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, Sec A, Line 1a, Delegate broad authority to a committee | POWERS OF THE EXECUTIVE COMMITTEE - A MAJORITY OF THE EXECUTIVE COMMITTEE SHALL, BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, HAVE POWER TO EXERCISE ALL OF THE AUTHORITY POSSESSED BY THE BOARD OF DIRECTORS. IT SHALL BE THE DUTY OF THE CHAIR AT EACH MEETING OF THE BOARD OF DIRECTORS TO REPORT ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SUBSEQUENT TO THE NEXT MEETING OF THE DIRECTORS. ANY ACTION TAKEN BY THE EXECUTIVE COMMITTEE MAY BE RESCINDED OR SET ASIDE BY THE BOARD OF DIRECTORS, SUBJECT, HOWEVER, TO ANY RIGHTS THAT MAY HAVE BEEN ACQUIRED BY OTHERS PURSUANT TO, OR IN RELIANCE UPON THE ACTION OF THE EXECUTIVE COMMITTEE. THE BOARD OF DIRECTORS MAY, AT ANY TIME, LIMIT OR RESTRICT THE POWERS OF THE EXECUTIVE COMMITTEE. |
| Form 990, Part VI, Sec A, Line 6, Classes of members or stockholders | THE CHAMBER IS ORGANIZED AS AN ASSOCIATION WITH MEMBERS. |
| Form 990, Part VI, Sec B, Line 11b, Review of form 990 by governing body | A COPY OF THE ORGANIZATIONS FINAL FORM 990 (INCLUDING SUPPLEMENTAL SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH VOTING MEMBER OF THE CHAMBER'S GOVERNING BODY ELECTRONICALLY PRIOR TO JANUARY 9, 2015. A HARD COPY OF THE FORM 990 (INCLUDING SUPPLEMENTAL SCHEDULES) WAS THEN PRESENTED DURING THE FULL BOARD MEETING ON JANUARY 9, 2015, PRIOR TO ITS FILING WITH THE IRS. |
| Form 990, Part VI, Sec B, Line 12c, Conflict of interest policy | THE KENTUCKY CHAMBER ANNUALLY SURVEYS ITS BOARD OF DIRECTORS AND OTHER KEY PERSONS TO DETERMINE POTENTIAL CONFLICTS OF INTEREST. A QUESTIONNAIRE IS DISTRIBUTED ANNUALLY THAT INCLUDES A LIST OF KEY PERSONS AND A DETAILED DESCRIPTION OF WHAT MIGHT CONSTITUTE A CONFLICT OF INTEREST WITH THE ORGANIZATION. THE RESPONSE TO THE QUESTIONNAIRES ARE REVIEWED BY THE BOARD OF DIRECTORS. ON MATTERS WHERE THE CONFLICT APPLIES, THE BOARD MEMBER HOLDING THE CONFLICT WILL BE PREVENTED FROM DELIBERATING AND VOTING ON DECISIONS OF THE TRANSACTION OR ARRANGEMENT. |
| Form 990, Part VI, Sec B, Line 15a, Process to establish compensation of top management official | THE CEO'S PERFORMANCE AND COMPENSATION ARE REVIEWED AT LEAST ONCE EACH YEAR BY THE PERFORMANCE REVIEW AND COMPENSATION COMMITTEE (ESTABLISHED IN THE CHAMBER'S BYLAWS) USING COMPARABLE CHAMBER OF COMMERCE AND STATE ASSOCIATION EXECUTIVE COMPENSATION DATA. THE PERFORMANCE REVIEW AND COMPENSATION COMMITTEE REPORTS ITS REVIEW PROCESS TO THE EXECUTIVE COMMITTEE. THE REPORTS ARE INCLUDED IN THE EXECUTIVE COMMITTEE MINUTES WHICH ARE DISTRIBUTED TO THE FULL BOARD OF DIRECTORS AT THE REGULAR MEETING. THE CEO'S SALARY WAS LAST REVIEWED IN OCTOBER 2013. |
| Form 990, Part VI, Sec B, Line 15b, Process to establish compensation of other employees | THE ORGANIZATION'S OTHER OFFICERS OR KEY EMPLOYEES PERFORMANCE AND COMPENSATION ARE REVIEWED AT LEAST ONCE EACH YEAR BY THE CEO USING COMPARABLE CHAMBER OF COMMERCE AND STATE ASSOCIATION EXECUTIVE COMPENSATION DATA. THE CEO REPORTS TO THE COMPENSATION COMMITTEE ON HIS/HER PROCESS FOR REVIEW OF OTHER EXECUTIVE SALARIES. THE COMMITTEE REPORTS ITS REVIEW PROCESS TO THE EXECUTIVE COMMITTEE. THE REPORTS ARE INCLUDED IN THE EXECUTIVE COMMITTEE MINUTES WHICH ARE DISTRIBUTED TO THE FULL BOARD OF DIRECTORS AT THE REGULAR MEETING. EXECUTIVE SALARIES WERE LAST REVIEWED IN OCTOBER 2013. |
| Form 990, Part VI, Sec C, Line 19, Required documents available to the public | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO IRC SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
| Form 990 , Part XI, Line 9, Other changes in net assets or fund balances | OTHER CHANGE IN INTEREST RATE SWAP AGREEMENT - 54883; |
| Software ID: | 13000248 |
| Software Version: | 2013v3.1 |