International Foundation of Employee Benefit Plans Inc

“The organization shall have one class of members.”

“Only members who are members of the board of voting directors shall have the right to vote upon any question and only their consent shall be necessary in any statutory or other proceedings. A board of voting directors shall represent, vote, and act for the membership in all of the organization's affairs.”

“The organization works with its officers and its third-party law firm and accounting firm to prepare the organization's form 990 tax return. The organization then provides its proposed form 990 tax return to the executive committee of its board of directors, which acts for the board of directors between board of director meetings, legal counsel, a representative of the accounting firm, as well as staff are available to answer questions regarding the form. The executive committee provides any comments, corrections or other changes, whereupon the form 990 tax return is finalized and approved by the executive committee. Once executive committee approval is obtained, the organization files its form 990 tax return.”

“The organization monitors and enforces compliance with its conflict of interest policy by annually having its officers, directors and key employees complete a conflict of interest disclosure statement of any items that could give rise to a conflict of interest with the organization. During the course of each year, the chairman of the board, chief executive officer and general counsel (who is the primary purveyor of legal services provided by a third-party law firm retained by the organization) monitor the activities of individual board of directors members, officers and key employees in the ordinary course of the organization's business. Any identified potential conflicts are brought to the attention of the individuals in question and appropriately addressed. Individual directors, officers and key employees are also encouraged to be watchful of conflict of interest issues and bring such issues to the attention of either the chairman of the board, chief executive officer or general counsel. Any identified conflicts of interest are dealt with by vote of the executive committee of the board of directors.”

“The organization's chairman of the board (an uncompensated volunteer) and general counsel (a senior partner engaged in representing nonprofit organizations) compile benchmarking data from compensation publications such as national compensation study (american research company), blue chip compensation & benefits study (asae) and management compensation report (prm consulting, inc.) that takes into consideration such factors as education, experience base, tenure and performance of the chief executive officer of the organization (the "ceo"). A report is prepared and presented to the executive committee of the board of directors of the organization by the chairman of the board and general counsel. The ceo is not in attendance at the meeting when his compensation level is discussed by the executive committee. The executive committee deliberates and approves of any changes in the level of compensation of the ceo. The same process is used for other officers and key employees with the exception that this process is led by the ceo. The ceo has, within approved budgetary constraints, authority in reviewing and making compensation adjustments for other employees of the organization that are not officers. Periodically, the salary structure at the organization, including the ceo and other key employees, is reviewed for reasonableness by comparison to other organizations of similar type, size and geographic location.”

“The organization makes its corporate by-laws, annual audited financial statements and policies available on its web site. This information can be viewed at www.ifebp.org under the "about us" tab of the organization's home page. Members of the public-at-large may also obtain a copy of the organization's by-laws, conflict of interest policy and audited financial statements by contacting the organization.”

“Benefit-related changes other than net periodic pension cost 338,158. Foreign currency loss -43,629.”