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 | FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BY THE ORGANIZATION'S MANAGEMENT, THE BOARD OF DIRECTORS' EXECUTIVE COMMITTEE, AND THE PRESIDENT/CEO. THE GROUP OF INDIVIDUALS WILL DISCUSS THE RETURN WITH THE OUTSIDE TAX PROFESSIONAL. THE PRESIDENT/CEO WILL SIGN AND SUBMIT THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | A CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK. EMPLOYEES ARE RESPONSIBLE FOR REPORTING ANY POTENTIAL CONFLICTS IN FACT OR APPEARANCE TO THE PRESIDENT/CEO. MEMBERS OF THE BOARD OF DIRECTORS RELEASE THEMSELVES FROM ANY DECISIONS IN WHICH THEY HAVE A CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | ANNUALLY, THE EXECUTIVE COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS THE PRESIDENT/CEO'S COMPENSATION. THE EXECUTIVE COMMITTEE ALSO REVIEWS THE PRESIDENT/CEO'S PAST PERFORMANCE TO DETERMINE IF A BONUS IS TO BE AWARDED. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR APPROVING THE PRESIDENT/CEO'S ANNUAL COMPENSATION AND BENEFITS. THE PRESIDENT/CEO REVIEWS THE COMPENSATION OF ALL HIGH-LEVEL MANAGEMENT PERSONNEL. THE PRESIDENT/CEO CONSIDERS COMPETITIVENESS AND APPROPRIATENESS OF SALARIES AND ANY RELATED BENEFITS IN RELATION TO EMPLOYEE PERFORMANCE AND THE ORGANIZATION'S BUDGET FOR SALARIES AND BENEFITS. |
| FORM 990, PART VI, SECTION C, LINE 19 | VIRGINIA PENINSULA CHAMBER OF COMMERCE MAKES AVAILABLE ITS 990 AND SCHEDULES AS WELL AS WRITTEN POLICIES SUCH AS ITS WHISTLEBLOWER POLICY, ETC. UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | TRANSFER FROM VIRGINIA PENINSULA CHAMBER OF COMMERCE BUSINESS PAC 1,025. |
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