The Educational and Research Foundation of Mema Inc

“DURING ALL OR PART OF 2015, TWO OF THIS ORGANIZATION'S OFFICERS, WENDY T. EARP AND STEVE HANDSCHUH AND five OF THIS ORGANIZATION'S DIRECTORS, Samir Salman, JOSEPH MCALEESE, DOUGLAS GRIMM, AND JOHN COREY, WERE ALSO OFFICERS AND DIRECTORS, RESPECTIVELY, OF THE MEMA MARKETING SERVICES COMPANY, INC., A CORPORATION WHOLLY OWNED BY MOTOR AND EQUIPMENT MANUFACTURERS ASSOCIATION. Five OF THE six (EARP IS NOT A BOARD MEMBER) COMPRISE THE BOARD OF THIS ORGANIZATION. EARP AND HANDSCHUH ARE EMPLOYEES OF THE MEMA MANAGEMENT SERVICES GROUP, INC., A CORPORATION WHOLLY OWNED BY THE MEMA MARKETING SERVICES COMPANY, INC. THE SAME six ARE OFFICERS AND/OR DIRECTORS, RESPECTIVELY, OF THE MOTOR AND EQUIPMENT MANUFACTURERS ASSOCIATION, AN ORGANIZATION RELATED TO THIS ORGANIZATION.”

“The trustees of the foundation are elected by mema's executive committee.”

“Mema's executive committee is responsible for the election or removal of trustees for the foundation.”

“Committee meetings are not formally documented at the time the meetings are held. Committee meetings are discussed at board meetings and this discussion is documented in the board minutes.”

“The form 990 was provided to all board members prior to filing via email. The form was reviewed in detail by the director of accounting, cfo/secretary and president prior to filing. Any questions are addressed and resolved prior to filing.”

“The Conflict of Interest policy is reviewed and signed annually by any staff member with the title manager or above. Any volunteer with decision making authority, board member, or officer is to review and sign the policy at the beginning of his/her service term. They are to sign a statement which affirms such person 1) has received a copy of the conflict of Interest policy, 2) has read and understands the policy 3) has agreed to comply with the policy, and 4) understands that the foundation is a nonprofit corporation and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Following full disclosure of a possible conflict of interest or any condition listed above, the Board of Directors shall determine whether a conflict of interest exists and, if so, the Board shall vote to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect the Foundation's best interests.”

“Question 15 is not applicable as the Educational and Research Foundation of MEMA, Inc. does not have any paid employees. Compensation for officers paid by related organizations is set in accordance with the compensation practices of the related organization.”

“The organization does not make its governing documents, conflict of interest policy, and/or financial statements available to the public.”