Iowa Limestone Producers

“The organization has three memebership classes: producer members - any individual, firm or corporation that crushes, markets and sells any product that they have extracted from a limestone deposit. Affiliate members - any individual, firm, or coporation that markets, and sells in iowa, any construction aggregate product they have extracted from a natural deposit, other than a limestone deposit. Manufacturer & supplier members - any individual, firm or corporation, other than a producer or affiliate member, engaged in the manufacturing or selling of equipment, materials, and supplies or performing of services to the crushed limestone and affiliated construction aggregate industry in iowa.”

“The board of directors are elected by the producer members of the organization at an annual meeting.”

“The executive director is presented with a copy of the form 990 for review, any changes are made, and then a copy is presented to the board of directors to review before it is filed. Approval of the form 990 is recorded in the minutes.”

“The organization annually provides a copy of the conflict of interest policy to the board. The policy instructs the board members to disclose any conflicts or potential conflicts to the president of the association. If a conflict exists, they can: a) take no action b) assure full disclosure c) recuse themselves from participation, or d) resign from the board the policy is signed by each board member”

“The salary of the executive director is reviewed and approved by the board of directors, who are independent for compensation purposes. The board uses data from comparable nonprofit organizations, as well as knowledge gained by board members from serving on boards of other comparable entities to determine the compensation. The entire review process is documented.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request. The documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.”

“Promoting and advancing the general welfare of the crushed limestone industry and affiliated construction aggregate industry consistent with public interest and to perform all desirable and lawful functions necessary for the efficient, constructive and beneficial operations of the industry.”