Safety Equipment Institute

“American society for testing and materials (astm) is the sole member of sei.”

“Astm is the sole member of sei and appoints the board of directors of sei.”

“All governance actions of the sei board are subject to review and approval by the astm board of directors.”

“The board reviews the form 990 prior to filing with the internal revenue service.”

“Sei regularly and consistently monitors and enforces compliance with its quality and operational procedures manual appendix 20.4.1. Conflicts of interest section for officers, directors, and key employees. The policy defines conflicts of interest, identifies the classes of individuals within the organization covered by the policy, and specifies procedures to follow in managing conflicts of interest. On an annual basis, all officers, directors, and key employees certify that they have read and will continue to follow the board procedures and sign the procedure manual form disclosing their potential conflicts. Any information of a possibility of a conflict of interest shall promptly be reported to the president and/or the chairman of the sei committee on certification programs (ccp). The president and/or the chairman of the sei ccp shall as promptly as possible, employ all possible means to prevent or overcome any such actions that may conceivably be in violation of this policy. These and other requirements are monitored, reviewed and resolved on an ongoing basis pursuant to the qualify and opertional procedures manual appendix 20.4.1.”

“Sei does not have any paid employees; all compensation to officers reported on part vii of the form 990 was paid by a related organization, astm. The process used to determine compensation for those individuals is as follows: officers' positions are benchmarked periodically by a major benefit consulting firm in the united states; 1/3 of all positions are benchmarked every year. The report from the benefit consulting firm includes the use of the latest available data (e.g., survey reports) as to comparable compensation for the size of the enterprise (i.e., other large nonprofit membership and trade associations) and roles and responsibilities of the positions under review. The report and written documentation of deliberations and decisions by both committees is recorded in the committee meeting minutes.”

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

“Sei does not have employees. Astm employs individuals that are assigned to perform the operations of sei. For 2024, there were 9 individuals assigned to sei. Compensation and benefits are charged to sei by astm and are reported on part ix, statement of functional expenses, lines 5 and 7-10.”

“Safety equipment institute is audited as part of the consolidated financial statements of its sole member, american society for testing and materials (astm). The audit committee of astm selects the independent accountant and assumes responsibility for oversight of the audit. The consolidated financial statements received an unqualified audit opinion for this fiscal year.”