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 8B | COMMITTEES HAVE NO AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | A LINK TO THE COMPLETED DRAFT 990 WILL BE SENT TO DIRECTORS, REQUESTING REVIEW AND COMMENTS BY A CERTAIN DATE. CONCERNS AND COMMENTS WILL BE ADDRESSED AND A REVISED DRAFT WILL BE SUBMITTED VIA OUR CPA FIRM. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR IS PROVIDED A CONFLICT OF INTEREST DISCLOSURE DOCUMENT TO REVIEW, SIGN, AND RETURN AT THE BEGINNING OF THE FISCAL YEAR. FURTHER AT THE BEGINNING OF EACH BOARD MEETING, EACH DIRECTOR IS ASKED TO SIGN IN AND NOTE ANY CONFLICTS OF INTEREST PRIOR TO THE MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD SERVES AS THE CHAMBER'S COMPENSATION COMMITTEE AND IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER (CEO) OF THE CHAMBER. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE CONDUCTS AN ASSESSMENT OF THE PERFORMANCE OF THE CEO DURING THE PREVIOUS YEAR, MEETS WITH THE CEO TO DISCUSS HIS OR HER PERFORMANCE, REVIEWS DATA ON THE COMPENSATION OF CEOS AT COMPARABLE CHAMBERS THROUGHOUT THE GEOGRAPHIC AREA, AND SETS THE CEO'S COMPENSATION FOR THE COMING YEAR. SALARY AND OTHER COMPENSATION AMOUNTS ARE INCLUDED IN THE ANNUAL BUDGET OF THE ORGANIZATION, WHICH IS SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 1023, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
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