Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 6: | THE NUMBER OF VOLUNTEERS IS BASED ON BOARD AND MEMBER PARTICIPATION. |
| FORM 990, PART III, LINE 3 | TRADE DEVELOPMENT ALLIANCE (TDA) CEASED OPERATIONS 8/1/2018. |
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE MEETS MONTHLY AND IS AUTHORIZED TO ACT ON BEHALF OF THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 2 | STEVE CROWN AND DELEE SHOEMAKER HAVE A BUSINESS RELATIONSHIP. FRANK FOTI AND JILL MACKIE HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 4 | MOST OF THE CHANGES HARMONIZE THE BYLAWS WITH CURRENT PRACTICES OF THE CHAMBER. SIGNIFICANT CHANGES INCLUDE THE FOLLOWING: TRADE-OUT MEMBERSHIPS WERE OFFICIALLY ADDED AS A NEW CLASS OF MEMBERSHIP. DUES ARE NOW SET BY THE EXECUTIVE COMMITTEE WHEREAS IT WAS PREVIOUSLY SET BY THE BOARD OF DIRECTORS. THE CHAIRS FOR THE PAST 4 YEARS RECEIVE AN AUTOMATIC SEAT ON THE BOARD OF DIRECTORS WHEREAS IT WAS PREVIOUSLY ALL PAST CHAIRS. THE NOMINATING AND GOVERNANCE COMMITTEE NOW HAS THE SOLE AUTHORITY TO SUBMIT NOMINATIONS TO THE BOARD. BOARD MEETINGS ARE NOW REQUIRED TO BE HELD NOT LESS THAN 6 TIMES PER YEAR. ONE-THIRD OF THE EXECUTIVE COMMITTEE MUST BE PRESENT TO CONSTITUTE A QUORUM, A REDUCTION FROM THE MAJORITY PREVIOUSLY REQUIRED. AUTHORITY TO: PROVIDE FOR AFFILIATION WITH ORGANIZATIONS OUTSIDE OF THE CHAMBER, FORM AND OPERATE SEPARATE FUNDS WITHIN THE CHAMBER, GRANT SIGNING POWER ON OFFICERS OR AGENTS OF THE CHAMBER AND TO ENTER INTO LOAN AGREEMENTS AND TO SELECT BANKS, TRUST COMPANIES AND OTHER DEPOSITORIES HAS BEEN SHIFTED FROM THE BOARD TO THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CHAMBER IS A MEMBERSHIP ORGANIZATION OF OVER 2,200 BUSINESS MEMBERS WHICH SUPPORT IMPROVING THE BUSINESS CLIMATE OF THE REGION. THE CHAMBER HAS THREE CLASSES OF MEMBERS: ACTIVE, HONORARY, AND RECIPROCAL/TRADE - OUT. ACTIVE MEMBERS ARE ANY INDIVIDUAL, PARTNERSHIP, CORPORATION, LIMITED LIABILITY COMPANY, ASSOCIATION, TRUST OR OTHER ENTITY RESIDING OR ACTIVELY ENGAGED IN A LAWFUL BUSINESS OR PROFESSION IN THE SEATTLE AREA AND INTERESTED IN FURTHERING THE OBJECTIVES OF THE CHAMBER. THE BOARD OF TRUSTEES MAY CONFER HONORARY MEMBERSHIP UPON ANY INDIVIDUAL OR ENTITY WHO HAS ACHIEVED UNUSUAL OR EXTRAORDINARY DISTINCTION IN PUBLIC AFFAIRS OR IN THE ACTIVITIES OF THE CHAMBER. THE PRESIDENT MAY ENTER INTO RECIPROCAL OR TRADE-OUT MEMBERSHIP AGREEMENTS WITH ANY OTHER TAX EXEMPT ORGANIZATIONS OF EMPLOYERS, BUSINESS AND PROFESSIONALS TO CONFER MEMBER BENEFITS FOR DUES-PAYING MEMBERS OF THE RECIPROCAL ASSOCIATION AND THE CHAMBER. |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN DECISIONS SUCH AS CHANGES TO THE BYLAWS ARE SUBJECT TO MEMBER APPROVAL AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE CHAMBER'S INDEPENDENT CPA FIRM AND REVIEWED BY THE CHAMBER'S CONTRACT ACCOUNTANT, CEO AND CHIEF OF STAFF. A COPY IS REVIEWED BY THE TREASURER PRIOR TO PROVIDING TO THE ORGANIZATION'S GOVERNING BODY BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICTS ARE REVIEWED BY THE VP OF HR AND ADMINISTRATION, SENIOR MANAGEMENT TEAM, AND FINANCE COMMITTEE AS THEY ARISE. LIST OF CONFLICTS IS MAINTAINED BY CHAMBER SENIOR MANAGEMENT TEAM AND REVIEWED PERIODICALLY BY ACCOUNTING AND MANAGEMENT STAFF. MEMBERS ARE ASKED TO ABSTAIN OR DISMISS THEMSELVES IF A VOTE IS PERTINENT TO A CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE CEO'S SALARY AND BONUSES ARE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD WHO MET IN EXECUTIVE SESSION WITH THE VP OF HR AND ADMINISTRATION AND HIRING COMMITTEE (WHEN APPLICABLE) OR INDIVIDUALS WHO CONDUCTED ANNUAL REVIEW. COMMITTEE IS PRESENTED WITH COMPARATIVE COMPENSATION DATA. OTHER OFFICER SALARIES ARE DETERMINED BY THE CEO OF THE CHAMBER BASED ON INDIVIDUAL MERIT AND ORGANIZATIONAL OPERATING RESULTS IN CONSULTATION WITH VP OF HR AND ADMINISTRATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW BY THE BOARD OF TRUSTEES UPON REQUEST, BUT ARE NOT GENERALLY MADE AVAILABLE TO THE PUBLIC BY THE ORGANIZATION, OTHER THAN WHAT IS AVAILABLE FROM GOVERNMENT AGENCIES. |
| FORM 990, PART IX, LINE 11G | CONSULTING 955,121. PROGRAM MANAGEMENT CONSULTING 699,573. EDUCATION INITIATIVE 267,597. MOBILITY INNOVATION CENTER PROJECT 200,015. ECONOMIC DEVELOPMENT CONSULTING 300,000. CEO RECRUITMENT & TRANSITION 148,462. MARKETING CONSULTANT 15,520. EVENT CONSULTANT 12,743. OTHER 721. |
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