Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4A | REPRESENTING 2,400 BUSINESSES ACROSS THE GREATER PHOENIX REGION, THE GREATER PHOENIX CHAMBER PROMOTES REGIONAL PROSPERITY BY SERVING AS A CATALYST FOR ECONOMIC VITALITY AND STRONG COMMUNITIES. THE CHAMBER PURSUES THIS MISSION BY COLLABORATING WITH BUSINESS, POLITICAL, AND COMMUNITY LEADERS TO GROW THE REGIONAL TALENT POOL, CREATE A REGIONAL APPROACH TO ECONOMIC DEVELOPMENT, AND DRIVE A PRO-BUSINESS REGULATORY ENVIRONMENT. IN FISCAL YEAR 2020, AN ESTIMATED 600,000 EMPLOYEES OF MEMBER-COMPANIES WERE SERVED BY THE CHAMBER. THE CHAMBER ADVOCATES ON BEHALF OF THE BUSINESS COMMUNITY AT THE ARIZONA STATE CAPITOL, AS WELL AS LOCAL AND FEDERAL GOVERNMENTS THAT ENABLES COLLABORATIVE EFFORTS WITH OTHER BUSINESS ORGANIZATIONS. THE CHAMBER SUPPORTED 83 BILLS THAT WERE SIGNED INTO LAW, AND 97% OF THE BILLS THE CHAMBER OPPOSED WERE DEFEATED. AMID THE PANDEMIC, THE CHAMBER CONTINUED TO WORK WITHIN OUR PILLARS OF FOCUS, BUT ALSO EXPANDED EFFORTS TO PROVIDE ADDITIONAL RESOURCES TO ALL MEMBERS OF THE COMMUNITY. THE CHAMBER HELD WEEKLY WEBINARS WITH ELECTED OFFICIALS, REPRESENTATIVES OF THE SBA, AND LEGAL COUNSEL TO HELP NAVIGATE THROUGH THE RAPID CHANGES AT THE ONSET OF THE PANDEMIC. THE CHAMBER ALSO LAUNCHED VARIOUS RESOURCE WEBSITES AND PROVIDED WEEKLY COMMUNICATIONS IN BOTH ENGLISH AND SPANISH TO MEMBERS TO ENSURE THEY HAD CRITICAL INFORMATION. |
| FORM 990, PAGE 6, PART VI, LINE 10B | ALL CHAPTERS AND AFFILIATES ARE SUBJECT TO THE POLICIES AND PROCEDURES OF THE GREATER PHOENIX CHAMBER OF COMMERCE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY FESTER & CHAPMAN, PLLC WITH THE ASSISTANCE OF THE VICE PRESIDENT OF FINANCE & OPERATIONS. THE TAX RETURN IS THEN REVIEWED BY THE VICE PRESIDENT OF FINANCE AND OPERATIONS AS WELL AS AN OUTSIDE CPA FIRM PROVIDING ACCOUNTING SUPPORT TO THE ORGANIZATION. FOLLOWING THE COMPLETION OF THESE REVIEWS, THE VICE PRESIDENT OF FINANCE & OPERATIONS REVIEWS THE RETURN WITH THE PRESIDENT & CEO. ONCE THIS PROCESS IS COMPLETE, THE PRESIDENT & CEO SIGNS THE RETURN AND FESTER & CHAPMAN, PLLC FILE THE RETURN. THE RETURN IS AVAILABLE TO THE BOARD OF DIRECTIONS UPON REQUEST. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE GREATER PHOENIX CHAMBER OF COMMERCE DISTRIBUTES THE CONFLICT OF INTEREST POLICIES ANNUALLY AND COLLECTS THE EXECUTED POLICIES. KEVIN QUIGLEY, OUR LEGAL COUNSEL FROM LAW FIRM QUARLES & BRADY LLP, REVIEWS THE CONFLICT OF INTEREST POLICIES ANNUALLY. THE STAFF FILES THESE STATEMENTS IN OUR PERMANENT RECORDS. THE CHAMBER'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS. ALL COVERED PERSONS HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST TO THE DIRECTORS OR OTHER COMMITTEE MEMBERS. IN THE EVENT OF A CONFLICT, THE BOARD OR COMMITTEE WILL MEET, DISCUSS, AND VOTE UPON THE TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON MAY PARTICIPATE IN THE DISCUSSIONS ON THE MATTER BUT IS PROHIBITED FROM VOTING ON THE MATTER. THE MINUTES OF THE BOARD AND COMMITTEE MEETINGS DOCUMENT ALL DISCLOSURES OF SUBSTANTIAL INTERESTS BY COVERED PERSONS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | TODD SANDERS WAS PROMOTED TO THE PRESIDENT/CEO POSITION IN MAY 2009. DAVID BRUNO, AN EXECUTIVE RECRUITER FROM DHR INTERNATIONAL WAS RETAINED TO CONDUCT THE SEARCH AND REPORTED TO A SUBCOMMITTEE OF THE BOARD OF DIRECTORS. AS PART OF THE SEARCH, HE DEVELOPED THE COMPENSATION PACKAGE WHICH WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | EFFECT OF NEW ACCOUNTING POLICY CHANGES 5,846 |
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