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 | DIRECTOR MADELINE BELL SERVES AS A BOARD MEMBER OF COMCAST. DIRECTOR BRET PERKINS IS SENIOR EXECUTIVE VICE PRESIDENT FOR COMCAST. DIRECTOR SHARMAIN MATLOCK-TURNER IS A MEMBER OF THE PECO BOARD OF DIRECTORS WHERE DIRECTOR MICHAEL INNOCENZO IS PRESIDENT AND CEO. DIRECTOR PEDRO RAMOS SERVES AS A DIRECTOR OF INDEPENDENCE HEALTH GROUP WHERE DIRECTOR GREGORY DEAVENS IS THE CEO. DIRECTOR WILLIAM HANKOWSKY SERVES ON THE BOARD OF CITIZENS FINANCIAL GROUP, WHERE DIRECTOR DANIEL FITZPATRICK IS AN EXECUTIVE. MR. HANKOWSKY ALSO SERVES ON THE BOARD OF THE PHILADELPHIA FOUNDATION WHERE DIRECTOR PEDRO RAMOS IS PRESIDENT AND CEO. DIRECTOR CHRISTOPHER FRANKLIN SERVES ON THE UNIVERSITY OF PENNSYALVANIA'S BOARD WHERE MARY ELIZABETH MAGILL IS PRESIDENT. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PREPARED BY MANAGEMENT AND REVIEWED BY THE CHAMBER'S EXTERNAL ACCOUNTING FIRM. A MEETING OF THE AUDIT COMMITTEE WAS HELD TO REVIEW THE DRAFT FORM 990. THE FORM 990 WAS PROVIDED TO THE ENTIRE EXECUTIVE COMMITTEE, THE CHAMBER'S GOVERNING BODY, PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CHAMBER'S CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE IS ADMINISTERED TO ALL MEMBERS OF ITS EXECUTIVE COMMITTEE, THE GOVERNING BODY, EACH YEAR. THE POLICY AND QUESTIONNAIRE REQUIRES EACH EXECUTIVE COMMITTEE MEMBER TO DISCLOSE CERTAIN BUSINESS RELATIONSHIPS OR FAMILY RELATIONSHIPS BETWEEN THE EXECUTIVE COMMITTEE MEMBER AND ANOTHER EXECUTIVE COMMITTEE MEMBER OR BETWEEN THE EXECUTIVE COMMITTEE MEMBER AND AN OFFICER OR KEY EMPLOYEE OF THE CHAMBER. IT ALSO REQUIRES EACH MEMBER TO DISCLOSE IF THEY OR THEIR FAMILY MEMBER ARE A DIRECTOR, OFFICER OR KEY EMPLOYEE OF AN ORGANIZATION WITH WHICH THE CHAMBER CONDUCTED IN EXCESS OF $100,000 OF BUSINESS DURING THE YEAR, TO DISCLOSE ANY FAMILY MEMBER THAT RECEIVES ANY COMPENSATION, PERQUISITES OR BENEFITS FROM THE CHAMBER AND TO REPORT ANY ALLEGIANCE OR FINANCIAL INTEREST THAT THEY OR ANY FAMILY MEMBER HAS THAT MIGHT PRESENT A CONFLICT OR APPEAR TO COMPETE WITH THE DISCHARGE OF THEIR DUTIES AND RESPONSIBILITIES TO THE CHAMBER. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE CHAMBER HAS AN EXECUTIVE COMPENSATION COMMITTEE COMPRISED OF FIVE INDEPENDENT MEMBERS OF ITS EXECUTIVE COMMITTEE. THE EXECUTIVE COMPENSATION COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE DETERMINATION OF THE COMPENSATION, BENEFITS AND OTHER REMUNERATION OF THE CHAMBER'S CEO AND THE CHAMBER'S OTHER SENIOR OFFICERS. THIS COMMITTEE DETERMINES THE COMPENSATION OF THE CEO AND REVIEWS AND APPROVES THE COMPENSATION OF THE OTHER SENIOR OFFICERS RECOMMENDED BY THE CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC. |
| FORM 990, PART VIII: | THE CHAMBER ADOPTED A NEW MODEL FOR GENERATING REVENUE AND RECOGNIZING THE SUPPORT. AS A RESULT, CERTAIN REVENUE THAT HAD PREVIOUSLY BEEN CHARACTERIZED AS MEMBERSHIP DUES IN NOW CHARACTERIZED AS CONTRIBUTIONS. |
| FORM 990, PART VIII, LINE 1E: | IN FY23 THE CHAMBER RECEIVED TWO GOVERNMENT GRANTS TOTALING 1.5 MILLION TO SUPPORT BUSINESS AND TALENT ATTRACTION OVER MULTIPLE YEARS. FORM 990. |
| PART V, LINE 3B: | IN FY23 THERE WAS NO UNRELATED BUSINESS REVENUE OF $1,000 OR MORE FOR DIGITAL OR PROGRAM BOOK ADVERTISING AS WAS EARNED IN PRIOR YEARS. |
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