| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 4D - OTHER PROGRAM SERVICES: | INTERNATIONAL AEROSPACE ENVIRONMENTAL GROUP'S BIANNUAL MEETINGS BRING TOGETHER MEMBERS AND SUBJECT MATTER EXPERTS TO COLLABORATE ON WORK GROUPS AND SHARE CURRENT ACTIVITIES, WORK AND FUTURE PLANS RELEVANT TO THE ORGANIZATIONS' MISSION AND VISION. |
| FORM 990, PART VI, SECTION A, LINE 3: | CHRISTER HELLSTRAND, A FORMER OFFICER OF INTERNATIONAL AEROSPACE ENVIRONMENTAL GROUP, INC, IS THE OWNER OF HELLSTRAND CONSULTING, LLC. HELLSTRAND CONSULTING, LLC PROVIDED OPERATIONS MANAGEMENT, PROJECT MANAGEMENT AND CONTRACTOR MANAGEMENT FOR INTERNATIONAL AEROSPACE ENVIRONMENTAL GROUP, INC. (THROUGH THE END OF AUGUST 2023). BEGINNING IN APRIL 2023 CHRISTER BEGAN TRANSITIONING WORK TO GLOBAL INVENTURES, INC. GLOBAL INVENTURES, INC. THEN BEGAN PROVIDING EXECUTIVE DIRECTOR AND SENIOR PROGRAM MANAGEMENT SERVICES TO IAEG. |
| FORM 990, PART VI, SECTION A, LINE 4: | BYLAWS AND CERTIFICATE OF INCORPORATION WERE UPDATED IN FEBRUARY 2023. The purpose of the Corporation is to engage in any lawful act or activity for which nonprofit corporations may be organized under the General Corporation-Law of Delaware. The Corporation is formed exclusively within the meaning of Section 501(c)(6) of the Internal Revenue Code of 1986, as the same may be amended or modified or replaced by any future United States internal revenue law (the "Code"). In light of the existing and emerging laws, regulations, standards and/or expectations protecting human health and the environment, and/or relating to Environmental, Social, and Governance (ESG) issues, as they may differ worldwide, and as they may confront Aerospace Companies and their supply chains, the Corporation is organized and shall be operated exclusively to: (1) promote development of global standards published by an independent standards development organization; (2) create a Member forum for dialog and information exchange on potential industry and/or sectoral optional practices for implementation of environmental or ESG requirements and/or expectations; and (3) engage in any and all lawful activities incidental to the foregoing purposes except as restricted in the Bylaws of the Corporation; however, in each case above, excluding: (i) standards regarding aerospace product performance in use (e.g., including, without limitation, noise and emissions performance); and (ii) research and technology development other than that related to potential improvements in industrial or manufacturing processes or materials affected by environmental or ESG requirements and/or expectations. |
| FORM 990, PART VI, SECTION A, LINE 6: | SEE THE RESPONSE TO PART VI, SECTION A, LINE 7A. |
| FORM 990, PART VI, SECTION A, LINE 7A: | FOUNDING MEMBERS AND FULL MEMBERS ARE AEROSPACE COMPANIES AND HAVE THE RIGHT TO APPOINT AND/OR VOTE FOR MEMBERS OF THE BOARD OF DIRECTORS, AND TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS. LIAISON MEMBERS (ANY OTHER INTERESTED PARTIES) MAY PARTICIPATE IN IAEG'S ACTIVITIES, BUT DO NOT HAVE VOTING RIGHTS. |
| FORM 990, PART VI, SECTION B, LINE 11B: | THE RETURN IS PREPARED AND REVIEWED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM AND OUTSIDE LEGAL COUNSEL. THE TREASURER AND SECRETARY OF THE ORGANIZATION REVIEW AND APPROVE THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C: | INTERNATIONAL AEROSPACE ENVIRONMENTAL GROUP, INC. ENFORCES A CONFLICT OF INTEREST POLICY IN ORDER TO PREVENT THE PERSONAL OR FINANCIAL INTERESTS OF BOARD DIRECTORS OR COMMITTEE MEMBERS FROM INTERFERING WITH PERFORMANCE OF THEIR FIDUCIARY DUTIES TO THE ORGANIZATION. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER POTENTIAL CONFLICT TO THE DIRECTORS AND ANY RELEVANT COMMITTEE MEMBERS. AFTER DISCLOSURE OF THE POTENTIAL CONFLICT, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE POTENTIAL CONFLICT IS DISCUSSED AND VOTED UPON. THE REMAINING DIRECTORS OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE BOARD WILL FOLLOW THE PROCESS CALLED OUT IN THE POLICY. |
| FORM 990, PART VI, SECTION C, LINE 19: | INTERNATIONAL AEROSPACE ENVIRONMENTAL GROUP, INC.'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FROM THE GENERAL PUBLIC AND POSTED ON THE ORGANIZATION'S ONLINE WORK AREA FOR ALL VOLUNTEERS TO ACCESS FREELY. |
| FORM 990 PART IX LINE 11G | DESCRIPTION:CONSULTANT FEES TOTAL FEES:587318 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:SUB-CONTRACTOR FEES TOTAL FEES:34222 |
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