Motorcycle Safety Foundation Inc

“Members are comprised of individuals who pay dues.”

“Each member, in good standing, who pays dues may designate one full-time employee as a trustee. In the event there are more than seven members in good standing, then the five members with the largest percentages of the u.s. Motorcycle market, for the prior calendar year, shall each have the right to designate one full-time employee as a trustee. Each of the remaining two trustee positions shall be filled by a full-time employee of any of the other members of the foundation and shall be elected by a vote of all members of the foundation.”

“All amendments to the bylaws are presented to and must be approved by the foundation's members.”

“A draft copy of form 990 is provided to management and the audit committee for review and comment; the entire board receives a draft prior to filing of the tax return.”

“Annually, board members, officers, and key employees are required to review the organization's conflict of interest policy and update their disclosures. Updated disclosure statements are reviewed by legal counsel; legal counsel investigates disclosures that could result in potential issues or conflicts of interest. Conflict of interest policy: you are expected to avoid any activity, agreement, business investment or interest, or other situation which could appear that you are improperly benefitting from your employment with the associations. This includes the use of your relationship with the associations for personal profit or advantage, either directly or indirectly, such as the taking of money, merchandise or services from a vendor or member for personal gain. Good judgment will prevent the possibility of a conflict of interest from arising. However, if you engage or plan to engage in any activity or transaction which might cause an actual or perceived conflict of interest, you must disclose the situation in advance to your supervisor. Please consult human resources if you have any questions regarding this policy. The president, a vice president or the board must be consulted before the hiring of associates, contracting for services, or purchasing from suppliers that are related to, or financially associated with, an associate.”

“Annually, the compensation committee (comprised of 3 or more elected board members) meets to review, approve, and document the president's compensation. The review process includes, but is not limited to, analysis of compensation levels for other industry leaders, american research corporation survey and analysis of ceo compensation, financial results and stewardship, and accomplishments related to the organization's strategic plans. In addition, the compensation committee reviews the proposed compensation of the other officers and key employees of the organization.”

“The organization makes available for public inspection a copy of its exemption application and its annual returns for the preceding three years for anyone who requests to see them in person or in writing. The documents are available during regular business hours at the organization's office. A copy is generally furnished on the same day when the request is made in person, or within 30 days of receiving a written request.”

“Motorcycle safety foundation, inc. Shares common personnel with the following organizations exempt under irs code section 501(c): specialty vehicle institute of america motorcycle industry council, inc. National motorcycle safety fund, inc. Recreational off-highway vehicle association the right rider access fund, inc. To minimize overhead and administrative expenses for the organizations, shared personnel are required to perform certain administrative functions for all of the organizations. The duties and responsibilities are set forth in separate agreements between the organizations. To the extent necessary or required by the agreements, the council is reimbursed for the costs associated with the services provided on behalf of the other other organizations.”

“The audit oversight process has not changed from the prior year.”