Professional Risk Managers' International Association

“The executive committee consists of the chair, vice-chair, secretary and treasurer of prmia's board of directors and is subject to the authority of the board of directors. The executive committee has the power to direct the routine administrative affairs of prmia between meetings of the board of directors. The chair shall serve as chairperson of the executive committee.”

“Sustaining member - voting rights, $200 annual membership; contributing member - voting rights, $100 annual membership; affiliate member - no voting rights, free membership;”

“Sustaining member - voting rights; contributing member - voting rights; affiliate member - no voting rights;”

“Any amendment to, or repeal of, the articles of incorporation or the bylaws require the approval of the members.”

“The director of finance reviews the form 990 in detail followed by the finance committee. The return will be provided to the full board of directors prior to filing with the irs.”

“Except as permitted by law, with respect to any contract or other transaction between prmia and any director (or an organization in which a director may be a director, officer, or legal representative, or has a material financial interest): a) the material facts as to such contract or transaction as to the director's interest must be fully disclosed or known to the board of directors prior to approval of such contract or transaction; b) such approval shall require the affirmative vote of a majority of the total number of directors, not counting any vote that the interested director might have; c) the interested director shall not be counted in determining the presence of a quorum; and d) proceedings are documented in the meeting minutes.”

“The board reviews and determines the annual compensation for management positions based on industry standard, location, experience, etc. This process last occurred in 2020.”

“The organization's governing documents and financial statements are made available to the public through their website. The conflict of interest policy is not made available to the public.”

“Profesional risk managers' international association is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f)”

“Professional risk managers' international association is required to use ads method of depreciation, therefore they cannot claim any special depreciation allowance pursuant to irc sec. 168(k)(7), for the property placed in service during the tax year ending june 30, 2023. The current year personal property placed in service with 3 year and 5 year class. See attached form 4562.”