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 3 | THE ORGANIZATION HIRED AN INDEPENDENT CONTRACTOR TO PERFORM AS INTERMEDIATE CFO. THE CFO WAS PAID BY THE TEMPORARY STAFFING AGENCY UNTIL SUCH TIME AS THE ORGANIZATION COULD FILL THE POSITION PERMANENTLY. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS MADE UP OF MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S MEMBERS ELECT THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE GOVERNING BODY'S DECISIONS ARE SUBJECT TO BOARD APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 REVIEW PROCESS: FORM 990 WAS PREPARED BY A PUBLIC ACCOUNTING FIRM WITH INPUT FROM THE CHAMBER'S ACCOUNTING STAFF. A DRAFT COPY WAS REVIEWED BY THE COMPTROLLER AND CFO. RECOMMENDED CHANGES WERE SENT TO THE TAX PREPARER. THE FINAL RETURN WAS REVIEWED BY THE CFO AND PRESIDENT. A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING. THE FINAL FILED FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND IS ALSO AVAILABLE ON THE CHAMBER'S WEBSITE. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD OF DIRECTORS MEMBERS AND EMPLOYEES EXECUTE ANNUAL CONFLICTS OF INTEREST STATEMENTS. THE AUDIT COMMITTEE CHAIRMAN REVIEWS ANNUALLY AND REPORTS SUCH ACTION TO THE AUDIT COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE CEO'S COMPENSATION IS REVIEWED AND DETERMINED BY THE COMPENSATION COMMITTEE IN CONJUNCTION WITH THE WRITTEN EMPLOYMENT CONTRACT. THE CEO'S CONTRACT IS APPROVED BY THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS. COMPENSATION SURVEYS AND OTHER INDEPENDENT DATA ARE USED TO SET COMPETITIVE COMPENSATION. THE FINANCE COMMITTEE RECOMMENDS AN OVERALL PERCENTAGE FOR EMPLOYEE INCREASES EACH YEAR TO THE BOARD OF DIRECTORS. THE PRESIDENT/CEO AND CHAIRMAN OF THE BOARD REVIEW AND APPROVE SALARIES OF STAFF, IN ACCORDANCE WITH THE OVERALL PERCENTAGE INCREASE. |
| FORM 990, PART VI, SECTION C, LINE 19 | IF THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE SUBJECT TO APPLICABLE FEDERAL OR STATE PUBLIC DISCLOSURE REQUIREMENTS, THOSE DOCUMENTS WILL BE MADE AVAILABLE AS APPLICABLE LAW MAY REQUIRE. OTHERWISE, THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WILL BE PROVIDED TO THE PUBLIC AT THE DISCRETION OF THE ORGANIZATION'S MANAGEMENT. |
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