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 4 | A SIGNIFICANT CHANGE MADE TO THE BY-LAWS DURING 2015: RESTRICTED BOARD MEMBERSHIP TO THOSE THAT ARE RESIDENTS OF ST. CROIX COUNTY AND/OR ARE EMPLOYED OR RETIRED FROM CHAMBER MEMBER BUSINESSES AND ORGANIZATIONS. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS ARE BUSINESSES THAT SERVE THE HUDSON AREA. |
| FORM 990, PART VI, SECTION A, LINE 7A | A NOMINATING COMMITTEE CONSISTING OF THE CHAIR OF THE BOARD OF DIRECTORS, THE CHAIR-ELECT OF THE BOARD OF DIRECTORS AND THREE (3) MEMBERS OF THE CHAMBER PRESENTS A SLATE OF AN APPROPRIATE NUMBER OF CANDIDATES TO REPLACE THE DIRECTORS WHOSE REGULAR TERMS ARE EXPIRING IN A GIVEN YEAR. THE PRESIDENT THEN NOTIFIES ALL MEMBERS OF THE SELECTED CANDIDATES, AND MEMBERS CAN NOMINATE ADDITIONAL CANDIDATES BY PETITION IF THEY WISH TO DO SO. IN THE EVENT THAT A PETITION IS FILED, ALL ACTIVE MEMBERS ARE ELIGIBLE TO VOTE FOR THEIR CANDIDATE OF CHOICE. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE CHAMBER'S DIRECTOR OF FINANCE AND PRESIDENT PRIOR TO FILING WITH THE IRS. THE ORGANIZATION PROVIDES A COPY OF FORM 990 TO ALL EXECUTIVE BOARD MEMBERS BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, AT A REGULARLY SCHEDULED BOARD MEETING, BOARD MEMBERS VERBALLY AGREE TO THE TERMS OF THE CONFLICT OF INTEREST AGREEMENT AS NOTED IN THE BY-LAWS. BOARD MEMBERS ARE REQUIRED TO ABSTAIN FROM VOTES THAT INVOLVE A CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE PRESIDENT IS BASED ON MARKET TRENDS AND GOALS THE MID-AMERICA CHAMBER EXECUTIVE SURVEY IS ALSO USED FOR BOTH THE PRESIDENT AND OTHER CHAMBER POSITIONS AT TURNOVER. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. |
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