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 | THERE IS ONE CLASS OF MEMBERS WHOSE VOTING RIGHTS AND INTERESTS ARE EQUAL, AS STATED IN THE BYLAWS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | EVERY MEMBER OF THE ORGANIZATION IS ENTITLED TO ONE VOTE. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE DRAFT FORM 990 WAS PROVIDED TO MEMBERS OF THE AUDIT COMMITTEE FOR THEIR REVIEW PRIOR TO THE FORM BEING FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EMPLOYEES ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST ON AN ANNUAL BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15 | AS DELEGATED REPRESENTATIVES OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMPENSATION COMMITTEE HAS THE POWER, DUTY AND RESPONSIBILITY TO DETERMINE THE ORGANIZATION'S OVERALL COMPENSATION PHILOSOPHY AND TO ESTABLISH THE GUIDELINES, RULES AND PROCEDURES NECESSARY FOR THE PROPER AND EFFICIENT ADMINISTRATION OF THE EXECUTIVE COMPENSATION PROGRAM. LISTED BELOW IS THE ANNUAL PROCESS: -EXECUTIVE GOAL SETTING -MONITORING THE PLAN WITH PRESIDENT -EXECUTIVE COMPENSATION COMMITTEE REVIEW -REVIEW PRESIDENT'S GOALS -DETERMINE BASE COMPENSATION AND VARIABLE PAY ALLOCATION AT THIS TIME THE ORGANIZATION HAS NO EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | FORM 990, FORM 990-T AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUESTING A COPY AT THE CHAMBER'S HEADQUARTERS. |
| PART XII, LINE 2C | THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. ANNUALLY, THE AUDIT COMMITTEE APPOINTS THE INDEPENDENT ACCOUNTANT, APPROVES THE INDEPENDENT ACCOUNTANT'S FEES AND REVIEWS THE AUDITED FINANCIAL STATEMENTS AND TAX RETURNS. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. |
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