| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 1a | There are seven (7) voting members and eight (8) members of the PMI Board of Directors. The PMI Bylaws, Article VII- Board of Directors, Section 1, states: The management of PMI and its affairs shall be vested in a Board of Directors consisting of the President, Vice President, and Secretary-Treasurer and the Immediate Past President, as an ex officio nonvoting member, plus four directors at large. |
| Form 990, Part VI, Section A, line 6 | The organization has the following members: (a) Regular Membership. The regular membership of PMI shall consist of any legal entity of whatever form, including subsidiaries or divisions thereof, having as a principal function the manufacture of a significant quantity of one or more plumbing industry products that are marketed and sold within the territorial limits of the United States and Canada. For the purpose of these Bylaws, "manufacture" shall include the following: the production of industry products by the transformation of raw or prepared materials, or the addition of value to or assembly of industry products from parts manufactured by others if said parts use molds, or tooling, or other equipment supplied, or owned, or specially designed by or for the party doing the assembling. (b) Allied Membership. The Board of Directors in its discretion may establish one or more categories of allied membership. For any such category established hereunder, the Board of Directors shall set allied membership qualifications for such category, establish dues, assessments and fees, set application and procedural requirements and fix the rights, privileges and duties of allied membership, except that allied members, referred to hereinafter as "allied members," shall not have the right to vote, the right to hold office or such other rights or privileges as may have been, or may be, denied them or restricted from time to time by the Board of Directors and shall not be considered members or within the membership of PMI for the purpose of these Bylaws. The allied membership of PMI shall consist of any legal entity of whatever form, including subsidiaries or divisions thereof, that (i) meets the allied membership qualifications for its category set by the Board of Directors; (ii) supports the objectives of PMI; and (iii) is not otherwise eligible for regular membership. |
| Form 990, Part VI, Section A, line 7a | The management of PMI and its affairs shall be vested in a Board of Directors consisting of the President, Vice President, and Secretary-Treasurer and the Immediate Past President as an ex officio nonvoting member, plus four directors at large ("Directors"). Two (2) Directors shall be elected by the members annually for two (2) year terms and may be re-elected to serve one or more additional terms. No person shall be eligible to be a member of the Board of Directors unless he or she is an individual member of PMI or an employee of a PMI member. No person shall be eligible to be a member of the Board of Directors if he or she is an individual member of PMI or an employee of a PMI member which already has another of its employees serving as a member of the Board of Directors. No PMI member may have more than one employee serving as a member of the Board of Directors at one time. Directors serve as members of the Board of Directors in their individual capacities and are not the designees of their respective employers or PMI members, nor will their service as members of the Board of Directors be deemed to be Board of Directors memberships held by the PMI members themselves. |
| Form 990, Part VI, Section A, line 7b | Every member of the organization shall be entitled to one vote on each matter brought to a vote at any membership meeting. A member may authorize only one representative to cast a vote for the member and such representative may vote in person or by proxy. Any action may be taken by PMI at any meeting where a quorum is present upon a vote of a majority of those voting, unless otherwise provided the PMI's Certificate of Incorporation, these Bylaws or law. |
| Form 990, Part VI, Section B, line 11b | The executive director reviews the return prior to filing. |
| Form 990, Part VI, Section B, line 12c | Annual review by the board of directors. |
| Form 990, Part VI, Section B, line 15 | The organization utlizes salary survey and independent compensation consultant and contemporaneously documents the deliberations and decisions regarding the compensation arrangement. |
| Form 990, Part VI, Section C, line 19 | Governing documents and IRS Information Return Form 990 are available to the public upon request. |
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