The Powder Coating Institute Inc

“Pci has a management services agreement with goyer management international (gmi). During the year ended december 31, 2024, pci paid gmi a total of $636,300 in base management fees. In addition, pci paid gmi additional commissions for the year ending december 31, 2024 in the amount of $37,964. Pci paid gmi rent in the amount of $17,148 for the year ended december 31, 2024. Andrew goyer, pci coo, and kevin coursin, pci executive director, were paid $36,400 and $180,100 respectively through gmi for services provided to pci in 2024.”

“Pci has twelve categories of members: 1. Powder producers 2. Application equipment 3. System houses 4. Raw material 5. Custom coaters 6. Auxiliary 7. Pretreatment 8. Consultant 9. Oem 10. Publications 11. Distributor 12. Affiliate”

“The nominating committee prepares a slate of candidates to fill vacancies on the board of directors. Nominees must be official representatives of a member company or another active company representative. The total voting membership elects the required number of directors from the ballot.”

“A simple majority of the voting membership is required to amend the bylaws. A majority vote of category 1-4 members is required to dissolve the institute.”

“The form 990 was prepared by the outside accountants and reviewed by senior management. The full board received a copy of the final 990 before filing with the irs.”

“Board members agree to not engage or serve on any other board of directors relating to a trade association in which pci is or may become involved with or which would otherwise conflict with their obligations to pci. Pci board members must not: 1. Participate, directly or indirectly, in any arrangement, agreement, investment or other activity with any party doing business with pci that has resulted or could result in personal benefit. 2. Accept, directly or indirectly, any payments, salary, loans or gifts of any kind, or any free service, discounts or other fees from or on behalf of any person or organizations engaged in any transaction with pci. If a board member believes that he/she has been exposed to an offer or opportunity that may be in conflict with his/her responsibilities to pci, he/she reports it to the president of the board of directors and recuses himself/herself and allows the board to deliberate and take appropriate action, as the board sees fit, based on the best interest of pci.”

“The governing documents, conflict of interest policy, or financial statements are not available to the public.”