Investment Casting Institute

“The institute has five classes of members as follows: 1. Regular (casting) member- this category consists of manufacturers of investment castings. Regular members vote on articles of incorporation and all matters and motions proposed at membership meetings, and for directors who are regular members. 2. Affiliate (supplier) member- this category consists of suppliers of equipment, products and services to the industry. Affiliate members vote only in relation to special assessments brought before the general assembly, and for directors who are affiliate members. 3. Associate (casting or supplier) member- this category consists of organizations that do not manufacture in north america, which is defined as canada, the united states of america and the republic of mexico. Associate members that meet the qualifications of either a regular or affiliate member are designated as an associate (regular) or an associate (affiliate) member. Members in these designations may not vote at general meetings, may not attend management meetings, but may vote on special assessments brought before the general assembly. Associate members may have representatives to act as full members of committees but shall not be eligible to serve as a member of the board of directors or as an officer of the institute. 4. Alumni member- this category is currently available to retired persons who wish to remain active in the institute. To be eligible, the applicant must be a retired person who wishes to maintain an active role within the institute, and was once employed by a company eligible for regular or affiliate membership. Eligibility is determined by the board of directors on a case-by-case basis at the board's discretion. Alumni members may not vote or hold office, but they may participate on institute committees. 5. Honorary member- this category is currently available to retired persons with exceptional qualifications who would be a valuable asset to the institute. Honorary membership shall be by invitation of the board of directors only. Honorary members may not vote or hold office.”

“Regular and affiliate members elect the board of directors. See schedule o form 990 part vi line 6 explanation of classes of members.”

“See schedule o, form 990, part vi, line 6- explanation of classes of members.”

“The audit committee (who are also members of the board of directors) and the executive director review and approve the form 990 before it is filed with the internal revenue service. The board of directors are provided with a copy of form 990 before it is filed with the internal revenue service.”

“The institute's conflict of interest policy currently governs the activities of the board of directors and the executive director. The executive director and board of directors are required to disclose annually interests that could give rise to conflicts. For each interest disclosed, the president, or the board. As appropriate, shall determine whether the institute should take no action, or disclose the situation more broadly and invite discussion/resolution by the full board. When the conflict involves a decision-maker, the person with the conflict must fully disclose the conflict to all other decision-makers, and may not be involved in the decision of what action to take (e.g. May not participate in a vote), but may serve as a resource to provide other decision-makers with needed information. In some cases, the person with the conflict may be asked to recuse himself from sensitive discussions so as not to unduly influence the discussion of the conflict. In all cases, decisions involving a conflict will be made only by disinterested person. The executive director shall document that a conflict was managed and the outcome in the minutes of board meetings. The president, with the assistance of the executive director, shall monitor proposed or ongoing transactions of the institute (e.g. Contracts with vendors and collaborations with third parties) for conflicts of interest and disclose them to the board and staff, as appropriate, whether discovered before or after the transaction has occurred.”

“The executive committee (who are also members of the board of directors) are responsible for determining the total compensation package of the executive director. The executuive committee is independent from the executive director. The executive committee utilized data as to comparable compensation from similar organizations when determining the executive director's package. The current executive director signed an employment contract that became effective august 5, 2013. He was acting as co-executive director until the former executive director retired at december 31, 2013. The executive director's employment contract term expires december 31, 2017. The board of directors, on an annual basis, reviews the executive director's performance against established criteria and determine appropriate adjustments to compensation as warranted. There are no other officers or key employees that would require this process for determining compensation.”

“The institute makes its governing documents, conflict of interest policy, and audited financial statements available to the general public upon request for inspection at the institute's office.”