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 ORGANIZATION IS ORGANIZED AS A NONPROFIT AND NONSTOCK CORPORATION WITH MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS OF THE ORGANIZATION HAVE THE RIGHT TO ELECT THE MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS ELECTED ONCE PER YEAR AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE CHAMBER DOES NOT HAVE SUCH COMMITTEES TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TREASURER RECEIVES A COPY OF THE 990 FOR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | CHAMBER BUSINESS TRANSACTIONS WITH BOARD MEMBERS, E.G. CHAMBER AUDIT MAY NOT BE PERFORMED BY BOARD MEMBER COMPANIES, ONLY OUTSIDE INDEPENDENT AUDITORS. THE CHAMBER REQUIRES BOARD MEMBERS TO WITHDRAW FROM DECISIONS THAT PRESENT A POTENTIAL CONFLICT OF INTEREST. THE CHAMBER USES PROCEDURES SUCH AS COMPETITIVE BIDS TO ENSURE THAT THE ORGANIZATION IS RECEIVING FAIR VALUE IN TRANSACTIONS. |
| FORM 990, PART VI, SECTION B, LINE 15 | EXECUTIVE DIRECTOR COMPENSATION- THE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON COMPARABILITY DATA AND ANNUAL PERFORMANCE REVIEW WITH FIXED CRITERIA. OTHER EMPLOYEES COMPENSATION- THE EXECUTIVE DIRECTOR HIRES AND ASSIGNS POSITIONS TO APPLICANTS ON THE BASIS OF KNOWLEDGE, SKILLS, AND ABILITIES REEVANT TO THE POSITION. EMPLOYEE COMPENSATION IS BASED ON BOARD OF DIRECTORS ANNUAL APPROVAL AND ANNUAL PERFORMANCE REVIEW. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CHAMBER MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CURRENCY TRANSLATION GAIN 33,709. |
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