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 ORGANIZATION'S MEMBERS CONSIST OF NEW JERSEY BASED ORGANIZATIONS. MEMBER ORGANIZATIONS ARE REQUIRED TO PAY ANNUAL MEMBERSHIP DUES. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER IS ENTITLED TO ONE VOTE AT ANNUAL AND SPECIAL MEETINGS OF MEMBERS OF THE CHAMBER EITHER IN PERSON OR BY PROXY. AT EACH ANNUAL MEETING ONE-THIRD OF THE BOARD IS ELECTED TO SERVE FOR THREE YEARS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO FILING. THE FORM 990 IS ALSO MADE AVAILABLE TO THE GENERAL POPULUS OF THE BOARD, PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONTRACTS FOR SERVICES REQUIRE AN RFP, WHICH SURFACES ANY CONFLICTS. NOTIFICATION ANNUALLY OF OUR CONFLICT OF INTEREST POLICY IS ADEQUATE FROM THE STANDPOINT OF BOARD PARTICIPATION IN CONTRACTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND KEY EMPLOYEES INCLUDES: REVIEW BY THE PRESIDENT (INCLUDING A SELF-EVALUATION), A COMPENSATION COMMITTEE MEETING WITH THE PRESIDENT, THE PRESIDENT TAKING THE RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE FOR DISCUSSION AND DECISION. COMPENSATION RESOURCES (AN INDEPENDENT COMPENSATION CONSULTANT) IS ENGAGED EVERY FIVE YEARS TO PROVIDE A COMPARATIVE COMPENSATION RANGE FOR ALL HIGHLY COMPENSATED EMPLOYEES. A WRITTEN SUMMARY OF COMPENSATION DECISIONS IS SIGNED BY THE CHAIRMAN OF THE BOARD AND FORWARDED TO THE FINANCIAL MANAGER BEFORE ANY PAYROLL ADJUSTMENTS ARE MADE OR BONUS CHECKS ISSUED. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SELECTS THE INDEPENDENT AUDITOR AND MEETS WITH THE INDEPENDENT AUDITOR TO REVIEW THE RESULTS OF THE AUDIT ON AN ANNUAL BASIS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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