Toy Industry Association

“The executive committee shall be composed of the chairman, vice chairman, secretary-treasurer, and two directors selected by the board of directors. It shall be the duty of this committee to take action on such matters as need consideration between the regular board meetings and to maintain a more continuous contact with the association's central office.”

“The toy association, inc. (the association) is a not-for-profit, non-stock, membership trade association representing producers, distributors, importers, retailers, sales reps, licensors, inventors and designers of toys, games, children's inteactive products and kindred lines intended for the youth market in north america.”

“Individuals from member companies are nominated to be officers and/or directors by the nominating committee or by at least 10% of the members. The members vote on the proposed slate of directors at the annual meeting.”

“Changes to the bylaws require the approval of two-thirds of the regular members of the association attending the annual or a special meeting of the members.”

“The form 990 was presented to the members of the association's executive committee for review. Upon completion of the executive committee's review and approval, the form 990 is provided by email to all members of the board. At that time it is filed with the internal revenue service.”

“All board members and employees are requested to sign and complete an annual conflict of interest statement and disclosure.”

“The association's executive committee reviews and approves the compensation of the president. The president has the authority to review and approve the compensation of officers and key employees, subject to the approval of the executive committee and board of directors during the budgeting process. Specifically, the executive committee reviews all senior management's compensation every third year. This occurred most recently in 2021. Every three years the association utilizes a third party to do a full compensation study of senior management. Annually, the association reviews various compensation studies to consider current and future compensation of all employees.”

“The association's form 990 is available upon request. Condensed financial information is included in the association's annual report posted on its website at www.toyassociation.org and is available upon request.”

“The association's major revenue-generating trade show, toy fair, scheduled for february 2022 had to be postponed due to the omicron variant of the covid 19 pandemic.”

“The employees reported on part v, line 2b are statutory employees of the toy association, but the w-2's are issued by extensis group under a peo arrangement.”

“Responsibility for oversight of the audit has not been changed from the prior year.”