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.”

“SUMMARY OF BYLAW CHANGES:Article III Section 1; Section 3The numbers denoted in these sections were not spelled out and this change spells out thenumbers.Article IV Section 1The number denoted in this section was not spelled out and this change spells out the number.Article V Section 4The number denoted in this section was not spelled out and this change spells out the number.Article V Section 5The number(s) denoted in this section were not spelled out and this change spells out thenumbers.Article V Section 1The Treasurer of the organization and the Immediate Past President are not currently votingmembers of the Board. It is believed that these two positions are important and, based uponthe responsibilities of the positions, warrant being voting SUMMARY OF BYLAW CHANGES CONTD:members on the Board. This iscommon practice in 501(c)6 organizations and the changes being suggested in this section arerelated to bringing those wo positions onto the Board as voting members.Article V Section 2This change removes the reference to the alternate which was the immediate past president,since that person is being recommended as a full voting member of the Board.Article V Section 7This section is being removed because there will no longer be a board advisoras theimmediate past president is being recommended as a full voting member of the Board. SUMMARY OF BYLAW CHANGES CONTD:Article VI Section 1This defines the officers of the organization as including the immediate past president. Further,it removes the word secretary from the title of the secretary-treasurer.Article VI Section 2The title of this section is being proposed to change from Elections to Nominations andElections. It is being recommended that the Treasurer be elected by the membership with theother two elected officers instead of being an appointed position. The appointment sentence isproposed to be deleted. The nomination process was previously found under the duties of thePresident and it is being proposed that section move up to this section. Further, it is beingproposed that the nominating slate come to the Board prior to being SUMMARY OF BYLAW CHANGES CONTD:taken to the general membership for a vote.Article VI Section 5This removes the nomination procedures from the duties of the president as it is being movedto the nominations and elections section of the Bylaws.Article VI Section 7The changes being proposed in this section change the name of the secretary-treasurer tojust treasurer, which more accurately describes the duty of this position.”

“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 review of management when the contract is renewed. Compensation is set during contract negotiation.”

“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 $1238bonefrog creative inc / website updates $1365keith bell / newsletter $1488r&d services inc / monitor astm activity $1500chuck vogelsang / technical spokesperson $11485kenneth wiener / research $17484”

“The organization has entered into a contract with a management company. Calabrese management, inc., ein: 25-1874170, handles all management, financial, program and administrative duties for the organization. The company averaged 25 hours per week working for perlite institute in 2019.”