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 2 | MOST MEMBERS OF THE CHAMBER'S BOARD ARE ALSO OFFICERS AND DIRECTORS OF OTHER BUSINESSES IN THE LOUISVILLE AREA, AND THEREFORE HAVE BUSINESS AND BOARD RELATIONSHIPS WITH ONE ANOTHER. TRANSACTIONS OCCUR IN THE ORDINARY COURSE OF BUSINESS, INCLUDING BANKING SERVICES, HEALTH AND OTHER INSURANCE, HUMAN RESOURCE CONSULTING, ADVERTISING, AND FOOD AND VENUE SERVICES BETWEEN THESE ORGANIZATIONS AND THE CHAMBER. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS WHICH CONSIST OF BUSINESSES AND INDIVIDUALS IN THE COMMUNITY. |
| FORM 990, PART VI, SECTION B, LINE 11 | MEMBERS OF THE FINANCE COMMITTEE REVIEW A DRAFT OF THE FORM 990 DURING A COMMITTEE MEETING. ALL BOARD MEMBERS ARE DIRECTED TO A RESTRICTED WEBSITE THAT THE ORGANIZATION HAS CREATED THAT CONTAINS A DRAFT OF THE FORM 990 FOR THEIR REVIEW. THE TAX RETURN PREPARER IS THEN NOTIFIED WITH ANY FOLLOW-UP QUESTIONS OR WITH APPROVAL OF THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | A LETTER IS SENT ANNUALLY TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES REQUESTING DISCLOSURE OF ANY INTERESTS THAT COULD BE A CONFLICT OF INTEREST. THE REPLIES ARE REVIEWED AND ANY POTENTIAL CONFLICTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE FOR APPROPRIATE ACTION. ALL EMPLOYEES SIGN AN ACKNOWLEDGEMENT OF RECEIVING THE CONFLICT OF INTEREST POLICY, WHICH IS INCLUDED IN THE EMPLOYEE HANDBOOK. SUPERVISORS ANNUALLY REVIEW THIS POLICY WITH THEIR EMPLOYEES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION HAS A WAGE AND SALARY PLAN IN PLACE FOR ALL EMPLOYEES THAT IS BENCHMARKED ANNUALLY WITH OTHER COMPANIES LOCALLY AND IN THE REGION. ADDITIONALLY, THE PRESIDENT/CEO SALARY IS BENCHMARKED WITH OTHER CHAMBERS IN THE COUNTRY THAT ARE IN OUR SAME REVENUE TIER. THE PRESIDENT/CEO AND VP OF HUMAN RESOURCES CONDUCTED A COMPENSATION REVIEW OF THE ORGANIZATIONS OFFICERS AND KEY EMPLOYEES AND APPROVED THEIR SALARIES IN 2013. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S WEBSITE CONTAINS A SECTION ON GOVERNANCE, DESCRIBES THE GOVERNING BODY, LISTS THE DIRECTORS AND OFFICERS. THE ORGANIZATION PROVIDES COPIES OF FINANCIAL STATEMENTS AND FORM 990 UPON REQUEST BY THE PUBLIC. |
| FORM 990, PART IX, LINE 11G | BANK AND CREDIT CARD CHARGES 17,916. OUTSIDE CONSULTING SERVICES 1,088,576. |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS FROM THE PRIOR YEAR. |
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