Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION PERMITS ALL LOCAL FIRMS, INDIVIDUALS, ASSOCIATIONS, CORPORATIONS, PARNERSHIPS, ESTATES, AGENCIES, OR OTHER ENTITIES INTERESTED IN THE OBJECTIVES STATED IN THE HOLMES COUNTY CHAMBER OF COMMERCE'S ARTICLES TO BE ELIGIBLE FOR MEMBERSHIP. THOSE WHO ELECT TO JOIN PAY A PREDETERMINED FEE AND RECEIVE BENEFIT SERVICES IN RETURN FOR THOSE FEES PAID. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S PRESIDENT APPOINTS A MINIMAL OF TWO MEMBERS AS THE NOMINATING COMMITTEE. THAT COMMITTEE HAS THE DUTY OF NOMINATING CANDIDATES FOR THE BOARD OF DIRECTORS, (GOVERNING BODY). THE LIST OF NOMINEES IS FILED WITH THE SECRETARY. MEMBERS MAY ALSO MAKE NOMINATIONS ON THEIR OWN AT THE ANNUAL MEETING. A LIST OF NOMINEES IS SENT TO ALL MEMBERS IN GOOD STANDING BY THE SECRETARY. THESE MEMBERS CAST THEIR BALLOTS AND ELECT THE GOVERNING BODY IN THIS MANNER. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION SUBMITS FINANCIAL INFORMATION TO THE SELECTED ACCOUNTING FIRM. THE FIRM COMPILES THE INFORMATION FOR FINANCIAL STATEMENTS AND ALSO PREPARES A TAX-EXEMPT RETURN. A COPY OF THE RETURN IS GIVEN TO THE SECRETARY/TREASURER FOR REVIEW AND APPROVAL, BEFORE IT IS FINALIZED AND FILED WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 15A | WHEN DETERMINING THE COMPENSATION OF AN OFFICER OR TOP OFFICIAL, THE SECRETARY/TREASURER USES COMPARABILITY DATA TO COMPUTE SOME FIGURES. THE DATA IS PRESENTED TO THE EXECUTIVE COMMITTEE AT A MEETING. THE COMMITTEE EVALUATES PERFORMANCE AND PROPOSES WHAT THEY DEEM TO BE RESONABLE COMPENSATION. THEIR PROPOSAL IS TAKEN INTO CONSIDERATION BY THE OFFICIAL BEING COMPENSATED. THEY HAVE THE CHOICE TO ACCEPT OR DECLINE THE OFFER, BUT NOT TO DETERMINE THEIR COMPENSATION. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS MOST RECENT TAX RETURN AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. | |
| GOVERNING BODY MEMBER VOTING PRIVILEGES | FORM 990, PART VI, SECTION C, LINE 1A | THE PRESIDENT OF THE GOVERNING BODY IS NOT GIVEN THE SAME VOTING PRIVILEGES AS THE OTHER VOTING BOARD MEMBERS. THE PRESIDENT IS ONLY PERMITED TO VOTE IN CASE OF A TIE. |
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