Vinyl Institute Inc

“The members of the executive committee are as follows: the voting representative from each company member and the institute president, who shall have no vote in the board's deliberations. General management of the property, funds, and business of the institute shall be the responsibility of the executive committee. The executive committee shall: - approve the institute's purpose, vision and mission statements; - approve the institute's budget; - establish general policies and operating procedures for the institute and conduct strategic planning; - approve the institute's financial reports and investment plans; - approve the selection of auditors, banking establishments, and investment counselors for the institute; - ratify appointments made by the chairman of the executive committee under the powers given the chairman to make such appointments; - appoint the institute's president and chief executive officer; - designate the time and place of the general membership meeting of the institute, as well as meetings of the executive committee; and - direct the activities of the president.”

“The vinyl institute has member companies who pay annual dues to the association. These companies are involved in the manufacture of pvc resin and additives for vinyl products. Any company recognized as a legal entity may become a member of the institute provided that it falls in one of the listed membership classes. 1. Company member: company membership shall be open to any company with the capacity in the u.s. To manufacture one billion pounds or more of vinyl chloride suspension polymers or copolymers. 2. Associate member: associate membership shall be open to any company with the capacity in the u.s. To: (1) manufacture less than one billion pounds of vinyl chloride suspension polymers or copolymers; (2) vinyl chloride monomer; or (3) vinyl chloride dispersion polymer. 3. Supplier member: supplier membership shall be open to any company that manufactures in the u.s. Adjuvants or other raw materials used in the manufacture, compounding, or fabrication of vinyl chloride polymers, such as polymerization catalysts, plasticizers, stabilizers, lubricants, filters, processing aids, and impact modifiers. 4. Converter/formulator member: converter/formulator membership shall be open to any company that in the u.s.: (1) converts vinyl-based materials into products; or (2) formulates or compounds vinyl-based products. 5. International manufacturer member: international manufacturer membership shall be open to non-u.s. Manufacturers of vinyl chloride or vinyl chloride polymers or copolymers.”

“Each company, associate, supplier, and converter/formulator member may appoint a voting representative to the board of directors.”

“The form 990 was prepared by vinyl institute's outside accounting firm and was presented to the president for his review. The form 990 was also sent to the board of directors for their review prior to filing with the irs.”

“Any director, principal officer, or member of a committee with governing board delegated powers who has a direct or indirect financial interest in a matter is an interested person. In connection with any actual or possible conflict of interest, an interested person discloses the existence of the financial interest and is given the opportunity to disclose all material facts to the executive committee and members of committees with governing-board delegated powers considering the proposed transaction or arrangement. If a conflict of interest arises, the president addresses the conflict with the advice of legal counsel, to the appropriate resolution for vinyl institute. At the beginning of each year, the president presents the conflict of interest policy to the staff of vinyl institute. Each staff member is required to review, sign, and confirm compliance with the policy.”

“The president's compensation contract is reviewed and approved by the institute's executive committee, who document the deliberation and decision in a timely manner. Other employees are reviewed for performance and salary annually by the president.”

“The vinyl institute does not make its governing documents, conflict of interest policy, or financial statements available to the public.”

“Consultant fees 711,049. Tsca consultants 1,123,908. Stewardship 165,441. Pvc consultants 268,197. Worker safety 38,893. Payroll processing fee 35,170. Other professional fees 1,502,187.”

“There is no change to the audit review process from the prior year.”