Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BRENT BLOSS AND MIKE DALEY SERVE AS CFO AND ACCOUNTING OFFICER, RESPECTIVELY, FOR WADDELL & REED FINANCIAL, INC. CHUCK CAISLEY AND HEATHER HUMPHREY SERVE AS VP OF MARKETING & PUBLIC AFFAIRS AND GENERAL COUNSEL & SVP, RESPECTIVELY, FOR KCP&L THE HONORABLE SYLVESTER JAMES, JR. AND TROY SCHULTE SERVE AS MAYOR AND CITY MANAGER, RESPECTIVELY, FOR THE CITY OF KANSAS CITY, MISSOURI MARK LARRABEE AND SHALEA WALTER SERVE AS PRESIDENT & CEO AND MARKETING OFFICER, RESPECTIVELY, FOR ARVEST BANK |
| FORM 990, PART VI, SECTION B, LINE 11B | ANNUALLY, THE BOARD'S FINANCE & AUDIT COMMITTEE DIRECTS AN AUDIT BE CONDUCTED. THE AUDIT FIRM THEN PRESENTS THE AUDIT REPORT AND FINDINGS TO THE FINANCE & AUDIT COMMITTEE. THE COMMITTEE REVIEWS THE AUDIT REPORT AND RECOMMENDS FORWARDING THE AUDIT REPORT TO THE BOARD'S EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. THE BOARD CHAIRMAN SENDS COPIES OF THE ANNUAL AUDIT REPORT TO EACH EXECUTIVE COMMITTEE DIRECTOR AND ENCOURAGES EACH TO REVIEW THE AUDIT REPORT PRIOR TO ITS NEXT MONTHLY MEETING. THE BOARD TREASURER, WHO IS THE CHAIRMAN OF THE FINANCE & AUDIT COMMITTEE, MAKES THE PRESENTATION AT THE FOLLOWING MONTHLY EXECUTIVE COMMITTEE MEETING. THE EXECUTIVE COMMITTEE, AFTER REVIEW, APPROVES THE AUDIT REPORT AND RECOMMENDS THE DOCUMENTS BE FORWARDED TO THE BOARD FOR REVIEW AND FINAL APPROVAL. THE INDEPENDENT AUDIT FIRM, UPON COMPLETION OF THE AUDIT, PREPARES THE FORMS 990 AND 990-T. A REVIEW OF THESE FORMS IS CONDUCTED BY THE FINANCE & AUDIT COMMITTEE AS WELL AS THE OFFICERS. FORMS 990 AND 990-T ARE MADE AVAILABLE FOR REVIEW BY ANY BOARD MEMBER. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST STATEMENTS ARE COMPLETED AND SIGNED BY ALL BOARD MEMBERS AND KEY EMPLOYEES ANNUALLY AND IMMEDIATELY BY REPLACEMENT BOARD MEMBERS AND KEY EMPLOYEES UPON TAKING A NEW POSITION. THE CONFLICT OF INTEREST STATEMENT HAS A CODE OF ETHICS SECTION BY WHICH EACH BOARD MEMBER AND KEY EMPLOYEE MUST ADHERE TO AND SIGN TO CONFIRM ACCEPTANCE. WITHIN THE CONFLICT OF INTEREST POLICY ARE SECTIONS THAT ADDRESS FIDUCIARY RESPONSIBILITIES/DISCLOSURE, DEFINITION OF CONFLICT OF INTEREST AND RESTRAINT ON VOTING. THE CHAIRMAN ADVISES THE BOARD OF THE NEED TO DECLARE CONFLICTS OF INTEREST THROUGHOUT THE YEAR. DIRECTORS WITH A CONFLICT OF INTEREST ANNOUNCE, PRIOR TO A VOTE, THAT THEY WILL ABSTAIN FROM VOTING AND STATE THE REASON. THE BOARD AND EXECUTIVE COMMITTEE MINUTES DOCUMENT WHICH DIRECTORS ABSTAINED DUE TO A CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT/CEO'S SALARY AND COMPENSATION PACKAGE IS SET BY THE BOARD'S GOALS & COMPENSATION COMMITTEE IN ACCORDANCE WITH THE BOARD'S BYLAWS. THE COMMITTEE USES AN INDEPENDENT CONTRACTOR TO CONDUCT AN EXTENSIVE REVIEW OF CURRENT CHAMBERS OF COMMERCE PRESIDENTS/CEOS OF SIMILAR SIZE AND FOCUS IN THE UNITED STATES AS WELL AS NON-FOR-PROFIT ORGANIZATIONS OF SIMILAR SIZE, BUDGET, ETC. WITHIN THE REGION. FOLLOWING THE REVIEW, THE CONTRACTED MAKES A RECOMMENDATION AND THE GOALS AND COMPENSATION COMMITTEE ESTABLISHES THE SALARY AND COMPENSATION PACKAGE. A SIMILAR PROCESS - TO THAT USED FOR THE TOP MANAGEMENT OFFICIAL'S COMPENSATION - IS CONDUCTED BY THE CHAMBER FOR EACH VICE PRESIDENT'S SALARY AND COMPENSATION PACKAGE AND IS DETERMINED BY THE PRESIDENT/CEO BASED ON THE INFORMATION AND ANALYSIS. THE VICE PRESIDENTS RECEIVE BENEFITS AVAILABLE TO ALL STAFF MEMBERS. THE GOALS & COMPENSATION COMMITTEE ESTABLISHES CORPORATE GOALS AT THE BEGINNING OF THE FISCAL YEAR AND DETERMINES INCENTIVE PAYMENTS TO EXECUTIVE OFFICERS AND STAFF MEMBERS BASED ON PERFORMANCE. THE PRESIDENT/CEO REVIEWS EXECUTIVE OFFICER COMPENSATION WITH THE GOALS & COMPENSATION COMMITTEE AND THE COMMITTEE DETERMINES IF A PAY INCREASE WILL BE SET FOR THE FOLLOWING YEAR. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORMS 990 AND 990-T ARE AVAILABLE UPON REQUEST AND FORM 990 CAN BE FOUND ON GUIDESTAR.ORG AFTER FILING WITH THE IRS IS COMPLETED. |
| FORM 990, PG 6, PART VI, SECTION B, LN 11B: | CHAMBER MANAGEMENT SERVICES, LLC IS GOVERNED BY A BOARD OF MANAGERS WHICH CONSISTS EXCLUSIVELY OF CCGKC BOARD MEMBERS, THEREFORE, THE REVIEW PROCESS OF THE 990 FOR THE SOLE MEMBER APPLIES TO THE DISREGARDED ENTITY. |
| FORM 990, PG 6, PART VI, SECTION B, LN 12C: | THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY DOES NOT APPLY TO THE DISREGARDED ENTITY |
| FORM 990, PG 6, PART VI, SECTION B, LN 13: | THE ORGANIZATION'S WRITTEN WHISTLEBLOWER POLICY DOES NOT APPLY TO THE DISREGARDED ENTITY |
| FORM 990, PG 6, PART VI, SECTION B, LN 14: | THE ORGANIZATION'S WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY DOES NOT APPLY TO THE DISREGARDED ENTITY |
| FORM 990, PG 6, PART VI, SECTION B, LN 15A & 15B: | THE ORGANIZATION'S DISREGARDED ENTITY DOES NOT HAVE EMPLOYEES SO THE REVIEW FOR DETERMINING COMPENSATION DOES NOT APPLY |
| FORM 990, PART XI, LINE 9: | ROUNDING -1. |
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