Southeast Iowa Mechanical Contracting Industry Development Fund

“The organization is a trade association, thereby comprised of members”

“The members of the organizaton elect the members to serve on the board of directors”

“The nomination of board members, the acceptance of the budget, and the approval of the compiled financial statment report are subject to approval by the members at the annual business meeting.”

“A copy of the 990 is provided to the board of directors prior to submittal to the irs. The form 990 is reviewed and discussed in detail.”

“Board members annually complete a conflict of interest questionnaire. In addition, the organization has placed a conflict of interest statment on all meeting agendas.”

“The officers serving on the board of directors of the mechanical contractors association of iowa, inc. Constitute the compensation committee. The officers review the compensation history of each employee dating back to their respective start date. Goals and objectives for the employees are established each year and the year-end compensation review takes into consideration whether or not these goals and objectives are achieved. Salaries and benefits are also compared against data obrained from independent sources for persons with similar job descriptions. The compensation committee makes a recommendation to the board of directors. If endorsed by the board of directors, the new salaries and benefit figures are included in the annual budget. The annual budget is voted upon by members at the annual business meeting.”

“All documents eligible for public distribution are made available upon request.”

“The organization's board of directors of the mechanical contractors association of iowa inc assumes responsibility for oversight of the compilation of its financial statements and selection of an independent accountant. The organization did not change its oversight process or selection process during the tax year.”