California Independent Oil

“Per the bylaws, cfca has the following classes of members: associate members, refiner members, common carrier members, marketer members, and retailer members. No members have the right to approve significant decisions or receive a share of profits or excess dues upon dissolution.”

“The right to vote on all corporation business and the right to hold elective office in the corporation shall be exclusively limited to petroleum marketer, retail, and common carrier members as defined in article iv, sections 2-4, unless the board designates otherwise with the exception of those directors serving on the executive committee. All directors shall be elected annually. The term of office for a director not nominated to the executive committee shall not exceed five (5) consecutive, one year terms. Directors shall be nominated for consideration of service by the cfca past presidents. The past presidents' recommendations for director shall attempt to insure a geographical representation for all areas of the state. The candidates nominated by the past presidents council, or as a write-in candidate by any member entitled to vote, may be elected either by ballot or by the active members at an annual meeting. If an annual meeting is not held, or directors are not elected at an annual meeting, the directors may be elected at any special meeting of members held for the purpose. The ballot must be delivered to each member entitled to vote either personally or by mail or by other means of written or electronic mail communication, charges prepaid, addressed to such member at his or her address appearing on the books of the corporation or given by him to the corporation for the purpose of notice per the bylaws.”

“Cfca provides a draft copy of the 990 to the board president and treasurer to review. The ceo signs the return.”

“The director's code of ethics is signed annually by every director as part of the code of ethics; directors state they will declare conflicts of interest between their personal/business lives and their positions on the board, and abstain from voting when appropriate.”

“Line 15a - per the bylaws, the compensation package of the ceo shall be reviewed on an annual basis by the executive committee. This process was last undertaken in april 2025. For the 2024 year, the ceo's compensation package was not compared to any independent data. The executive committee approved a cost of living adjustment increase to the ceo's compensation. Line 15b - the organization does not have other officers or key employees.”

“Documents are made available at the administrative office upon request.”

“Marketing 16,333. Consultants 229,225. Professional services 31,773.”