Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS | FORM 990, PAGE 6, PART VI, LINE 4 | ARTICLE II OF THE ARTICLES OF INCORPORATION OF THE GREATER ROYAL OAK CHAMBER OF COMMERCE BE AMENDED TO READ AS FOLLOWS: THE OBJECT OR PURPOSE OF THE GREATER ROYAL OAK CHAMBER OF COMMERCE SHALL BE: TO EDUCATE, SO THAT THE PUBLIC GAINS A BETTER UNDERSTANDING AND APPRECIATION OF BUSINESS AND ISSUES THAT ARE IMPORTANT TO BUSINESS WITHIN THE GREATER ROYAL OAK COMMUNITY; ASSIST THE BUSINESS COMMUNITY OF ROYAL OAK THROUGH THE DEVELOPMENT OF POSITIONS ON LEGISLATIVE ISSUES AT ALL LEVELS OF GOVERNMENT; TO PROMOTE THE EXPANSION AND GROWTH OF BUSINESS WITHIN THE GREATER ROYAL OAK COMMUNITY; TO CARRY ON ACTIVITIES, CAMPAIGNS, PROMOTIONS, PROGRAMS OR PROJECTS THAT TEND TO DIRECTLY OR INDIRECTLY ACCOMPLISH ANY OTHER FOREGOING OR OTHERWISE STRENGTHEN THE CITY, THE BUSINESSES OR THE RESIDENTS OF THE GREATER ROYAL OAK COMMUNITY; IN GENERAL, TO CARRY ON SUCH OTHER ACTIVITIES AS ARE GENERALLY CARRIED ON BY CHAMBER OF COMMERCE IN CITIES OF LIKE CHARACTER. |
| CLASSES OF MEMBERS OR STOCKHOLDERS | FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS |
| ELECTION OF MEMBERS AND THEIR RIGHTS | FORM 990, PAGE 6, PART VI, LINE 7A | MEMBERS ELECT THE BOARD |
| DECISIONS SUBJECT TO APPROVAL OF MEMBERS | FORM 990, PAGE 6, PART VI, LINE 7B | YES |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 RETURN IS REVIEWED BY THE PRESIDENT AND EXECUTIVE DIRECTOR. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF DIRECTORS WILL ASSIGN THIS TASK TO A GROUP OF 3 BOARD MEMBERS AND IT IS THEIR RESPONSIBILITY TO MAKE SURE THAT THE QUALIFICATIONS OF THE POSITION FOR EXECUTIVE DIRECTOR WILL BE MET. ALSO, THE COMPENSATION PACKAGE BEING OFFERED IS COMPARABLE TO THE SAME POSITION OF OTHER CHAMBER OF COMMERCE. ONCE THE INFORMATION IS PROVIDED TO THE OTHER BOARD MEMBERS, A VOTE IS TAKEN. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | AVAILABLE UPON REQUEST. |
| OTHER CHANGES IN NET ASSETS EXPLANATION | FORM 990, PART XI, LINE 5 | INCREASE TO UNREALIZED GAIN ON SECURITIES. |
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