Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE AMERICAN CHAMBER OF COMMERCE IN POLAND SEEKS TO BE THE LEADING VOICE FOR INTERNATIONAL INVESTORS IN POLAND, REPRESENTING ITS MEMBER COMPANIES, THE INVESTOR COMMUNITY AT LARGE AND DEMONSTRATING THE POSITIVE ROLE THAT BUSINESS AND COMMERCE PLAY IN THE DEVELOPMENT OF THE COUNTRY AND SOCIETY. |
| FORM 990, PAGE 2, PART III, LINE 4A | THE AMCHAM PHARMACEUTICAL COMMITTEE IS A PLATFORM ASSOCIATING KEY COMPANIES IN THE PHARMACEUTICAL MARKET IN POLAND. ITS PURPOSE IS A DIALOGUE AIMED AT THE DEVELOPMENT OF THE CONDITIONS OF THE BUSINESS ENVIRONMENT AND INVESTMENTS IN THE PHARMACEUTICAL INDUSTRY FOCUSED ON THE PATIENT'S WELFARE, REGULATORY STABILITY AND PREDICTABILITY OF BUSINESS OPERATIONS BY INCREASING TRANSPARENCY IN THE LEGISLATIVE PROCESS AND DECISIONS MADE IN CONSULTATION WITH PUBLIC PARTNERS. IN 2020, THE PHARMACEUTICAL COMMITTEE ACHIEVED ITS GOALS BY ORGANIZING MEETINGS, ORGANIZING CONFERENCES AND MEETINGS WITH THE PUBLIC SECTOR, COOPERATING WITH OTHER ENTITIES FROM THE INDUSTRY, PREPARING POSITION PAPERS FOR PUBLIC CONSULTATIONS OF LEGAL ACTS, AND ISSUING REPORTS SUCH AS THE "HEALTHY LEGISLATION" REPORT ANALYZING THE QUALITY OF LAW-MAKING IN THE AREA OF HEALTH PROTECTION. |
| FORM 990, PAGE 2, PART III, LINE 4B | THE AMCHAM ECONOMIC RESEARCH UNIT IS A RESEARCH FACILITY WITHIN THE AMERICAN CHAMBER OF COMMERCE IN POLAND. THE MAIN FOCUS OF THE RESEARCH IS TO ANALYZE THE MAJORITY-OWNED US BUSINESSES IN POLAND AND THEIR IMPACT ON THE ECONOMY AS WELL AS QUANTIFY VARIOUS ASPECTS OF POLAND-US ECONOMIC RELATIONS. THERE WERE THREE COMPREHENSIVE REPORTS ABOUT INVESTMENTS IN POLAND PUBLISHED IN 2020: 30 YEARS OF AMERICAN INVESTMENTS IN POLAND (PARTNERSHIP WITH THE KPMG): THE REPORT PRESENTS THE SCALE OF OPERATIONS OF COMPANIES WITH AMERICAN CAPITAL IN POLAND. THE REPORT PRESENTS THE VALUE OF INVESTMENTS, ASSETS AND INCOME GENERATED BY THESE COMPANIES, AS WELL AS JOBS CREATED. FOREIGN DIRECT INVESTMENTS IN POLAND: THE REPORT PRESENTS COMPANIES WITH FOREIGN CAPITAL OPERATING IN POLAND AND THE LIST OF THE LARGEST FOREIGN INVESTORS AS WELL AS THE LARGEST EMPLOYERS. THE DETAILED PICTURE IS COMPLEMENTED BY THE CHARACTERISTICS OF THE INDUSTRY STRUCTURE AND THE GEOGRAPHICAL LOCATION OF FOREIGN COMPANIES OPERATING IN POLAND. INVESTMENT CLIMATE IN POLAND - PERSPECTIVE OF THE US-OWNED FIRMS (PARTNERSHIP WITH THE KPMG): THE REPORT PRESENTS THE RESULTS OF TWO-EDITION SURVEYS CONDUCTED AMONG AMERICAN INVESTORS IN POLAND (BEFORE AND DURING THE PANDEMIC). THE SURVEY COVERED OPINIONS ON THE CONDITIONS FOR DOING BUSINESS IN POLAND. |
| FORM 990, PAGE 2, PART III, LINE 4D | . |
| FORM 990, PART V, LINE 4B | POLAND |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE BOARD IS ELECTED EVERY 2 YEARS BY A QUORUM OF THE MEMBERSHIP. ANY CHANGES TO THE CHAMBER'S CONSTITUTION OR BYLAWS MUST ALSO BE APPROVED BY A QUORUM OF OUR MEMBERS. ANY SUCH APPROVALS, VOTES, ELECTIONS, ETC. TAKE PLACE DURING OUR ANNUAL MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE BOARD IS ELECTED EVERY 2 YEARS BY A QUORUM OF THE MEMBERSHIP. ANY CHANGES TO THE CHAMBER'S CONSTITUTION OR BYLAWS MUST ALSO BE APPROVED BY A QUORUM OF OUR MEMBERS. ANY SUCH APPROVALS, VOTES, ELECTIONS, ETC. TAKE PLACE DURING OUR ANNUAL MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE BOARD IS ELECTED EVERY 2 YEARS BY A QUORUM OF THE MEMBERSHIP. ANY CHANGES TO THE CHAMBER'S CONSTITUTION OR BYLAWS MUST ALSO BE APPROVED BY A QUORUM OF OUR MEMBERS. ANY SUCH APPROVALS, VOTES, ELECTIONS, ETC. TAKE PLACE DURING OUR ANNUAL MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 10B | POLICIES AND PROCEDURES GOVERNING ACTIVITIES CHAMBER MANAGEMENT CONTINUALLY SUPERVISES THE ACTIVITIES OF THE BRANCH OFFICES AND REQUIRES CONSISTENT CONTACT WITH THE MAIN OFFICE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE CHAMBER ENGAGES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FORM 990. THE FORM 990 IS THEN REVIEWED IN DETAIL BY THE CHAMBER'S EXECUTIVE DIRECTOR AND CHAIRMAN BEFORE FILING THE RETURN WITH THE SERVICE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | MANAGING DIRECTOR COMPENSATION PROCESS THE AMERICAN CHAMBER OF COMMERCE IN POLAND IS THE FOUNDER OF THE FOUNDATION OF THE AMERICAN CHAMBER OF COMMERCE IN POLAND, WHICH IS THE ORGANIZATION THAT PROVIDES THE COMPENSATION TO THE CHAMBER'S MANAGING DIRECTOR. AFTER OBTAINING DATA, THE CHAMBER'S INDEPENDENT BOARD OF DIRECTORS APPROVES THE MANAGING DIRECTOR'S ANNUAL COMPENSATION AND SUBSTANTIATES THE DECISION IN THE BOARD MINUTES. THE INDEPENDENT BOARD OF DIRECTORS APPROVES THE MANAGING DIRECTOR'S ANNUAL COMPENSATION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | AVAILABILITY OF GOVERNING DOCUMENTS A FINANCIAL REPORT IS MADE AT EVERY ANNUAL GENERAL MEETING, ANNOUNCING THAT ALL DOCUMENTS ARE AVAILABLE IN THE OFFICE FOR REVIEW. |
| FORM 990, PART XI, LINE 9 | FOREIGN CURRENCY TRANSLATION ADJUSTMENT -238,058 |
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