| Form 990, Part VI, Section A, line 2 |
Douglas Kurkul is employed by American Foundry Society. Cast Metals Institute and American Foundry Society share board members. |
| Form 990, Part VI, Section A, line 6 |
The sole member of the corporation shall be the American Foundry Society, an Illinois not-for-profit corporation. |
| Form 990, Part VI, Section A, line 7a |
Directors shall be elected annually by the sole member of the corporation at its winter meeting in January, or at such other time as may be determined by the sole member. |
| Form 990, Part VI, Section A, line 7b |
The corporation shall not merge or consolidate with any other corporation or entity, nor sell, lease, exchange or transfer over 10% of its assets, nor agree to any contract or engage in any other transaction where the amount involved exceeds $50,000 without the approval by the sole member. |
| Form 990, Part VI, Section B, line 11b |
Board resolution passed August 2009 delegates this responsibility to the Finance Committee for independent review before filing. The Form 990 is also provided to all members of the governing body before it is filed. |
| Form 990, Part VI, Section B, line 12c |
All new board members sign the conflict of interest policy at the beginning of their 3 year term. The conflict of interest policy is renewed annually at the August board meeting each year a board member serves. Due to the nature of our industry, there is an awareness of what is happening within to informally monitor throughout the year. If a conflict occurs, the board member would recuse themselves from voting on the matter. |
| Form 990, Part VI, Section C, line 19 |
The governing documents, conflict of interest policy and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). |
| Form 990, Part XI, line 9: |
Pension-related charges other than net periodic pension cost -16,525. |
Attach to Form 990 or 990-EZ.