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 2 | PERIANNE BORING AND JON BORING HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 2 | PERIANNE BORING, PRESIDENT IS THE DAUGHTER OF JON BORING, TREASURER. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERSHIP OF THE CORPORATION SHALL CONSIST OF VOTING MEMBERS, REGULAR MEMBERS AND ASSOCIATE MEMBERS, DEFINED AS FOLLOWS: - VOTING MEMBERS - THE INITIAL VOTING MEMBERS SHALL BE THOSE MEMBERS APPOINTED BY THE BOARD OF DIRECTORS AS VOTING MEMBERS. ADDITIONAL VOTING MEMBERS MAY BE APPOINTED BY A MAJORITY OF THE VOTING MEMBERS. - REGULAR MEMBERS - BUSINESSES INVOLVED IN DEVELOPMENT OR USE OF MEANS OF DIGITAL COMMERCE. - ASSOCIATE MEMBERS - CUSTOMERS AND OTHERS INTERESTED IN THE DEVELOPMENT OR USE OF DIGITAL COMMERCE. |
| FORM 990, PART VI, SECTION A, LINE 7A | ONLY VOTING MEMBERS OF THE CORPORATION SHALL HAVE THE RIGHT TO VOTE ON THE ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS AND SUCH OTHER MATTERS AS SUBMITTED TO THEM BY THE BOARD OF DIRECTORS. REGULAR MEMBERS AND ASSOCIATE MEMBERS SHALL HAVE NO VOTING RIGHTS FOR MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ONLY VOTING MEMBERS OF THE CORPORATION SHALL HAVE THE RIGHT TO VOTE ON THE ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS AND SUCH OTHER MATTERS AS SUBMITTED TO THEM BY THE BOARD OF DIRECTORS. REGULAR MEMBERS AND ASSOCIATE MEMBERS SHALL HAVE NO VOTING RIGHTS FOR MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND THEN REVIEWED BY THE ORGANIZATION'S PRESIDENT AND GOVERNING BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION TO THE BOARD OF DIRECTORS, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OF DIRECTORS SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER THE CHAMBER CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CHAMBER'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE MINUTES OF THE BOARD OF DIRECTORS SHALL CONTAIN: THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD OF DIRECTORS' DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION COMMITTEE REVIEWED COMPENSATION DATA OF COMPARABLE ORGANIZATIONS THAT WAS PROVIDED BY OUR CPA FIRM. THE COMPENSATION COMMITTEE THEN MADE A RECOMMENDATION TO THE BOARD BASED ON THEIR REVIEW, AND THE BOARD APPROVED THE RECOMMENDED COMPENSATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2021 |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC |
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