Operations Technology Development Nfp

“OTD has delegated control over management duties customarily performed by officers to a management company, Gas Technology Institute, an unrelated 501c3 organization. The OTD Board and OTD Technical Project Committee oversee the performance of the management company.”

“Although OTD does not meet the IRS definition of a member organization for purposes of Part VI of Form 990, OTD bylaws state that A firm, association or corporation which is a financial supporter of the Corporation is eligible for membership in the Corporation. Each such person has the power to elect one member of the governing body.”

“The President of OTD reviews the Form 990 before a copy is sent to the directors.”

“The organization annually requires each officer and director to sign a statement affirming such person has received a copy of the conflict of interest policy, has read and understands the policy, and has agreed to comply with the policy. The governing body, or a board committee with board delegated powers considering the transaction, determines whether a situation represents a conflict of interest. The person involved in the potential conflict of interest is not present for the discussion or vote regarding the determination of a conflict.”

“No documents available to the public.”

“Each member has been defined as its own class and each class is entitled to elect one director to a three-year term. A director may only be removed by the affirmative vote of the Member within the class that elected such director. For all other matters submitted to the Members for vote, each member in good standing shall be entitled to one vote.”

“Other services include the following 7,595,737 of direct subcontract costs on member-funded research and development projects, 562,902 of direct subcontract costs on government-funded research and development projects, and 26,264 of editing and printing services expenses.”