FORM 990, PART VI, SECTION A, LINE 6 |
THE ORGANIZATION HAS FOUR MEMBERSHIP CLASSIFICATIONS IN THE ASSOCIATION: GENERAL, INDIVIDUAL, AFFILIATE AND HONORED LIFE MEMBERS. GENERAL MEMBERS: ANY COMPANY OR ORGANIZATION WHOSE PRIMARY BUSINESS OBJECTIVE IS TO SUPPLY GOODS OR SERVICES USED BY AN END PRODUCT MANUFACTURER. ALSO, ANY COMPANY OR ORGANIZATION WHOSE PRIMARY BUSINESS OBJECTIVE IS THE MANUFACTURE, SALE, OR RENTAL OF PRODUCTS MADE IN WHOLE OR IN PART FROM INDUSTRIAL/TECHNICAL FABRICS. INDIVIDUAL MEMBERS: AN INDIVIDUAL WHO WISHES TO BUY A MEMBERSHIP THAT IS NOT PART OF AN ELIGIBLE COMPANY OR ORGANIZATION. AFFILIATE MEMBERS: OTHER ASSOCIATIONS, PUBLICATIONS, ACCREDITED POST-SECONDARY INSTITUTIONS AND GOVERNMENT AGENCIES. HONORED LIFE MEMBERS: ANY INDIVIDUAL, BY APPROVAL AND AT THE DISCRETION OF THE BOARD OF DIRECTORS, CAN BE GRANTED THE DESIGNATION. THE HONOR MAY BE BESTOWED ON AN INDIVIDUAL WHO IS A LONGSTANDING END PRODUCT MANUFACTURER OR SUPPLIER MEMBER OF THE ASSOCIATION WHO ALSO MEETS TWO OTHER QUALIFICATIONS DOCUMENTED IN THE BYLAWS. |
FORM 990, PART VI, SECTION A, LINE 7A |
THE GENERAL MEMBERSHIP OF THE ORGANIZATION HAS THE RIGHT TO ELECT DIRECTORS TO THE GOVERNING BODY. |
FORM 990, PART VI, SECTION A, LINE 7B |
THE GENERAL MEMBERS VOTE ON ANY BOARD ELECTIONS AND ALL BYLAW CHANGES. |
FORM 990, PART VI, SECTION A, LINE 8B |
THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 IS REVIEWED BY THE VP FINANCE AND THEN PRESENTED TO THE PRESIDENT. THE PRESIDENT REVIEWS AND SIGNS THE FORM 990 BEFORE SUBMISSION TO THE INTERNAL REVENUE SERVICE. |
FORM 990, PART VI, SECTION B, LINE 12C |
BOARD MEMBERS AND THE PRESIDENT ARE COVERED UNDER THE POLICY. THIS IS MONITORED ANNUALLY AT NOMINATION/ELECTION TIME. DURING THE FEBRUARY OR MARCH BOARD MEETING, THE POLICY IS REVIEWED AND ACKNOWLEDGED BY THE BOARD AS A WHOLE. CONFLICTS OF INTEREST ARE BROUGHT TO THE CEO, THEN REVIEWED BY OTHER "DISINTERESTED" BOARD MEMBERS AND A DETERMINATION IS MADE AT THAT TIME. RESOLUTIONS VARY FROM NOT BEING ABLE TO VOTE TO BEING REMOVED FROM THE BOARD. |
FORM 990, PART VI, SECTION B, LINE 15A |
COMPENSATION FOR THE PRESIDENT & CEO IS DETERMINED BY HUMAN RESOURCES BENCHMARKING AND THEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST COMPLETED IN 2021. OTHER OFFICER AND TOP MANAGEMENT COMPENSATION IS DETERMINED BY HUMAN RESOURCE BENCHMARKING, MARKET CIRCUMSTANCES AND WITH FINAL DECISION BY THE PRESIDENT & CEO AND CONSIDERATION OF THE BOARD APPROVED BUDGET. THIS PROCESS WAS LAST COMPLETED IN 2021. |
FORM 990, PART VI, SECTION C, LINE 19 |
ANNUAL FINANCIAL STATEMENT IS PROVIDED TO ALL MEMBERS POST AUDIT. |
FORM 990, PART XII, LINE 2C: |
THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |