Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| part vi section a lines 6 and 7 a and b | THERE ARE TWO CLASSES OF MEMBERS OF THE INSTITUTE: PRODUCER MEMBERS AND ASSOCIATE MEMBERS. PRODUCER MEMBERS ARE ENTITLED TO ATTEND AND VOTE AT MEETINGS OF MEMBERS AND SHARE IN THE ASSETS OF THE INSTITUTE IN THE EVENT OF ITS DISSOLUTION; ASSOCIATE MEMBERS ARE REPRESENTED WITH ONE SEAT ON THE BOARD. |
| part vi section b line 11b | THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM, AND REVIEWED BY THE CEO AND CFO PRIOR TO FILING WITH THE IRS. |
| part vi section b line 15 a and b | THE CEO'S COMPENSATION IS REVIEWED AND SET BY THE COMPENSATION COMMITTEE OF THE BOARD EACH YEAR USING INDEPENDENT SURVEYS IN THE DECISION PROCESS. SENIOR STAFF COMPENSATION IS REVIEWED AND SET BY THE CEO EACH YEAR WITHIN THE CONSTRAINTS OF THE APPROVED BUDGET FOR THE COMING YEAR. |
| part vi section c line 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| part xi line 9 | OTHER CHANGES IN FUND BALANCE CONSISTS OF THE FOLLOWING: pension changes other than net perioic benefit costs $5,336,701 |
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