Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE EXTON REGION CHAMBER OF COMMERCE IS A MEMBER, NONPROFIT CORPORATION DESCRIBED IN CODE SECTION 501(C)(6) THAT IS DEDICATED TO IMPROVING THE ECONOMIC ENVIRONMENT OF OUR COMMUNITY, FOSTERING THE DEVELOPMENT OF BUSINESS GROWTH AND PROSPERITY, ADVOCATING FOR SOUND PUBLIC POLICY, AND PROVIDING OUR MEMBERS WITH OUTSTANDING PROGRAMS AND BENEFITS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | ANY PERSON, FIRM, CORPORATION OR ASSOCIATION HAVING AN INTEREST CONSISTENT WITH THE OBJECTIVES OF THE CHAMBER SHALL BE ELIGIBLE TO APPLY FOR MEMBERSHIP. IN ANY ACTION WHICH REQUIRES VOTING BY THE MEMBERS, EACH MEMBER IN GOOD STANDING SHALL BE ENTITLED TO CAST ONE VOTE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE BOARD OF DIRECTORS CONSISTS OF 15 TO 23 INDIVIDUALS, INCLUDING THE OFFICERS (EXECUTIVE COUNCIL). DIRECTORS ARE ELECTED BY ACTIVE MEMBERS AND SHALL SERVE A TERM OF 3 YEARS OR UNTIL THEIR SUCCESSORS HAVE BEEN ELECTED. THE OFFICERS OF THE CHAMBER ARE ELECTED ANNUALLY BY THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | MEMBER APPROVAL IS NEEDED UNDER PENNSYLVANIA LAW FOR CERTAIN FUNDAMENTAL TRANSACTIONS SUCH AS A MERGER, ACQUISITION, OR DISSOLUTION. |
| FORM 990, PAGE 6, PART VI, LINE 11B | AN ELECTRONIC COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | DIRECTORS ARE REQUIRED TO REPORT CONFLICTS OF INTEREST AS THEY ARISE. ALL DIRECTORS ARE PROVIDED A COPY OF THE CORPORATION'S CONFLICT OF INTEREST POLICY. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION OF THE PRESIDENT |
| FORM 990, PAGE 6, PART VI, LINE 19 | IN GENERAL, THE ORGANIZATION WILL MAKE AVAILABLE FINANCIAL STATEMENTS AND OTHER DOCUMENTS FOR INSPECTION UPON REQUEST |
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