Petroleum Marketers and Convenience Stores of Iowa

“Active members: any person, firm, cooperative, partnership, llc or corporation owning or operating any marketing plant(s) or petroleum product distribution or convenience store business in the state of iowa shall be eligible for membership in this organization. Associate members: any person, firm or corporation who provides equipment, services and products to wholesalers and retailers of fueliowa operations or who operates petroleum storage tanks for their own non-retail business use.”

“The board of directors shall consist of up to fifteen (15) voting directors. There shall be up to thirteen (13) at-large directors, and two (2) associate directors. At large directors shall be active members of the association who at the time of the election are in good standing. At-large directors need not be residents of the state of iowa. Nominations shall provide for consideration of geographic representation, type of business and leadership qualifications according to the association's nomination policy. All active members are eligible to vote for the at-large directors. Associate directors shall be voted on by all members, active and associate.”

“A copy of the form 990 is available to each member of the board's finance committee for review and approval of the return before filing.”

“The conflict of interest policy is distributed annually and reviewed by the fueliowa board. The policy is also presented at the beginning of every board meeting. Each director is asked to review, update potential conflicts and sign and date the policy. The president monitors the collection of policies and maintains the policies in a file and brings to each board meeting. If a potential conflict arises, the executive committee is notified and they bring the matter to the attention of the entire board. The director with a potential conflict is allowed to discuss the agenda item despite the conflict, however, the director must then recues him/herself when a vote takes place on the agenda item in question.”

“The fueliowa executive committee, which is independent for compensation purposes, determines the compensation of the president. They analyze a performance survey by the board of directors, compare relative trade associaion industry and association management firm data and analyze overall responsibilities in managing the various businesses in addition to the association. The executive committee reviews form 990 data of state and national associations of same or similar size organizations and industry type.”

“The organization makes its governing documents and financial statements available to the public upon request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.”

“The purposes for which this organization is formed are: 1. To promote the interest and welfare of those members engaged in the marketing, distribution, manufacturing or brokering of motor fuel, heating fuel or alternative fuel energy, retail convenience store or vehicle products and services and to foster a spirit of friendly cooperation between and among the refiners, suppliers, marketers, distributors, customers and other segments of these industries in iowa; 2. To raise the professional standards of the fuel marketing, convenience store and vehicle related industries; 3. To promote and encourage sound and economic trade practices within the fuel marketing, convenience store and vehicle related industries; 4. To represent the interests of fuel marketing, convenience store or vehicle product and service related operators with local, state and federal government; 5. To foster the progress of the fuel marketing, convenience and vehicle related industries through cooperation with similar national associations.”

“Repayment of erc funds -8,281”