Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE LANCASTER CHAMBER OF COMMERCE & INDUSTRY HAS TWO CLASSES OF MEMBERSHIP: FULL - A FIRM, ASSOCIATION, CORPORATION, OR PARTNERSHIP; WHICH SUPPORTS THE ACTIVITIES OF THE CHAMBER IN ACCORDANCE WITH THE ESTABLISHED MEMBERSHIP INVESTMENT PROGRAM. FULL MEMBERS ARE ELIGIBLE TO HOLD OFFICE, VOTE AND OTHERWISE PARTICIPATE IN THE AFFAIRS OF THE CHAMBER. AFFILIATE - AN ASSOCIATION WITH A FORMALLY ESTABLISHED PARTNERSHIP WITH THE CHAMBER. AFFILIATE MEMBERS ARE NOT REQUIRED TO PAY DUES BUT CAN BE AFFORDED NON-VOTING BOARD REPRESENTATION, AT THE DISCRETION OF THE FULL BOARD. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE LANCASTER CHAMBER OF COMMERCE & INDUSTRY HAS TWO CLASSES OF MEMBERSHIP. ONLY THE FULL MEMBERSHIP HAS VOTING RIGHTS. NOMINATION: A NOMINATING COMMITTEE COMPOSED OF NOT LESS THAN EIGHT(8) DIRECTORS SHALL BE APPOINTED BY THE CHAIR EACH YEAR. THE NOMINATING COMMITTEE SHALL NOMINATE A SLATE OF PROPOSED BOARD MEMBERS TO MAINTAIN UP TO 27 DIRECTOR POSITIONS. THE NOMINATING COMMITTEE SHALL SUBMIT A LIST OF NAMES OF THE NOMINEES TO THE BOARD FOR APPROVAL NO LATER THAN THE OCTOBER BOARD MEETING. AFTER APPROVAL BY THE BOARD, THE PRESIDENT SHALL NOTIFY ALL MEMBERS OF THE PROPOSED SLATE. IN ADDITION, MEMBERS ARE TO BE ADVISED THAT THEY MAY PROPOSE THE NOMINATION OF AN ADDITIONAL PERSON FOR ELECTION TO THE BOARD PROVIDED THE NAME OF THE ADDITIONAL NOMINEE IS SUBMITTED TO THE CHAIR BY WRITTEN COMMUNICATION DULY SIGNED BY 5% OF FULL MEMBERS. IN THE EVENT NO ADDITIONAL NOMINATIONS ARE RECEIVED WITHIN THE TIME LIMIT STATED ABOVE, THE BOARD MAY, AT THE REGULAR NOVEMBER BOARD MEETING, CONFIRM THE UNANIMOUS ELECTION TO THE BOARD OF THE PERSONS PLACED IN NOMINATION BY THE NOMINATING COMMITTEE. IN THE EVENT ONE(1) OR MORE NOMINATIONS IN ADDITION TO THE PERSONS PROPOSED BY THE NOMINATING COMMITTEE IS RECEIVED, THE BOARD SHALL ARANGE FOR AN ELECTION BY THE MEMBERSHIP AT WHICH VOTING WILL BE CONDUCTED BY BALLOT OR ANY OTHER MEANS DEEMED APPROPRIATE BY THE CHAIR. VACANCIES: VACANCIES OCCURRING WITHIN THE BOARD DURING THE FISCAL YEAR SHALL BE FILLED BY THE CHAIR WITH APPROVAL OF THE BOARD. THE OFFICE OF ANY BOARD MEMBER WHO SHALL BE ABSENT FROM THREE(3) CONSECUTIVE REGULAR MEETINGS OF THE BOARD MAY BE DEEMED VACANT, AT THE DISCRETION OF THE BOARD BY A MAJORITY VOTE OF THOSE VOTING AT ANY MEETING THEREOF. | |
| FORM 990, PART VI, SECTION B, LINE 11 | PRIOR TO FILING, THIS FORM 990 IS POSTED ON THE ORGANIZATION'S WEBSITE AND NOTICE IS PROVIDED TO ALL BOARD MEMBERS. THE FORM IS ALSO REVIEWED WITH THE ORGANIZATION'S EXECUTIVE COMMITTEE. IN ADDITION, FORM 990 SHALL AT ALL TIMES BE AVAILABLE FOR INSPECTION BY THE PUBLIC WITHIN THE OFFICES OF THE ORGANIZATION. MEMBERS OF THE CHAMBER MAY ALSO INSPECT THE CONSOLIDATED AUDIT REPORT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND CONSOLIDATED AUDIT REPORT AVAILABLE FOR PUBLIC INSPECTION AS THIS IS NOT REQUIRED BY FEDERAL OR STATE LAW. THESE DOCUMENTS ARE AVAILABLE FOR INSPECTION BY CHAMBER MEMBERS AT THE OFFICE OF THE ORGANIZATION. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 36,777. |
| FORM 990, PAGE 12, LINE 2C: | THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
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