Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990, Part VI, Section A, line 6 | Classes of members: approximately 800 members made up of Active (individuals and/or business entity, each member is allowed 1 vote), Honorary (distinction in public affairs or previous chamber service, same privileges of active members), Shawnee City Officials. | |
| Form 990, Part VI, Section A, line 7a | The members of the Chamber annually elect the board of directors based upon nominations set-forth by the Nominating Committee. New Directors are installed in January of the beginning term year(s). The executive committee (officers) are elected by majority vote of the board. | |
| Form 990, Part VI, Section B, line 11 | The Form 990 is prepared by a CPA firm hired by the Organization after the audited financial statements are completed by the same independent CPA firm. A draft of the Form 990 is sent to the executive director and management for their review. Once all questions have been resolved, the Form 8879 is signed by the executive director giving permission to electronically file the Form 990 with the appropriate agency. | |
| Form 990, Part VI, Section B, line 15a | Compensation process for top official the compensation of the president/ceo is reviewed and approved. Annually by the executive committee which is comprised of the officers of the organization. | |
| Form 990, Part VI, Section C, line 18 | The Form 990 is made public and available through an independent website, www.guidestar.com. Also all documents, Form 990, financial statements, etc are available upon request by sending a request to the management of the Agency who is then able to determines if the documents can or will be made public. Legal counsel may be sought if needed in determining what is made public. | |
| Form 990, Part VI, Section C, line 19 | The Form 990 is made public and available through an independent website, www.guidestar.com. Also all documents, Form 990, financial statements, etc are available upon request by sending a request to the management of the Agency who is then able to determines if the documents can or will be made public. Legal counsel may be sought if needed in determining what is made public. | |
| Changes in Net Assets or Fund Balances: | Form 990, Part XI, line 5: | Change in prior year accounts receivable write-down |
| 2c | The Audit and Finance Committee selects a CPA who is presently not an active member of the Board. It shall be the duty of the Auditor to examine and audit the books of the Corporation and report its findings to the Audit and Finance Committee and the Board. The audit shall be available for inspection by the Members of the Chamber during regular business hours. |
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