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 | USHCC MEMBERS INCLUDE DUES PAYING LOCAL CHAMBER OF COMMERCE, PROFESSIONAL TRADE ASSOCIATIONS AND BUSINESS NETWORKS. USHCC SHALL HAVE MEMBERSHIP CLASSIFICATIONS BASED ON THE FOLLOWING CATEGORIES: -INDIVIDUAL MEMBER: A PERSON WHO IS AN INDIVIDUAL, TRADE ASSOCIATION, CHAMBER OF COMMERCE, CHAMBER OF CHAMBERS, STATEWIDE MEMBERSHIP ORGANIZATION, CORPORATION, PARTNERSHIP, OR BUSINESS ENTITY HAVING A GOOD FAITH INTEREST IN THE OBJECTIVES OF USHCC. -HISPANIC BUSINESS ENTERPRISE: A BUSINESS ENTITY THAT IS 51% OR MORE HISPANIC-OWNED WHICH MEETS THE ELIGIBILITY REQUIREMENTS AND PAYS THE DUES AS ESTABLISHED BY THE USHCC BOARD OF DIRECTORS. -CORPORATE PARTNER MEMBER: A BUSINESS ENTITY WHICH MEETS THE ELIGIBILITY REQUIREMENTS AND PAYS THE DUES AS ESTABLISHED BY THE USHCC BOARD OF DIRECTORS. -HONORARY MEMBER: A PERSON OR BUSINESS ENTITY WHICH MEETS THE ELIGIBILITY REQUIREMENTS AND IS NOT REQUIRED TO PAY DUES. -HISPANIC TRADE ASSOCIATIONS, LOCAL HISPANIC CHAMBERS OF COMMERCE, CHAMBER OF CHAMBERS AND STATEWIDE MEMBERSHIP ORGANIZATIONS THAT MEET THE QUALIFICATIONS ESTABLISHED BY THE USHCC BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ANY USHCC BOARD MEMBER SHALL ALSO BE A MEMBER OF THE USHCC. THOSE BOARD MEMBERS WHO BECOME A PAID MEMBER OF USHCC MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY USHCC BOARD MEMBER SHALL ALSO BE A MEMBER OF THE USHCC. THOSE BOARD MEMBERS WHO BECOME A PAID MEMBER OF USHCC CAN APPROVE ANY DECISIONS MADE BY THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE DRAFT VERSION OF THE FEDERAL FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL OF THE EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT WHICH THEY ARE REQUIRED TO REVIEW AND TO REPORT ANY CONFLICTS OF INTEREST. ADDITIONALLY, THE FOLLOWING GUIDELINES REGARDING CONFLICTS OF INTEREST ARE OUTLINED IN THE BYLAWS: -BOARD MEMBERS SHALL NOT ACCEPT GIFTS, FAVORS, SERVICES, ENTERTAINMENT OR OTHER THINGS OF VALUE THAT MAY INAPPROPRIATELY OR ADVERSELY INFLUENCE THE DECISIONS OF THE USHCC. -OFFERING, GIVING, SOLICITING OR RECEIVING ANY FORM OF BRIBE OR OTHER IMPROPER PAYMENT IS PROHIBITED. -BOARD MEMBERS SHALL REFRAIN FROM VOTING ON ANY ISSUES THAT CONSTITUTE A CONFLICT OF INTEREST. IF THERE IS UNCERTAINTY ABOUT THE EXISTENCE OF A CONFLICT, BOARD MEMBERS SHOULD SEEK CLARIFICATION FROM THE USHCC BOARD LEGAL COUNSEL. -BOARD MEMBERS SHALL NOT EXTEND PREFERENTIAL TREATMENT IN RELATION TO ANY OFFICIAL MATTER TO FAMILY MEMBERS, FRIENDS OR TO ORGANIZATIONS IN WHICH THEY, FAMILY MEMBERS OR FRIENDS HAVE AN INTEREST. -BOARD MEMBERS SHALL AVOID ANY EMPLOYMENT, ACTIVITY, INVESTMENT OR OTHER INTEREST WHICH MIGHT INVOLVE OBLIGATIONS THAT MAY COMPETE WITH OR BE IN CONFLICT WITH THE INTERESTS OF THE USHCC. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE SALARY AND BONUS STRUCTURE OF THE PRESIDENT & CEO WAS DETERMINED BASED ON OBSERVING SALARY LEVELS OF OTHER SIMILAR ORGANIZATIONS, MARKET VALUES, STATES COST OF LIVING AND PERCENTAGES OF REVENUE DATA PROVIDED BY AN INDEPENDENT EXECUTIVE SEARCH FIRM. DISCUSSIONS WERE DOCUMENTED IN THE BOARD OF DIRECTOR'S MEETING MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | USHCC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC UPON REQUEST. THE FEDERAL FORMS 990 AND 1024 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CONTRIBUTION WRITE-OFF -5,000. |
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