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 4 | THE ORGANIZATION AMENDED THEIR BYLAWS IN FISCAL YEAR 2014 AS FOLLOWS: THE NUMBER OF DIRECTORS CHANGED TO BE NOT LESS THAN THIRTEEN AND NOT MORE THAN TWENTY-THREE INDIVIDUALS. AN INDIVIDUAL ELECTED TO THE BOARD OF DIRECTORS SHALL SERVE FOR AN INITIAL TERM OF THREE YEARS. THE CORPORATION SHALL NOT HAVE TERM LIMITS, BUT THE BOARD DEVELOPMENT AND GOVERNANCE COMMITTEE SHALL MAKE RECOMMENDATIONS REGARDING ANNUAL RENEWAL OF DIRECTORSHIPS IN ORDER TO ENSURE AN ACTIVE AND EFFECTIVE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CHAMBER IS ORGANIZED AS A NON-STOCK, NON-PROFIT CORPORATION WITH MEMEBRS. THE MEMBERS OF THE CORPORATION SHALL BE FOR-PROFIT AND NOT-FOR-PROFIT ORGANIZATIONS INTERESTED IN SUPPORTING THE PURPOSE OF THE CORPORATION. MEMBERS SHALL HAVE NO RIGHT TO VOTE ON ANY MATTER WITH RESPECT TO THE CORPORATION UNLESS SUCH MATTER IS EXPRESSLY SUBMITTED TO A VOTE OF THE MEMBERS OF THE CORPORATION BY RESOLUTION OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE PRESIDENT AND EXECUTIVE VICE PRESIDENT OF FOX CITIES CHAMBER OF COMMERCE AND INDUSTRY, INC. REVIEW THE FORM 990 BEFORE THE PRESIDENT SIGNS AND FILES THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15A | A COMMITTEE COMPRISED OF THE CURRENT CHAIR, PAST CHAIR, AND CHAIR ELECT EVALUATES THE PRESIDENT. THE COMMITTEE EXAMINES COMPENSATION DATA FROM SIMILAR ORGANIZATIONS AND OBTAINS INPUT FROM THE BOARD AND OTHERS. THE COMMITTEE THEN SUBMITS A RECOMMENDATION TO THE EXECUTIVE COMMITTEE FOR APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CHAMBER MAKES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| Software ID: | |
| Software Version: |