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 | IT'S FEASIBLE THAT OFFICERS AND DIRECTORS CONDUCT PERSONAL BUSINESS WITH EACH OTHER AS MOST ARE BUSINESS OWNERS/LEADERS IN THE COMMUNITY. ALL TRANSACTIONS ARE CONDUCTED AS ARM'S-LENGTH TRANSACTIONS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE GREATER NORTH FULTON CHAMBER OF COMMERCE IS A MEMBER-ORGANIZATION OFFERING VARIOUS MEMBERSHIP LEVELS BASED ON THE NUMBER OF EMPLOYEES IN THE FOR-PROFIT ORGANIZATION. MEMBERSHIPS ARE ALSO AVAILABLE FOR CHARITABLE EXEMPT ORGANIZATION. CHAIRMAN'S CIRCLE MEMBERSHIP IS A DISTINCT GROUP OF CEOS AND HIGH-LEVEL EXECUTIVES REPRESENTING MAJOR COMPANIES, BUSINESS SEGMENTS AND INVESTORS IN THE METRO ATLANTA AREA. OVERALL THE ORGANIZATION CURRENTLY HAS 1,165 MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S MEMBERSHIP VOTES ON CANDIDATES FOR NEW DIRECTORS, AS APPOINTED BY THE EXECUTIVE COMMITTEE. DURING 2019, THE BYLAWS WERE AMENDED GIVING THE MEMBERSHIP AUTHORITY TO NOMINATE NEW CANDIDATES. DIRECTORS AND OFFICERS WITH CANDIDATES NOMINATED BY THE NOMINATING COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 WAS PREPARED BY AN INDEPENDENT CPA AND REVIEWED BY THE ORGANIZATION'S EXECUTIVE MANAGEMENT. FORM 990 IS THEN APPROVED BY THE FINANCE COMMITTEE PRIOR TO PRESENTATION TO THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS FOR FINAL APPROVAL PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | BYLAWS WERE AMENDED IN 2019 REQUIRING THAT BOARD MEMBERS SHALL ANNUALLY SIGN AND FOLLOW THE CONFLICT OF INTEREST POLICY APPROVED BY THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION OF THE CEO IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE WHO ACTS AS THE HR COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 18 | UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XII, LINE 2C | FOR 2018 AUDIT AND TAX PURPOSES, A NEW INDEPENDENT ACCOUNTING FIRM WAS SELECTED TO PREPARE THE AUDITED FINANCIAL STATEMENTS AND TAX RETURN. THERE HAVE BEEN NO CHANGES IN THE FINANCIAL STATEMENT REVIEW PROCESS. |
| FORM 990 PART XII LINE 8 PRIOR PERIOD ADJUSTMENT | THE COMBINED FINANCIAL STATEMENTS WERE ADJUSTED FOR THE YEAR ENDED DECEMBER 31, 2017 TO REFLECT MEMBERSHIP DUES REVENUE AS REALIZED AND EARNED OVER THE MEMBERSHIP'S ANNUAL TERM. AS DEFINED BY FASB'S NOT-FOR-PROFIT PRESENTATION AND DISCLOSURE GUIDANCE, MEMBERSHIP DUES ARE RECOGNIZED OVER THE RELATED DUES TERMS WHEN THE MEMBERSHIP BENEFITS ARE RENDERED. THIS ADJUSTMENT HAD THE EFFECT OF DECREASING WITHOUT DONOR RESTRICTION NET ASSETS BY $135,373 AT DECEMBER 31, 2017. |
| Software ID: | |
| Software Version: |