Pine Chemicals Association Inc

“The organization's active members approve the board of directors. Additionally they are entitled to vote upon significant issues and approve the by-laws. The by-laws of the organization provide that in the event of dissolution or discontinuance of the association, any funds remaining after payment of expenses shall be returned to the active members at the time of such dissolution or discontinuance, in proportion to which dues and assessments have been paid by the members entitled to such refund during the preceding twelve month period. Unexpended special assessments are to be returned to contributors in proportion to their contribution.”

“Members that meet the qualifying requirements stipulated in the articles of the association and its by-laws are eligible to become members. All active regular members are entitled to one vote. The active members approve the board of director and officers. They also approve the organziation's by- laws.”

“All significant issues are voted upon by the entire membership, including approving by-laws.”

“The organization's president and/or the executive director/treasurer reviews the form 990 and then they send it to the board of directors for their review. After the board of directors review and make changes, the form is then filed with the internal revenue service center.”

“The organization requires the board of directors, officers and the executive director to complete the conflict of interest form annually. Any issues that may arise are discussed at the board meeting.”

“Compensation for the president is based on several factors that the board of directors deem to be appropriate. Factors such as performance, attainment of goals established by the board, comparision with compensation paid by similar trade organizations and cost of living adjustments are taken into consideration. The executive board reviews and approves the compensation annually. Any changes in compensation become effective upon board approval.”

“Compensation for other officer or key employee is based on several factors as the board of directors or the president may deem appropriate. The president evaluates performance, attainment of goals established by the executive team and makes comparison with compensation paid for similar positions at other trade associations. The president reviews performance with the board chairman and approves the compensation annually.”

“The organization makes available some of its governing documents on its website. Financial statements, conflict of interest policy are available to the general public upon request.”

“The pine chemicals association international is an association of producers and consumers of pine chemicals. The association promotes innovative, safe and environmentally responsible practices to assure a reliable supply of high quality product.”

“Book / tax depreciation difference -2,133 book/tax loss on equip.disposal difference 840 total -1,293”