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 | MANY LOCAL BUSINESSES ARE DUES PAYING MEMBERS OF THE CHAMBER. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS LOCATED IN BAR HARBOR (OTHER THAN "BASIC" MEMBERS) HAVE VOTING POWER TO NOMINATE AND VOTE FOR MEMBERS OF THE GOVERNING BODY; NO ONE MEMBER CAN ELECT A MEMBER OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | MAJOR DECISIONS, SUCH AS THE PURCHASE OF THE BUILDING IN TRENTON AND THE MOVING OF THE OFFICE(S) TO TRENTON HAD TO BE VOTED BY THE MEMBERSHIP. ANY CHANGES TO THE BY-LAWS MUST BE VOTED ON BY THE MEMBERSHIP (BY A 2/3 VOTE OF A QUORUM OF THE MEMBERSHIP). |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO THE FINANCE COMMITTEE (A COMMITTEE OF THE BOARD OF DIRECTORS) AND TO THE MEMBERS OF THE BOARD OF DIRECTORS. THE FINANCE COMMITTEE REVIEWS THE RETURN AND MAKES A RECOMMENDATION TO THE FULL BOARD REGARDING APPROVAL OF THE RETURN AS PREPARED OR RECOMMENDATIONS FOR CORRECTIONS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD PERIODICALLY REVIEWS VOLUNTARY CONFLICT OF INTEREST DISCLOSURES (IF ANY) MADE BY EMPLOYEES AND BOARD MEMBERS AND (IF ANY) THEIR POTENTIAL IMPACT ON OPERATIONS. EMPLOYEES AND BOARD MEMBERS ARE REMINDED ANNUALLY OF THE CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD REVIEWED AND APPROVED THE HIRING AND COMPENSATION OF THE EXECUTIVE DIRECTOR. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC ON REQUEST. THE ORGANIZATION DOES HAVE A WRITTEN CONFLICT OF INTEREST POLICY. |
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