American E-Liquid Manufacturing Standards Association

“Linc Williams - 255 Ermon Ct Greer, SC 29651 / Lou Ritter - 2265 Sanborn Dr Sedona, AZ 86336 / Rich Henning - 107 Corporate Dr Spartanburg, SC 29303 / Scott Eley - 4251 Lyons Rd Miamisburg, OH 45342 / James Bearup - 8233-1 Neptune Dr. Kalamazoo, MI 49009”

“Form 990 was emailed to all board memebers for review - questions, comments, concerns, and corrections were handled via email.”

“Governing documents standards and by-laws are posted at all times on the organizations website and available to view by the public. Financial documents are emailed to all board members and certified members dues paying members - and are available by request to others as needed.”

“Certified Members - all members in good standing with dues paid and current”

“Certified Members have the right to elect the organizations governing body as vacancies arise.”

“Most daily business decisions are made by the governing body of the organization - Standards/By-Laws amendments and annual budgets require a super majority vote of all certified memebers.”

“The AEMSA Board requires each Leadership Volunteer to complete and submit an annual Statement of Disclosure detailing any facts or circumstances that might constitute a conflict of interest. Additionally, the Board shall require Leadership Volunteers to submit an amended Statement of Disclosure to reflect any material changes or additions to the submitted information that may arise during the course of the year. Leadership Volunteers are advised to err on the side of disclosure and to report any set of circumstances that may appear to pose a conflict of interest, even if there is uncertainty as to whether such circumstances should be disclosed.”

“The Board shall review and approve the compensation of individuals compensated by AEMSA. In approving compensation, the Board shall satisfy the then current requirements and procedures to take advantage of what the Internal Revenue Service and income tax regulations refer to as the rebuttable presumption that the compensation is reasonable. This standard was reviewed by AEMSAs outside legal counsel.”

“Program Service Expenses 3,000, Grants and allocations 3,000, Revenue 0 Grant to Konstantinos Farsalinos, MD for research on effects of diacetyl in e-vapor on the lungs.”

“Program Service Expenses 4,000, Grants and allocations 0, Revenue 0 Donation to New Mexico Republican Campaign for a State level seat for a single candidate - the donation to the Republican Committee to be assigned to the candidate - donation was returned to AEMSA with reason of excessive donations received by the campaign.”

“Program Service Expenses 2,835, Grants and allocations 0, Revenue 0 Flavor Initiative The basic e-liquid ingredients - propylene glycol PG, vegetable glycerin VG, and nicotine - have been studied in depth and are the subject of extensive research. In addition to PG, VG, and nicotine, e-liquids contain formulated flavoring components which provide the many flavors that are enjoyed by adult consumers. AEMSA has run a campaign encouraging and providing guidance to its members to have their e-liquid flavoring products tested using third-party accredited labs using appropriate and scientifically verified analytical detection limits and procedures.”

“Program Service Expenses 11,465, Grants and allocations 0, Revenue 0 Membership in Tobacco Merchants Association TMA was founded to manage information of vital interest to interested organizations, companies, regulators and others who need information on the worldwide tobacco and e-vapor industries. Today, the TMA continues to function as a trade association and remains dedicated to supplying factual information to a variety of universities and other research groups, organizations, companies, associations, and others whose revenues, whether from sales, grants or other sources depend upon timely, comprehensive and accurate data about the global tobacco and e-vapor industry.”

“New Program - FDA NPRM Public Comment - The FDA released a Notice of Proposed Rulemaking to deem vapor products to be regulated as tobacco products. This process includes a window of time for Public Comment submissions. AEMSA submitted a comprehensive submission of over 100 pages.”

“New Program - OMB/OIRA Paperwork Reduction Act - As part of the above process, there is an opportunity to submit comment to the Office of Management and Budget, Office of Information and Regulatory Affairs division of the White House”

“New membership dues paid out - Establish ERF 501c3 status - First announcement and soft-launch of the E-Research Foundation ERF As part of the 2014 budget, AEMSA members decided to allocate a portion of their dues to fund preliminary establishment of this new foundation as sole member.”

“Ceased program - Organization made donations to Konstantinos Farsalinos, MD based in Greece for reasearch on the effects of diacetyl in e-vapor on the lungs. Research was completed the beginning of 2014 so donations/contributions ceased after January 2014.”