Amc Institute

“The institute outsources its general administration, membership and meetings services to an association management company, including the position of executive director of the institute. The total compensation for this association management company amounted to $678,247 and is reported on form 990, page 10, part ix, line 11a.”

“The institute has members. The institute's bylaws provide that only the board of directors shall have the right to vote on any matter under the bylaws, including but not limited to, the right to vote for the election of a director or directors, or on the dispostion of all or substantially all of the assets, or on a dissolution, or on any changes to the articles of incorporation or the bylaws.”

“The board of directors establishes the policies governing the conduct of elections. At the annual meeting, a majority of the voting members present and voting shall elect the number of directors as necessary to fill vacancies of directors whose terms expire.”

“From time to time, special meetings may be called by the members of the organization to review decisions made by the board of directors.”

“Electronic draft copies are sent to the executive director of the institute for dissemination to the board of directors with written instructions to review and approve the form in accordance with irs regulations. Written comments and questions by the board, if any are sent to the accountant for response. Otherwise, each board member signs off on the written instruction sheet indicating their approval.”

“Members of the board are required to sign a document annually stating they have no conflicts of interest between them and any outside parties that would diminsh their capacity to serve.”

“Any member of the general public may request to inspect copies of the governing documents, financial statements, conflict of interest policy and form 990 at the mangement's office.”