Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI | MANY DIRECTORS HAVE BUSINESS RELATIONSHIPS WITH OTHER DIRECTORS. THIS IS A CHAMBER OF COMMERCE FOR A SMALL CITY AND EVERYONE DOES BUSINESS WITH EACH OTHER. |
| FORM 990, PAGE 6, PART VI, LINE 2 | DIRECTORS & OFFICERS ROUTINE BIZ DUE TO BEING LOCAL |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE CHAMBER HAS MEMBERS AND THEY VOTE ON BOARD OF DIRECTORS FOR THREE YEAR TERMS. THIS IS THE ONLY VOTING THAT MEMBERS DO. |
| FORM 990, PAGE 6, PART VI, LINE 7A | BOARD OF DIRECTORS ARE VOTED AND SELECTED BY THE MEMBERSHIP AT LARGE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE PRESIDENT REVIEWS THE 990 AND QUESTIONS THE PREPARER. THE RETURN IS PRESENTED TO THE ENTIRE BOARD FOR REVIEW AND THEY ARE ALLOWED TO QUESTION THE PREPARER AND THEN IT IS VOTED ON. |
| FORM 990, PAGE 6, PART VI, LINE 12C | FORMS ARE COMPLETED. THEN THE FORMS ARE REVIEWED AND DISCUSSED WITH THE DIRECTOR IF A CONFLICT THAT COULD CAUSE A PROBLEM IS DISCOVERED. THE FORMS WILL BE COMPLETED EVERY YEAR BY DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE EXECUTIVE COMMITTEE PERFORMS A FORMAL REVIEW OF THE PRESIDENT AND PRESENTS IT TO THE ENTIRE BOARD OF DIRECTORS FOR A VOTE. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE PRESIDENT PREPARES THE REVIEW AND EVALUATES EACH EMPLOYEE AND MAKES RECOMMENDATION TO THE EXECUTIVE COMMITTEE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | UPON REQUEST |
| FORM 990, PAGE 12, PART XII, LINE 1 | THE CHAMBER OF COMMERCE CHANGED ITS ACCOUNTING METHOD FROM THE CASH BASIS METHOD TO THE ACCCRUAL BASIS METHOD IN ORDER TO PREPARE FOR AN UPCOMING FINANCIAL STATEMENT INDEPENDENT AUDIT. |
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