Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | Line 2: Thomas J Donohue, William G Little, and Paul J Klaasen all served on the Sunrise Senior Living Board in 2011. David Chavern and Donald J Shepard both served on the Aegon USA Board together in 2011. Edward B Rust, Jr served on the Caterpillar board with Stuart L. Levenick. Greg Lebedev, board member and consultant, is married to Suzanne Clark, former key employee and consultant. | |
| Form 990, Part VI, Section B, line 11 | In accordance with the Audit Committee charter, the draft Form 990 was provided in advance to the Audit Committee members, and reviewed individually with each member prior to completion. The Audit Committee performs this function pursuant to a delegation from the Board of Directors. The board reviews the most recently completed tax return at each of its regularly scheduled meetings. | |
| Form 990, Part VI, Section B, line 12c | We annually notify staff of the Standards of Conduct and Ethics policy, which includes a requirement that any transaction or relationship that is reasonably expected to give rise to an actual or apparent conflict of interest be brought to the attention of a supervisor, a senior manager in the Human Resources department or the Office of General Counsel. In addition, we issue an annual written questionnaire to all members of the board of directors asking for information on potential conflicts of interest, which is gathered by the chief financial officer. All reports of potential conflicts will be evaluated by the Chief Legal Officer and General Counsel, who serves as the Chamber's Ethics Officer, in consultation with other senior management and staff, as appropriate. Any conflicts of interest involving board members or staff that cannot be resolved in accordance with the Chamber's conflicts policies shall be elevated to the Chair of the Chamber's Audit Committee for further consideration and action. | |
| Form 990, Part VI, Section B, line 15 | Part VI Question 15a The process for determining the total compensation of the President/CEO is as follows. The President/CEO has a written employment agreement with the Chamber. Total compensation is reviewed annually by an independent compensation consultant. The consultant prepares a compensation study primarily utilizing, as available, Form 990s and surveys of comparable organizations with similar responsibilities. Based on this information, total compensation is determined by the U.S. Chamber's Employee Compensation and Benefit Arrangements Committee on an annual basis. Part VI Question 15b The process for determining total compensation for the officers, key employees and highly compensated employees is as follow. For six individuals, who are also direct reports of the President/CEO, total compensation is reviewed annually by an independent compensation consultant. The consultant prepares a compensation study primarily utilizing, as available, Form 990s and surveys of comparable organizations with similar responsibilities. For the remaining five individuals, this consultant provides compensation information based on surveys of comparable organizations with similar positions. Based on this information, total compensation is determined by the President/CEO and the U.S. Chamber of Commerce's Employee Compensation and Benefit Arrangements Committee on an annual basis. | |
| Form 990, Part VI, Section C, line 19 | Form 990, Part VI, Section C, Line 19: The form 990 is made available to any member of the public who requests a copy. Any requestor is forwarded to the Administrative Director of Finance, who will forward a copy of the document to the requestor. The organization's governing documents, conflict of interest policy, and financial statements are not made available to the public. Form 990, Part IV Question 12 Auditing of financial statements The U.S. Chamber of Commerce is the parent organization in the audited consolidated financial statements of the U.S. Chamber of Commerce. Schedule R lists the additional related organizations included in these consolidated financial statements. | |
| Worked for related organizations: | Part VII Section A, line 1a, column (B) | Stephen Bokat, Chamber of Commerce of the USA, 16; National Chamber Litigation Center, 1. David Chavern, Chamber of Commerce of the USA, 40; National Chamber Foundation, 1; Institute for Competitive Workforce, 1; Business Civic Leadership Center, 1, Policy Forum Endowment Fund, 1. Daniel Christman, Chamber of Commerce of the USA, 20. Lily Fu Claffee, Chamber of Commerce of the USA, 40; US Chamber Institute for Legal Reform, 1; National Chamber Foundation, 1; National Chamber Litigation Center, 1, Policy Forum Endowment Fund, 1. Suzanne Clark, Chamber of Commerce of the USA 16. Thomas Collamore,Chamber of Commerce of the USA, 40; National Chamber Foundation, 1. Thomas J Donohue, Chamber of Commerce of the USA, 40; US Chamber Institute for Legal Reform, 1; National Chamber Foundation, 1; National Chamber Litigation Center, 1; Institute for Competitive Workforce, 1; Business Civic Leadership Center, 1. Stan M Harrell, Chamber of Commerce of the USA, 40; US Chamber Institute for Legal Reform, 1; National Chamber Foundation, 1; National Chamber Litigation Center, 1; Institute for Competitive Workforce, 1; Business Civic Leadership Center, 1, Policy Forum Endowment Fund, 1. David Hirschmann, Chamber of Commerce of the USA, 40; National Chamber Foundation, 1. Greg Lebedev, Chamber of Commerce of the USA, 25; National Chamber Foundation, 3. |
| Changes in Net Assets or Fund Balances: | Form 990, Part XI, line 5: | Minimum Pension Reserve Liability Adjustment -17732124. In kind receivable adjustment -20000. Total to Form 990, Part XI, Line 5: -17752124. |
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