Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE CHAMBER'S MISSION IS TO SERVE THE INTERESTS OF MEMBER BUSINESSES WHILE ADVOCATING BUSINESS ADVANCEMENT, ECONOMIC GROWTH AND JOB CREATION FOR THE BENEFIT OF THE SOUTHCOAST REGION OF MASSACHUSETTS. ADDITIONALLY, THE CHAMBER ASSISTS ITS RELATED ORGANIZATION, THE NEW BEDFORD CHAMBER FOUNDATION, INC., WITH THE FOUNDATION'S CHARITABLE AND EDUCATIONAL ACTIVITIES. |
| FORM 990, PAGE 6, PART VI, LINE 6 | ONE CLASS OF MEMBERS WITH SAME VOTING RIGHTS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | MEMBERS VOTE ANNUALLY ON THE ELECTION OF THE GOVERNING BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A DRAFT COPY OF THE FORM 990 IS FORWARDED TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS ALL THE SCHEDULES, FINANCIAL INFORMATION AND RESPONSES TO GOVERNANCE QUESTIONS. AFTER THE BOARD REVIEWS THE RETURN, IT IS FINALIZED FOR FILING WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ALL BOARD MEMBERS ARE REQUIRED ANNUALLY TO DISCLOSE ANY RELATED INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. FOR EACH INTEREST DISCLOSED TO THE EXECUTIVE COMMITTEE, THEY WILL MAKE A DETERMINATION OF ANY WARRANTED ACTION BASED ON THE FACTS AND CIRCUMSTANCES. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE EXECUTIVE COMMITTEE, COMPRISED OF THE CHAIR OF THE BOARD, CHAIR-ELECT, AND IMMEDIATE PAST-CHAIR, ANNUALLY REVIEWS THE EXECUTIVE'S PERFORMANCE AND BASE SALARY AND CONSIDER WHETHER AN INCREASE IS APPROPRIATE. THE CHAMBER USES INDUSTRY SALARY STUDIES FROM THE ASSOCIATION OF CHAMBER OF COMMERCE EXECUTIVES (ACCE). THE TOTAL COMPENSATION AND BENEFITS ARE APPROVED BY THE EXECUTIVE COMMITTEE AND THEN THE FULL BOARD AS PART OF THE ANNUAL OPERATING BUDGET APPROVAL PROCESS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | ANNUAL WRITTEN REVIEWS ARE COMPLETED BY THE PRESIDENT/CEO FOR EACH FULL TIME STAFF MEMBER, WHICH DOCUMENTS ANNUAL PERFORMANCE INCREASES. THE INCREASES ARE WITHIN THE CONFINES OF THE BUDGET THAT WAS APPROVED BY THE BOARD. THE WRITTEN REVIEW IS THEN FILED IN THE EMPLOYEE'S PERSONNEL FOLDER. AN ANNUAL REVIEW IS COMPLETED BY THE CEO PERFORMANCE REVIEW COMMITTEE OF THE BOARD OF DIRECTORS. INPUT IS SOUGHT FROM THE EXECUTIVE COMMITTEE AND THE FULL BOARD OF DIRECTORS. THE FINAL ANNUAL REVIEW IS SHARED WITH THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 19 | UPON RECEIPT OF WRITTEN REQUEST, THE CHAMBER MAKES AVAILABLE FOR REVIEW AT THEIR OFFICE COPIES OF TAX COMPLIANCE FORMS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY DOCUMENTS AND/OR FINANCIAL STATEMENTS. |
| FORM 990, PART XI, LINE 9 | BOOK / TAX DEPRECIATION DIFFERENCE 12,408 ADJ TO ACTUAL -111,559 TOTAL -99,151 |
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