Operations Technology Development Nfp

“Otd has delegated control over management duties customarily performed by officers to a management company, gti energy, 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 org for purposes of part vi of form 990, otd bylaws state that a firm, assoc, or corp which is a financial supporter of the corp 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 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 are available to the public.”

“Other services totaling 16,904,437 include the following 16,248,436 of direct subcontract costs on member-funded research and development projects, 626,371 of direct subcontract costs on government-funded research and development projects, and 29,630 for report fees.”

“Attachment 1 - organizations mission - otd identifies, selects, and funds development, testing, and implementation of new technology, relating to gas operations and its infrastructure. Otd provides new tools, equipment, software, processes, and procedures that will enhance safety, increase efficiency, reduce operating costs, and help maintain system reliability and integrity.”