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 | ORGANIZATION MADE UP OF MEMBERS WHO PAY DUES. |
| FORM 990, PART VI, SECTION A, LINE 7A | POTENTIAL BOARD MEMBERS ARE NOMINATED BY THE BOARD AND ARE APPROVED BY MEMBERSHIP AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | CHANGES TO THE BY LAWS AND APPROVAL OF NEW BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11 | 990 IS REVIEWED BY THE TREASURER AND PRESIDENT AND THEN FORWARD TO REMAINING BOARD FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE METRO NORTH CHAMBER BOARD REVIEWED AND APPROVED THE SALARY |
| FORM 990, PART VI, SECTION C, LINE 19 | ORGANIZATION'S BYLAWS ARE AVAILABLE ON THEIR WEBSITE. FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 1: | THE ORGANIZATION CHANGED ITS ACCOUNTING METHOD FROM ACCRUAL TO CASH BASIS. THE ORGANIZATION WANTS TO RECOGNIZE INCOME FROM MEMBERSHIP FEES AS IT IS RECEIVED. BECAUSE MEMBERSHIP FEES ARE NONREFUNDABLE PER ORGANIZATION POLICY, THEY SHOULD BE RECOGNIZED ENTRIELY WHEN RECEIVED AND SHOULD NOT BE ACCRUED. |
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