Associated Industries of Massachusetts

“Delegation of authority the executive committee is the only board committee with board-delegated authority. The executive committee has all the powers and authority of the board in the intervals between board meetings, except for specific powers reserved solely to the board (e.g. Electing or removing directors and officers) or to employer members. The executive committee reviews and oversees the development and implementation of the organization's plans and budgets as well as implementation of policies and decisions of the board not assigned to other standing committees. The executive committee makes recommendations to the board to take certain actions including approval of the annual budget, the public policy agenda, changes to dues schedules.”

“Family and business relationships 1) adam chase and peter chase - family relationship 2) william blanker, peter chase, and leslie e. Greis - business relationship”

“Members or stockholders associated industries of massachusetts, inc. Is a membership organization comprised of massachusetts businesses.”

“Members or stockholders who may elect the organization's nominating committee of the board makes recommendations for new board members to the full board, consistent with the organization's governing documents.”

“Form 990 review process form 990 was prepared by grant thornton advisors llc (gt), the organization's tax advisors, from information provided by management. Gt and management met with the organization's audit committee reviewing the filing in detail. Subsequent to review and upon finalization, the complete form 990 (with required schedules) was provided electronically to each member of the governing body prior to filing with the internal revenue service.”

“Conflict of interect policy monitoring & enforcement the organization has a conflict of interest policy. Annually, each board member and officer of aim and of associated organizations and every aim employee must acknowledge reading and understanding the conflict policy and must complete and return an annual conflict disclosure questionnaire. In addition, any new or potential conflict of interest of any board member, officer, or employee must be disclosed immediately to the president and ceo who in turn must disclose to the chairman. In addition, any member of the board having an existing or potential conflict of interest with respect to any matter which is the subject of action by the board or its committees shall disclose such conflict and the member will not be counted in determining the quorum and shall not vote on the matter. Any employee of aim or of associated organizations with a conflict of interest shall abstain and not participate in discussions concerning the actions of the organization in regard to the matter which is the subject of the conflict.”

“Process for determining compensation the compensation committee of the board reviews performance and compensation of the organization's president and ceo and makes compensation and bonus recommendations to the executive committee of the board. All recommendations are documented by the compensation committee and sent to the executive committee for approval. The executive committee votes on the recommendations of the compensation committee and documents its decision. On a regular basis - most recently in 2024 - the compensation committee employed the services of an independent compensation consultant to conduct a competitive market review of the ceo's compensation using generally accepted methods and practices. The organization employed the services of an independent compensation consultant in 2024 to conduct an independent compensation study for all positions including other officers and key employees. The study included comparable data and contemporaneous substantiation.”

“How documents are made available to the public the organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Contributions released to operations -15,000. Provision for income taxes -20,403. Imputed interest from intercompany loan -46,780.”