Mtconnect Institute

“Form 990, part iii, line 1 the corporation engages in activities directed toward the development, enhancement, and promotion of open technical standards and specifications intended to foster greater interoperability between controls, devices, and software applications used in the manufacturing process within and outside the us. Delegation of authority form 990, part vi, line 1a pursuant to the bylaws of mtconnect institute, the directors of the organization are the same directors who serve the parent organization, the association for manufacturing technology.”

“Form 990, part vi, line 11b the form 990 is prepared by mtci's independent accounting firm. Prior to filing, the organization conducts an internal review of the form 990 which is performed by the organization's management in conjunction with its accounting/finance staff.”

“Form 990, part vi, lines 15a & 15b all mtci officers are compensated directly by the association for manufacturing technology (amt), a related organization. The president's salary is controlled by independent persons serving on the compensation committee which is a sub-set of the amt board of directors. All other salaries are controlled by the president. The salaries are determined by referring to market salary benchmarks. The president's annual salary review is signed by the current chairman of the board of directors, all other annual salary reviews are approved/signed by the president of the association. Annually, all salaries including the officers are benchmarked using three different salary surveys (prm, hra, and asae). The benchmarks are shared with the president (and, in the case of the president, are shared with the compensation committee). The compensation committee reviews the benchmark compensation reports, deliberates and approves, then documents their approval when setting the president's total compensation.”

“Form 990, part vi, line 19 mtconnect institute makes its governing documents, conflict of interest policy, and financial statements available to the public upon request to the extent required by law.”