Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP IN THE CORPORATION IS VOLUNTARY, AND IS OPEN TO ANY PERSON OR ENTITY THAT HAS AN INTEREST IN THE RELIABLE OPERATION OF THE AMERICAN CHAMBER OF COMMERCE IN FRANCE. MEMBERS MUST REGISTER WITH THE CORPORATION, MAINTAIN REGISTRATION IN ACCORDANCE WITH THE BYLAWS, AND COMPLY WITH THE OTHER CONDITIONS AND OBLIGATIONS OF MEMBERSHIP AS SPECIFIED IN THE BYLAWS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | YES, THE 31 INDEPENDENT MEMBERS ARE ELECTED BY THE MEMBER REPRESENTATIVES COMMITTEE, WHICH IS ELECTED BY THE MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBER REPRESENTATIVES COMMITTEE MUST EACH APPROVE CHANGES TO THE BYLAWS AND THE ORGANIZATION'S RULES OF PROCEDURES. | |
| FORM 990, PART VI, SECTION B, LINE 10B | THE EXECUTIVE COMMITTEE HAS VALIDATED A MOTION TO REVISE THE ORGANIZATION'S BYLAWS, SO THAT THE GOVERNANCE OF THE CHAPTERS BE CLEARLY DEFINED AND STATED. THE PROJECT WILL ALSO UNDERTAKE TO DEFINE A BOARD DIRECTOR'S RESPONSIBILITIES (CHARTE D'ADMINISTRATEUR) AND BETTER LAY OUT IN GENERAL BOARD LEVEL GOVERNANCE. THE PROJECT WILL BE PRESENTED FOR APPROVAL TO THE BOARD IN SEPTEMBER 2011. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF FORM 990 IS PROVIDED TO THE MANAGING DIRECTOR, FOR REVIEW AND SIGNATURE, BEFORE IT IS FILED WITH IRS. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE CORPORATE PRESIDENT AND OFFICERS REVIEW THE ORGANIZATION'S COMPENSATION PLAN AT THE BEGINNING OF EACH BUDGET CYCLE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S BYLAWS, GOVERNING DOCUMENTS, AND OTHER CORPORATE POLICIES, AND DETAILED BUDGET ARE ALL POSTED AND AVAILABLE FOR PUBLIC INSPECTION ON ITS WEBSITE. THE ORGANIZATION PROVIDES COPIES OF ITS AUDITED FINANCIAL STATEMENTS UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 69,901. PPA/UNREALIZED GAIN ON CURRENCY EXCHANGE -55,597. TOTAL TO FORM 990, PART XI, LINE 5: 14,304. |
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