Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Governing body decisions Part VI line 7b | The governing body has chosen the apply for a change in fiscal year to a calendar year. Approval has been received for the change in response to Form 1128 filed. Therefore, the current 990 is for a short year, October 1, 2014 through December 31, 2014. |
| Form 990 governing body review Part VI line 11 | The Chamber President reviews and signs the 990 before it is filed. |
| Conflict of interest policy compliance Part VI line 12c | The chamber makes sure that all who are involved sign new conflict of interest statement at the beginning of each fiscal year. Anyone joining the board during the fiscal year must complete the statement before beginning their tenure. |
| CEO executive director top management comp Part VI line 15a | The Executive Directors performance is critiqued by each member of the board. Comments, praise, and concerns are combined and then presented in an interview with the Executive Director on an annual basis. Compensation is based on performance with consideration of the financial stability of the Chamber. |
| Governing documents etc available to public Part VI line 19 | All groverning documents, conflict of interest policy, and financial statements are available upon request. All books and records are maintained at the Chamber of Commerce offices. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | Accumulated Depreciation for prior years had not been recorded and required correction, which effected the Fund Balance. |
| General explanation attachment | Request for abatement of late filing penalty under Section 6652(c)(1):Although the return was extended on a timely basis, the tax preparer physically suffered structural back ailment over a three month period that significantly impacted his ability to perform the services necessary to file the return by the extended date. Ordinary business care has been excercised and the late filing has not been due to neglect or carelessness.It is not expected that these circumstances will exist in the future.Based on this explanation and on timely filing of all other returns and filings, it is respectfully requested that the late filing penalty be abated. This statement has been made under penalties of perjury by the tax preparer himself.Forrest Koch |
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