The Ingaa Foundation Inc

“Ronald e. Miller, basic systems, inc., is a board director of aci services, inc. Dennis patterson, bi-con services, inc., is a majority shareholder in bi-con engineering. David slater, dte midstream, is a board member of millennium pipeline llc.”

“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. Ingaa retains an independent consultant to perform a market analysis of ingaa's compensation practice for senior executives relative to comparable positions within similar organizations. The president of ingaa provides the compensation committee with documentation supporting recommended base salary adjustments and recommended incentive compensation awards based upon the overall performance of the organization measured against its annual board-approved action plan and the performance of individual executives measured against their annual goals. The committee also evaluates the performance of the president based on these criteria. The compensation committee makes a final decision on base salary and incentive compensation for the president and all senior executives who report directly to the president, including the executive director of the ingaa foundation. The results of the deliberations of the compensation committee are reported to the board of directors of ingaa. The results also are reviewed by the chairman of the ingaa foundation with respect to compensation for the executive director of the foundation.”

“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 21 employees on the federal form w-3 for the year 2019. Of those 21 employees, time was allocated between the entities for five employees.”

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