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 ORGANIZATION HAS MEMBERS THAT PAY ANNUAL DUES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS ANNUALLY ELECT REGULAR DIRECTORS WHO SERVE ON THE CHAMBER BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE PRESIDENT AND CFO REVIEW THE FORM 990 AND SUPPORTING SCHEDULES BEFORE FILING WITH THE IRS. THE FORM 990 IS PRESENTED TO THE BUDGET AND FINANCE COMMITTEE. THE COMMITTEE REVIEWS BEFORE THE FORM IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE ASKED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. IF A CONFLICT OF INTEREST IS PRESENT, IT WILL BE HANDLED ON A CASE-BY-CASE BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION COMMITTEE, APPOINTED BY THE BOARD, APPROVES COMPENSATION FOR THE CEO. THE COMMITTEE USES COMPARABILITY DATA FROM SURVEYS AND COMPENSATION STUDIES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE FOR PUBLIC INSPECTION. |
| FORM 990, PART IV LINE 12 AND PART XI LINE 2B AND 2C: | THE CHAMBER'S GOVERNANCE STRUCTURE INCLUDES A FORMAL AUDIT COMMITTEE, MADE UP OF CHAMBER BOARD MEMBERS, THAT ASSUME RESPONSIBILITY FOR SELECTING THE INDEPENDENT AUDITOR, THE ASSESSMENT OF AUDITOR INDEPENDENCE, REVIEW AND APPROVAL OF THE AUDITED FINANCIAL STATEMENTS, AUDITORS' INTERNAL CONTROL LETTER, AND MANAGEMENT RESPONSE. THESE PROCESSES HAVE NOT CHANGED FROM THE PREVIOUS YEAR. |
| FORM 990, PART VI, SECTION B, LINES 16A AND 16B: | CINCINNATI USA REGIONAL CHAMBER'S INVESTMENTS IN CINCYTECH FUND I, LLC AND IN CINCYTECH FUND II, LLC ARE UNIQUE INVESTMENTS IN FOR-PROFIT ENTITIES RELATED TO THE STATE OF OHIO THIRD FRONTIER ENTREPRENEURIAL SIGNATURE PROGRAM GRANT. THE CHAMBER IS THE DESIGNATED ADMINISTRATOR OF THIS STATE PROGRAM FOR SOUTHWEST OHIO. THE PROGRAM INCLUDES VENTURE FUNDING FROM BOTH PUBLIC AND PRIVATE SOURCES INTO PRE-REVENUE TECHNOLOGY START-UP COMPANIES THROUGH THESE INVESTMENT FUNDS. AS AN INVESTMENT VEHICLE FOR THIS GRANT, THE CINCYTECH FUNDS FURTHER THE EXEMPT PURPOSE OF THE CHAMBER BY STIMULATING ENTREPRENEURIAL ACTIVITY IN SOUTHWEST OHIO. THE CHAMBER'S INVESTMENTS IN CINCYTECH FUND I, LLC AND CINCYTECH FUND II, LLC HAVE BEEN REVIEWED BY LEGAL COUNSEL TO ENSURE THAT THESE INVESTMENTS DO NOT JEOPARDIZE THE CHAMBER'S TAX EXEMPT STATUS. THE CHAMBER'S INVESTMENT POLICY STATEMENT SPECIFICALLY ADDRESSES THE ORGANIZATION'S INVESTMENT IN THE CINCYTECH FUNDS AS MISSION DRIVEN INVESTMENTS. |
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