Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD ELECTRONICALLY PRIOR TO FILING. ANY CHANGES NOTED ARE MADE BEFORE THE RETURN IS ISSUED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE BOARD MAINTAINS A HIGH LEVEL OF TRANSPARENCY STARTING WITH COMMUNICATING THE IMPORTANCE OF DISCLOSURE OF SUCH ACTIVITIES TO NEW AND EXISTING BOARD MEMBERS. ANNUAL DECLARATIONS ARE RECEIVED. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPENSATION COMMITTEE REVIEWS THESE POSITIONS, BONUSES AND PAY RAISES OR ADJUSTMENTS. THE COMMITTEE IS MADE UP OF (4) KEY MEMBERS OF OUR VOLUNTEER LEADERSHIP, INCLUDING THE CHAIRMAN, AND THE IMMEDIATE PAST CHAIRMAN. THE COMPENSATION IS BENCHMARKED ON JOB DUTIES AND RESPONSIBILITIES TO LOCAL MARKET RATES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE COMPENSATION COMMITTEE REVIEWS THESE POSITIONS, BONUSES AND PAY RAISES OR ADJUSTMENTS. THE COMMITTEE IS MADE UP OF (4) KEY MEMBERS OF OUR VOLUNTEER LEADERSHIP, INCLUDING THE CHAIRMAN, AND THE IMMEDIATE PAST CHAIRMAN. THE COMPENSATION IS BENCHMARKED ON JOB DUTIES AND RESPONSIBILITIES TO LOCAL MARKET RATES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| FORM 990, PART XI | CHANGE IN ACCOUNTING POLICY OVER DEFERRED REVENUES: IN YEARS PRIOR TO 2021, THE CHAMBER RECORDED ITS MEMBERSHIP REVENUE ON A MODIFIED CASH BASIS, VERSUS THE ACCRUAL BASIS OF ACCOUNTING. THE CHAMBER HAS CHOSEN TO MODIFY ITS ACCOUNTING POLICY OVER SUCH DEFERRED REVENUES TO THAT REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. ACCORDINGLY, THE CHAMBER HAS RESTATED ITS NET ASSETS AT JANUARY 1, 2021 TO REFLECT THIS DEFERRED REVENUE AND RESTATED MEMBERSHIP DUES AND PROGRAM REVENUES FOR THE YEAR ENDED DECEMBER 31, 2020. |
| FORM 990, PART XI, LINE 9 | CHAMBER FOUNDATION 154,773 CHAMBER FOUNDATION -154,773 |
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