Perlite Institute Inc

“Calabrese management is hired to perform all administrative duties. The contract for management is reviewed annually.”

“There are four types of membership. Within two of the types there are two levels. Expanding members are members who expand ore. Ore producer members have three different categories based on tons produced. The third level is furnace producer. And the fourth level is associate members, who are vendors outside of the industry who want to sell to the industry. All but associate members have same voting rights.”

“Membership votes on the election of board members at the annual meeting.”

“By law changes and the board slate are voted on by members, all other decisions are by the board.”

“Minutes for all board meetings are kept on file in the office and distributed to the board.”

“Minutes are taken at all committee meetings, are distributed to the board and stored in the office.”

“The tax form 990 is sent to the treasurer for approval before filing.”

“A conflict of interest policy is approved in the policy manual. Conflict of interest and disclosure statement are signed by each board member and kept on file.”

“The board of directors performs a yearly evaluation of management. Compensation is set yearly.”

“The tax form 990 is available to the public. Governing documents, conflict of interest policies and financial statements are not available to the public.”

“Unrealized gain in market value of investments”

“Sarah dicello- newsletters $760.00mccline design- product guides $482.50prestige color inc.- newsletters $1621.80r&d services inc.- professional services $1500.00rivet point group, inc.- publications $3720.00chuck vogelsang- contracts $3793.20kenneth wiener- $15000.00”