Abilene Industrial Foundation

“The AIF Board is a large board of 65 voting members who all have the common interest of creating economic growth in the area. It is inherent in the size of the community (117,000) that there will be business or family relationships. Grady and Jim Barr - family relationship; Gray and Tucker Bridwell - family relationship; Ron Butler and Scott Dueser - business relationship; Gail Gregg and Heath Burns - business relationship; Billy Edwards and Ray Ferguson - business relationship; Case Curnutt and Mike Denny - business relationship; Bob Surovik and Mark Zachary - business relationship; HC Zachry and Dave Hedge - business relationship.”

“The fiduciary responsibilities of the Abilene Industrial Foundation (AIF) have been outsourced to Abilene Chamber of Commerce (ACOC). All employees of the AIF are paid by ACOC and their payroll taxes and W-2's are issued under ACOC's EIN (75-0101260).”

“The Executive Committee of the Board of Directors authorized the officers of the organization to review and approve the Form 990 before submission to the Internal Revenue Service.”

“Governing documents, conflict of interest policies, the Form 990, and financial statements of the Abilene Industrial Foundation will be provided upon request. Requests are referred to the Vice President of Administration for the Abilene Chamber of Commerce.”

“Governing documents, conflict of interest policies, the Form 990, and financial statements of the Abilene Industrial Foundation will be provided upon request. Requests are referred to the Vice President of Administration for the Abilene Chamber of Commerce.”

“Payments for advocacy services regarding issues involving state agencies with offices in Abilene - $29,005. Fees and expenses for three consultants to retain and expand the military missions of $296,268”

“Part VI, Section A - Governing Body and ManagementUnder the by-laws of the AIF, the Executive Committee acts for and on behalf of the Board of Directors when the Board is not in session, but is accountable to the Board for its actions. The Executive Committee is comprised of the officers of the organization and at least fifteen members at large appointed by the Chair from among the voting directors of the Board. Generally the board meets 10 times per year and the Executive Committee meets as needed during the year.”