Materials Technology Institute Inc

“Line 6 explanation - the member companies delegate a representative to serve with the organization.”

“Line 7a explanation - the members vote for a board of directors positions for terms of one year. All members vote on major organizational changes and other material matters that would affect the non-profit nature of the organization. The board of directors oversee the day to day operation of the organization by approving research projects, funding levels, budgets, financial oversight, and directional oversight.”

“Line 11a explanation - form 990 is provided to the operations manager and finance committee for review and comments.”

“Organization has adopted a bod committee which reviews all projects for possible conflict of interest. The committee reports any possible conflicts to the board. Outside legal council is present at bod meetings, receives copies of the minutes and is utilized on a regular basis to review the organizations policies and specific questions regarding conflicts of interest.”

“Board of directors has established a committee which researches comparability data based on similar organizations, time devoted to organization, knowledge of industry, and performance written recommendation are presented to the board which has final authority over all compensation matters.”

“The organzations website directs interested parties to contact the organization for copies of required documents.”

“Software : program service expenses 0. Management and general expenses 38,463. Fundraising expenses 0. Total expenses 38,463. Website: program service expenses 0. Management and general expenses 31,546. Fundraising expenses 0. Total expenses 31,546. Literature search: program service expenses 31,324. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,324. Publishing: program service expenses 29,996. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,996. Editing: program service expenses 26,775. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,775. Payroll expenses: program service expenses 15,378. Management and general expenses 5,127. Fundraising expenses 0. Total expenses 20,505. Postage: program service expenses 14,082. Management and general expenses 1,451. Fundraising expenses 0. Total expenses 15,533. Other project expenses: program service expenses 14,057. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,057. Other employee benefits: program service expenses 6,951. Management and general expenses 6,951. Fundraising expenses 0. Total expenses 13,902. Telephone : program service expenses 4,834. Management and general expenses 4,833. Fundraising expenses 0. Total expenses 9,667. Printing expenses: program service expenses 0. Management and general expenses 8,584. Fundraising expenses 0. Total expenses 8,584. Miscellaneous expenses : program service expenses 0. Management and general expenses 6,062. Fundraising expenses 0. Total expenses 6,062. Speakers : program service expenses 3,827. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,827. Dues and subscriptions: program service expenses 0. Management and general expenses 3,714. Fundraising expenses 0. Total expenses 3,714. Transportation: program service expenses 1,329. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,329. Meeting supplies: program service expenses 299. Management and general expenses 0. Fundraising expenses 0. Total expenses 299.”

“The organization did not change its oversight or selection process during the tax year.”