TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2020
Open to Public
Inspection
Inspection
Name of the organization
POST TENSIONING INSTITUTE
Employer identification number
36-2870929
36-2870929
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 3 | On February 1, 2009, PTI began using a management company, Advancing Organizational Excellence (formerly Creative Association Management) to perform management duties customarily performed by or under direct supervision of officers, directors, or key employees. |
| Form 990, Part VI, Section A, Line 6 | Members are individuals and companies that are in the business of providing products and services related to post-tensioning construction who represent different groups. These groups include post-tensioning companies, prestressing steel manufacturers, engineering consultants, installation companies, vendors and other professionals. |
| Form 990, Part VI, Section A, Line 7a | Each post-tensioning company automatically has one representative on the Board. Members of other membership categories, including: Prestressing Steel Suppliers, Associates, Affiliates, Installing Companies, Consulting Companies and Professional Members nominate persons to represent their groups on the Board. The nominations are then presented to the Board. At the Board meeting, a director will put forth a motion that the nominee(s) for each membership category be elected to serve on the Board of Directors. The Board then votes to formally approve their appointment. The Board of Directors elects and Executive Committee which meets periodically to work on the Board of Directors' behalf. Any decisions or activities of the Executive Committee are presented to the Board of Directors. A legal counsel is present at all meetings to ensure that by-laws and other legal requirements are not violated. |
| Form 990, Part VI, Section B, Line 11b | Form 990 is reviewed by both the Executive Director and the Financial Director. |
| Form 990, Part VI, Section B, Line 12c | A person or persons in position of authority in the Post-Tensioning Institute (PTI) must avoid and disclose resolutions, decision, or policies made in the capacity that may benefit them individually and to the detriment of PTI and other members of PTI. This conflict of interest policy of PTI: 1)Defines conflicts of interest, 2)Identifies classes of individuals within PTI covered by this policy, 3)Facilitates disclosure of information that may help identify conflicts of interest, 4)Specifies procedures to be followed in managing conflicts of interest. 1. Definition of conflicts of interest: A conflict of interest arises when a person in a position of authority over PTI may benefit financially from a decision he or she could make in that capacity, including indirect benefits such as to family members or businesses with which the person is closely associated. This policy is focused upon material financial interest of or benefit to such persons. 2. Individuals covered: Persons covered by this policy are the PTI officers, directors, the executive director, the technical director and Chief employed finance executive. 3. Facilitation of disclosure: Persons covered by this policy will annually disclose or update to the President of the Board of Directors on a form provided by PTI, their interests that could give rise to conflicts of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliation with businesses and other organizations or those family members. 4. Procedures to mange conflicts: For each interest disclosed to the President of the BOD, the President will determine whether to A)Take no action, B)assure full disclosure to the BOD and other individuals covered by this policy, C)ask the person to recuse from participation in related discussions or decisions with PTI, or D)ask the person to resign from his or her position in PTI or, if the person refused to resign, become subject to possible removal in accordance with PTI's removal procedures. The PTI Executive Director and Chief Employed Finance Executive will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the President of the BOD in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred. |
| Form 990, Part VI, Section B, Line 15 | Compensation review and approval are determined by the management company which uses benchmarks of other non-profits. |
| Form 990, Part VI, Section C, Line 19 | All information is available upon request. |
| Form 990, Part XI, Line 9 | Scholarship Fund previously restricted moved with donor permission to unrestricted research revenue in 2020. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2020
Additional Data
| Software ID: | 20012124 |
| Software Version: | v1.00 |