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 | FLORIDA CHAMBER OF COMMERCE IS A MEMBERSHIP ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S MEMBERS ELECT MEMBERS TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S CFO FOR ACCURACY. A COPY IS PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW AND COMMENTS IN CONSULTATION WITH THE ORGANIZATION'S CFO AND INDEPENDENT CPA. THE FORM 990 IS THEN PROVIDED TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT. ANY QUESTIONS OR CHANGES TO THE FORM 990 AND ALL ACCOMPANYING SCHEDULES ARE RESOLVED WITH THE CFO AND INDEPENDENT ACCOUNTING FIRM PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. DISTRIBUTION OF FORM 990 AND ACCOMPANYING SCHEDULES MAY BE IN THE FORM OF ELECTRONIC MAIL, REGULAR MAIL OR NOTIFICATION OF A LINK ON THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED AT EACH BOARD MEETING. MEMBERS ARE REQUIRED TO SIGN A STATEMENT AND DISCLOSE ANY CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICTS OF INTEREST ARE RESOLVED BY THE CHAIRMAN OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT/CEO. THE PRESIDENT'S EMPLOYMENT CONTRACT IS APPROVED AND RENEWED ANNUALLY. THE LAST COMPENSATION STUDY WAS PERFORMED IN 2019. THE PRESIDENT/CEO HAS THE AUTHORITY TO SET THE SALARY OF ALL OTHER EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THREE MOST CURRENT YEARS OF FINANCIAL STATEMENTS AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONSULTING FEES 695,582. RESEARCH 134,000. |
| FORM 990, PART XI, LINE 9: | IN-KIND EXPENSE -40. CHANGE IN SUBSIDIARIES 408,688. |
| FORM 990, PART XII, LINE 2C: | AUDIT COMMITTEE MEETS WITH THE INDEPENDENT AUDITORS PRIOR TO THE START OF THE ENGAGEMENT IN ORDER TO CONDUCT A PLANNING MEETING. COMMITTEE MEMBERS ARE AVAILABLE DURING THE AUDIT PROCESS, AS NECESSARY, TO DISCUSS ANY PERTINENT ISSUES WITH THE AUDITORS. THE COMMITTEE CONDUCTS AN EXIT MEETING WITH THE AUDITORS, WHERE THE DRAFT OF THE AUDIT IS REVIEWED AND DISCUSSED. ONCE SATISFIED, THE AUDIT COMMITTEE AND THE INDEPENDENT AUDITORS PRESENT THE AUDITOR REPORTS AND THE AUDITED FINANCIAL STATEMENTS TO THE BOARD WITH THE AUDIT COMMITTEE'S RECOMMENDATION FOR ACCEPTANCE BY THE BOARD. |
| REGULATION SECTION 1.263(A)-1(F) - DE MINIMIS SAFE HARBOR ELECTION | TAXPAYER NAME: FLORIDA CHAMBER OF COMMERCE, INC. TAXPAYER ADDRESS: PO BOX 11309, TALLAHASSEE, FL 32302-3309 TAXPAYER ID NUMBER: 59-0248200 YEAR-END: 10/31/2020 UNDER IRC REGULATION SECTION 1.263(A)-1(F), THE TAXPAYER HEREBY ELECTS TO APPLY THE DE MINIMIS SAFE HARBOR ELECTION. |
| FORM 990, PART III, LINE 1 | FOR OVER 100 YEARS, THE FLORIDA CHAMBER OF COMMERCE HAS BEEN UNITING THE BUSINESS COMMUNITY FOR GOOD TO ENSURE THE RIGHT THINGS HAPPEN IN FLORIDA TO SECURE FLORIDA'S FUTURE. OUR NUMBER ONE GOAL HAS BEEN TO ENCOURAGE A COMPETITIVE BUSINESS CLIMATE THAT ALLOWS JOB CREATORS TO DO WHAT THEY DO BEST - CREATE PRIVATE-SECTOR JOBS AND CONTRIBUTE TO DIVERSIFYING FLORIDA'S ECONOMY. AND WHILE MANY WOULD HAVE YOU BELIEVE FLORIDA'S SUCCESSES COME FROM ONLY OUR SUNSHINE AND BEACHES, AT THE FLORIDA CHAMBER WE KNOW FIRSTHAND THAT OUR STATE CONTINUES TO MOVE FORWARD THANKS, IN PART, TO A UNITED BUSINESS COMMUNITY THAT BELIEVES IN FREE ENTERPRISE, BELIEVES IN PRIVATE-SECTOR JOB CREATION AND FIGHTS FOR A STRONGER AND EVEN MORE PROSPEROUS FLORIDA. EVERY DAY THE FLORIDA CHAMBER STANDS UP FOR WHAT'S RIGHT FOR FLORIDA IN EVERY CORNER-FROM THE FLORIDA LEGISLATURE TO THE FLORIDA CABINET, FROM STATE TO FEDERAL AGENCIES, FROM THE COURT OF LAW TO THE COURT OF PUBLIC OPINION. WHEN THE BATTLE IS ABOUT SECURING FLORIDA'S FUTURE, THE FLORIDA CHAMBER IS ON THE FRONT LINES. |
| FORM 990, PART III, LINE 4A | THE FLORIDA CHAMBER OF COMMERCE DEVELOPS ITS ANNUAL JOBS AND COMPETITIVENESS AGENDA HIGHLIGHTING WHERE IT STANDS ON KEY BUSINESS PRIORITIES FOR THE UPCOMING LEGISLATIVE SESSION. THIS BLUEPRINT FOR PRIVATE SECTOR JOB CREATION IS ESSENTIAL TO FLORIDA BECOMING THE 10TH LARGEST ECONOMY IN THE WORLD BY 2030 AND IS ADVOCATED BEFORE THE FLORIDA LEGISLATURE AND EXECUTIVE BRANCH OF FLORIDA GOVERNMENT. THE FLORIDA CHAMBER IS NON-PARTISAN AND REPRESENTS BUSINESSES OF ALL SIZES FROM PENSACOLA TO KEY WEST, AND REPRESENTS ALL ECONOMIC SECTORS AND INDUSTRIES ACROSS THE STATE. FLORIDA IS AT A CROSSROADS AND UNITING THE BUSINESS COMMUNITY TO MAKE SURE THE RIGHT OUTCOMES HAPPEN. ENSURING FLORIDA DOESN'T BECOME LIKE CALIFORNIA, NEW YORK OR ILLINOIS TAKES PUTTING THE LONG TERM AHEAD OF THE SHORT TERM TO KEEP FLORIDA THE BEST STATE TO LIVE, LEARN, WORK, OWN A BUSINESS, AND RAISE A FAMILY. THE FLORIDA CHAMBER'S JOBS AND COMPETITIVENESS AGENDA FOCUSES ON EVERYTHING FROM ECONOMIC DIVERSIFICATION, WORKFORCE AND FIXING FLORIDA'S BROKEN LEGAL SYSTEM TO EDUCATION, TRANSPORTATION, INFRASTRUCTURE, ENVIRONMENTAL STEWARDSHIP, AFFORDABLE HOUSING, TELECOMMUNICATIONS AND SO MUCH MORE. |
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