International Bone and Mineral Society

“THE SOCIETY HAS AN ASSOCIATION MANAGEMENT COMPANY (SMITHBUCKLIN CORPORATION) IN CHICAGO, ILLINOIS. SMITHBUCKLIN CORPORATION IS A MANAGEMENT COMPANY WHICH MANAGES ALL ASPECTS OF THE ORGANIZATION IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS AND POLICIES. OPERATIONS MAY INCLUDE BY ARE NOT INCLUDED TO ADMINISTRATION, MEMBERSHIP, FINANCE AND ACCOUNTING, CONVENTION/TRADESHOW/MEETING PLANNING, EDUCATION, MARKETING, INFORMATION TECHNOLOGY, AND GOVERNMENT RELATIONS. SMITHBUCKLIN EMPLOYEES PROVIDE THESE SERVICES AND TOTAL FEES PAID TO SMITHBUCKLIN was $34,610. SMITHBUCKLIN WAS UNABLE TO CONFIRM THE INDIVIDUAL SALARIES PAID TO THESE EMPLOYEES.”

“The society has 6 classes of members: individual, members in training, honorary, emeritus, affiliate and corporate. Individual, members in training and affiliate members have the right to vote.”

“The ibms membership elects the members of the board of directors by mail ballot.”

“Members may be requested to vote on matters brought before them by the officers of ibms either by mail ballot (for issues deemed to be crucial and unable to wait until the next regular meeting of the membership) or at a general meeting of the membership. Matters requesting the votes of members shall be approved by the majority of the members attending the general meetings or by the majority of members participating in a voting process by mail or email ballot.”

“A copy of the form 990 is distributed to the board of directors prior to issuance. The smithbucklin client manager performs the initial review and the executive director does a final review.”

“The policy is reviewed each year and during each meeting. The executive committee asks for those who may have a conflict of interest in a specifice topic area to not participate and excuse themselves from the meeting and decision making.”

“Compensation process for top management official - compensation is not subject to a review and approval process for ceo, executive director, or top management official because there are no employees of ibms. Instead, ibms outsources the management function to smithbucklin, who hires qualified employees, such as the executive director to manage the day to day functions of ibms. Day functions of ibms.”

“The bylaws are made available to members on the members only website. The bylaws, financial statements and conflict of interest policy are available to the public upon request.”

“Ibms issued a large, unusual grant due to the winding down of its operations. It plans to dissolve and issue a grant for any assets remaining in 2018.”