American Coatings Association Inc

“The American Coatings Association is a membership organization and member companies pay dues based on pre-approved dues schedules. The following classes of corporate memberships fall within different dues structures and include varied services depending upon classification: coatings manufacturer; supplier; distributors; associate; equipment and sundries; caulks, sealants, adhesives and printing ink manufacturers; and coatings science and technology professionals.”

“The independent auditing firm engaged to conduct the audit prepares the Form 990 on the basis of the audited financial statements. Specific questions in the return are sent to the appropriate officials. Once a draft is completed, the CFO reviews the draft for accuracy and completeness. Any proposed changes or questions are discussed at that time. In addition, the auditing firm is available for any questions. The final Form 990 is signed by the President.”

“Prior to every meeting of the Association or any of its committees, the anti-trust policy and conflict of interest policy are brought to the attention of all participants by the acting-chair of the committee as part of the agenda. Enforcement and monitoring are done, if needed, and the policies are subject to periodic review.”

“In accordance with Article VII, Section 2 of the Association bylaws, the Compensation Committee appointed by the Chair, consisting of the Chair, Vice-Chair and Treasurer, and two members selected from the Executive Committee meet once per year to discuss and determine executive staff compensation. An independent consultant prepares the data of comparable compensation for like-qualified persons in functionally comparable positions at similarly-situated organizations.”

“The Association provides a copy of the Form 990, 990-T, and/or D-20 upon request in either PDF format or in hard-copy printed format as the requestor desires and within a reasonable time period (usually within 24 hours of the request). Conflict of interest, anti-trust and the whistle-blower policies are incorporated in the Association's Employee Handbook/Manual and are available on the Association's intranet site for access by the staff. Governing documents (Bylaws, Articles of Incorporation, conflict of interest, anti-trust policies) are included in the membership directory and Association website accessible to all staff and members.”

“The American Coatings Association (ACA) is a voluntary, nonprofit trade association working to advance the interests of the paint and coatings industry and the professionals who work in it. The organization represents paint and coatings manufacturers, raw materials suppliers, distributors, and technical professionals. ACA serves as an advocate and ally for members on legislative, regulatory and judicial issues, and provides forums for the advancement and promotion of the industry through educational and professional development services.”

“The Association shall advance the interests of the coatings industry and serve as its chief advocate and spokesperson before the government and public; domestically and globally. The Association shall undertake programs and services that support the coatings industry's commitment to environmental protection, sustainability, product stewardship, health and safety, corporate responsibility, and the advancement of science and technology.”

“The Organization has a committee, the Budget and Finance Committee, that assumes primary responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process is consistent with prior years.”