2023-09-22T13:12:47-05:00 2022-12-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2022-01-01 510391748 THE VINYL INSTITUTE VINY 2027652280 1747 PENNSYLVANIA AVENUE NW 825 WASHINGTON DC 20006 NED MONROE PRESIDENT & CEO 2027652280 2023-07-11 1 NED MONROE 999009999 0 JULIA L LAFFERTY P02288149 3019860600 2023-07-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NED MONROE 1747 PENNSYLVANIA AVENUE NW 825 WASHINGTON DC 20006 8739227 0 X WWW.VINYLINFO.ORG X 1999 DC THE VINYL INSTITUTE IS DEDICATED TO PROMOTING THE BENEFITS OF VINYL PRODUCTS. 13 13 9 13 0 0 0 0 7379220 7885021 62824 -43093 8912 18329 7450956 7860257 0 0 0 0 2160231 2175842 0 0 0 4580661 5299035 6740892 7474877 710064 385380 2925140 3418872 1734500 1985878 1190640 1432994 TOGETHER, WE SHARE THE FUTURE OF THE VINYL INDUSTRY. 0 0 STEWARDSHIP - THE VINYL INSTITUTE FUNDS PROGRAMS TO ENSURE THE SAFE MANUFACTURE AND USE OF VINYL PRODUCTS. THROUGH THE STEWARDSHIP PROGRAMS, THE VINYL INSTITUTE WORKS WITH CODES AND STANDARDS-SETTING BODIES AND REGULATORY AGENCIES TO ADDRESS, IMPROVE, AND PROTECT PVC, PVC MANUFACTURING, AND VINYL PRODUCTS. THE VINYL INSTITUTE PROMOTES HEALTH, SAFETY, AND ENVIRONMENTAL ACTIVITIES AT COMPANIES IN THE VINYL INDUSTRY THAT SAFEGUARD WORKERS AND PROTECT THE ENVIRONMENT AT MANUFACTURING FACILITIES. MEMBERSHIPS - THE VINYL INSTITUTE PAYS MEMBERSHIP DUES TO ALLIED TRADE ASSOCIATIONS WHO WORK TO PROMOTE THE SAFE USE OF PVC/VINYL PRODUCTS. VI MEMBERSHIP DUES IN ALLIED TRADE ASSOCIATIONS ENSURE THAT THE INDUSTRY COLLABORATES TO ANTICIPATE, TRACK AND RESPOND TO LEGISLATIVE,REGULATORY AND LEGAL ISSUES RELATED TO THE USE OF PVC RESINS AND ADDITIVES, WHICH OUR MEMBERS PRODUCE. MEMBERSHIP DUES TO OTHER ASSOCIATIONS ALSO HELPS IMPROVE MANAGEMENT AND COMMUNICATIONS OF ISSUES NECESSARY TO PROTECT AND ADVANCE THE REPUTATION OF THE PVC INDUSTRY. ADVOCACY - THE VINYL INSTITUTE DEFENDS AND PROMOTES THE USE OF PVC AND VINYL PRODUCTS THROUGH PARTICIPATION ON MANY CODES AND STANDARDS DEVELOPING BODIES, AND THROUGH DIRECT AND INDIRECT LOBBYING OF STATE AND FEDERAL GOVERNMENT LEGISLATIVE AND REGULATORY BODIES. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 9 1 0 0 0 0 1 1 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 2027652280 1747 PENNSYLVANIA AVE NW NO 825 WASHINGTON DC 20006 RICHARD MASON CHAIR 2.00 X X 0 0 0 DICK HEINLE VICE CHAIR 2.00 X X 0 0 0 GRANT EVANS SECRETARY 2.00 X X 0 0 0 TOM CLANCY TREASURER 2.00 X X 0 0 0 DON TOWNLEY DIRECTOR 2.00 X 0 0 0 BILL HARTMAN DIRECTOR 2.00 X 0 0 0 ERIC JANSEN DIRECTOR 2.00 X 0 0 0 JAMES DARLAND DIRECTOR 2.00 X 0 0 0 LARRY SHAW DIRECTOR 2.00 X 0 0 0 JAMES GRAY DIRECTOR 2.00 X 0 0 0 JOHN KAMINSKY DIRECTOR 2.00 X 0 0 0 RAYMOND TAYLOR DIRECTOR 2.00 X 0 0 0 JOY GALLAGHER DIRECTOR 2.00 X 0 0 0 NED MONROE PRESIDENT AND CEO 40.00 X 405340 0 73832 JAY THOMAS VP, SUSTAINABILITY 40.00 X 217941 0 59168 SUSAN WADE VP, MARKETING & COMM 40.00 X 191686 0 69565 KEVIN KOONCE VP, GOVT AFFAIRS 40.00 X 219887 0 26931 DOMENIC DECARIA VP, REGULATORY AND TECHNICAL AFFAIRS 40.00 X 197600 0 33575 1232454 0 263071 5 0 1 0 KELLER AND HECKMAN LLP 1001 G STREET NW SUITE 500 WEST WASHINGTON DC 20001 LEGAL 994803 HOGAN & LOVELLS US LLP 555 THIRTEENTH STREET NW WASHINGTON DC 20004 LOBBYING & CONSULTING 240000 THEGROUP 1730 PENNSYLVANIA AV NW SUITE 500 WASHINGTON DC 20006 LOBBYING & CONSULTING 180000 STATEHOUSE STRATEGY LLC 1803 LIZZY LANE ALLEN TX 75013 LOBBYING & CONSULTING 146296 VYCHLOR ADVISORS LLC 31358 ST ANDREWS WESTLAKE OH 44145 REGULATORY, TECHNICAL, AND SUSTAINABILI 120000 6 MEMBERSHIP DUES 900099 6740520 6740520 SPECIAL PROJECTS 900099 1133623 1133623 MEETINGS AND SEMINARS 900099 10878 10878 7885021 62139 62139 773738 878970 -105232 -105232 -105232 VSC SPONSORSHIP REVENUE 561000 18329 18329 18329 7860257 7885021 0 -24764 X 479172 1317860 145823 124911 108076 120444 65530 8971 2722700 312835 37806 350323 195344 142931 45005 13690 DUES AND SUBSCRIPTIONS 1053324 PROJECTS 230132 7474877 762059 439397 535735 761216 10196 12002 742661 627981 159685 114680 1457465 1480984 0 610593 2925140 3418872 434627 671714 1008620 472841 291253 841323 1734500 1985878 X 1190640 1432994 1190640 1432994 2925140 3418872 385380 -143026 0 X X 0 1 X 1 0 0 0 1 6740520 1041393 925890 1967283 1024559 942724 494468 379788 114680 139302 139302 0 108891 108891 0 114680 OPERATING RIGHT-OF-USE ASSET 610593 610593 OPERATING LEASE LIABILITY 841323 841323 X 7708260 -143026 -143026 7851286 8971 8971 7860257 7465906 0 7465906 8971 8971 7474877 PART X, LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE INSTITUTE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE INSTITUTE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME TAX (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH AN UNCERTAIN TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS RELATED TO UNCERTAIN TAX POSITIONS IDENTIFIED OR RECORDED AS LIABILITIES DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021. THE INSTITUTE'S POLICY WOULD BE TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, ON TAX POSITIONS RELATED TO ITS UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE ASSESSED OR RECORDED DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021. X X X 0 0 0 NED MONROE PRESIDENT AND CEO 355340 0 50000 0 0 0 35700 0 38132 0 479172 0 0 0 JAY THOMAS VP, SUSTAINABILITY 203441 0 14500 0 0 0 25946 0 33222 0 277109 0 0 0 SUSAN WADE VP, MARKETING & COMM 186686 0 5000 0 0 0 23407 0 46158 0 261251 0 0 0 KEVIN KOONCE VP, GOVT AFFAIRS 205387 0 14500 0 0 0 22068 0 4863 0 246818 0 0 0 DOMENIC DECARIA VP, REGULATORY AND TECHNICAL AFFAIRS 190100 0 7500 0 0 0 23282 0 10293 0 231175 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE AS FOLLOWS: THE VOTING REPRESENTATIVE FROM EACH COMPANY MEMBER AND THE INSTITUTE PRESIDENT, WHO SHALL HAVE NO VOTE IN THE BOARD'S DELIBERATIONS. GENERAL MANAGEMENT OF THE PROPERTY, FUNDS, AND BUSINESS OF THE INSTITUTE SHALL BE THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL: - APPROVE THE INSTITUTE'S PURPOSE, VISION AND MISSION STATEMENTS; - APPROVE THE INSTITUTE'S BUDGET; - ESTABLISH GENERAL POLICIES AND OPERATING PROCEDURES FOR THE INSTITUTE AND CONDUCT STRATEGIC PLANNING; - APPROVE THE INSTITUTE'S FINANCIAL REPORTS AND INVESTMENT PLANS; - APPROVE THE SELECTION OF AUDITORS, BANKING ESTABLISHMENTS, AND INVESTMENT COUNSELORS FOR THE INSTITUTE; - RATIFY APPOINTMENTS MADE BY THE CHAIRMAN OF THE EXECUTIVE COMMITTEE UNDER THE POWERS GIVEN THE CHAIRMAN TO MAKE SUCH APPOINTMENTS; - APPOINT THE INSTITUTE'S PRESIDENT AND CHIEF EXECUTIVE OFFICER; - DESIGNATE THE TIME AND PLACE OF THE GENERAL MEMBERSHIP MEETING OF THE INSTITUTE, AS WELL AS MEETINGS OF THE EXECUTIVE COMMITTEE; AND - DIRECT THE ACTIVITIES OF THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 6 THE VINYL INSTITUTE HAS MEMBER COMPANIES WHO PAY ANNUAL DUES TO THE ASSOCIATION. THESE COMPANIES ARE INVOLVED IN THE MANUFACTURE OF PVC RESIN AND ADDITIVES FOR VINYL PRODUCTS. ANY COMPANY RECOGNIZED AS A LEGAL ENTITY MAY BECOME A MEMBER OF THE INSTITUTE PROVIDED THAT IT FALLS IN ONE OF THE LISTED MEMBERSHIP CLASSES. 1. COMPANY MEMBER: COMPANY MEMBERSHIP SHALL BE OPEN TO ANY COMPANY WITH THE CAPACITY IN THE UNITED STATES TO MANUFACTURE ONE BILLION POUNDS OR MORE OF VINYL CHLORIDE SUSPENSION POLYMERS OR COPOLYMERS. 2. ASSOCIATE MEMBER: ASSOCIATE MEMBERSHIP SHALL BE OPEN TO ANY COMPANY WITH THE CAPACITY IN THE U.S. TO: (1) MANUFACTURE LESS THAN ONE BILLION POUNDS OF VINYL CHLORIDE SUSPENSION POLYMERS OR COPOLYMERS; (2) VINYL CHLORIDE MONOMER; OR (3) VINYL CHLORIDE DISPERSION POLYMER. 3. SUPPLIER MEMBER: SUPPLIER MEMBERSHIP SHALL BE OPEN TO ANY COMPANY THAT MANUFACTURES IN THE U.S. ADJUVANTS OR OTHER RAW MATERIALS USED IN THE MANUFACTURE, COMPOUNDING, OR FABRICATION OF VINYL CHLORIDE POLYMERS, SUCH AS POLYMERIZATION CATALYSTS, PLASTICIZERS, STABILIZERS, LUBRICANTS, FILTERS, PROCESSING AIDS, AND IMPACT MODIFIERS. 4. CONVERTER/FORMULATOR MEMBER: CONVERTER/FORMULATOR MEMBERSHIP SHALL BE OPEN TO ANY COMPANY THAT IN THE U.S.: (1) CONVERTS VINYL-BASED MATERIALS INTO PRODUCTS; OR (2) FORMULATES OR COMPOUNDS VINYL-BASED PRODUCTS. 5. INTERNATIONAL MANUFACTURER MEMBER: INTERNATIONAL MANUFACTURER MEMBERSHIP SHALL BE OPEN TO NON-U.S. MANUFACTURERS OF VINYL CHLORIDE OR VINYL CHLORIDE POLYMERS OR COPOLYMERS. FORM 990, PART VI, SECTION A, LINE 7A EACH COMPANY, ASSOCIATE, SUPPLIER, AND CONVERTER/FORMULATOR MEMBER MAY APPOINT A VOTING REPRESENTATIVE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY VINYL INSTITUTE'S OUTSIDE ACCOUNTING FIRM AND WAS PRESENTED TO THE PRESIDENT FOR HIS REVIEW. THE FORM 990 WAS ALSO SENT TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IN A MATTER IS AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE EXECUTIVE COMMITTEE AND MEMBERS OF COMMITTEES WITH GOVERNING-BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IF A CONFLICT OF INTEREST ARISES, THE PRESIDENT ADDRESSES THE CONFLICT WITH THE ADVICE OF LEGAL COUNSEL, TO THE APPROPRIATE RESOLUTION FOR VINYL INSTITUTE. AT THE BEGINNING OF EACH YEAR, THE PRESIDENT PRESENTS THE CONFLICT OF INTEREST POLICY TO THE STAFF OF VINYL INSTITUTE. EACH STAFF MEMBER IS REQUIRED TO REVIEW, SIGN, AND CONFIRM COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION CONTRACT IS REVIEWED AND APPROVED BY THE INSTITUTE'S EXECUTIVE COMMITTEE, WHO DOCUMENT THE DELIBERATION AND DECISION IN A TIMELY MANNER. OTHER EMPLOYEES ARE REVIEWED FOR PERFORMANCE AND SALARY ANNUALLY BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 VINYL INSTITUTE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTANT FEES 901,377. TSCA CONSULTANTS 1,149,420. STEWARDSHIP 235,145. PVC CONSULTANTS 34,304. WORKER SAFETY 11,636. PAYROLL PROCESSING FEE 27,538. OTHER PROFESSIONAL FEES 363,280. FORM 990, PART XII, LINE 2C THERE IS NO CHANGE TO THE AUDIT REVIEW PROCESS FROM THE PRIOR YEAR.