Motorcycle Industry Council Inc

“Membership is comprised of dues paying members”

“The governing board is elected by a majority of votes cast by all members of the council. Members, in good standing, who pay maximum dues each year, may designate one full-time employee as a trustee. The balance of the directors are elected by the members with more than one-half of the board consisting of persons employed by or otherwise associated with vehicle manufacturers, importers and/or distributors and the remaining directors employed or otherwise associated with members who are not such manufacturers, importers, and/or distributors.”

“All amendments to the bylaws are presented to and must be approved by the council's members.”

“A draft copy of form 990 is provided to management and the audit committee for review and comment; the entire board receives a draft prior to filing of the tax return.”

“Conflict of interest policy: you are expected to avoid any activity, agreement, business investment or interest, or other situation which could appear that you are improperly benefitting from your employment with the associations. This includes the use of your relationship with the associations for personal profit or advantage, either directly or indirectly, such as the taking of money, merchandise or services from a vendor or member for personal gain. Good judgment will prevent the possibility of a conflict of interest from arising. However, if you engage or plan to engage in any activity or transaction which might cause an actual or perceived conflict of interest, you must disclose the situation in advance to your supervisor. Please consult human resources if you have any questions regarding this policy. The president, a vice president or the board must be consulted before the hiring of associates, contracting for services, or purchasing from suppliers that are related to, or financially associated with, an associate.”

“Annually, the compensation committee (comprised of three or more elected board members) meets to review, approve, and document the president's compensation. The review process includes, but is not limited to, analysis of compensation levels for other industry leaders, american research corporation surveys and analysis of ceo compensation, financial results and stewardship, and accomplishments related to the organization's strategic plans. In addition, the compensation committee reviews the compensation of the other officers and key employees of the organization.”

“The council makes available for public inspection a copy of its exemption application and its annual returns for the preceding three years for anyone who requests to see them in person or in writing. The documents are available during regular business hours at the organization's office. A copy is generally furnished on the same day when the request is made in person, or within 30 days of receiving a written request.”

“Motorcycle industry council, inc. Shares common personnel with the following organizations exempt under irs code section 501(c): specialty vehicle institute of america motorcycle safety foundation, inc. National motorcycle safety fund, inc. Recreational off-highway vehicle association the right rider access fund, inc. To minimize overhead and administrative expenses for the organizations, shared personnel are required to perform certain administrative functions for all of the organizations. The duties and responsibilities are set forth in separate agreements between the organizations. To the extent necessary or required by the agreements, the council is reimbursed for the costs associated with the services provided on behalf of the other other organizations.”

“Consultants 327,956. Contractors 865,985. All other fees for service 16,031. Monitoring 111,125.”

“The audit oversight process has not changed from the prior year.”