF THE BOARD, AND THE PAST CHAIRMAN OF THE BOARD SIT ON THE COMPENSATION COMMITTEE AND DETERMINE THE COMPENSATION OF THE OFFICERS. THE PROCESS SOMETIMES INCORPORATES THE INDUSTRY DATA AND AT OTHER TIMES IT INCORPORATES WHAT THE BUDGET CAN BEAR. REVIEWS ARE CONDUCTED ANNUALLY IN CONJUNCTION WITH THE BUDGET APPROVAL. THE MOST RECENT REVIEW WAS CONDUCTED IN MAY 2017. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE GENERAL PUBLIC. THE ASSOCIATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |
| FORM 990, PART IX, LINE 11G | MARKET DEV. & DIVISIONAL ACTIVITIES 302,648. MARKETING & COMMUNICATIONS 279,399. MEMBERSHIP 147,732. CERTIFICATION 110,624. |
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