Perlite Institute Inc

“Calabrese management is hired to perform all administrative duties. The contract for management is reviewed when the contract is up for renewal.”

“CHANGES TO BYLAWS:Added a third category of membership for Educator, defined as open to individuals who are currently studying or employed as a full-time graduate or undergraduate at an accredited institution. The individual must provide documentation verifying engagement at the institution.Clarified that the requirement of regular members to have installed, produced or applied perlite products during the six months preceding the date of application for membership and using a minimum of 5,000 cubic feet or 13 metric tons of perlite during the 12 months preceding the date of the application for membership excepts those enterprises engaged in the manufacture and sale or perlite expanding equipment.Added that dues are non-refundable unless membership is terminated by the Board of Directors.Clarified that termination of membership will be in compliance with the laws and regulations governing non-profit organizations.Clarified that members who cease paying dues may no longer use the log or indicia on their stationary, supplies, advertising and promotional materials.Clarified that officers of the Board must be a regular member in good standing or an employee of a regular member in good standing.Clarified that a slate of candidates for expiring and/or vacant directorships and officers will be presented to the President 30 days prior to the annual meeting and that only regular members may nominate a candidate from the floor.Added an article on insurance and noted that the organization will carry appropriate insurance for Directors and Officers”

“There are three membership categories: regular members are any entity engaged in the sale of perlite ore, expanded perlite, or engaged in the manuafacter and sale of perlite expanding equipment. Associate members is any entity engaged in the manufacturer or supply of products using perlite. Educator members are individuals who are studying or employed at an accredited institution. Only regular members have the right to vote.”

“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.”

“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 annually.”

“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 available upon request to the general public.”

“Unrealized gain in market value of investments”

“Carolyn kimmel / newsletter editor $2137prestige color inc / newsletter design $1789r&d services / thermal resistance measurements consulting $3600rivet point group inc / updates marketing $820chuck vogelsong / consultant $10825kenneth wiencer / consultant $16480”