Institute of Nuclear Power Operations

“Any person, firm, agency, or corporation, public or private, holding an operating license or construction permit issued by or applying for an early site permit or a combined construction permit and operating license from the authorized us government agency for the generation of electricity or steam for commercial purposes through the application of nuclear power may be a member of the institute.”

“Each member shall have one vote in the election of directors of the institute.”

“After form 990 is prepared by an outside cpa firm, frazier & deeter, llc, the form is reviewed by inpo executive management for accuracy. A copy of the audited financial statements and the form 990 are provided to all members of the finance and audit committee of the inpo board of directors prior to the electronic filing of the form 990.”

“The organization's "business ethics and professionalism" policy covers all aspects of the required standard of ethical and professional conduct for individuals involved in the conduct of the organization's work. Activities must be conducted with integrity and independent of influences or conflicts of interest that could impair professional judgement.the policy states no formal monitoring program beyond manager observation, but relies on the professionalism and good judgement of employees to disclose any doubtful situation they encounter so that management can review it and render an opinion as to its propriety. Compliance with this policy is strictly enforced.”

“For all officers of the organization, market rates are determined annually through collection and analysis of comparability data. This analysis is reviewed by the personnel development and compensation committee (pd&c) of the inpo board of directors and approved by that committee.the comparable positions in the marketplace and inpo's methodology for determining market rates are reviewed and adjustments (if needed) are made to the salary structure and methodology. The market rate analysis establishes salary ranges for the officer level positions. Actual salaries for the officers below the ceo are determined by the ceo and executive vice presidents and are based on performance, position within the approved salary range, and position in relation to other incumbents. Salary recommendations for executive and senior vice presidents are reviewed by the ceo and approved by the pd&c. The ceo's salary may be adjusted annually based on pd&c review of market data and ceo performance. The pd&c recommends all salary actions regarding the ceo to the full board for approval.”

“The organization's certificate of incorporation is on file with the delaware secretary of state. Financial statements are incorporated in the annual form 990 filed with the internal revenue service. Copies of audited financial statements and form 990 are available upon request.”

“L.j. Good - 526 s. Church street, charlotte, nc 28202. C.c. Womack - 30 ivan allen jr blvd, atlanta, ga 30308. P.k. Poppe - p.o. Box 770000, san francisco, ca 94177. J.j. Lyash - 400 west summit hill drive, knoxville, tn 37902. J.a. Burke - 6555 sierra drive, irving, tx 75039. R.m. Blue - 600 e. Canal street, 20 fl, richmond, va 23219. C.o. Reasoner iii - p.o. Box 411, burlington, ks 66839. J.w. Ketchum - 700 universe blvd, juno beach, fl 33408. J. Dominguez - 1310 point street, baltimore, md 21231. G.t. Powell - 12090 fm 521, wadsworth, tx 77483. G. Norcia - 1 energy plaza, detroit, mi 48226. M.j. Lyons - p.o. Box 66149, saint louis, mo 63166. A. Marsh - p.o. Box 61000, new orleans, la 70161.”

“At december 31, 2024, net assets with donor restrictions represents a contribution for the purpose of a future research project. There were no releases from net assets with donor restrictions during the year ended december 31, 2024.”

“Minimum other post-retirement liabilities adjustment 239,093.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accounant. This process has not changed since the prior year.”

“During 2024, inpo determined that it was necessary to restate its previously issued financial statements as of and for the year ended december 31, 2023. Effective january 1, 2023, inpo amended the plan documents for the active and retiree medical plans, and the associated voluntary employees' benefit association (veba) trust agreement (note 6). As of and for the year ended december 31, 2023, the active medical plan was not presented correctly in inpo's financial statements as the plan sponsor. As a result, inpo's assets, liabilities, net assets, and change in net assets were understated by $8,373,761, $888,300, $7,485,461, and $7,485,461, respectively. Net assets without donor restrictions at december 31, 2023 were previously reported as $65,620,508 and restated to $73,105,969.”