American Public Transportation Association

“Membership in the association is divided into transit system members and business members. Transit system members are (a) persons, firms, corporations, trustees, receivers, municipal agencies or other governmental agencies operating any form of organized public transit system in the united states, puerto rico, canada, or mexico, or (b) any person, firm or corporation that provides professional management services to such transit systems. Business members consist of (a) manufacturers and supplier members, (b) consultant members, (c) publisher members, (d) contractor members, (e) international members, (f) association members, (g) non-operating state department of transportation members, (h) government agency members, (i) affiliates and (j) retirees.”

“Twenty directors are designated transit system directors. These are the twenty highest dues-paying transit system members of the association. Ten directors are designated business member directors. These are the ten highest dues-paying business members of the association. The remaining directors are elected by the members at an annual meeting.”

“All member classes vote on the annual election of the board of directors and on any changes to the organization's bylaws.”

“The form 990 was prepared by the outside accountants and reviewed by the audit committee. A copy of the 990 was provided to the board before it was filed with the irs.”

“All board of directors members are notified annually of the organization's conflict of interest policy. In addition, executive commitee members are required to sign an annual conflict of interest policy. If an individual becomes aware of an actual or potential conflict, either before or after the fact, they are required to immediately make full disclosure of the matter. In the case of an officer, director, or commitee officer, such disclosure is made to the organization's executive committee. Whenever, in the opinion of the executive committee, the interest disclosed constitutes a conflict of interest or the appearance of a conflict of interest detrimental to the american public transportation association (apta), the executive committee requires such action or abstention by the individual as the executive commitee determines is necessary or desirable to protect the interests of the organization. In the case of an american public transportation association employee, such disclosure is made to the apta president. Whenever, in the opinion of the apta president, the interest disclosed constitutes a conflict of interest or the appearance of a conflict of interest is detrimental to apta, the apta president requires such action or abstention by the employee as the apta president determines is necessary or desirable to protect the interests of apta.”

“The president's salary is determined by a compensation committee that reports to the executive committee and the executive committee approves the final recommendation. The compensation commitiee engages a compensation consultant who specializes in association compensation. The consultant suggests a base compensation and appropriate other compensation based on current surveys and market studies. The ceo presents his performance for the prior year based on agreed upon benchmarks and the compensation committee evaluates the achievements of the ceo and uses the benchmark to award a salary increase. The review process is documented, and the last review took place in november 2013. All other association positions are compensated based on annual performance reviews with salary ranges established by position responsibilities and non-profit surveys as determined by the association's compensation consultant. All other association positions are approved by the president.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Changes in post-retirement minimum liability 2,440,552.”