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 organizations website directs interested parties to contact the organization for copies of required documents.”

“Software: program service expenses 7,434. Management and general expenses 32,541. Fundraising expenses 0. Total expenses 39,975. Telephone: program service expenses 2,962. Management and general expenses 36,065. Fundraising expenses 0. Total expenses 39,027. Website: program service expenses 24,334. Management and general expenses 12,166. Fundraising expenses 0. Total expenses 36,500. Magazine expense: program service expenses 4,264. Management and general expenses 17,057. Fundraising expenses 0. Total expenses 21,321. Publishing: program service expenses 19,587. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,587. Payroll expenses: program service expenses 14,067. Management and general expenses 4,096. Fundraising expenses 0. Total expenses 18,163. Speakers: program service expenses 17,028. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,028. Audio & visual: program service expenses 11,266. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,266. Editing: program service expenses 9,388. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,388. Meeting supplies: program service expenses 6,131. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,131. Miscellaneous expenses: program service expenses 0. Management and general expenses 5,776. Fundraising expenses 0. Total expenses 5,776. Dues and subscriptions: program service expenses 0. Management and general expenses 5,045. Fundraising expenses 0. Total expenses 5,045. Literature search: program service expenses 2,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,500. Postage: program service expenses 0. Management and general expenses 1,716. Fundraising expenses 0. Total expenses 1,716. Printing expenses: program service expenses 0. Management and general expenses 50. Fundraising expenses 0. Total expenses 50. Training: program service expenses -114. Management and general expenses 0. Fundraising expenses 0. Total expenses -114.”

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