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 6 | THE CHAMBER OF COMMERCE IS ENTIRELY COMPRISED OF MEMBERS; MEMBER BUSINESSES WHO JOIN THE CHAMBER AND PAY ANNUAL DUES. THE CHAMBER DOES NOT HAVE ANY STOCKHOLDERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL OF OUR MEMBERS HAVE A VOICE IN WHO IS ELECTED TO OUR BOARD OF DIRECTORS. EVERY BOARD MEMBER IS AN EMPLOYEE OF A BUSINESS WHO IS A CHAMBER MEMBER, AND WE ELECT 7 NEW MEMBERS EACH YEAR FOR A 3-YEAR TERM. |
| FORM 990, PART VI, SECTION B, LINE 11B | LINE 11B EXPLANATION - THE 990 IS REVIEWED BY THE PRESIDENT/CEO, TREASURER, AND BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS ARE ASKED TO READ AND SIGN THE ATTACHED CONFLICT OF INTEREST POLICY AND WE RETAIN ON FILE. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE PRESIDENT/CEO IS REVIEWED EACH YEAR BY A REVIEW COMMITTEE CONSISTING OF THE CHAMBER'S EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE INCLUDES THE CURRENT CHAIRMAN OF THE BOARD, THE CURRENT VICE CHAIRMAN OF THE BOARD, THE TREASURER, THE IMMEDIATE PAST CHAIRMAN, TWO VICE PRESIDENTS AND TWO BOARD MEMBERS FROM THE CURRENT BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SHALL EMPLOY A PRESIDENT WHO SHALL ALSO SERVE AS THE CHIEF EXECUTIVE OFFICER ("CEO"). THE BOARD SHALL FIX THE PRESIDENT'S SALARY, BONUS (IF ANY) AND OTHER TERMS OF EMPLOYMENT. A PRESIDENT'S REVIEW COMMITTEE WILL BE FORMED ANNUALLY IN THE MONTH OF JUNE CONSISTING OF THE EXECUTIVE COMMITTEE. THE PRESIDENT'S REVIEW COMMITTEE SHALL PERFORM AN EVALUATION OF THE PRESIDENT'S PERFORMANCE OF JOB DUTIES AND RESPONSIBILITIES, AND WHETHER GOALS OR BENCHMARKS FROM PRIOR YEARS EVALUATIONS HAVE BEEN MET. THE COMMITTEE SHALL REPORT ITS FINDINGS AND RECOMMENDATIONS TO THE BOARD OF DIRECTORS BEFORE THE FIRST BOARD MEETING FOLLOWING THE COMPLETION OF THE REVIEW BUT NO LATER THAN THE END OF THE FISCAL YEAR. THE BOARD OF DIRECTORS MAY ACCEPT OR REJECT THE RECOMMENDATIONS OF THE PRESIDENT'S REVIEW COMMITTEE BUT THE BOARD SHALL NOT PERFORM ITS OWN EVALUATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
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