COLD FINISHED STEEL BAR INSTITUTE NFP: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
COLD FINISHED STEEL BAR INSTITUTE NFP (EIN 20-2683139)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-16
IRS object ID
202033219349313463
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-16T14:06:38-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560747981PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DIXON HUGHES GOODMAN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11410 SPRING HILL ROAD SUITE 500AddressLine1Txt
CityTYSONSCityNm
State AbbreviationVAStateAbbreviationCd
ZIP221023056ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN202683139EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE COLD FINISHED STEEL BARBusinessNameLine1Txt
Business Name Line2INSTITUTE NFPBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCOLDBusinessNameControlTxt
Phone2023428400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13050 K ST NW NO 400AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20007ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANTHONY J VERKRUYSEPersonNm
Person TitleSECRETARY & TREASURERPersonTitleTxt
Phone2023428400PhoneNum
Signature2020-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLINDSEY KHOKHARPreparerPersonNm
PTINP01755218PTIN
Phone7039700400PhoneNum
Preparation2020-11-14PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address72.83.8.66IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-14IPDt
IP Tm14:18:57IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id839A658C77C9BD915FB92B1F12127266767FB63CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBILL GEARYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13050 K ST NW NO 400AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20007ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$123,000GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.CFSBI.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionPROMOTE AND ENCOURAGE BENEFICIAL AND USEFUL GROWTH AND DEVELOPMENT OF THE COLD FINISHED STEEL BAR INDUSTRY AND TO FOSTER, AMONG THE PUBLIC, THE GOVERNMENT, MEMBERS OF THE INDUSTRY AND MAJOR USER GROUPS, AN AWARENESS AND RECOGNITION OF MATTERS AND CONDITIONS OF IMPORTANCE TO OR AFFECTING THE INDUSTRY.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$118,500PYProgramServiceRevenueAmt
CY Program Service Revenue$123,000CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$118,500PYTotalRevenueAmt
CY Total Revenue$123,000CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$136,444PYOtherExpensesAmt
CY Other Expenses$128,105CYOtherExpensesAmt
PY Total Expenses$136,444PYTotalExpensesAmt
CY Total Expenses$128,105CYTotalExpensesAmt
PY Revenues Less Expenses-$17,944PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$5,105CYRevenuesLessExpensesAmt
Total Assets BOY$230,548TotalAssetsBOYAmt
Total Assets EOY$225,443TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$230,548NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$225,443NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE CFSBI PROMOTES THE GROWTH OF THE COLD FINISHED STEEL BAR INDUSTRY AND FOSTERS AN AWARENESS OF MATTERS AFFECTING THE INDUSTRY'S BUSINESS PROSPECTS WITH SPECIAL ATTENTION TO LEGISLATIVE, REGULATORY AND TRADE CONCERNS. THE CFSBI MAINTAINS AN ACTIVE LIAISON WITH OTHER TRADE ASSOCIATIONS ON ITS MEMBERS' BEHALF. THE INSTITUTE PROVIDES MEMBERS AND ASSOCIATE MEMBERS WITH THE INDUSTRY-SPECIFIC TOOLS NECESSARY TO MAKE PRUDENT BUSINESS DECISIONS AND OPERATE MORE PRODUCTIVELY AND PROFITABLY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescGOVERNMENT AFFAIRS; IDENTIFY REGULATIONS AND LEGISLATION HAVING POTENTIAL IMPACT ON INDUSTRY; INTERPRET THE EFFECT ON COLD FINISHED STEEL BAR PRODUCERS;ASSIST MEMBERS IN BRINGING PROCESSES & PRACTICES IN COMPLIANCE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescMEMBER EDUCATION MEETINGS AND SEMINARS (SEMI-ANNUAL) TO UPDATE MEMBERS ON ISSUES FACING INDUSTRY.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescINDUSTRY TECHNICAL AFFAIRS AND PRODUCT PROMOTIONDesc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE INSTITUTEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2023428400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13050 K STREET NW SUITE 400AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20007ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MARK A REDDING
CHAIRMAN3.00Yes (X)Yes (X)$0$0$0
WILLIAM JAWORSKI
BOARD MEMBER1.00Yes (X)$0$0$0
WILLIAM MARSH
BOARD MEMBER1.00Yes (X)$0$0$0
DAVID GILLESPIE
BOARD MEMBER1.00Yes (X)$0$0$0
WILLIAM GEARY
BOARD MEMBER1.00Yes (X)$0$0$0
ERIC NYSTROM
BOARD MEMBER1.00Yes (X)$0$0$0
CASEY BOUTON
BOARD MEMBER1.00Yes (X)$0$0$0
DENNIS HANSER
BOARD MEMBER1.00Yes (X)$0$0$0
TONY VERKRUYSE
SECRETARY & TREASURER3.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KELLEY DRYE & WARREN LLPBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line13050 K STREET NW SUITE 400AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20007ZIPCd
FieldValueIRS element (for citing)
ServicesLEGAL SERVICESServicesDesc
Compensation$120,539CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescMEMBERSHIP ASSESSMENTSDesc
Business900099BusinessCd
Total Revenue Column$123,000TotalRevenueColumnAmt
Related Or Exempt Func Income$123,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$123,000TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$123,000TotalRevenueColumnAmt
Related Or Exempt Func Income$123,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$120,530TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,000TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$900TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,192TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmt
STATE REPRESENTATION$405
MISC. EXPENSES$78

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$128,105TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$230,548BOYAmt
EOY$225,443EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$230,548BOYAmt
EOY$225,443EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$230,548BOYAmt
EOY$225,443EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$230,548BOYAmt
EOY$225,443EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$230,548BOYAmt
EOY$225,443EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$5,105ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior YearYes (1)AgreeCarryoverPriorYearInd
Dues Assessments$123,000DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$21,066NonDeductibleLbbyngPltclCYAmt
Non Ded Lbbyng Pltcl Cyov$11,836NonDedLbbyngPltclCyovAmt
Non Deductible Lbbyng Pltcl Tot$32,902NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$19,311AggregateReportedDuesNtcAmt
Carried Over$13,591CarriedOverAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6REGULAR MEMBER - ANY SOLE PROPRIETORSHIP, PARTNERSHIP, LIMITED LIABILITY COMPANY, CORPORATION, OR OTHER ENTITY, OR THE RECEIVER OR TRUSTEE OF SUCH AN ENTITY, ENGAGED IN THE BUSINESS OF PRODUCING (PRIMARILY IN NORTH AMERICA) COLD FINISHED STEEL BAR SHALL BE ELIGIBLE TO BE A REGULAR MEMBER IN THE CORPORATION. ASSOCIATE MEMBER - ANY SOLE PROPRIETORSHIP, PARTNERSHIP, LIMITED LIABILITY COMPANY, CORPORATION, OR OTHER ENTITY, OR THE RECEIVER OR TRUSTEE OF SUCH AN ENTITY, ENGAGED IN THE BUSINESS OF PRODUCING SPECIAL QUALITY HOT ROLLED STEEL BARS INTENDED FOR COLD DRAWING BY PRODUCERS (PRIMARILY IN NORTH AMERICA) OF COLD FINISHED STEEL BARS, SHALL BE ELIGIBLE TO BE AN ASSOCIATE MEMBER IN THE CORPORATION. AFFILIATE MEMBER - ANY SOLE PROPRIETORSHIP, PARTNERSHIP, LIMITED LIABILITY COMPANY, CORPORATION, OR OTHER ENTITY, OR THE RECEIVER OR TRUSTEE OF SUCH AN ENTITY, ENGAGED IN THE BUSINESS IN NORTH AMERICA OF THE MANUFACTURE OR SALE OF COLD DRAWING DIES, OILS AND LUBRICANTS, OR MACHINES FOR CONTINUOUS DRAWING (COIL TO STRAIGHT LENGTH), BENCH OPERATIONS (STRAIGHT LENGTH TO STRAIGHT LENGTH), CENTERLESS GRINDING, TURNING, MECHANICAL DESCALING, SAWING (BAR ONLY), SHEARING (BAR ONLY), STRAIGHTENING (BAR ONLY), MATERIAL HANDLING (BAR ONLY), OR CHAMFERING OF COLD FINISHED STEEL BARS SHALL BE ELIGIBLE TO BE AN AFFILIATE MEMBER IN THE CORPORATION.
FORM 990, PART VI, SECTION A, LINE 7AREGULAR MEMBERS HAVING VOTING RIGHTS, WHILE ASSOCIATE AND AFFILIATE MEMBERS ARE NOT ENTITLED TO VOTE AT ANY MEETING OF REGULAR MEMBERS, BOARD OF DIRECTORS, OR OF ANY OTHER COMMITTEE OF THE CORPORATION. THE PRINCIPAL OFFICERS (CHAIRMAN, VICE CHAIRMAN AND SECRETARY-TREASURER) OF THE CORPORATION SHALL BE ELECTED AT THE ANNUAL MEETING OF THE CORPORATION. THE REGULAR MEMBERS MAY APPOINT SUCH OFFICERS, IN ADDITION TO THE PRINCIPAL OFFICERS, INCLUDING ONE OR MORE ASSISTANT SECRETARY-TREASURER OR AN EXECUTIVE SECRETARY, AND SUCH AGENTS AND EMPLOYEES AS THE REGULAR MEMBERS MAY DEEM NECESSARY OR ADVISABLE BY VOTE AT AN ANNUAL OR SPECIAL MEETING. THE BOARD OF DIRECTORS SHALL CONSIST OF THE CHAIRMAN OF THE CORPORATION AND ACCREDITED REPRESENTATIVES OF TWO OTHER REGULAR MEMBERS. THE MEMBERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE REGULAR MEMBERS AT THE ANNUAL MEETING OF REGULAR MEMBERS FOR A ONE-YEAR TERM OR UNTIL THEIR RESPECTIVE SUCCESSORS ARE ELECTED AND QUALIFIED OR UNTIL THEY SHALL RESIGN OR ARE REMOVED BY THE VOTE OF THE REGULAR MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7BWHILE THE INSTITUTE IS OPERATED BY ITS BOARD OF DIRECTORS, COMPRISED OF ACCREDITED REPRESENTATIVES OF EACH REGULAR MEMBER, DAY-TO-DAY ACTIVITIES ARE CONDUCTED THROUGH A SERIES OF COMMITTEES AND TASK FORCES IN WHICH ALL MEMBER COMPANIES MAY PARTICIPATE. THE "HANDS-ON" INVOLVEMENT OF MEMBERS IN ISSUES RELATING TO THE INDUSTRY HAS BEEN A PIVOTAL REASON FOR THE EFFECTIVENESS OF CFSBI.
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT OF THE FORM 990 IS REVIEWED BY THE SENIOR ACCOUNTANT AND SECRETARY/TREASURER PRIOR TO FILING. THE FORM 990 IS AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW. THE FORM 990 IS AVAILABLE TO ALL BOARD MEMBERS AFTER FILING.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IF AND TO THE EXTENT LEGALLY REQUIRED TO DO SO.

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