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 HAS MEMBERS. ANY INDIVIDUAL OR COMPANY MAY APPLY FOR MEMBERSHIP IN THE CORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE BOARD OF TRUSTEES. VOTING SHALL BE BY INDIVIDUALS ONLY AND NO MEMBER SHALL CAST MORE THAN ONE VOTE. THE BOARD OF TRUSTEES, THEN, ELECT THE OFFICERS OF THE CORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS MUST APPROVE BOARD ELECTIONS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW BEFORE THE RETURN IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL VOLUNTEERS, INCLUDING THE BOARD AND COMMITTEE MEMBERS, ARE COVERED BY THE POLICY. THE BOARD OF TRUSTEES AND EXECUTIVE COMMITEE REVIEW POTENTIAL CONFLICTS OF INTEREST AND DETERMINE IF SUCH CONFLICTS EXIST. BOARD MEMBERS MUST SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. AT MONTHLY BOARD MEETINGS, IF THERE IS A CONFLICT, THE CONFLICT MUST BE DISCLOSED AND THE MEMBER MUST REFRAIN FROM DISCUSSING AND VOTING ON THAT MATTER. THE ABSTAINMENT FROM VOTING IS DOCUMENTED IN THE BOARD MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE CHAMBER'S OFFICERS IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. COMPENSATION OF THE CHAMBER'S OFFICES IS COMPARED TO OTHER AMERICAN CHAMBER OF COMMERCE EXECUTIVES. THE CHAIRMAN OF THE BOARD PROVIDES COPIES OF CONTRACTS THAT CONTAIN THE SALARY AND BENEFITS FOR EACH OFFICER, AS WELL AS DOCUMENTATION OF ANY CHANGES REGARDING SALARIES AND/OR BONUSES. THE COMPENSATION OF WENDY GRAMZA, CURRENT PRESIDENT, WAS REVIEWED AND APPROVED IN 2020. THE OTHER KEY EMPLOYEES ARE REVIEWED INTERNALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | HISTORICALLY, THE TOLEDO CHAMBER OF COMMERCE HAS NEVER MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ANY REQUEST BY A MEMBER OF THE PUBLIC TO REVIEW THESE DOCUMENTS WOULD BE CONSIDERED CAREFULLY. |
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