Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Pt VI, Line 6 | MEMBERSHIP IS CLASSIFIED AS "REGULAR" AND "INDIVIDUAL." THE INDIVIDUAL MEMBERSHIP SHALL BE AVAILABLE TO CLERGY, RETIRED PERSONS, COMMUNITY ORGANIZATIONS WITHOUT PAID STAFF, ELECTED OFFICIALS, AND ANY CITIZEN OF THE NEWTON AREA. INDIVIDUAL MEMBERS SHALL BE VOTING AND ELIGIBLE TO SERVE ON THE BOARD. THE INDIVIDUAL MEMBERSHIP CLASSIFICATION WILL NOT BE AVAILABLE TO ANY PERSON WHO IS CURRENTLY EMPLOYED BY ANY BUSINESS OTHERWISE ELIGIBLE FOR REGULAR MEMBERSHIP. REGULAR MEMBERSHIP IS AVAILABLE TO ANY FIRM, ASSOCIATION, CORPORATION, PARTNERSHIP, OR ESTATE IN THE NEWTON AREA. A REGULAR MEMBER CAN HAVE UP TO TEN VOTES DETERMINED BY THE CURENT ANNUAL INVESTMENT PAID, DIVIDED BY $100. |
| Pt VI, Line 7a | A NOMINATING COMMITTEE APPOINTED BY THE PRESIDENT PRESENTS A SLATE OF CANDIDATES TO REPLACE DIRECTORS WHOSE REGULAR THREE-YEAR TERMS ARE EXPIRING. PROCEDURES ARE IN PLACE IN THE BY-LAWS TO NOMINATE ADDITIONAL CANDIDATES BY PETITION OF MEMBERS. IF NO PETITION IS FILED WITHIN THE DESIGNATED PERIOD, THE NOMINATIONS ARE CLOSED AND THE NOMINATED SLATE OF CANDIDATES IS DECLARED ELECTED BY THE BOARD AT THEIR REGULAR JULY MEETING AND WILL ASSUME OFFICE OF DIRECTOR AT THE AUGUST MEETING. THE BY-LAWS MAY BE AMENDED BY TWO-THIRDS VOTE OF THE BOARD OF DIRECTORS, OR BY A MAJORITY OF THE MEMBERS IN ATTENDANCE AT ANY REGULAR OR SPECIAL MEETING, PROVIDED NOTICE OF THE MEETING INCLUDES PROPOSALS FOR THE AMENDMENTS. |
| Pt VI, Line 7b | SEE ANSWER TO PART VI-A, LINE 7A |
| Pt VI, Line 11b | THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA, AND REVIEWED BY THE EXECUTIVE DIRECTOR AND THE FINANCE COMMITTEE BEFORE FILING WITH THE IRS. |
| Pt VI, Line 15a | THE BOARD OF DIRECTORS IS RESPONSIBLE FOR APPROVING THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER CHAMBER STAFF. |
| Pt VI, Line 15b | THE BOARD OF DIRECTORS IS RESPONSIBLE FOR APPROVING THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER CHAMBER STAFF. |
| Pt VI, Line 19 | THE CHAMBER'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW IN THE CHAMBER'S OFFICES BY APPOINTMENT WITH THE EXECUTIVE DIRECTOR. |
| Software ID: | 17005306 |
| Software Version: |