Industry Council for Tangible Assets

“The classes of members of the corporation shall be as follows: 1 leadership board 2 endowment 3 sustaining member 4 founder 5 ambassador 6 benefactor 7 platinum 8 double eagle 9 gold 10 silver 11 bronze 12 associate - limited to persons associated with tangible assets businesses 13 consumer patron -limited to persons not in the trade (no voting rights) 14 affiliate - limited to persons employed by current members 15 supporter - limited to persons not in the trade (no voting rights) 16 coin clubs, state coin association, and affiliated professional organizations”

“The members in the ambassador, benefactor, platinum, and double eagle categories shall be entitled to elect (1) director each, the gold and silver classes shall be entitled to elect two (2) directors each, and the bronze class shall be entitled to elect four(4) directors to the board of directors in an election in which only members for that class may vote. In addition, the members shall be entitled to elect four (4) directors to the board of directors in an election in which all members may vote.”

“Each member shall be entitled to cast one vote on any question brought before the membership except as might be otherwise provided in a resolution of the board of directors.”

“The tax return in prepared by an independent accounting firm and reviewed by the executive director. It is provided to the board prior to filing.”

“Process of determining the compensation of key employees - the organization has a volunteer board of directors, treasurer, and officers. The officers meet and review compensation for similar sized organizations, activities, and employees of similar senority. The officers, acting for the full board of directors, review all hiring decisions and compensation, and approve them. The organization compares compensation issues with other non-profit organizations using publically available infomration.”

“Public disclosure of governing document, policies, and financial statement - the website has are links to request all the above information.”

“Icta is the national trade association for all who have an interest in precious metals, rare, coins, us and foreign currency, and other numismatic and tangible assets. Incorporated in july, 1983, icta educates dealers on compliance with certain laws and regulations generally having to do with taxation at the federal and state level. Icta is often contacted by governmental agencies and state legislatures for input from the rare coin/ precious metals industry on laws and regulations before they are finalized. Icta provides information for its dealer members and acts as a clearinghouse to alert members to any new procedures or reporting requirements. The organization serves as a line of communication between the rare coin/precious metals community and government to ensure that 1) laws and regulations are written and enacted fairly and 2) that icta's dealer members are in full compliance with federal and state reporting requirements.”

“ROUNDING -3.”