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 1 | AUTHORITY OF THE EXECUTIVE BOARD: THE EXECUTIVE BOARD CONSISTS OF THE CHAIRMAN, VICE CHAIRMAN AND THE IMMEDIATE PAST CHAIRMAN OF THE EXECUTIVE ASSEMBLY, AS WELL AS SIX ADDITIONAL MEMBERS ELECTED BY THE MEMBERSHIP OF THE EXECUTIVE ASSEMBLY. THE EXECUTIVE BOARD HAS FULL POWER AND AUTHORITY TO THE EXTENT PERMITTED BY LAW TO MANAGE AND CONTROL PIPELINE RESEARCH COUNCIL INTERNATIONAL, INC. DURING INTERVALS BETWEEN MEETINGS OF THE EXECUTIVE ASSEMBLY. THE EXECUTIVE BOARD CANNOT AMEND THE ARTICLES OF INCORPORATION, AMEND OR REPEAL THE BYLAWS, ELECT AND/OR REMOVE OFFICERS, CHANGE DUES OR ASSESSMENTS, ADOPT A PLAN OF MERGER OR CONSOLIDATION, OR SELL, LEASE, EXCHANGE, MORTGAGE, PLEDGE, OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S PROPERTY. |
| FORM 990, PART VI, SECTION A, LINE 6 | PIPELINE RESEARCH COUNCIL INTERNATIONAL, INC. HAS FOUR CLASSES OF MEMBERSHIP: (1) PIPELINE OPERATING COMPANIES; (2) PIPELINE INDUSTRY ORGANIZATIONS; (3) FULL ASSOCIATE MEMBERS; AND (4) TECHNICAL PROGRAM ASSOCIATE MEMBERS. PIPELINE OPERATING COMPANIES HAVE FULL VOTING AND PARTICIPATION RIGHTS IN PRCI. PIPELINE INDUSTRY ORGANIZATION MEMBERS HAVE VOTING AND PARTICIPATION RIGHTS AS SET FORTH IN ANCILLARY AGREEMENTS. THE ASSOCIATE AND TECHNICAL PROGRAM ASSOCIATE MEMBERS ARE NON-VOTING MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF PIPELINE RESEARCH COUNCIL INTERNATIONAL, INC., APPOINT VOTING REPRESENTATIVES TO THE EXECUTIVE ASSEMBLY, WHICH IS THE GOVERNING BODY. THE EXECUTIVE ASSEMBLY ELECTS A CHAIR AND AN EXECUTIVE BOARD AND DELEGATES CERTAIN AUTHORITIES AND ACCOUNTABILITIES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990, INCLUDING THE REQUIRED SCHEDULES, IS PROVIDED TO THE MEMBERS OF THE EXECUTIVE ASSEMBLY PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. THE EXECUTIVE ASSEMBLY MEMBERS MAY COMMUNICATE ANY CONCERNS TO MANAGEMENT WHEN THE FORM 990 IS RECEIVED, OR THEY MAY DISCUSS IT AT AN EXECUTIVE ASSEMBLY MEETING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL STAFF AND EXECUTIVE ASSEMBLY MEMBERS ARE COVERED BY A CONFLICT OF INTEREST POLICY. ALL TRANSACTIONS ARE REVIEWED AND APPROVED BY THE PRESIDENT OR THE VICE PRESIDENT OF OPERATIONS. THIS REVIEW INCLUDES A CONSIDERATION OF POTENTIAL CONFLICT OF INTEREST OF THE PARTIES. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, THE MATTER IS REFERRED TO CORPORATE COUNSEL. IF A CONFLICT DOES EXIST, THE PARTY WILL BE EXCLUDED FROM THE ACTION CAUSING THE CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE PRESIDENT OF PIPELINE RESEARCH COUNCIL INTERNATIONAL, INC., IS DETERMINED BY A PROCESS THAT INCLUDES: (A) APPROVAL IN ADVANCE BY THE EXECUTIVE ASSEMBLY OR A DELEGATED COMMITTEE COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT; (B) RELIANCE BY THE EXECUTIVE ASSEMBLY OR DELEGATED COMMITTEE ON COMPARABLE DATA THAT DEMONSTRATE THE FAIR MARKET VALUE OF THE COMPENSATION; (C) DOCUMENTATION THAT SHOWS HOW THE EXECUTIVE ASSEMBLY OR DELEGATED COMMITTEE REACHED ITS DECISIONS; AND (D) WRITTEN OR ELECTRONIC RECORDS DETAILING THE PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | PIPELINE RESEARCH COUNCIL INTERNATIONAL, INC., DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND/OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| PART XII, LINE 2C | THE ORGANIZATION HAS NOT CHANGED EITHER ITS AUDIT OVERSIGHT PROCESS OR ITS AUDIT SELECTION PROCESS DURING THE YEAR. |
| Software ID: | |
| Software Version: |