Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CHAMBER OF COMMERCE DOES HAVE MEMBERS WHO PAY ANNUAL DUES. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WAS REVIEWED BY ITS PRESIDENT/CEO AND TREASURER BEFORE FILING WITH THE IRS. THE FULL BOARD OF DIRECTORS WILL REVIEW AT ITS NEXT MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD ANNUALLY REVIEWS THE SALARY OF THE PRESIDENT/CEO AND MAKES SALARY ADJUSTMENTS ACCORDINGLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND ALL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY ITS MEMBERS. |
| FORM 990, PART XII, LINE 1 | IN PRIOR YEARS, THE CHAMBER FOLLOWED THE MODIFIED CASH BASIS OF ACCOUNTING WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. EFFECTIVE APRIL 1, 2013, THE CHAMBER ELECTED TO CHANGE TO GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE CHAMBER BELIEVES FOLLOWING THE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDES A MORE MEANINGFUL PRESENTATION OF ITS FINANCIAL POSITION SINCE THE METHOD MORE ACCURATELY REFLECTS REVENUES AND EXPENSES IN THE FINANCIAL STATEMENTS. UNRESTRICTED NET ASSETS AT THE BEGINNING OF THE PERIOD HAVE BEEN RESTATED AT $122,621, A DECREASE OF $41,553 DUE TO THE EFFECT OF RETROACTIVE APPLICATION OF THE NEW ACCOUNTING METHOD. |
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