Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF DIRECTORS INCLUDING, WITHOUT LIMITATION, DESIGNATING THE COMMITTEES AND OTHER TASK FORCES OR WORKING GROUPS INTO WHICH THE SUBSTANTIVE ACTIVITIES OF THE CORPORATION SHALL BE ORGANIZED AND ALL OTHER MATTERS SPECIFICALLY DELEGATED TO IT BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL HAVE THE EXCLUSIVE POWER AND AUTHORITY TO HIRE, RETAIN AND DISCHARGE THE PRESIDENT/CHIEF EXECUTIVE OFFICER; PROVIDED THAT THE HIRING OR RETENTION OF A PRESIDENT/CHIEF EXECUTIVE OFFICER SHALL BE SUBJECT TO THE RATIFICATION OF SUCH ACTION BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE FOLLOWING MEMBERS: (A) THE CHAIR, CHAIR-ELECT, TREASURER, AND CHAIR OF THE FINANCE COMMITTEE, EACH OF WHOM SHALL SERVE EX-OFFICIO WITH VOTE. (B) THE LEGAL COUNSEL TO THE BOARD WHO SHALL SERVE EX-OFFICIO BUT WITH NO VOTE. (C) SUCH NUMBER OF ADDITIONAL COMMITTEE, COUNCIL, CAUCUS, TASK FORCE OR OTHER WORKING GROUP CHAIRS AS MAY BE APPOINTED BY THE INCOMING CHAIR FROM TIME TO TIME AND OTHER VOTING DIRECTORS, AS THE CASE MAY BE, SHALL BE RECOMMENDED TO THE NOMINATING COMMITTEE AND ELECTED BY THE BOARD OF DIRECTORS IN THE SAME MANNER AS DIRECTORS AND OFFICERS ARE ELECTED, AND SHALL BRING THE TOTAL NUMBER OF VOTING MEMBERS, INCLUDING THE MEMBERS DESCRIBED IN (A) AND (B), TO NO MORE THAN 25. (D) THE PRESIDENT/CHIEF EXECUTIVE OFFICER WHO SHALL SERVE EX-OFFICIO, BUT WITH NO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 2 | MARK HOUSE WAS A VOTING BOARD MEMBER IN 2014. JOE HOUSE IS A PAST CHAIR WHICH IS EX-OFFICIO WITH NO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 4 | CHANGES TO THE CHAMBER'S BYLAWS WERE MADE IN 2014. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIATION HAS TWO CLASSES OF MEMBERSHIP WITH RIGHTS UNDER THE ORGANIZATION'S DOCUMENTS TO PARTICIPATE IN GOVERNANCE. AN ACTIVE MEMBER MUST MEET THE ELIGIBILITY REQUIREMENTS IN ORDER TO HOLD OFFICE, VOTE, AND SERVE. THE ELIGIBILITY REQUIREMENTS IS ANY REPUTABLE PERSON, ASSOCIATION, CORPORATION, PARTNERSHIP, LIMITED LIABILITY COMPANY, TRUST, OR ESTATE WHO SUBSCRIBES TO THE OBJECTIVES OF THE CORPORATION, WHO SUBMITS THE USUAL APPLICATION AND INVESTS THE ANNUAL DUES. HONORARY MEMBERS ARE APPOINTED BY THE BOARD OF DIRECTORS. THE BOARD CAN APPOINT TO HONORARY MEMBERSHIP FOR A PARTICULAR PERIOD OR FOR LIFE INDIVIDUALS WHO HAVE DISTINGUISHED THEMSELVES IN CIVIC LEADERSHIP OR OTHER DISTINGUISHED SERVICE TO THE ORGANIZATION OR THE COMMUNITY. HONORARY MEMBERS DO NOT HAVE THE RIGHT TO HOLD OFFICE OR VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS WILL HAVE UP TO 6 VOTING MEMBERS APPOINTED FOR A ONE YEAR TERM BY THE CHAIR, INCLUDED IN THE NOMINATING COMMITTEE REPORT AND APPROVED BY THE BOARD OF DIRECTORS. IT WILL CONSIST OF NO FEWER THAN THIRTY-FIVE AND NO MORE THAN FORTY-FIVE ELECTED MEMBERS NOMINATED BY THE NOMINATING COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 7B | PER THE ORGANIZATIONS APPROVED BYLAWS, ARTICLE IV, SECTION 2 ADDRESSES THE METHOD OF ELECTION OF THE BOARD OF DIRECTORS. NOMINATIONS IN ADDITION TO THOSE MADE BY THE NOMINATING COMMITTEE MAY BE MADE, WITH A PETITION FOR NOMINATION MADE BY 50 MEMBERS IN GOOD STANDING, AND A BALLOT MAILED TO EACH MEMBER IN GOOD STANDING. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE GTCC'S INDEPENDENT AUDITOR PREPARES ALL APPLICABLE TAX RETURNS, WHICH ARE FIRST REVIEWED BY THE VICE PRESIDENT, FINANCE & ADMINISTRATION AND THE PRESIDENT/CEO. THE TAX RETURNS AND AN ACCOMPANYING COVER LETTER ARE THEN SENT TO THE BOARD OF DIRECTORS, IN AN ELECTRONIC FORMAT, AT LEAST ONE WEEK PRIOR TO FILING THE TAX RETURNS WITH THE IRS. BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO DIRECT ANY QUESTIONS OR COMMENTS TO THE VICE PRESIDENT, FINANCE & ADMINISTRATION. THE TAX RETURNS ARE SIGNED BY THE PRESIDENT/CEO AND FILED WITH THE IRS BY THE VICE PRESIDENT, FINANCE & ADMINISTRATION. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE POLICY STRICTLY OUTLINES THE PURPOSE OF THE STATEMENT AS WELL AS DISCUSSES THE POLICY ON GIFTS, LOANS, DUTY OF LOYALTY, COMPENSATION, AND OUTINES SPECIFIC INSTANCES WHERE A CONFLICT OF INTEREST MIGHT EXIST. EACH YEAR, ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES WILL COMPLETE THE DISCLOSURE FORM AND THEY WILL BE MAINTAINED IN THE CHAMBER RECORDS. |
| FORM 990, PART VI, SECTION B, LINE 15 | A COMMITTEE MADE UP OF THE CURRENT CHAIRMAN, CHAIR-ELECT, AND TREASURER IS RESPOSIBLE FOR REVIEWING THE PRESIDENT/CEO COMPENSATION AND BENEFIT PLANS. SALARY AND BENEFITS COMPS AND SURVEYS ARE USED, ALONG WITH THE INDIVIDUALS PERFORMANC, TO DETERMINE COMPENSATION OF OTHER KEY EMPLOYEES. THE FINAL DECISION FOR ALL STAFF SALARIES, WITH THE EXCEPTION OF THE PRESIDENT & CEO, LIES WITH THE PRESIDENT & CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | BAD DEBT EXPENSE -50,439. |
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