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 6 | THE ORGANIZATION WAS ORGANIZED AS A NONPROFIT ASSOCIATION WITH MEMBER COMPANIES. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER COMPANY ELECTS OR APPOINTS MEMBERS OF FPI'S GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | SOME GOVERNANCE DECISIONS SUCH AS ORGANIZATIONAL BUDGET, CHANGES TO BYLAWS AND DISSOLUTION OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY THE ENTIRE MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FPI PRESIDENT REVIEWS AND APPROVES THE FORM 990 |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, EACH MANAGEMENT PERSON IS REQUIRED TO COMPLETE A MANAGEMENT PERSON DISCLOSURE STATEMENT. THE ORGANIZATION REVIEWS ITS BUSINESS RELATIONSHIPS TO DETERMINE IF THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15A | PROCESS FOR DETERMINING COMPENSATION POLICY THIS POLICY ON THE PROCESS OF DETERMINING COMPENSATION OF THE FOODSERVICE PACKAGING INSTITUTE, INC. (FPI) APPLIES TO THE COMPENSATION OF FPI'S PRESIDENT.THE PROCESS INCLUDES ALL OF THE ELEMENTS: 1. REVIEW AND APPROVAL: THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY FPI'S BOARD OF DIRECTORS, BASED ON RECOMMENDATIONS BY THE COMPENSATION COMMITTEE (COMPRISED OF FPI'S CHAIR, VICE CHAIR AND IMMEDIATE PAST CHAIR), PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED WITH THIS REVIEW AND APPROVAL. 2. USE OF DATA AS TO COMPARABLE COMPENSATION: THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING:THERE IS CONTEMPORANEOUS DOCUMENATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE INSTITUTE WILL MAKE FORMS 1024 AND 990 AVILABLE UPON REQUEST. GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND ITS CONFLICT OF INTEREST POLICY ARE NOT PROVIDED TO THE GENERAL PUBLIC. |
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