Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Client Note 1 | Client Note 1 - THE MCLEAN COUNTY CHAMBER OF COMMERCE'S PURPOSE IS TO PROMOTE CIVIC, COMMERCIAL, AND INDUSTRIAL WELFARE IN MCLEAN COUNTY. EXPENSES CLASSIFIED AS PROGRAM OF WORK RELATE TO THE DIRECT EXPENSES INCURRED FOR SPECIFIC PROGRAMS. A PORTION OF OTHER MANAGEMENT AND ADMINISTRATIVE EXPENSES ARE RELATED TO THE SPECIFIC PURPOSE OF THE ORGANIZATION; HOWEVER, THE MCLEAN COUNTY CHAMBER OF COMMERCE ELECTS TO ONLY REPORT THE DIRECT EXPENSES AS PROGRAM EXPENSES. |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | LOCAL BUSINESSES FROM MCLEAN COUNTY. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | THE GOVERNING BODY CONSISTS OF INDIVIDUALS ELECTED FROM THE MEMBERSHIP BY THE CHAMBER MEMBERS TO MEET MONTHLY AND GUIDE THE DIRECTION OF THE CHAMBER. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | THE BOARD OF DIRECTORS MUST VOTE ON AND APPROVE ALL DECISIONS WHICH AFFECT THE CHAMBER. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | THE FORM 990 IS APPROVED BY THE AUDIT COMMITTEE AND THEN PRESENTED TO THE ENTIRE BOARD FOR REVIEW. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | THE BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY AND EACH MEMBER SIGNS A CONFLICT OF INTEREST DISCLOSURE STATEMENT PRIOR TO THE JANUARY BOARD MEETING EACH YEAR. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | COMPENSATION OF PRESIDENT/CEO IS SET AND APPROVED BY THE BOARD OF DIRECTORS FOLLOWING AN ANNUAL REVIEW BY THE CHAIRMAN AND CHAIRMAN-ELECT OF THE BOARD. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | AVAILABLE UPON REQUEST |
| Software ID: | 14000265 |
| Software Version: | 2014v5.0 |