The Ingaa Foundation Inc

“Through normal course of business, companies represented on the foundation board are involved in various business activities such as service contracts, joint ventures, etc.”

“The ingaa foundation, inc. Is a section 501c (6) corporation and as such is not allowed to have shareholders. The ingaa foundation has two classes of members: interstate and interprovincial natural gas pipelines members and non-pipeline members.”

“A member in good standing specified by the board of directors shall be entitled to designate an individual to serve on the board of directors.”

“Following a majority vote by the executive committee to approve, an electronic version of form 990 was made available to all board members. Upon a majority vote of the executive committee the form 990 is filed.”

“The conflict of interest policy for officers, key employees and directors was approved by the foundation on february 8, 2010. All officers, key employees, and directors involved in financial transactions must identify annually real, potential or apparent conflicts of interest that might, in fact or appearance, call into question their duty of undivided loyalty. This includes financial transactions involving a family member, an affiliated entity, or serving as a study sponsor, steering committee member, or bidding on a project that result in a contract for services are included.”

“Interstate natural gas association of america serves as the paymaster for the ingaa foundation. Seven employees were allocated to the foundation during the year.”

“The ingaa foundation, inc. Does not make its governing documents, conflict of interest policy or financial statements available to the public. The foundation does, upon request share financial statements with banks, insurance companies and other vendors for the purpose of obtaining credit.”

“Ingaa serves as the common paymaster for itself and the ingaa foundation, inc. Ingaa reported 17 employees on the federal form w-3 for the year 2022. Of those 17 employees, time was allocated between the entities for six employees.”

“No changes to the oversight or selection process has been made during the tax year.”