| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIRPERSON, THE VICE CHAIRPERSONS, AND THE OFFICERS OF THE COUNCIL; AND SHALL PERFORM, BETWEEN MEETINGS OF THE FULL BOARD, ALL ACTS THAT THE BOARD COULD PERFORM, EXCEPT TO THE EXTENT PROHIBITED BY THE ACT OR BY THE ARTICLES OF INCORPORATION. EXCEPT AS OTHERWISE SPECIFIED IN ITS GOVERNING CHARTER, THE BOARD SHALL ELECT THE MEMBERS OF THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | TO BECOME A MEMBER OF THE COUNCIL (A "MEMBER"), A PERSON SEEKING ADMISSION MUST SUBMIT A WRITTEN APPLICATION AND BE SELECTED FOR ADMISSION IN ACCORDANCE WITH THE BYLAWS. A CANDIDATE FOR MEMBERSHIP IN THE COUNCIL MUST BE, AT THE TIME HIS OR HER APPLICATION IS SUBMITTED TO THE COUNCIL, THE CHIEF EXECUTIVE OFFICER OR EQUIVALENT POSITION (A "CEO") OF A BUSINESS THAT: (I) HAS ANNUAL REVENUE OF AT LEAST $3 MILLION, AND AT LEAST TWENTY-FIVE EMPLOYEES; OR (II) AT ANY TIME IN THE TWO YEARS IMMEDIATELY PRECEDING THE SUBMISSION OF AN APPLICATION WAS (X) A GRADUATE OF THE TAMPA BAY CHAMBER OF COMMERCE'S MINORITY BUSINESS ACCELERATOR PROGRAM, OR (Y) THE RECIPIENT OF THE SMALL BUSINESS OF THE YEAR AWARD FROM A LOCAL CHAMBER OF COMMERCE. NOTWITHSTANDING THE TYPICAL ELIGIBILITY CRITERIA, THE COUNCIL MAY, ON A CASE BY CASE BASIS, WAIVE THAT CRITERIA AND GRANT MEMBERSHIP IN THE COUNCIL TO THE CEO OF A COMPANY THAT DOES NOT MEET THE TYPICAL ELIGIBILITY CRITERIA, BY THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THE BOARD OF DIRECTORS, OR BY THE UNANIMOUS VOTE OF A COMMITTEE OF THE BOARD TO WHOM THE AUTHORITY TO SELECT NEW MEMBERS HAS BEEN DELEGATED, BASED ON SUCH SPECIAL, EXTRAORDINARY OR UNIQUE CIRCUMSTANCES OR CONDITIONS AS THE BOARD OR SUCH BOARD COMMITTEE REASONABLY DEEMS RELEVANT. |
| FORM 990, PART VI, SECTION A, LINE 7A | AT EACH ELECTION FOR DIRECTORS, EVERY MEMBER ENTITLED TO VOTE AT SUCH ELECTION SHALL HAVE THE RIGHT TO VOTE, IN PERSON OR BY PROXY, FOR AS MANY PERSONS AS THERE ARE DIRECTORS TO BE ELECTED AT THAT TIME. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD SHALL HAVE THE POWER, WITHOUT THE ASSENT OR VOTE OF THE MEMBERS OF THE COUNCIL, TO MAKE, AMEND OR REPEAL ALL OR ANY PORTION OF THESE BYLAWS, AS PROVIDED HEREIN; PROVIDED, HOWEVER, THAT ANY BYLAW SO MADE, AMENDED OR REPEALED BY THE BOARD MAY BE SUBSEQUENTLY AMENDED OR REPEALED BY THE MEMBERS; PROVIDED, HOWEVER, THAT NO SUCH AMENDMENT OR REPEAL BY THE MEMBERS SHALL INVALIDATE ANY PRIOR ACT OF THE BOARD, OR ANY DIRECTOR, IF SUCH ACTION WOULD HAVE BEEN VALID IF THE MEMBERS HAD NOT MADE SUCH SUBSEQUENT AMENDMENT OR REPEAL. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW BEFORE FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 15A | ALL COMPENSATION PAID OUT OF THE ORGANIZATION IS DETERMINED, APPROVED AND ANNUALLY REVIEWED BY A COMPENSATION COMMITTEE MADE UP OF INDEPENDENT BOARD MEMBERS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
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