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 | THE CHAMBER IS COMPRISED OF MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | DIRECTORS ARE ELECTED ANNUALLY BY THE GENERAL MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD OF DIRECTORS MAKES ALL DECISIONS AND/OR PROVIDES OVERSIGHT ON ALL NORMAL CHAMBER OPERATIONAL MATTERS. ANY MATTERS RELATING TO CHANGES IN THE BY-LAWS OR FISCAL OPERATING BUDGETS ARE ALWAYS INITIALLY APPROVED BY THE BOARD BUT ARE ALSO REQUIRED TO BE PRESENTED TO THE MEMBERS FOR THEIR RATIFICATION BY VOTE. |
| FORM 990, PART VI, SECTION A, LINE 8B | NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER TO REVIEW PRIOR TO ITS FILING WITH INSTRUCTIONS TO CONTACT THE CHAMBER PRESIDENT WITH ANY QUESTIONS OR CONCERNS. ONCE REVIEWED, THE RETURN IS APPROVED FOR FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE EXETER AREA CHAMBER OF COMMERCE HAS A CONFLICT OF INTEREST POLICY WHICH IS REQUIRED TO BE SIGNED BY EVERY MEMBER OF THE CHAMBER'S BOARD OF DIRECTORS ON AN ANNUAL BASIS. THIS IS DONE AT THE BEGINNING OF EVERY FISCAL YEAR OR WHENEVER A NEW MEMBER IS ADDED TO THE BOARD. THE COMPLETED AND SIGNED COPIES OF ALL CONFLICT OF INTEREST POLICIES ARE THEN KEPT ON FILE AT THE CHAMBER OFFICES. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD RESEARCHES THE SALARY STRUCTURE OF NUMEROUS OTHER CHAMBER AND NFP ORGANIZATIONS OF SIMILAR SIZE AND NATURE IN THE SEACOAST NH REGION TO FIND OUT WHAT SALARIES THEY PAY FOR THEIR PRESIDENT. IN ADDITION TO THIS INFORMATION, THE BOARD UTILIZED THE SCOPE OF THE DUTIES AND RESPONSIBILITIES OF THE POSITION AS WELL AS THE KNOWLEDGE OF THE SALARIES PAID TO FORMER CHAMBER PRESIDENTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST |
| PART XII, LINE 1 | EXETER AREA CHAMBER OF COMMERCE USES HYBRID ACCOUNTING METHODS. |
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