National Asphalt Pavement Association

“Members include: asphalt pavement producers, paving contractors, equipment manufacturers, materials suppliers, equipment distributors, engineering firms, and consultants.”

“Producer members in each state elect their state advisor with one vote per producer member.”

“The dues, finance, and audit committee is given a copy of the form to review prior to its filing. Any comments or questions are reviewed by the organization's staff in conjunction with the accounting firm that prepared the return.”

“The organization requires staff and board members to fill out and submit conflict of interest statements annually. Employees and association members may not engage in any transaction or arrangement or undertake positions with other organizations that involve a conflict of interest except in compliance with this policy. Employees and association members should avoid both actual conflicts and the appearance of conflicts of interest. Association members shall excuse themselves from voting on any transaction or arrangement in which they have a potential or actual conflict of interest and shall not be present when such vote is taken.”

“The compensation of the president is reviewed and approved by the national asphalt pavement association, inc. Finance and compensation committee, consisting of the current chairman of the board, incoming chairman of the board, and an outside financial consultant. The compensation of the president takes into account comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated associations, as recommended by independent compensation studies. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. The compensation arrangement for the president shall be properly reflected in a letter signed by the current chairman of the board, stating the president's salary and other compensation benefits which is given to the vice president of finance and operations on an annual basis. The process for determining compensation for the top official was last completed in july 2024. Other officers and key employees' compensation is reviewed by the president within the salary range approved by the executive committee. The compensation of other officers and key employees takes into account comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated associations, as recommended by independent compensation studies. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. The compensation arrangement for other officers and key employees is presented in writing to the vice president of finance and operations and is signed by the president. The process for determining compensation for the officers/key employees was last performed in july 2024.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Professional fees 2,620,315.”

“Draws by joint venture partners -1,176,656.”

“The organization has not changed its audit oversight process or selection process of an independent accountant during the tax year.”