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 B, LINE 11B | LINE 11A EXPLANATION - THE CHAMBER PRESIDENT PLANS TO PRESENT THE FORM 990 AT THE NEXT BOARD MEETING WHERE ALL DIRECTORS WILL HAVE A CHANCE TO ASK QUESTIONS/COMMENTS ON ALL PARTS OF THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL NEW BOARD MEMBERS MUST REVIEW AND SIGN THE WRITTEN CONFLICT OF INTEREST POLICY, WHICH LASTS FOR THE DURATION OF THE INDIVIDUAL'S BOARD TERM. EACH YEAR THE EXECUTIVE DIRECTOR REVIEWS THE LIST OF DIRECTORS AND REQUIRES THE DIRECTORS TO RE-SIGN THAT NO NEW CONFLICTS HAVE ARISEN. |
| FORM 990, PART VI, SECTION B, LINE 15 | AN EXECUTIVE COMPENSATION AGREEMENT POLICY WAS ENTERED INTO ON JULY 1, 2017 BY THE COMPENSATION COMMITTEE AND THE CHAMBER PRESIDENT. THE TERM WAS FOR THREE YEARS ENDING JUNE 30, 2020. THIS POLICY DETAILS BASE SALARY TERMS AND BONUS PROVISIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CHAMBER PRESIDENT HOLDS A QUARTERLY MEETING WITH THE CHAMBER'S FINANCE COMMITTEE, THEN WITH THE EXECUTIVE COMMITTEE AND FINALLY WITH THE FULL BOARD. COPIES OF THE BALANCE SHEET AND FINANCIAL STATEMENTS ARE SUPPLIED AT EACH OF THESE MEETINGS AND THE TREASURER PRESENTS THE SIGNIFICANT DETAIL FOR EACH QUARTER, NOTING THE IMPORTANT CHANGES IN ASSETS, LIABILITIES, REVENUES AND EXPENSES. HER REMARKS ARE THEN ENTERED INTO THE MINUTES AND A WRITTEN SYNOPSIS OF HER REMARKS IS EMAILED TO THE ENTIRE BOARD. |
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