Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| PART III, LINE 1 | ORGANIZATION'S MISSION B2G: DIVING ACTIONABLE DIALOGUE BETWEEN BUSINESS AND GOVERNMENT. B2B: CONTINUOUSLY CREATING OPPORTUNITIES FOR BUSINESS TO BUSINESS PARTNERSHIPS. B2U: PROMOTING UKRAINE INTERNATIONALLY AS AN ATTRACTIVE INVESTMENT DESTINATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE AMERICAN CHAMBER OF COMMERCE IN UKRAINE HAS MEMBER COMPANIES THAT JOIN THE ORGANIZATION ON AN ANNUAL BASIS AND PAY MEMBERSHIP FEES. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER COMPANY CASTS ONE VOTE IN ELECTING THE CHAMBER'S BOARD OF DIRECTORS. MEMBERS DO NOT APPROVE BOARD DECISIONS NOR DO THEY RECEIVE A SHARE OF CHAMBER'S PROFIT OR EXCESS DUES OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE CHAMBER MEMBER COMPANIES ELECT THE BOARD OF DIRECTORS (4 TO 16) ON AN ANNUAL BASIS. THE BOARD RUNS THE CHAMBER, MAKING STRATEGIC DECISIONS AND PLANNING. THERE ARE MINUTES OF EACH BOARD MEETING. NO COMMITTEES HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE DRAFT OF THE IRS FORM 990 IS PREPARED BY A CPA FIRM BASED UPON THE YEAR-END FINANCIAL STATEMENTS, WHICH WERE REVIEWED BY AN INDEPENDENT ACCOUNTANT, ACCEPTED BY THE TREASURER (A MEMBER OF THE BOARD OF DIRECTORS), AND SUBSEQUENTLY ACCEPTED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS SIGNED BY EACH BOARD MEMBER AT THE BEGINNING OF THEIR TERM. THE CONFLICT OF INTEREST POLICY IS REITERATED ON A REGULAR BASIS DURING MONTHLY BOARD MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S COMPENSATION USING COMPARABLE DATA FROM A SALARY SURVEY PROVIDED BY A REPUTABLE INTERNATIONAL CONSULTING FIRM. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S BYLAWS ARE AVAILABLE TO ALL MEMBERS UPON REQUEST. FINANCIAL STATEMENTS MAY BE VIEWED BY MEMBERS ON AN ANNUAL BASIS IN THE CHAMBER OFFICE AFTER SUCH INFORMATION HAS BEEN COMPILED BY THE TREASURER AND REVIEWED BY THE BOARD OF DIRECTORS. FINANCIAL INFORMATION AVAILABLE FOR REVIEW CONSISTS OF THE YEAR-END CONSOLIDATED BALANCE SHEET AND INCOME STATEMENT. |
| FORM 990, PART XI, LINE 9: | GAIN ON FOREIGN EXCHANGE RATE FLUCTUATIONS 73,245. |
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